Overview of the Business Loan in Chhattisgarh
Chhattisgarh is experiencing a major boom in the fields of agriculture and food processing, mineral business, steel production, cement franchise business, tourism, etc. As a result, there has been an increase in the demand for financing options for businesses.
If you are a business owner looking for funding options, a Business Loan in Chhattisgarh with Poonawalla Fincorp is the best deal for you. Get up to ₹50 Lakh with minimal documentation, quick disbursal, and a flexible loan tenure of up to 48 months. Apply now!
EMI Calculator for Business Loan in Chhattisgarh
Use the given online EMI calculator to calculate your loan repayment amount payable within the decided tenure period. 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 | ₹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 (as per state) |
| No Other Hidden Charges | |
Business Loan in Chhattisgarh Eligibility Criteria and Required Documents
Business Loan in Chhattisgarh Eligibility Criteria
Here are the eligibility criteria for Business Loan in Chhattisgarh:
- 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 Chhattisgarh
Here are the documents required:
| Document Category | Business Loan in Chhattisgarh 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 Chhattisgarh
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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 Chhattisgarh
Apply for a Business Loan in Chhattisgarh 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
Yes, you can! With us, you can request a Business Loan amount as high as ₹50 Lakh at once.
We currently offer a flexible repayment tenure of 6 to 48 months, so you can repay your debt without any stress.
No, you don't have to pledge collateral to secure a Business Loan with us. Just make sure that you meet the basic eligibility criteria and have the necessary documents in hand.
*Terms & Conditions Apply
