Small business loans

Retail Business Loan

Loan amount | Quick Disbursal | Competitive interest rates

From re-filling stocks and paying staff salaries to expansion, retail businesses need funds for smoothly carrying out operations. Further, the inability to access finance at the right time, especially when there is a crunch, can negatively impact the business.

Poonawalla Fincorp’s Business Loans for Retail Shops ensure that retail businesses get quick access to finance to meet any short-term financial needs. Our favourable loan terms such as competitive interest rates, zero foreclosure, flexible payment schedule, and quick approval can provide retail businesses a much-needed boost to thrive and expand.

Reasons for Taking Business Loan for Retail Shops

  • Expanding business to a new location logo

    Expanding business to a new location

  • Purchasing inventory logo

    Purchasing inventory

  • Revamping the store logo

    Revamping the store

  • Renovating the shop logo

    Renovating the shop

  • Buying new furniture logo

    Buying new furniture

  • Meeting expenses such as rent, staff salary logo

    Meeting expenses such as rent, staff salary, etc.

  • Marketing and Advertising logo

    Marketing and Advertising

Types of fee Applicable Charges
Rate of interest 15% to 28% p.a.*
Processing fees Up to 3% plus applicable taxes
Repayment Instrument Dishonor Charges ₹500 per bounce plus applicable taxes
Default Interest 2% per month
Loan Amount ₹1 Lakh to ₹50 Lakh
Lowest EMI per month Starting from ₹2,783* per Lakh for 48 months
Loan Tenure 6 - 48 months
Prepayment/Foreclosure Charges 0%* If paid from own sources & 4% If paid from other sources
Stamp Duty At actuals (as per state)
Penal Interest 2% monthly on the defaulted EMI amount

Our eligibility criteria for a Business Loan for Retail Shop are simple. Some of the conditions are as follows-

Age Requirement


Citizenship Status


Work Experience Required

Business in operation

Monthly Salary Required

Business turnover

  • Age: Between 22 and 57 years.
  • Citizenship: The applicant must be an Indian citizen.
  • Business in operation: Have a business in operation for a minimum of 2 years.
  • Business turnover: Business turnover should be ₹6 lakh or more.

Do note the above-mentioned eligibility criteria is indicative. Additional criteria may be considered during loan processing.

Our motto is to facilitate retail shop owners with quick and easy finance. Therefore, you need to submit minimal documents as listed below:

  • Income Proof

    Address Proof (PAN Card/Aadhaar Card/Voter ID/Driving Licence/Passport)

  • Address Proof

    Address Proof for the place of business (Rent agreement/ Electricity, water bills, etc)

  • Financial Documents

    Financial documents (Six months Bank Statement)

  • Proprietor/ Partner / Director PAN Card/ Company PAN Card
  • Address Proof (Voter ID/ Aadhaar/ Passport)
  • Address Proof for the place of business (Rent agreement/ Electricity, water bills, etc)
  • Financial documents (Six months Bank Statement)

This is an indicative list. There may be a requirement for additional documents at the time of loan processing.

Poonawalla Fincorp aims to help retail businesses in India flourish with distinct features that can benefit retail business owners in the following ways:

  • high loan amounts of up to ₹50 Lakh

    Up to ₹50 lakh in Business Loans

  • Collateral free

    Collateral-free loan

  • Attractive and competitive interest rate

    Competitive interest rate

  • Instant disbursal loan

    Flexible loan tenure up to 48 months

  • Simple and minimal documentation

    Minimum processing fees

  • Sizable sanction up to ₹50 lakh logo

    Simple eligibility criteria

  • Hassle-free, online application provision logo

    Quick approval and fast disbursals

  • Foreclosure fees logo

    Foreclosure fees

  • No hidden charges logo

    No hidden charges

  • Apply online or offline logo

    Apply online or offline

Up to ₹50 lakh in Business Loans

You can quickly get a loan of up to ₹50 lakh to boost your retail business.

Collateral-free loan

Poonawalla Fincorp’s Business Loan for Retail Shop is an unsecured loan. This implies that you do not need to pledge any assets to get the loan.

Simple eligibility criteria

Our Retail Business Loan offers easy to meet eligibilty criteria to help retail businesses grow rapidly.

Quick approval and fast disbursals

Time is of the essence for retail businesses. Our minimal document requirements ensure quick approval and disbursals.

Competitive interest rates

Starting from 15%, our interest rates are truly competitive in the market.

Flexible loan tenure up to 48 months

You can plan your repayment based on your convenience with our flexible loan tenures.

Foreclosure fees

A small 5% fee + taxes is levied on the outstanding loan amount on loan pre-payment.

Minimum processing fees

Poonawalla Fincorp’s Retail Business Loan has a one-time processing fee starting from 3%. This is applicable on the disbursement and is charged as an administrative fee for handling loan processing.

No hidden charges

We believe in being completely transparent and thus do not levy any hidden fees or charges.

Apply online or offline

Apply from the convenience of your home/shop or reach out to your nearest branch today.

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Apply Online

Click on Apply Now and enter your contact details.

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Document Required Logo

Business Details

Enter your annual business turnover and other business details.

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The application will then proceed for verification and assessment

What is a retail shop loan and for what can I take it?

A retail shop loan is a loan tailored to help retail businesses meet their financial needs over the short term. It helps businesses to ensure smooth, hassle-free functioning.
You can avail of a retail shop loan to meet the operational needs of your business such as buying inventory, paying staff salary, maintaining cash flows, paying off utility bills, and more.

Who can avail of a retail shop loan?

Our interest rates for Proprietorship loans are competitive and affordable. Additionally, we levy a one-time nominal processing fee of 3% on the loan amount plus applicable taxes. It helps us in countering the administrative charges and providing best-in-class services to our customers.

What would be the EMI on my loan?

You can use our online calculator to check how much your EMI would be. Enter the loan details such as loan amount, tenure, and interest rate to know your EMI.

Can you get a loan for a shop?

Yes, you can certainly get a Business Loan for upgrading your shop and maximizing its reach to new customers. Obtaining a Business Loan for a shop allows you to access the necessary funds to cover startup costs, purchase inventory, hire employees, and invest in marketing efforts.

*Terms & Conditions Apply

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