Get a Business Loan Online
Empower your business and take it to new heights with Poonawalla Fincorp's hassle-free Business Loan. Avail of tailored business financing solutions for working capital requirements, business expansion, purchasing machinery or inventory, debt consolidation, etc. From filling out the form to getting disbursal, get complete assistance and guidance throughout the process. Enjoy a streamlined disbursement process that promises a hassle-free borrowing experience. Apply now!
Why Choose Poonawalla Fincorp
Business Loan EMI Calculator
Plan your loan repayments with our Business Loan EMI calculator. Strategically map out your EMIs, ensuring you are on track with your monthly budget goals. Try now!
Apply for a Business Loan Online in Just 3 Steps
Click on "Apply Now”
Tap the "Apply Now" button to initiate your application.
Enter Details
Enter your DOB, PAN card number, monthly income, and residential details.
Upload Documents
Upload the necessary documents for quicker approval.
On successful verification, the loan amount will be disbursed into your bank account instantly.
Eligibility Criteria for a Business Loan
Fulfil our simple business loan eligibility criteria to qualify for a loan:
- Age: Between 24 and 65 years.
- Citizenship: Indian.
- Business Vintage: Minimum business vintage of 2 years.
- Annual Turnover: Minimum annual turnover of ₹6 Lakh.
Documents Required for a Business Loan
Say goodbye to hefty paperwork. Submit only the following essential documents required for a Business Loan:
- KYC Documents
- Business Address Proof
- Financial Documents
Click to know more about the documentation in detail.
Interest Rate and Charges of a Business Loan
Get a Business Loan at competitive interest rate and minimal charges:
After 6 EMIs: 5% on principal outstanding + taxes
Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf
*T&C Apply
Different Uses of a Business Loan
- Business expansion or diversification
- Debt consolidation
- Working capital requirements
- Workforce expansion
- Purchasing inventory
- Buying machinery, equipment, or software
Happy Customers, Happy Us
I run a chain of pharmacy stores with 5 branches in Pune. With the growing popularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficult for me to hire delivery persons. With Poonawalla Fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan application process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operation seamlessly.
Business Loan
The interest rates were fair and competitive, making it easy to manage cash flow for me. The process was smooth with the service and giving a rating of 10.
Business Loan
I was hesitant at first, but the team explained everything clearly and made me feel confident. The loan helped me manage working capital and grow my business steadily.
Business Loan
I was impressed by how quickly my business loan was processed. The team was extremely helpful and guided me through every step. Thanks to their support, I was able to expand my operations without any hasstle.
Business Loan
The loan process was incredibly smooth, and the team was always available to answer my queries. With the funds, I was able to renovate my store and attract more customers. Truly grateful.
Business Loan
Getting a business loan felt daunting at first, but the entire experience was smooth and transparent. The loan helped me purchase new equipment and increase production. Highly recommend their services!
Business Loan
Excellent service and prompt communication. The loan process was seamless, and the funds were disbursed faster than expected. It’s great to work with professionals who understand business needs.
Business Loan
I needed quick funding to stock up for the festive season, and the business loan came just in time. The Credit Manager was proactive and ensured everything was done on priority. Excellent service!
Business Loan
Thanks to the business loan, I was able to open a second outlet. The team was very supportive and explained all terms clearly. I appreciate the personalized attention I received.
Business Loan
I’ve taken loans before, but this was by far the most professional experience. The documentation was minimal, and the disbursement was fast. I’ll definitely recommend them to fellow entrepreneurs.
Business Loan
The loan helped me bridge a critical cash flow gap during the festive season. The team was approachable and ensured everything was handled efficiently. Great experience!
Business Loan
The business loan helped me hire skilled staff and improved my business. The support from the credit team was outstanding. They understood my business and offered the right solution.
Business Loan
I am very happy with the service of the company and will recommend everyone to take loan from Poonawalla Fincorp.
Business Loan
The loan process was quick and transparent. No hidden charges, and the team guided me at every step. Will recommend everyone.
Business Loan
They didn’t just give me a loan—they gave me peace of mind during a tough time, Happy with the service of Poonawalla Fincorp.
Business Loan
No hidden charges, no surprises. The process was clear and smooth from start to finish.
Business Loan
The team guided me at every step and made the entire experience stress-free, will highly recommend to my friends - rating 10!!!
Business Loan
They tailored the loan to fit my business model. Truly customer-focused and satisfying service given by Poonawalla Fincorp, Highly Recommended!!!
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Frequently Asked Questions
A Business Loan is a source of business financing that offers funds to fulfil all your business needs, such as working capital requirements, funds for scaling up operations, inventory management, launching new products, spending on marketing, etc.
Any time is good to take out a loan for a business. However, you must have a minimum business of 2 years. You can take a Business Loan when you need financial support for various business purposes.
A Business Loan allows you to expand your business operations, fulfil working capital requirements, buy new machinery and equipment, etc. Taking this loan from Poonawalla Fincorp has various benefits like attractive interest rates, flexible repayment tenure, minimal document requirements, and a hassle-free application process.
Flexible loan tenure is one of the features of a Business Loan from Poonawalla Fincorp. It provides you with the benefits of choosing from a loan repayment tenure that ranges between 6 to 48 months as per your financial comfort.
You can secure a high loan amount of up to ₹75 Lakh with our Business Loan. The amount you can avail depends on you and your company’s financial and credit profile.
You only need to furnish a few essential documents to apply for a Business Loan with Poonawalla Fincorp. These include your KYC documents, business address proof and your financial documents.
A good CIBIL score of 750 or higher is generally required for a Business Loan. Higher CIBIL score proves your creditworthiness and makes you eligible for better borrowing terms.
While the eligibility criteria for a Business Loan may vary from lender to lender, in general, you must be an Indian citizen between 24 to 65 years of age having a minimum business vintage of 2 years and an annual turnover of at least 6 Lakhs.
Poonawalla Fincorp offers a wide variety of business loans tailored to meet your unique business needs such as MSME loans, commercial vehicle loans, shopkeeper loans, working capital loans, small business loans etc.
With a 100% digital process and minimum documentation, approvals for a Business Loan are given almost instantly provided that you meet the complete eligibility criteria and submit all documents required.
Apply for a Business Loan from Poonawalla Fincorp in just 3 steps:
Step 1: Click on ‘Apply Now’.
Step 2: Upload the required documents.
Step 3: Get funds in your bank account.
On successful verification, the loan amount will be disbursed into your bank account.