Loan Amount
Up to ₹75 Lakh
Interest Rate
Starting at 15%* p.a.
Loan Tenure
6-48 months

Apply for an Online ​​​​Business Loan in Bangalore

Bangalore, also known as India’s Silicon Valley, is a vibrant hub for entrepreneurs looking to start their startup journey. If you’re looking for the right push to take your venture forward, a Business Loan can give you the financial support you need without the hassle.

Poonawalla Fincorp empowers entrepreneurs with a quick online Business Loan in Bangalore with fast approvals, competitive interest rates, and easy-to-check eligibility criteria for maximum growth and profitability. Get access to funds when you need them, stay focused on your goals, and keep building your vision without any delays. Apply now! 

Why Choose Poonawalla Fincorp

High Loan
Amount
Collateral-free
Loan
Competitive
Interest Rate
Minimal
Documentation
Quick
Approval
Flexible
Repayment Tenure

Business Loan EMI Calculator

Calculate monthly instalments of your Business Loan in Bangalore using our online EMI calculator. Just enter your Business Loan interest rate, amount, and tenure. Try it now!

Optimise Your Business Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Interest Rate

%
15%
30%

Tenure

Months
6 Months
48 Months

Apply for a Business Loan Online in Just 3 Steps

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Click on "Apply Now”

Tap the "Apply Now" button to initiate your application.

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Enter Details

Enter your DOB, PAN card number, monthly income, and residential details.

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Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Business Loan in Bangalore

Meet our simple eligibility criteria to apply:

  • Age: Between 24 and 65 years.
  • Citizenship: Indian.
  • Business Vintage: At least 2 years.
  • Annual Turnover: Minimum of ₹6 Lakh.

Documents Required for Business Loan in Bangalore

Submit only a few mandatory documents as part of the Business Loan eligibility criteria:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about the details for availing a business loan in Bangalore.

Interest Rate and Charges of a Business Loan in Banglaore

Get Business Loan at competitive interest rate and transparent charges:

Interest Rate
15%* p.a. onwards
Loan Amount
₹5 Lakh to ₹75 Lakh
Processing Fees
Up to 3.5%
Lowest EMI Per Month
Starting from ₹13,915* per Lakh for 48 months
Loan Tenure
6-48 months
Prepayment/Foreclosure Charges
Up to First 6 EMIs: 6% on principal outstanding + taxes

After 6 EMIs: 5% on principal outstanding + taxes
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500 per bounce plus applicable taxes
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

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

*T&C Apply

Different Uses of a Business Loan in Bangalore

  • Business expansion for small businesses
  • Improvement of existing business set-up
  • Consolidating high-interest business debts
  • Boosting working capital reserves
  • Expand your workforce with minimum documentation

Who Can Get a Business Loan

  • Retailers 
  • Manufacturers 
  • Women entrepreneurs 
  • MSMEs 
  • Partnership firms 
  • LLC 

Tips for a Successful Business Loan Application

  • Understand your business needs
  • Check your credit history and CIBIL score
  • Have a detailed business plan
  • Organise your financial statements

Poonawalla Fincorp Branch Address in Bangalore

Poonawalla Fincorp Limited

Address 1:  2nd Floor, HM Tower, J. C. Road, Minerva Circle, Bengaluru, Karnataka - 560002

Address 2: Ground Floor, Phoenix Citadel, Castle Street, Richmond Town, Bangalore, Karnataka-560025

Contact Number: 1800-266-3201 (Toll Free)

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

What is a Business Loan?

A Business Loan provides essential funding to support various business needs like working capital, expansion, and marketing. It offers quick approvals, minimal paperwork, and competitive interest rates. Ideal for small and medium enterprises that are aiming to grow and manage operations efficiently.

When should I take out a Business Loan?

Any time can be right to take a Business Loan, especially when looking to manage working capital, buy machinery, expand operations, or invest in growth. To meet the Business Loan requirements, your business should be at least 2 years old. If you want to apply for a Business Loan in Bangalore, make sure you meet the basic requirements for a smooth process.

What is a flexible Business Loan tenure?

Poonawalla Fincorp provides unsecured business loans with a repayment tenure between 6 to 48 months based on your financial comfort and business needs. This option is ideal for small businesses, medium enterprises, and self-employed professionals looking for convenient repayment terms.

How much capital can I access with a Bangalore Business Loan?

Poonawalla Fincorp provides Business Loan amount of up to ₹75 Lakh. The loan amount depends on various factors such as your company’s financials, credit profile, and overall eligibility. Choose an amount that suits your business needs and growth plans.

How to get a business loan in Bangalore?

Apply for a Business Loan from Poonawalla Fincorp in just 3 steps:

Step 1: Click on ‘Apply Now’.

Step 2: Upload the required documents.

Step 3: Get funds in your bank account.

Upon successful verification, the loan amount will be credited to your bank account.

 

What is the minimum CIBIL score required for a Business Loan?

To apply for a Business Loan, a minimum CIBIL score of 700 is generally preferred. A higher score improves your chances of getting better interest rates and faster approval. Lenders also consider other factors like business turnover, cash flow, and financial statements.

How can a small business apply for a Business Loan?

Small businesses can easily apply for a Business Loan in Bangalore by filling out an application form and submitting the required documents like bank account statements, PAN card, and address proof. It’s important to check the business loan eligibility and ensure your business has been operating for at least 2 years.

Can I get a business loan without collateral in Bangalore?

Yes, you can opt for unsecured Business Loans in Bangalore, which means no collateral is required. These loans are ideal for businesses that meet the minimum requirements and have a solid credit profile. Poonawalla Fincorp offers quick and hassle-free MSME Business Loan options with minimal documentation.

How can I know the EMI for my loan?

You can calculate your monthly EMI using our online EMI calculator. Just enter your loan amount, tenure, and applicable Business Loan interest rate to get an estimate. Our online EMI calculator helps you plan repayments better and ensures your business loan fits within your financial capacity.

Do loans for women entrepreneurs offer special benefits?

Loans for women entrepreneurs offer additional features and benefits to support their business growth. These may include attractive interest rates, flexible repayment options, and exclusive schemes designed to empower women-led businesses.

Will taking a Business Loan affect my CIBIL score?

Yes, taking a Business Loan can impact your CIBIL score. Regular EMI payments help maintain or improve your score, while missed payments may lower it. Managing business expenses responsibly and repaying on time is key to a healthy credit profile.

What are the documents required for a Business loan in Bangalore?

Most lenders require KYC documents such as ID proof and address proof for business loan applications.