Get a Business Loan of ₹40 Lakh with Quick Approval
Want to take your business to the next level? Get a ₹40 Lakh Business Loan from Poonawalla Fincorp through a simple application process. Experience quick approval and disbursal without any hassle.
You can use the funds from our Business Loan to purchase new equipment, hire more staff, increase inventory, or for other business-related expenses. Don't let financial constraints stop you from accomplishing your business objectives. Apply for Poonawalla Fincorp's Business Loan today!
₹40 Lakh Business Loan EMI Calculator
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EMI Amount = *
Interest Rate and Charges for Business Loan
We ensure complete transparency in our loan terms, enabling you to make an informed decision when applying for a loan. To further assist you, we have listed the interest rate and applicable charges on our ₹40 Lakh Business Loan in the table below:
| Rate of Interest | 15% to 28% p.a.* |
| Processing Fees | Up to 3% plus applicable taxes |
| Repayment Instrument Dishonour Charges | ₹500 per bounce plus applicable taxes |
| Default Interest | 2% per month |
| Loan Amount | ₹5 Lakh to ₹75 Lakh |
| Lowest EMI per Month | Starting from ₹2,783* per Lakh for 48 months |
| Loan Tenure | 6 to 48 months |
| Prepayment/Foreclosure Charges | 5% on principle outstanding plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
₹40 Lakh Business Loan EMI for up to 3 Years
The applicable interest rate, the loan amount, and the loan tenure can determine your loan EMI. Our Business Loan EMI calculator can help you determine your loan EMI. All you must do is enter the required values to calculate the approximate EMI value as well as the repayment schedule.
You can find the EMI amount for a ₹40 Lakh Business Loan for up to 3 years in the following table:
| Tenure | Approximate EMI at 15% Interest Rate |
| 2 Years | ₹3,61,033*/month |
| 2 Years | ₹1,93,947*/month |
| 3 Years | ₹1,38,661*/month |
₹40 Lakh Business Loan Eligibility Criteria
To apply for a ₹40 Lakh loan for business from Poonawalla Fincorp, you must meet the following eligibility criteria:
Age
Business Vintage
Annual Turnover
- Age: 24-65 years
- Business Vintage: At least 2 years
- Annual Turnover: Minimum ₹6 Lakh
If you fulfil our loan eligibility criteria, you can proceed with the application process. Make sure to prepare the documents mentioned below before you apply.
Documents Required for ₹40 Lakh Business Loan
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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
Once you upload and submit the above-mentioned documents with your loan application, they will be assessed and verified by our representatives. After successful verification, the approved loan amount will be disbursed to your bank account.
Features and Benefits for ₹40 Lakh Business Loan
Poonawalla Fincorp’s ₹40 Lakh Business Loan comes with a host of different features and benefits, such as:
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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 ₹75 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 ₹40 Lakh Business Loan within 5 Minutes
Apply
Online
Apply Online
Click on Apply Now and enter your contact details.
Business
Details
Business Details
Enter your annual business turnover and other business details.
Verification
Verification
The application will then proceed for verification and assessment
Frequently Asked Questions
Yes, you can apply for a ₹40 Lakh loan for business from Poonawalla Fincorp at favourable terms.
The EMI amount for a ₹40 Lakh Business Loan can be determined as per the loan amount, the repayment tenure, and the interest rate. You can enter these details when using our Business Loan EMI calculator and calculate the approximate EMI value you will be repaying over the specified loan tenure.
Select the ‘Business Loan’ tab on our website and click ‘Apply Now’. Follow the steps mentioned above to apply for the loan instantly.
*Terms & Conditions Apply
