Business Loan in Bihar

Business Loan in Bihar

Up to ₹50 Lakh | Quick Approval | No Hidden Charges

Want a Business Loan in Bihar? You have landed on the right page! Apply for a Business Loan in Bihar with Poonawalla Fincorp and invest in expansion or even renovation to fit the current economic and cultural scenario. Avail of this collateral-free loan with minimal documentation and zero hidden charges. What are you waiting for? Apply now!

Use the Business Loan EMI Calculator to compute EMI outgo. Enter the loan amount, interest rate and tenure and the calculator will instantly display the EMI amount.


Here is a detailed overview of the interest rate and other charges:

Types of Fee Applicable Charges
Business Loan Interest Rates 15% p.a onwards.
Loan Amount ₹1 Lakh to ₹50 Lakh
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 0%* If paid from own sources & 4% If paid from other sources
Default Interest 2% per month
Repayment Instrument Dishonor Charges ₹500 per bounce plus applicable taxes
Stamp Duty At actuals (as per state)
No Other Hidden Charges
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Business Loan in Bihar Eligibility Criteria

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Here are the eligibility criteria for Business Loan in Bihar:

  • 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.

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Documents Required for a Business Loan in Bihar

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Here are the necessary documents required:

Document Category Business Loan in Bihar Documents
KYC Documents
  • Company’s PAN Card/Aadhaar Card/Driving License/Voter ID/Passport, Director/ Proprietor/ Partner PAN Card/Aadhaar Card/Driving License/Voter ID/Passport
  • Proprietor/ Partner/ Director PAN Card/Aadhaar Card/Driving License/Voter ID/Passport, Electricity bill, Rent Agreement.
  • Personal documents- All individuals/ Partners/ Director- PAN Card/Aadhaar Card/Driving License/Voter ID/Passport, officially valid documents, and proof of address
  • Business documents- Business registration proof + Business address proof (if not the same as business registration proof)
Financial Documents Bank account statement for last 6 months
Business Address Proof Utility bills/ Rent agreement

Note: The above-mentioned Business Loan documents list is indicative. Additional documents may be required during loan processing.

  • Easy Eligibility Criteria logo

    High Loan Amount

  • Minimal marriage loan documents required logo


  • Attractive Interest Rates logo

    Competitive Interest Rates

  • High Loan Amounts logo

    Minimal Documentation

  • Flexible Repayment Tenure logo

    Flexible Loan Tenure

  • High Loan Amounts logo

    Online Application Process

  • Higher Loan Amount: Get up to ₹50 Lakh.
  • 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.

Apply for a Business Loan in Bihar in 3 simple steps:

  • Step 1: Click on the ‘Apply Now’.
  • Step 2: Fill out the application form.
  • Step 3: Upload all necessary documents.

Once your loan request is approved, the funds will be disbursed instantly.

Does Poonawalla Fincorp require me to visit their physical branch to apply for a Business Loan in Bihar?

No, you are not necessarily required to visit the physical branch of Poonawalla Fincorp to apply for the Business Loan. You can simply apply for the loan in a few easy steps from the convenience of your home.

Will I have to pledge collateral to opt for a Business Loan for a small business?

No, you do not have to pledge collateral to apply for a Business Loan from Poonawalla Fincorp. You just need to meet the basic eligibility criteria and possess the relevant documents.

What is the duration of repayment for Business Loan in Bihar?

You can choose between a loan repayment tenure, ranging from 6 to 48 months based your repayment capability.

*Terms & Conditions Apply

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