Business Loan in Chandigarh

Business Loan in Chandigarh

Up to ₹50 Lakh | Collateral-free | Quick Approval

Chandigarh’s economy is backed by the contribution of the agricultural sector, light engineering industry, and pharmaceuticals. If you are a business owner and looking for financial aid, avail of a Business Loan in Chandigarh from Poonawalla Fincorp. Get up to ₹50 Lakh with flexible repayment terms, zero hidden charges, and low-interest rates. Apply now!

You can save time and effort by calculating your monthly payback responsibilities more quickly with the help of our EMI calculator for Business Loan in Chandigarh. You just need to enter the loan amount, interest rate, and tenure of the loan to calculate the exact EMI.


Here are the interest rate and additional 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 and 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 (varies between states).
No Other Hidden Charges
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Business Loan in Chandigarh Eligibility Criteria

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Here are the eligibility criteria for Business Loan in Chandigarh:

  • 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 Business Loan in Chandigarh

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Here are the documents required:

Document Category Business Loan in Chandigarh 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 Licence/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 the 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.

  • No Collateral logo

    Higher Loan Amount

  • Attractive Interest Rates logo


  • Attractive Interest Rates logo

    Competitive Interest rates

  • High Loan Amounts logo

    Minimal Documentation

  • Minimal marriage loan documents required logo

    Flexible Loan Tenure

  • Minimal marriage loan documents required 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 Chandigarh in 3 simple steps:

  • Step 1: Click on the ‘Apply Now’ button.
  • Step 2: Fill in the required details on the loan application form.
  • Step 3: Upload necessary documents.

On successful verification, the loan amount will be transferred to your bank account.

How much time will it take to apply for a Business Loan in Chandigarh with Poonawalla Fincorp?

It takes only 5 minutes to complete the application process for our Unsecured Business Loan.

How can I plan my loan repayment without spending much time?

Use our Business Loan EMI calculator to calculate your monthly repayment amounts easily and quickly.

Can I obtain funds for the expansion of my business?

Yes, you can obtain funds swiftly and enjoy the flexibility of repayment for up to 48 months.

What is the maximum limit of the Business Loan amount I can get from Poonawalla Fincorp?

Secure a loan amount of up to ₹50 Lakh with our Unsecured Business Loan and meet your business obligations with ease.

How much annual turnover is required to secure a Business Loan?

According to our loan eligibility for Unsecured Business Loan, your business must have a minimum turnover of at least ₹6 Lakh annually.

*Terms & Conditions Apply

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