Business Loan in Goa

Business Loan in Goa

Up to ₹50 Lakh | Collateral Free | Quick Disbursal

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!

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.


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 & 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
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Eligibility Criteria for a Business Loan in Goa

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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.

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Documents Required for a Business Loan in Goa

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Document Category Business Loan in Goa Documents
KYC Documents
  • Company’s PAN Card/Aadhaar Card/Driving License/Voter ID/Passport, Director/ Proprietor/ Partner PAN Card/Aadhaar Card/Driving License/Voter ID/Passport.
  • Proprietor/ Partner/ Director PAN Card/Aadhaar Card/Driving License/Voter ID/Passport, Electricity bill, Rent Agreement.
  • Personal documents- All individuals/ Partners/ Director- PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport, officially valid documents, and proof of address.
  • Business documents- Business registration proof + Business address proof (if not the same as business registration proof).
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.

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:

  • Competitive Interest rates

    Competitive Interest rates

  • Minimal Documentation

    Minimal Documentation

  • Flexible Loan Tenure

    Flexible Loan Tenure

  • Online Application Process

    Online Application Process

  • Flexible Loan Amounts

    Higher Loan Amount

  • 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.

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.

Can a salaried individual apply for a Business Loan?

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.

What is the required credit score for a Business Loan?

A credit score falling within the range of 750 and above indicates responsible debt management, significantly enhancing the likelihood of your loan approval.

Why should I opt for an Unsecured Business Loan in Goa?

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.

*T&C Apply

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