Get a Business Loan of ₹30 Lakh with Quick Approval
Poonawalla Fincorp's ₹30 Lakh Business Loan is an excellent financing option for business owners looking to improve or upgrade their business operations. With quick approval and a hassle-free application process, this loan is a great choice for those who need access to substantial funds without delay. The loan amount of up to ₹30 Lakh can be used for various purposes, such as business expansion, inventory management, boosting working capital, etc.
We offer flexible repayment options and favourable terms to ensure that the loan is affordable and convenient. The loan also happens to be collateral-free, making it a great choice for business owners. Overall, Poonawalla Fincorp's ₹30 Lakh Business Loan is a reliable and convenient financing option for businesses looking to take their operations to the next level. Apply now!
₹30 Lakh Business Loan EMI Calculator
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EMI Amount = *
Interest Rate and Charges for Business Loan
The applicable interest rate and charges on our ₹30 Lakh Loan for business have been listed below for your reference, ensuring complete transparency:
| 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 | |
₹30 Lakh Business Loan EMI for up to 3 Years
The loan EMI amount is determined by the principal amount, interest rate, and the loan repayment period. To find out the approximate EMI amount for a ₹30 Lakh Business Loan, please refer to the table below:
| Tenure | Approximate EMI at 15% Interest Rate |
| 1 Year | ₹2,70,775*/month |
| 2 Years | ₹1,45,460*/month |
| 3 Years | ₹1,03,996*/month |
₹30 Lakh Business Loan Eligibility Criteria
You are required to fulfil the eligibility criteria mentioned below to apply for a ₹30 Lakh Business Loan:
Age
Business vintage
Annual turnover
- Age: 24-65 years
- Business Vintage: At least 2 years
- Annual Turnover: Minimum ₹6 Lakh
Once you meet our eligibility criteria for a ₹30 Lakh loan for business, you can begin the application process.
Documents Required for ₹30 Lakh Business Loan
To avail of our Business Loan, you must provide the following documents:
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KYC documents
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Business Address Proof
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Financial Documents
- KYC Documents: PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport, Business Registration Proof
- Business Address Proof: Utility bills/Rent Agreement
- Financial Documents: Bank account statement from the past 6 months
Please note that additional documents may be required during loan processing.
Features and Benefits for ₹30 Lakh Business Loan
You can enjoy several features and benefits by availing of a ₹30 Lakh Business Loan from Poonawalla Fincorp:
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Business Loan without any security or collateral
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Minimal documentation
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Instant approval and disbursal
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Competitive Business Loan interest rate
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Sizeble sanction up to ₹50 Lakh
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Hassle-free, online application provision
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Flexible tenure of up to 48 months
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Fulfil urgent Business Loan requirements
Apply for ₹30 Lakh Business Loan within 5 Minutes
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Online
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Click on Apply Now and enter your contact details.
Business
Details
Business Details
Enter your annual business turnover and other business details.
Verification
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The application will then proceed for verification and assessment
Frequently Asked Questions
Yes, you can easily apply for a ₹30 Lakh Business Loan from Poonawalla Fincorp if you meet our eligibility criteria and follow the above-mentioned steps.
The EMI for a ₹30 Lakh Business Loan can vary because it is determined by the total loan amount, the interest rate, and the loan tenure. Please use our Business Loan EMI calculator to easily calculate your loan EMI.
If you are an MSME business owner and want to apply for a ₹30 Lakh Business Loan, you must meet our basic eligibility criteria, which are listed below:
- Applicant’s Age: 24-65 years
- Business Vintage: At least 2 years
- Annual Turnover: Minimum ₹6 Lakh
*Terms & Conditions Apply
