features and benefits of business loan

Unsecured Business LoanReach a new milestone

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

Business Loan Features & Benefits

High-value Sanction | Flexible Repayment | 100% Transparency

Running a business successfully is a capital-intensive task. All enterprises incur a variety of expenses that must be made on time to ensure business operations. Having easy access to capital can make all the difference, especially when capitalising on market opportunities.

We understand these needs, and offer the Poonawalla Fincorp Business Loan as a viable solution for all entrepreneurs looking to stay competitive. Borrowers enjoy myriad of cost-effective benefits while taking a business loan.

Benefits of Loan Higher loan disbursal amounts
Business expenditures and working capital require sufficient finance. With our business loan, you can access capital up to Rs.30 lakh and fund any business-related expense without compromise.
Loan Disbursal Faster and smooth disbursal
The Poonawalla Fincorp Business Loan is designed to suit your busy lifestyle and schedule. We offer quick loans online, ensuring you have a hassle-free experience whenever you need funds for your business. This is a key advantage of business loans, and we ensure a quick turnaround time to minimise delays.
Collateral free loan Collateral-free loans
Our business loan is an unsecured offering, making it time-efficient and less risky to avail. You can access capital easily without the need to pledge any business or personal assets. In times of crisis or when faced with a cash crunch, you don’t have to liquidate your assets to get business financing.
Interest Rates Competitive interest rates
When you opt for the Poonawalla Fincorp Business Loan, you enjoy a competitive interest rate. Among the many business loan features, this provision makes our offering a cost-effective solution that you can rely on to maximise revenue.
Document Required Logo Simplified documentation process
To minimise delays altogether and speed up loan processing, we only require you to submit basic business loan documents. This feature complements the ease of availing capital with Poonawalla Fincorp and offers you a swift and simple solution.
Loan Repayment Logo Extended loan tenure
Loan EMIs should never strain working capital reserves or cause you to dip into profits. With our business loan, you don’t have to worry about this as you can opt for a flexible tenure ranging up to 36 months. This helps you tailor repayment optimally based on your business’ cash flow.
Loan Approval Logo Quick approvals
Delays, especially because of a lack of funding, can affect profits or cause losses in business. To ensure you never face this problem, we offer quick approvals on our business loan. Thanks to the online loan applications and processing provision, you can get an instant business loan.
No Hidden Charges Logo No hidden costs.
There are no concealed or hidden charges or costs applicable on the Poonawalla Fincorp Business Loan. We maintain complete transparency in all loan dealings and highly value our relationship with all borrowers.
Easy Process logo Convenience of online process
Get access to capital digitally and from the convenience of your home or office. Apply online in just 5 simple steps, get instant approval, and have the funds credited to your account without any delays.
    You can use the business loan for business growth or to meet short-term needs of your enterprise. Some of the smart ways to use this business loan are as follows.
  • Manage operational costs
  • Bolster working capital
  • Upgrade, maintain, repair, or purchase new machinery, software, and other assets
  • Improve business infrastructure
  • Hire trained, skilled staff
  • Expand to newer markets
  • Adopt new marketing or sales strategies
  • Restock inventory
  • Diversify your product/service portfolio
  • Take your business online
  • Step 1: Click on the ‘Apply Now’ button on our website.
  • Step 2: Enter basic KYC details and upload the required documents.
  • Step 3: Await application assessment and verification.
  • Step 4: Receive confirmation on approval.
  • Step 5: Approve the business loan offer and authorise disbursal.

When should I take a business loan?
Ideally, the best time to take a business loan is when you require capital to grow your business, tide over seasonal slumps, or address urgent expenses. Depending on the enterprise, this could be for various purposes including, and not limited to, business growth, expansion or short term cash flow mismatch.

What are the benefits of a business loan?
Depending on the lender, there can be several benefits available to you. With the Poonawalla Fincorp Business Loan, you enjoy all the benefits of small business loans combined with flexible repayment plans. This is also an unsecured loan, and you can apply for it online, within a few minutes.

Are there any exclusive Poonawalla Fincorp Business Loan benefits?
The Poonawalla Fincorp Business Loan offers a high-value sanction of up Rs.30 lakh with no hidden costs at a competitive interest rate. Other perks include other online provisions, replete with online application and management, a digital EMI calculator, and fast disbursal.

What is a flexible loan tenure?
This is a loan feature that allows you to choose a repayment tenure that ranges up to 36 months. The flexible nature enables you to find suitable EMIs, and allows you to tailor loan payments to suit the business’ cash flow capabilities.

How much capital can I access with the Poonawalla Fincorp Business Loan?
The Poonawalla Fincorp Business Loan offers capital up to Rs.30 lakh. The amount you can avail depends on your financial and credit profile.

Interest Rate

APR ranging from 15% to 26% | One-time Processing Fee up to 2% plus taxes.

Repayment

Flexible repayment tenure from 1 year to 3 years with pre-payment charges of 5% on principal outstanding plus applicable taxes.

Example

Loan Amount Rs.10 lakh, Interest Rate: 15%, Tenure: 3 years, equates to EMI of Rs. 34,665 per month.

This rate of interest is prone to fluctuation basis our internal credit and risk policy, and as per an algorithmic multivariate score card.
*T&C Apply

Apply for Business Loan Online in 5 Easy Steps Arrow Logo

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Apply
Online

Apply Online

Visit the application form and fill in the details.

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Submit
Documents

Submit Documents

Provide your KYC and Income documents.

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Verification

Verification

The application is then processed for loan verification

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Quick
Approval

Quick Approval

Get your loan approval in quick TAT

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Instant
Disbursed

Instant Disbursed

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

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How to manage cash flow in business?

The key to a sustainable business is its financial and cash flow management! Your working capital helps you define a realistic business growth plan, goals and grab the opportunities on your way. Whether you want to scale up the operations, expand the existing structure, purchase state-of-the-art machines and equipment, or need help in maintaining your day-to-day capital, cash flows management plays a crucial rule for all of them.

Loan Against Property
Advantages of Loan Against Property

A Loan against property is a secured loan granted when you offer your existing residential or commercial property as collateral. These loans are sanctioned by housing finance companies and banks, usually at a lower rate of interest than other traditional forms of loans.

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