Overview of Business Loan in Assam
Assam is known for its lush tea estates, rich cultural heritage and diverse wildlife. With the growing MSME sector, it is important to have access to funds to upgrade or expand your business. Thanks to a Business Loan in Assam, business owners like you, can now get up to ₹75 Lakhs at competitive interest rates and flexible repayment tenure to fulfil your business requirements. Don’ wait, apply now!
EMI Calculator for a Business Loan in Assam
The EMI calculator for Business Loan in Assam helps you calculate your EMI outgo accurately and in an instant. Enter the loan amount, tenure and interest rate to check your Business Loan EMI.
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EMI Amount = *
Interest Rates and Other Charges
Here are the interest rate and additional charges:
| Types of Fee | Applicable Charges |
| Business Loan Interest Rates | 15% p.a. onwards |
| Loan Amount | ₹5 lakh to ₹75 Lakhs |
| Loan Processing Fees | Up to 3% plus applicable taxes |
| Lowest EMI per month | Starting from ₹2,783* per Lakh for 48 months |
| Loan Tenure | 6 - 48 months |
| Prepayment/Foreclosure Charges |
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| Default Charges | 24% per annum |
| Repayment Instrument Dishonor Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (varies between states). |
| No Other Hidden Charges | |
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.
Business Loan in Assam Eligibility Criteria and Required Documents
Business Loan in Assam Eligibility Criteria
Here are the eligibility criteria for Business Loan in Assam:
- Age: Applicant must be between 24 to 65 years.
- Business Vintage: The business must have been operational for at least 2 years.
- Financial Performance: The business must have a minimum annual turnover of ₹6 Lakh.
Note: The above-mentioned Business Loan eligibility list is indicative. Additional eligibility criteria may be required during loan processing by Poonawalla Fincorp.
Documents Required for Business Loan in Assam
Submit the following documents while applying for our Business Loan in Assam:
| Documents | Requirement |
| KYC Documents |
|
| Business Address Proof | Utility bills/ Rent Agreement |
| Financial Documents | Bank account statement of past 6 months. |
Note: The above-mentioned Business Loan documents list is indicative. Additional documents may be required during loan processing.
Features and Benefits of Business Loan in Assam
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Higher Loan Amount
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Collateral-Free
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Competitive Interest rates
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Minimal Documentation
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Flexible Loan Tenure
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Online Application Process
- Higher Loan Amount: Get up to ₹75 Lakhs.
- Collateral-Free: Avail the loan without pledging any collateral.
- Competitive Interest rates: Get interest starting at 15% p.a.
- Minimal Documentation: Provide business address proof, KYC and financial documents.
- Flexible Loan Tenure: Choose repayment tenure of up to 48 months.
- Online Application Process: Apply online from our official website.
How to Apply for a Business Loan in Assam
Apply for a Business Loan in Assam in 3 simple steps:
- Step 1: Click the "Apply Now" button and enter your contact details
- Step 2: Enter important business information, such as your company's annual turnover
- Step 3: Click "Submit," and the application will be evaluated and verified
Upon successful verification of your application, the approved amount will be credited to your bank account.
Frequently Asked Questions
A credit score of 750 and above is considered satisfactory for getting a Business Loan in Assam.
Open Poonawalla Fincorp EMI calculator. Enter the loan amount, tenure and interest rate. Hit the ‘Calculate’ button to check the EMIs outgo.
Get a Business Loan for expansion and growth of the business, purchasing equipment or assets, renovating the infrastructure of office space, entering into global markets, improving business cash flow and meeting working capital needs.
We offer a higher loan amount of up to ₹75 Lakhs at interest rates starting at 15% per annum. We customise a repayment tenure that aligns with your repayment capabilities. Moreover, with our simple documentation requirements and straightforward eligibility criteria, you experience a seamless loan application process while accessing instant funds upon approval.
Yes, MSEs can avail our Unsecured Business Loan through our instant and seamless application process in under 5 minutes.
No, a Business Loan from Poonawalla Fincorp is unsecured. You do not need to pledge collateral. However, you must meet the eligibility criteria to secure the fund.
Before availing a Business Loan in Assam, keep in mind factors such as repayment terms, interest offered, your credit score and repayment capabilities, business plans, the purpose of the loan and the stability of your business.
*Terms & Conditions Apply
