eligibility and documents required for business loan

Unsecured Business LoanReach a new milestone

Loan up to 30 Lakhs | Attractive Interest Rate | Zero Foreclosure Charges

Business Loan Eligibility & Documentation

Simple Requirements | Minimal Documentation | Time-Efficient

Accessing quick business finance is easy with the Poonawalla Fincorp Business Loan. Business owners need only meet the easy criteria and submit basic business loan documents to get started. Minimal requirements greatly simplify business loan procedure and offer financing without any hassles.

To ensure a smooth experience, be sure to meet all the criteria and submit all the documents required for a new business loan. This will prevent discrepancies in the loan application and will ensure you get approval on your application without any delay.

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Business Loan Eligibility Criteria

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Criteria Requirement
Age Applicants must be between 22 and 62 years of age.
Work Experience Applicants must have business vintage of at least 3 years.
Annual Turnover Applicant’s business must have a minimum annual turnover of Rs.20 lakh.
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Business Loan Documents Required

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Documents Requirement
  • Company PAN Card, Director/Proprietor/ Partner PAN Card, Aadhaar Card, Passport.
  • Proprietor/Partner/Director PAN Card, Aadhaar Card, Electricity Bill/Rent Agreement/Passport.
Business Address Proof
  • Utility bills/ Rent Agreement.
Financial Documents Bank account statement of the past 6 months.

Do note the above-mentioned business loan documents checklist is indicative. Additional documents may be required during loan processing.

What are the eligibility criteria for a business loan?
To qualify for a Poonawalla Fincorp Business Loan, you must be between ages 22 and 62, have business vintage of at least 3 years, and your business must have an annual turnover of at least Rs.20 lakh. These simple criteria make this an ideal credit solution for business owners.

Do I need a good credit score to avail a business loan?
Yes. In order to qualify, you must maintain a good CIBIL score. Usually, the Bureau score required for loan application is at least 650. But, in order to get the best terms on your loan, it is recommended to apply with a Bureau score of 750 or higher.

Does Poonawalla Fincorp offer a business loan with minimum documentation?
Yes. The Poonawalla Fincorp Business Loan has a minimal and easy-to-meet requirements, allowing you to avail capital for business expenses without delay or hassle.

What are the documents required for a business loan?
To successfully prove your new business loan eligibility, you must submit basic KYC, financial documents, and business-related documents. Check the official webpage to know the specific documents needed for a business loan.

Can I access the business loan documents list online?
Yes. To access this list, simply visit the official webpage. Do note that the list mentioned online is indicative and you may be required to furnish additional documents during loan processing, if needed.

Apply for Business Loan Online in 5 Easy Steps Arrow Logo

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Apply Online

Visit the application form and fill in the details.

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Submit Documents

Provide your KYC and Income documents.

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The application is then processed for loan verification

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Quick Approval

Get your loan approval in quick TAT

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Instant Disbursed

That’s it! Loan is credited in your bank account.

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