What is the rate of interest and processing fee on commercial loans?
Interest rate is an important factor when it comes to business loans taken for commercial purposes. A business owner applies for a commercial loan for short-term financial assistance. A lender like Poonawalla Fincorp has a very competitive interest rate, which is among the best. Our commercial loan interest rate starts from just 15%* per annum. A processing fee is levied by a lender to cover the cost of processing an application. We have a very reasonable processing fee which is up to 3%* of the loan amount plus taxes. You can apply for a commercial loan in our Business Loan category. There are various types of Business Loans that Poonawalla Fincorp offers such as Business Loans for Working Capital, Business Loans for MSME, Business Loans for Proprietorship, and Business Loans for Women.