Overview of a Business Loan in Goa
Goa with its vibrant tourism industry and growing entrepreneurial spirit, offers fertile ground for businesses of all sizes. If you are looking to expand your business, avail of a Business Loan in Goa with Poonawalla Fincorp. Get up to ₹50 Lakh with minimal documentation, flexible repayment tenure, and zero hidden charges. Apply now!
Business Loan in Goa EMI Calculator
An EMI calculator is a valuable tool that enables individuals to estimate their monthly loan repayments. You just need to enter the loan amount, interest rate, and tenure.
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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 (as per state) |
| No Other Hidden Charges | |
Business Loan in Goa Eligibility Criteria and Required Documents
Eligibility Criteria for a Business Loan in Goa
To be eligible for a Business Loan in Goa, you will generally need to meet the following criteria:
- 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 a Business Loan in Goa
| Document Category | Business Loan in Goa 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 & Benefits of a Business Loan in Goa
At Poonawalla Fincorp, we understand the unique financial needs of Goa’s businesses. That is why we offer a customised Business Loan designed to help you achieve your goals, both professional and personal. Here is what sets our loans apart:
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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
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Higher Loan Amount
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Collateral-Free
- 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.
- Higher Loan Amount: Get up to ₹50 Lakh.
- Collateral-Free: Avail the loan without pledging any collateral.
How to Apply for a Business Loan in Goa
The application process for a Business Loan in Goa involves three 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
No, our Business Loan is specifically designed for business owners to meet their business-related requirements. However, salaried individuals can explore our Personal Loan or Loan Against Property options to access our financial services.
A credit score falling within the range of 750 and above indicates responsible debt management, significantly enhancing the likelihood of your loan approval.
Opting for a Business Loan in Goa will let you enjoy its benefits without pledging any business or personal assets as collateral. This is more convenient and less risky.
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