₹20 Lakh Business Loan

₹20 Lakh Business Loan

Minimal Documentation | Quick Approval | 100% Digital Process

Poonawalla Fincorp’s ₹20 lakh Business Loan caters to your various financial requirements related to business. Within just a few clicks, you can apply for a Business Loan of ₹20 Lakh with a competitive interest rate. Our entrepreneur-focused Business Loan helps you tackle any financial requirements related to working capital, expanding business operations, purchasing machinery or inventory, or consolidating your existing high-interest loans.


Our interest rate for a Business Loan starts at 15% p.a. without any hidden charges. Please refer to the table below for more details.

Rate of Interest 15% to 28% p.a.*
Processing Fees Up to 3% plus applicable taxes
Repayment Instrument Dishonour Charges ₹1,000 per bounce plus applicable taxes
Default Interest 3% per month
Loan Amount ₹1 Lakh to ₹50 Lakh
Lowest EMI per Month Starting from ₹2,783* per Lakh for 48 months
Loan Tenure 6 to 48 months
Prepayment/Foreclosure Charges 0%* If paid from own sources & 4% If paid from other sources
Stamp Duty At actuals (as per state)
No Other Hidden Charges

If you wish to get a ₹20 Lakh Business Loan for four years, you can take advantage of our competitive interest rates. Our collateral-free Business Loans help you manage your financial needs without hassle. Before applying for the loan, you can calculate your EMIs. The table below shows your ₹20 Lakh Business Loan EMIs for four years.

Tenure Approximate EMI at 15% Interest Rate
2 years ₹96,973/month
3 years ₹69,331/month

At Poonawalla Fincorp, we have easy to meet eligibility requirements for a Business Loan are specially designed to help you save time and get quick approval. Our eligibility criteria include:

Age Requirement


Monthly Salary Required

Annual turnover

Work Experience Required

Business vintage

  • Age: Between 24 and 65 years.
  • Annual turnover: Your enterprise must have a minimum annual turnover of ₹6 Lakh.
  • Business vintage: Your business must have been in operation for at least two years since its registration date.

We have minimal documentation requirement for ₹20 Lakh Business Loan. Our document requirements include:

  • KYC documents logo

    KYC documents

  • Financial Documents

    Financial Documents

  • Business Address Proof

    Business Address Proof

  • KYC documents: Government-issued ID such as PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
  • Financial Documents: Rent agreement, utility bills, or passport.
  • Business Address Proof: Bank statement of the past six months.

Please note: This list is indicative, and the actual list of documents will depend on your profile, requirement and Poonawalla Fincorp’s policy at the time of application.

Poonawalla Fincorp’s Business Loan offers various exciting features focused on specific business financial requirements such as:

  • Sizable sanction up to ₹50 lakh logo

    Business Loan without any security or collateral

  • Minimal documentation logo

    Minimal documentation

  • Loan amount available up to ₹50 Lakh

    Instant approval and disbursal

  • Hassle-free, online application provision logo

    Competitive Business Loan interest rate

  • Easy to apply online loan application process logo

    Sizeble sanction up to ₹50 Lakh

  • Attractive and affordable interest rates logo

    Hassle-free, online application provision

  • No collateral required against the loan logo

    Flexible tenure of up to 48 months

  • Flexible repayment tenure of up to 48 months logo

    Fulfil urgent Business Loan requirements

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Apply Online

Click on Apply Now and enter your contact details.

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Business Details

Enter your annual business turnover and other business details.

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The application will then proceed for verification and assessment

Can I get ₹20 lakh Business Loan?

You can get ₹20 lakh Business Loan from Poonawalla Fincorp once you meet minimal eligibility requirements and submit minimal documentation.

What is the EMI for ₹20 lakh Business Loan?

The EMI for ₹20 lakh Business Loan is ₹180,517.

Who is eligible for ₹20 lakh Business Loan?

You can apply for ₹20 lakh Business Loan, if you fall under the below eligibility criteria:

  • Age: Between 24 and 65 years.
  • Annual turnover: Your enterprise must have a minimum annual turnover of ₹6 Lakh.
  • Business vintage: Your business must have been in operation for at least two years since its registration date.

*Terms & Conditions Apply

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