Effortlessly Avail a Business Loan in Chennai
Chennai is known as the ‘Detroit of India’ for being the country’s foremost automobile manufacturing hub. This creates strong opportunities for businesses in manufacturing, logistics, software, and ancillary services.
Poonawalla Fincorp offers business loan in Chennai to help you invest in machinery, expand operations, or help you build a business name in Chennai. Get funds up to ₹1 Crore with competitive interest rates, minimal documentation, and flexible repayment tenure, designed to support your business growth in Chennai’s dynamic market. Apply now!
Business Loan EMI Calculator
Use our Business Loan EMI Calculator to instantly estimate your monthly repayments for a Business Loan in Chennai. Simply enter the loan amount, interest rate and the loan tenure to estimate your monthly outgo.
Why Choose Poonawalla Fincorp
High LoanAmount
Collateral-free Loan
Competitive Interest Rate
MinimalDocumentation
QuickApproval
Flexible Repayment Tenure
Apply for a Business Loan Online in Just 3 Steps
Click on "Apply Now”
Tap the "Apply Now" button to initiate your application.
Enter Details
Enter your DOB, PAN card number, monthly income, and residential details.
Upload Documents
Upload the necessary documents for quicker approval.
On successful verification, the loan amount will be disbursed into your bank account instantly.
Meet our simple eligibility criteria for a Business Loan in Chennai
- Age: Between 24 and 65 years.
- Citizenship: Indian.
- Business Vintage: At least 2 years.
- Annual Turnover: Minimum of ₹6 Lakh.
You can also use our Business Loan eligibility calculator for the same.
To confirm your Business Loan eligibility in Chennai, submit the following documents while applying:
- KYC Documents
- Business Address Proof
- Financial Documents
Read more details about doucments required for business loan.
Poonawalla Fincorp supports Chennai’s entrepreneurs with business loans at competitive interest rates starting from 15% p.a. Our process is quick and straightforward, with minimal paperwork and no collateral required. Whether you need working capital or funds for expansion, apply with us to get the financial support your business deserves.
After 6 EMIs: 5% on principal outstanding + taxes
Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf
*T&C Apply
A Business Loan in Chennai can help you meet various operational and growth needs:
- Purchasing Equipment and Tools: An MSME Loan in Chennai can help you upgrade machinery or invest in new tools, ensuring you stay competitive in industrial hubs like Ambattur and Guindy.
- Expanding Business Premises: In prominent commercial zones like T. Nagar, Anna Nagar, and Velachery, you can secure a larger office, warehouse, or retail space with the help of a Business Loan.
- Managing Working Capital: Avoid cash flow disruptions that can slow down your business by opting for a Working Capital Loan in Chennai. You can manage day-to-day expenses, pay suppliers, and fulfil large orders without financial strain.
- Replenishing Inventory: Use a loan for shopkeepers to restock for peak seasons at your retail shop, wholesale business, or showroom.
- Launching New Products or Services: Diversify your offerings and tap into new markets by funding product development, research, or service expansion with a Business Loan tailored to your growth ambitions.
Business loans are available to various enterprises operating in Chennai. Here’s who can apply:
- Business-Women: If you’re a business woman in Chennai, a Business Loan for Women is designed to support your entrepreneurial journey with flexible terms and competitive rates.
- Small and Retail Business Owners: Whether you run a small manufacturing unit, a service-based business, or a retail shop, business loans are tailored to support your specific needs. They can help you manage inventory, renovate your space, and grow your operations.
- Partnership Firms: If you run a business with partners, you can apply for a Business Loan to fund expansion, working capital, or new ventures.
- Private Limited Companies: Registered companies looking to scale operations, invest in infrastructure, or manage cash flow can access business loans with higher loan amounts and longer tenures.
- Sole Proprietors: Business owners operating independently can use a Proprietor Loan to manage expenses, expand operations, or invest in new opportunities.
- Trusts and NGOs: Even trust-based organisations running social enterprises or community projects in Chennai can apply for business loans to fund operational or developmental needs.
A prepared application has a higher chance of approval. Follow these key steps:
● Clearly define the required loan amount and its intended use for your business
● Check your CIBIL score beforehand; a score of 750 or higher is generally preferred
● Keep essential documents like bank statements and ITRs organised for faster verification
Visit the Poonawalla Fincorp Chennai branch at the following address:
- Address: The Oval, 2nd Floor, Venkatanarayana Road, T.Nagar, Chennai: 600017, Tamil Nadu
- Contact Number: 1800-266-3201 (Toll Free)
- Timing: 9:00 AM to 7:00 PM | Monday - Saturday (Closed on Sunday & Public holidays)
Happy Customers, Happy Us
Business Loan
Securing a business loan marked a pivotal moment for our growth. The funds enabled us to invest in new equipment and significantly expand our operations. The team was transparent, supportive, and guided us every step of the way, making the entire process smooth and reassuring
Business Loan
I never imagined getting a loan could be this easy. With minimal documentation and quick disbursement, the process was incredibly smooth. It came at a crucial time and helped me manage my cash flow effectively.
Business Loan
The business loan gave me the confidence to take on larger projects. With competitive interest rates and flexible repayment terms, the experience was smooth and empowering. Truly a great experience.
Business Loan
Excellent service and timely support! The loan enabled me to renovate my setup and enhance the customer experience. I'm truly grateful for the professionalism and efficiency throughout the process.
Business Loan
The loan helped me stock up inventory just in time for the festive season. Approval was swift, and the team truly understood my business needs. A smooth and supportive experience all around!
Business Loan
I was initially hesitant, but the loan process was so well-managed that I felt confident every step of the way. It enabled me to open a second outlet and expand my brand - an experience that truly exceeded expectations.
Business Loan
The loan allowed me to upgrade my machinery and significantly boost production efficiency. The terms were clear, and the service was handled with utmost professionalism.
Business Loan
I’ve taken loans before, but this was by far the most seamless experience. The team was highly responsive, and the funds played a crucial role in digitising my business operations. Truly a smooth and supportive journey.
Business Loan
The business loan came at just the right time, allowing me to stock up on raw materials and stay ahead of seasonal demand. What impressed me most was the repayment structure; it aligned perfectly with my cash flow, making the entire experience stress-free and sustainable.
Business Loan
Taking the loan was a bold move that transformed my business and boosted revenue. It gave me the financial push I needed to take that leap, and I’m glad I did. The support made a real difference in turning plans into progress.
I run a chain of pharmacy stores with 5 branches in Pune. With the growing popularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficult for me to hire delivery persons. With Poonawalla Fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan application process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operation seamlessly.
Business Loan
The interest rates were fair and competitive, making it easy to manage cash flow for me. The process was smooth with the service and giving a rating of 10.
Business Loan
I was hesitant at first, but the team explained everything clearly and made me feel confident. The loan helped me manage working capital and grow my business steadily.
Business Loan
I was impressed by how quickly my business loan was processed. The team was extremely helpful and guided me through every step. Thanks to their support, I was able to expand my operations without any hasstle.
Business Loan
The loan process was incredibly smooth, and the team was always available to answer my queries. With the funds, I was able to renovate my store and attract more customers. Truly grateful.
Business Loan
Getting a business loan felt daunting at first, but the entire experience was smooth and transparent. The loan helped me purchase new equipment and increase production. Highly recommend their services!
Business Loan
Excellent service and prompt communication. The loan process was seamless, and the funds were disbursed faster than expected. It’s great to work with professionals who understand business needs.
Business Loan
I needed quick funding to stock up for the festive season, and the business loan came just in time. The Credit Manager was proactive and ensured everything was done on priority. Excellent service!
Business Loan
Thanks to the business loan, I was able to open a second outlet. The team was very supportive and explained all terms clearly. I appreciate the personalized attention I received.
Business Loan
I’ve taken loans before, but this was by far the most professional experience. The documentation was minimal, and the disbursement was fast. I’ll definitely recommend them to fellow entrepreneurs.
Business Loan
The loan helped me bridge a critical cash flow gap during the festive season. The team was approachable and ensured everything was handled efficiently. Great experience!
Business Loan
The business loan helped me hire skilled staff and improved my business. The support from the credit team was outstanding. They understood my business and offered the right solution.
Business Loan
I am very happy with the service of the company and will recommend everyone to take loan from Poonawalla Fincorp.
Business Loan
The loan process was quick and transparent. No hidden charges, and the team guided me at every step. Will recommend everyone.
Business Loan
They didn’t just give me a loan—they gave me peace of mind during a tough time, Happy with the service of Poonawalla Fincorp.
Business Loan
No hidden charges, no surprises. The process was clear and smooth from start to finish.
Business Loan
The team guided me at every step and made the entire experience stress-free, will highly recommend to my friends - rating 10!!!
Business Loan
They tailored the loan to fit my business model. Truly customer-focused and satisfying service given by Poonawalla Fincorp, Highly Recommended!!!
Explore Different Types of Business Loans to Suit Your Needs
Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s
FinHub
Frequently Asked Questions
Key benefits of getting a Business Loan in Chennai include quick, collateral-free funds, competitive interest rates, a simple digital application with minimal documentation, and flexible repayment tenures to support your business growth.
Our application process is simple and online. Click ‘Apply Now’ on our website, fill out the application form, and upload the required documents. Once verified, the funds are disbursed directly to your bank account.
Our online Business Loan EMI Calculator is a crucial tool for financial planning. It helps you estimate your monthly loan instalments (EMIs) in advance, allowing you to choose a loan amount and tenure that fit comfortably within your business’s budget.
The primary advantage of an unsecured Business Loan is speed and convenience. You can secure financing quickly without having to pledge any business or personal assets as collateral, making it an ideal solution for meeting urgent operational needs or seizing growth opportunities.
A Business Loan provides essential working capital to manage your daily operational costs effectively. It helps bridge any short-term cash flow gaps, ensuring that expenses like employee salaries, rent, and inventory purchases are paid on time without any disruption to your business.
Businesses sometimes opt for secured loans when they need a significantly larger loan amount or want to secure a lower interest rate. By providing collateral, they reduce the lender's risk, which often translates into more favourable loan terms for major long-term investments.
Lenders charge higher interest rates on unsecured business loans because they carry more risk. Since there is no collateral to recover funds from in case of a default, the higher rate acts as a safeguard for the lending institution.
The key difference is the need for collateral. Secured business loans require you to pledge an asset (like property), often resulting in lower interest rates and higher loan amounts. Unsecured business loans require no collateral, offering faster approvals and greater flexibility.
Yes, selecting a loan tenure that aligns with your business’s projected cash flow is a smart financial decision. Poonawalla Fincorp offers flexible repayment tenures, allowing you to balance your monthly EMI payments with your company’s anticipated revenue.
A CIBIL score of 750 or above is considered excellent for a Business Loan application as it demonstrates strong credit discipline. A higher score significantly improves your chances of loan approval and can help you get more competitive interest rates.
Yes, Poonawalla Fincorp offers flexible repayment tenures on our business loans. This feature allows you to choose a repayment schedule, typically ranging from 12 to 60 months, that best suits your business’s financial capacity.
The interest rate on a Business Loan is set based on several factors, including your credit score, loan amount, tenure, the business’s financial health, and operational history. A strong application with a healthy financial profile generally helps in securing a more favourable rate.