Finance Business Needs With a Shopkeeper Loan
Scaling up a shop or small business in India requires timely funding to meet business goals. Whether it's for working capital, shop renovation, refurnishing, or purchasing equipment, securing quick financing is imperative for small business owners, dukandars and kirana store owners.
Get quick access to funds with a collateral-free business loan for shop of up to ₹10 Lakh from Poonawalla Fincorp. With an online application process and minimal documentation, get swift approval at competitive rates. Enjoy benefits like flexible repayment tenure and no hidden charges.
EMI Calculator for Loan on Shop
Estimate the monthly EMI amount with our user-friendly Business Loan EMI calculator. Simply slide the bars to select your desired loan amount, interest rate and loan period below. The estimated monthly payable amount is displayed automatically. Calculate now!
Why Choose Poonawalla Fincorp
No Collateral Required
Competitive Interest Rate
MinimalDocumentation
Swift Approval
FlexibleTenure
No HiddenCharges
Apply for a Shop Loan 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, residential and business details.
Upload Documents
On successful verification, the loan amount will be disbursed into your bank account.
On successful verification, the loan amount will be disbursed into your bank account instantly.
Meet the simple eligibility criteria:
- Age: Between 24 and 65 years.
- Citizenship: Indian.
- Business Vintage: At least 3 years.
Submit just the essential documents:
- KYC Documents: PAN card, Aadhaar card
- Business Proof: Udhyam Certificate, GST Certificate, Shop and Establishment Registration
- Bank Statement: Of the previous months
The interest rate and charges for a shop loan at Poonawalla Fincorp are tailored to meet your unique business requirements.:
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
Every small business requires affordable financing to operate and scale up consistently. Here are some reasons to get a business loan for retail shops.
- Raise working capital for your shop
- Purchase stock in bulk for festivals or peak season
- Revamp or renovate your retail store
- Expand business infrastructure
- Purchase furniture or equipment
- Expand to a new location or add product lines
- Handle cash flow gaps during the off-season
Any small business in the MSME segment across various industries, including service, manufacturing, traders, and distributors, can get a business loan for shopkeepers.
- Retail shop owners/Dukandars
- Departmental stores
- Kirana stores/Grocery stores
- Specialty stores
- E-commerce retailers
- Dealerships
- Traders
- Distributors
- Franchisees
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Determine the financing needs for the shop
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Fulfil the minimum eligibility criteria
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Submit the necessary documents
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Apply with a good credit score
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.
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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.
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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.
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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.
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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.
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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!
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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.
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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!
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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.
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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.
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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!
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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.
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I am very happy with the service of the company and will recommend everyone to take loan from Poonawalla Fincorp.
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The loan process was quick and transparent. No hidden charges, and the team guided me at every step. Will recommend everyone.
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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.
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No hidden charges, no surprises. The process was clear and smooth from start to finish.
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The team guided me at every step and made the entire experience stress-free, will highly recommend to my friends - rating 10!!!
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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
To get a Business Loan for a kirana store from Poonawalla Fincorp, you must have a minimum business vintage of 36 months. However, as an existing small business owner, you can get a Shop Loan by fulfilling our simple eligibility criteria.
A flexible tenure means you can choose a repayment period between 6 to 36 months based on your convenience and repayment capability.
You can avail up to ₹10 Lakh financing for shops with Poonawalla Fincorp.
Any Indian small business owner within 24 to 65 years of age and having a business vintage of 3 years or more is eligible for a Shop Loan from the nearest branch.
You can apply for a Shop Loan with minimal documents and no security from Poonawalla Fincorp. Simply upload the necessary documents such as KYC documents (PAN card, Aadhar card), business documents (Udhyam/GST certificate, Shop and Establishment registration) and bank statement to complete your online application.
Poonawalla Fincorp offers funds with flexible periods from 6 to 36 months.
The EMI (Equated Monthly Instalment) for a ₹50 lakh shop loan depends on the interest rate and loan tenure. Assuming a 15% per annum interest rate and a 4-year tenure, the EMI would be approximately ₹139,154 per month.
Poonawalla Fincorp levies a nominal processing fee of up to 3% for shop loans.