business loan in bangalore

Business Loan in Bangalore

Loan up to 50 Lakhs | Low Interest Rates | Quick Disbursal | Easy to Apply

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).

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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 Business Loan services can help you with the required funds. Our Business Loans, let you enjoy various benefits like competitive interest rate, flexible tenure, minimal documentation process, and more.

We also offer personalized and easy to apply unsecured Business Loans in Bangalore that are specifically created for small business needs.

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Poonawalla Fincorp is one the leading NBFCs offers attractive interest rate for business who are looking for Business Loans. Bangalore is one of the fastest growing cities in India supporting various business especially small businesses. Poonawalla Fincorp offers attractive interest rate for all types of Business Loan including small business loan in Bangalore. There are various lenders offering different interest rates. Factors such as loan tenure, credit score, borrowing amount, revenue of the business influences your interest rate.

Types of fee Applicable Charges
Rate of interest 15% to 28% p.a.*
Processing fees Up to 3% plus applicable taxes
Bounce charges ₹1,000 per bounce plus applicable taxes
Late Payment Charges 3% per month
Loan Amount ₹1 Lakh to ₹50 Lakhs
Lowest EMI per month Starting from ₹3,467* per Lakh for 36 months
Loan Tenure 12 - 36 months
Prepayment/Foreclosure Charges Zero*
Stamp Duty At actuals (as per state)
Penal Interest 3% monthly on the defaulted EMI amount

Qualifying for a new 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 Bangalore with simple eligibility requirements.

Below are our eligibility criteria for Business Loans in Bangalore:

Age Requirement

Age

22 to 65 years (during loan maturity)

Citizenship Status

Nationality

Indian

Work Experience Required

Business Vintage*

At least two years

Monthly Salary Required

Annual turnover

More than ₹9 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.

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:

  • KYC Documents

    PAN Card or Director/Proprietor PAN Card

  • Income Proof

    Business Address Proof (Rent Agreement/Utility Bill)

  • Address Proof

    Proof of Address (Aadhar Card/Voter ID Card/Passport)

  • Financial Documents

    Financial documents (Bank statements/IT Returns)

Note: This list of documents is indicative. We may need some additional documents during loan processing.

  • high loan amounts of up to ₹50 Lakh

    Unsecured Business Loans in Bangalore with high loan amounts of up to ₹50 Lakh

  • Attractive and competitive interest rate

    Attractive and competitive interest rate

  • Instant disbursal loan

    Flexible repayment tenure option of up to 36 months

  • Simple and minimal documentation

    Simple and minimal documentation for a hassle-free loan application process

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Apply Online

Click on Apply Now and enter your contact details.

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Business
Details

Business Details

Enter your annual business turnover and other business details.

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Verification

Verification

The application will then proceed for verification and assessment

How to Get a MSME/Business Loan in Bangalore?

SME/MSME loan is a type of unsecured business loans in Bangalore. You can get SME/MSME Loans in Bangalore by following the below steps:

  • Step 1: Visit www.poonawallafincorp.com and go to the Business Loan section
  • Step 2: Click on ‘Apply Now’
  • Step 3: Fill up the loan application form
  • Step 4: Enter basic details for KYC
  • Step 5: Await verification and application assessment
  • Step 6: Receive confirmation on successful loan approval
  • Step 7: Approve and authorize loan amount disbursal

What is the significance of Bangalore to us? We help small and medium sized businesses expand their reach by providing simple, and unsecured Business Loans in Bangalore to fulfil their working capital and expansion requirements. Small businesses and entrepreneurs can benefit from these Business Loans in Bangalore.

Thanks to analytics driven algorithms, and technology that Poonawalla Fincorp utilizes to evaluate and disburse loans, the process is done quickly.

Poonawalla Fincorp Limited
Address: 2nd Floor, HM J.C.Road, 36 J.C.Road, Near Minerva Circle, Bangalore-560 002, Karnataka
Contact Number: 1800-266-3201 (Toll Free)
Timing: 10 am – 6 pm

*Terms & Conditions Apply

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