Financial support to achieve your entrepreneurial goals!
Acclaimed as the Silicon Valley of India and Karnataka's capital city, Bangalore is the most sought-after cosmopolitan city amongst professionals and businesses. It is blessed with a lovely climate, natural landscapes, a thriving start-up ecosystem, and limitless business opportunities.
Bangalore is one of the fastest growing and most vibrant cities in India, with a diverse population. It is also home to some prestigious educational institutions like The Indian Institute of Science (IISc), Indian Institute of Management – Bangalore (IIMB), The National Institute of Design (NID), and The National Law School of India University (NLSIU).
What’s more, this dynamic city is also home to some of the world's major IT corporations. All these factors make Bangalore an excellent location for small businesses and entrepreneurs. Hence, if you’re planning to expand your business in the city, you can apply for our quick and easy to apply Business Loans in Bangalore.
At Poonawalla Fincorp, we believe that a lack of fund should never hold you back from making the maximum profit from your business. If you are an entrepreneur who needs fund to grow or expand their business in Bangalore, then our quick loan for business can help you with the required funds. Our loans let you enjoy various benefits like competitive interest rate, flexible tenure, minimal documentation process, and more.
We also offer personalized business financing that is specifically created for small business needs.
Business Loan EMI Calculator
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Business Loan Interest Rates
We are one the leading NBFCs offers attractive interest rate for business who are looking for business financing. Bangalore is one of the fastest growing cities in India supporting various business especially small businesses. We offer attractive interest rates for all types of loans for business. Factors such as loan tenure, credit score, borrowing amount, revenue of the business influence your interest rate.
| Types of fee | Applicable Charges |
| Rate of interest | 15% to 28% p.a.* |
| Processing fees | Up to 3% plus applicable taxes |
| Repayment Instrument Dishonour Charges | ₹500 per bounce plus applicable taxes |
| Default Interest | 2% per month |
| Loan Amount | ₹5 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 | 5% on principle outstanding plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| Penal Interest | 2% monthly on the defaulted EMI amount |
Eligibility Criteria of Business Loan
Qualifying for a new loan with us is simple. Our loan requirements are designed to save time for borrowers when applying for a loan. To ensure you have a smooth experience during loan processing, we offer loans for business with simple eligibility requirements.
Below are our eligibility criteria for business financing:
Age
22 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 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
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 us, you can access quick financing for your business with minimum documentation.
Below is the list of required documents for business financing:
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PAN Card or Director/Proprietor PAN Card
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Business Address Proof (Rent Agreement/Utility Bill/PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport)
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Proof of Address (PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport)
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Financial documents (Bank statements/IT Returns)
Note: This list of documents is indicative. We may need some additional documents during loan processing.
Benefits of Taking a Business Loan
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Unsecured Business Loans in Bangalore with high loan amounts of up to ₹50 Lakh
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Attractive and competitive interest rate
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Flexible repayment tenure option of up to 48 months
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Simple and minimal documentation for a hassle-free loan application process
Apply for Instant Business Loan within 5 Minutes
Apply
Online
Apply Online
Click on Apply Now and enter your contact details.
Business
Details
Business Details
Enter your annual business turnover and other business details.
Verification
Verification
The application will then proceed for verification and assessment
Frequently Asked Questions
SME/MSME loan is a type of unsecured loan for business. You can avail it by following the below steps:
- Step 1: Click on ‘Apply Now’
- Step 2: Fill up the loan application form
- Step 3: Enter basic details for KYC
- Step 4: Await verification and application assessment
- Step 5: Receive confirmation on successful loan approval
- Step 6: Approve and authorize loan amount disbursal
We help small and medium sized businesses expand their reach by providing simple, and unsecured loan for business in Bangalore to fulfil their working capital and expansion requirements. Entrepreneurs can benefit from these loans.
Thanks to analytics driven algorithms, and technology that we utilize to evaluate and disburse loans, the process is done quickly.
Poonawalla Fincorp Limited
Address: Ground Floor, Phoenix Citadel ,Castle Street, Richmond Town, Bangalore, Karnataka-560025
Address: 2nd Floor, HM Tower, J. C. Road, Minerva Circle, Bengaluru, Karnataka - 560002
Contact Number: 1800-266-3201 (Toll Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)
*Terms & Conditions Apply
