Business loan in Ahmedabad @15%* Rate - Apply Online Instantly

Overview

Get Business Loan in Ahmedabad

Ahmedabad is one of the fastest-growing cities in India, with a burgeoning industrial and economic base. It offers many advantages for any business to grow. The city has gained prominence as an economic hub, with corporate giants from numerous industries setting up their bases here.

While there are numerous opportunities for expanding business here, securing funds for growing the business can be a major challenge.

At Poonawalla Fincorp, we value your ideas and want business owners and managers to succeed. That’s why we offer personalized Business Loans in Ahmedabad to provide the financial support to put your business plans into action. Our Business Loans come with benefits like low interest rates, minimal documentation process, flexible tenure option, and much more.

Business Loan EMI Calculator

Loan Amount

5,00,000 75,00,000

Interest Rate %

9% 30%

Tenure

6 Months 4 Years

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Business Loan Interest Rates in Ahmedabad

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 Charges	24% per annum
Loan Amount	₹5 lakh to ₹75 Lakhs
Lowest EMI per month	Starting from ₹2,783* per Lakh for 48 months
Loan Tenure	6 - 48 months
Prepayment/Foreclosure Charges	Up to First six (6) EMI’s - 6% on principle outstanding plus applicable taxes. After payment of First six (6) EMI’s - 5% on principle outstanding plus applicable taxes.
Stamp Duty	At actuals (as per state)

Note: Default Charges: Penalty will be charged for non payment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.

Eligibility Criteria of Business Loan in Ahmedabad

Qualifying for a Business Loan with Poonawalla Fincorp is simple. Our loan requirements are designed to save time for borrower when applying for loan. To ensure you have a smooth experience during loan processing, we offer Business Loans in Ahmedabad with simple eligibility requirements.

Age

24 to 65 years
(during loan maturity)

Nationality

Indian

Business Vintage

At least two years

Annual turnover

More than ₹6 Lakh

Below are our eligibility criteria for Business Loans in Ahmedabad:

Age: 24 to 65 years (during loan maturity)
Nationality: Indian
Business Vintage*: At least two years
Annual turnover: More than ₹6 Lakh

*Business vintage determines how long your business has been operating and when it was registered. It is a significant eligibility determinant for procuring an unsecure Business Loans.

*Note: The above-mentioned eligibility criteria are indicative in nature and more information can be asked by Poonawalla Fincorp team during loan processing as per policy.

Required Documents for Business Loan in Ahmedabad

We require applicants to submit only basic documents. You don’t have to worry about time-consuming paperwork and running into funding delays because of it. With Poonawalla Fincorp, you can access quick financing for your business with minimum documentation.

Below is the list of required documents for availing Business Loan in Ahmedabad:

PAN Card or Director/Proprietor PAN Card
Business Address Proof (Rent Agreement/Utility Bill)

Proof of Address (PAN Card/Aadhaar Card/Voter ID Card/Passport/Driving Licence)
Financial documents (Bank statements/IT Returns)

Poonawalla Fincorp Business Loan in Ahmedabad comes with the following benefits

No security or collateral involved
High loan amount of up to ₹75 Lakhs
Competitive interest rate

Flexible repayment tenure
Simple documentation

No security or collateral involved - At Poonawalla Fincorp, we provide unsecured Business Loans in Indore which help you in growing your business. You don’t have to worry about collateral to avail of this loan.
High loan amount of up to ₹75 Lakhs - We provide both MSME/SME Loans in Indore with a high loan amount of up to ₹ 75 Lakhs.
Competitive interest rate - We offer attractive and low interest rates for Business Loans in Indore. You don’t have to look anywhere else for a loan with low interest rates when you apply for a loan with us.
Flexible repayment tenure - At Poonawalla Fincorp, we provide a flexible repayment tenure of up to 48 months, with enough time to pay us back in time.
Simple documentation - We provide loans with minimal documentation so you get a loan with hassle-free processing and quick approvals. You can simply focus on the utilization of money for the growth of your small business through our Business Loan in Indore.