Overview of Business Loan in Chandigarh
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!
EMI Calculator for Business Loan in Chandigarh
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.
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EMI Amount = *
Interest Rates and Other Charges
Here are the interest rate and additional charges:
| Types of Fee | Applicable Charges |
| Business Loan Interest Rates | 15% p.a. onwards |
| Loan Amount | ₹5 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 | 5% on principle outstanding plus applicable taxes |
| 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 | |
Business Loan in Chandigarh Eligibility Criteria and Required Documents
Business Loan in Chandigarh Eligibility Criteria
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.
Documents Required for Business Loan in Chandigarh
Here are the documents required:
| Document Category | Business Loan in Chandigarh Documents |
| KYC Documents |
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| 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.
Features and Benefits of Business Loan in Chandigarh
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Higher Loan Amount
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Collateral-Free
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Competitive Interest rates
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Minimal Documentation
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Flexible Loan Tenure
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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.
How to Apply for a Business Loan in Chandigarh
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.
Frequently Asked Questions
It takes only 5 minutes to complete the application process for our Unsecured Business Loan.
Use our Business Loan EMI calculator to calculate your monthly repayment amounts easily and quickly.
Yes, you can obtain funds swiftly and enjoy the flexibility of repayment for up to 48 months.
Secure a loan amount of up to ₹50 Lakh with our Unsecured Business Loan and meet your business obligations with ease.
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
