business loan in coimbatore

Business Loan in Coimbatore

Starting @15%* p.a.

Loan up to 50 Lakh | Minimal Documentation | Collateral Free | Tenure Up To 48 months | Easy Transfer Available | Quick Disbursal

Coimbatore, located in the southern state of Tamil Nadu, India, is also known as the "Manchester of South India" due to its booming textile industry. The city is situated on the banks of the Noyyal River and is surrounded by the Western Ghats Mountain range, providing a picturesque landscape. Coimbatore is also home to numerous educational institutions, including prestigious engineering and medical colleges. The city has a rich cultural heritage, with temples and historical landmarks dating back to ancient times.

In recent years, Coimbatore has emerged as a major hub for information technology and manufacturing industries, attracting businesses and entrepreneurs from across the world. With its vibrant economy, diverse culture, and natural beauty, Coimbatore has become a popular destination for tourists and travellers.

If you are a business owner in Coimbatore, Poonawalla Fincorp offers collateral-free Business Loans at attractive interest rates.


Our Business Loan interest rates start from 15% p.a.* The table below shows all the charges related to our Business Loan in Coimbatore.

Interest Rate 15% to 28% p.a.*
Processing Fees Up to 3% plus applicable taxes
Bounce Charges ₹500 per bounce plus applicable taxes
Default Interest 2% per month
Loan Amount ₹1 Lakh to ₹50 Lakh
Loan Tenure 6-48 months
Lowest Emi Per Month Starting from ₹2,783* per Lakh for 48 months
Prepayment/Foreclosure Charges 0%* If paid from own sources & 4% If paid from other sources
Repayment Instrument Dishonor Charges ₹500 per bounce plus applicable charges
Stamp Duty At actuals (as per state)
No Other Hidden Charges

Poonawalla Fincorp’s Business Loan in Coimbatore comes with attractive features and benefits. Some of these include:

  • High Loan Amount Logo

    High Loan Amount

  • Flexible Repayment Rate Logo

    Flexible Loan Tenure

  • Competitive Interest Rate Logo

    Competitive Interest Rate

  • No Collateral Required Logo

    Collateral-Free Loans

  • Easy To Apply Logo

    Simple Eligibility Criteria

  • Minimal Documentation Logo

    Minimal Documentation

  • Quick Processing Logo

    Quick Disbursal

High Loan Amount

We offer Business Loans of up to ₹50 Lakh. The loan amount offered by Poonawalla Fincorp may vary depending on your eligibility and funding requirements.

Flexible Loan Tenure

The tenure for Poonawalla Fincorp's Business Loan ranges from 6 months to 48 months.

Competitive Interest Rate

The interest rate for Business Loans in Coimbatore starts at 15% p.a.* However, the interest rates may vary depending on your loan amount, tenure, and creditworthiness.

Collateral-Free Loans

You can avail of our Business Loan in Coimbatore without pledging any collateral.

Simple Eligibility Criteria

The eligibility criteria for Poonawalla Fincorp's Business Loan are easy to fulfil. Our eligibility criteria include age, annual turnover, and business vintage.

Minimal Documentation

The documentation required for our Business Loan in Coimbatore includes KYC documents, business address proof, and other financial documents.

Quick Disbursal

Once you fulfil the eligibility criteria and fill out the online application, you can submit it with just the click of a button and get funds disbursed into your account shortly.

Business Loans in Coimbatore can be obtained by a variety of entities, including:

  • Sole Proprietorships
  • Partnerships
  • Private Limited Companies
  • Public Limited Companies
  • Limited Liability Partnerships (LLPs)
  • Micro, Small, and Medium Enterprises (MSMEs)

Unsecured Business Loans

These loans help businesses expand their operations, introduce new products or services, and acquire new customers. The loan amount can be used for equipment purchase, infrastructure development, and other business needs.

Working Capital Loans

These are short-term loans that help businesses meet their day-to-day operating expenses such as salaries, rent, inventory, and other overheads.

Business Loans for Sole Proprietorship

Poonawalla Fincorp offers Business Loans to sole proprietors to help them meet their financial requirements and grow their businesses.

Small Business Loans

We offer Small Business Loans that can be used for a variety of purposes such as purchasing equipment, hiring employees, purchasing inventory, or expanding operations.

Business Loan for MSMEs

Business Loans for Micro, Small, and Medium Enterprises (MSMEs) are a type of financing that is specifically designed to meet the financial needs of small and medium-sized businesses. MSMEs play a vital role in the economic growth of many countries, and access to financing is crucial to their success.
Poonawalla Fincorp offers customized loan solutions based on the borrower's specific business needs, helping them meet their financial requirements and achieve their business goals. The interest rates for our Business Loans in Coimbatore are competitive, making it affordable for small businesses to access the funds they need to grow. The application process for our Business Loans is simple and hassle-free, with minimal documentation requirements. It is important to note that the availability and terms of these loans may vary depending on the borrower's creditworthiness, business history, and other factors.

*T&C Apply

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Apply Online

Click on Apply Now and enter your contact details.

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Business Details

Enter your annual business turnover and other business details.

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The application will then proceed for verification and assessment

Poonawalla Fincorp Limited

Address : 6th Floor,Classic Towers, Trichy Road,Coimbatore Tamil Nadu-641018.
Contact Number: 1800-266-3201 (Toll-free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)

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