Get Business Loan of ₹50 Lakh with No Collateral
Poonawalla Fincorp offers ₹50 Lakh Business Loan that can help you meet your various financial requirements related to your business. Applying for ₹50 Lakh Business Loan is easy and can be done in just a few clicks. With a competitive interest rate, this entrepreneur-focused Business Loan can assist you in meeting any financial requirements related to working capital, expanding business operations, purchasing machinery or inventory, or consolidating your existing high-interest loans.
₹50 Lakh Business Loan EMI Calculator
-
EMI Amount = *
Interest Rate and Charges for Business Loan
Our ₹50 Lakh Business Loan interest rate starts at 15% p.a. with no hidden fees. 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 | |
₹50 Lakh Business Loan EMI for up to 3 Years
If you wish to get a ₹50 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 ₹50 Lakh Business Loan EMIs for four years.
| Tenure | Approximate EMI at 15% Interest Rate |
| 2 Years | ₹242,433/month |
| 3 Years | ₹173,327/month |
₹50 Lakh Business Loan Eligibility Criteria
Our Business Loan eligibility requirements at Poonawalla Fincorp are easy to meet and specially designed to help you save time while getting quick approval. Our eligibility criteria include:
Age
Annual turnover
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.
Documents Required for ₹50 Lakh Business Loan
Our documentation requirements for a Business Loan of ₹50 lakh are minimal. You will only need to provide the following documents:
-
KYC Documents
-
Business Address Proof
-
Financial Documents
- KYC Documents: Government-issued ID such as PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport.
- Business Address Proof: Rent agreement, utility bills, or passport.
- Financial Documents: Bank statement of the past six months.
Please note: This list is indicative, and the actual list of documents will depend on your profile, requirements and Poonawalla Fincorp’s policy at the time of application.
Features and Benefits for ₹50 Lakh Business Loan
Poonawalla Fincorp's ₹50 Lakh Business Loan offers various features and benefits that cater to specific financial requirements of businesses.
-
Business Loan without any security or collateral
-
Minimal documentation
-
Instant approval and disbursal
-
Competitive Business Loan interest rate
-
Sizeble sanction up to ₹50 Lakh
-
Hassle-free, online application provision
-
Flexible tenure of up to 48 months
-
Fulfil urgent Business Loan requirements
Apply for ₹50 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
You can get ₹50 lakh Business Loan from Poonawalla Fincorp once you meet minimal eligibility requirements and submit minimal documentation.
The EMI for ₹50 lakh Business Loan is ₹451,292.
You can get ₹50 lakh Business Loan immediately by applying online. Please make sure you meet all the required eligibility criteria and submit all documents.
*Terms & Conditions Apply
