Get Business Loan in Hyderabad
Instant financial support to achieve your entrepreneurial goals!
There are plenty of things to love about Hyderabad – the ‘City of Pearls’. Since it offers a delicious food palette and comparatively low cost of living, this city is preferred by many to expand or relocate their business. With the presence of many IT giants, Hyderabad is the second emerging IT capital of India after Bangalore.
However, expanding your business or moving the business across cities is not a job that can be done overnight. It also requires capital infusion by the business owner and getting that money isn't always easy for business owners or managers. In this scenario a Business Loan from Poonawalla Fincorp is the most effective way to obtain low-interest rate finance to help you manage your company. Since the government's focus is on promoting the MSME industry, obtaining a Business Loan has become easier than before. If you're a small business owner or manager searching for a loan, an unsecured Business Loan in Hyderabad is an excellent option.
With Poonawalla Fincorp’s unsecured Business Loans in Hyderabad, you can fill any financial gaps and take your business to new heights. If you are looking for financing solutions for your small business, we can provide Small Business Loans in Hyderabad of up to ₹50 Lakh for all your needs.
With our MSME/SME loan in Hyderabad, you can enjoy a host of benefits such as competitive interest rates, flexible tenure, minimal documentation process, and much more.
Business Loan EMI Calculator
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Business Loan Interest Rates in Hyderabad
Maximize your growth opportunities in Hyderabad with Poonawalla Fincorp’s attractive Business Loans.
At Poonawalla Fincorp, we offer quick Business Loans in Hyderabad at lowest interest rates. As these loans are unsecured, you don’t have to pledge your assets with us. Our Business Loan can be availed at attractive interest rates so that you can kickstart your operations with ease. To avail of our SME/MSME Loan in Hyderabad, you just have to apply online, or visit your nearest branch. If you have a high credit score, you can get your loan application approved quickly and get a good interest rate also.
| Types of fee | Applicable Charges |
| Rate of interest | 15% to 28% p.a.* |
| Processing fees | Up to 3% plus applicable taxes |
| Repayment Instrument Dishonor Charges | ₹500 per bounce plus applicable taxes |
| Default Interest | 2% per month |
| Loan Amount | ₹5 lakh to ₹50 Lakhs |
| 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 |
| Stamp Duty | At actuals (as per state) |
| Penal Interest | 2% monthly on the defaulted EMI amount |
Eligibility Criteria for Unsecured Business Loan in Hyderabad
You can apply for SME/MSME Loan in Hyderabad online with us. We have minimal eligibility criteria which are easy to fulfil. As these loans are unsecured, you don’t have to pledge any security with us. Simply fill out the online application form and await verification and disbursal. Below are the eligibility criteria for Business Loan in Hyderabad.
Age
Minimum 22 years and maximum 65 years
Business Vintage*
At least two years
Annual turnover
Minimum ₹6 Lakh
- Age - The age of the applicant should not be less than 22 years at the time of applying for the loan. Similarly, it should not be more than 65 years at the time of loan maturity.
- Business vintage - The applicant must have a business vintage of a minimum of 2 years.
- Annual turnover - The applicant’s business should have a minimum annual turnover of ₹6 Lakh.
Documents Required to Apply for a Business Loan in Hyderabad
For availing of small Business Loans in Hyderabad, you need to provide the following documents:
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KYC Documents
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Business Address Proof
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Financial documents
KYC Documents - We require KYC documents (personal, company, and all partners) to approve your Business Loan application.
- Company PAN card, Director/ Proprietor/ Partner PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport.
- Proprietor/ Partner/ Director PAN Card, Aadhaar Card, Passport, Driving Licence, Voter ID, Electricity Bill/ Rent Agreement.
- Personal documents- All individual/ Partner/Directors’ PAN Card, Aadhaar Card, Passport, Driving Licence, Voter ID, officially valid documents and address proof.
- Business documents- Business registration and address proof.
Business Address Proof - We accept utility bills and rent agreements as your business address proof.
Financial documents - You will be required to provide the salary bank account statements for the past 6 months.
Benefits of Taking a Business Loan in Hyderabad
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No security or collateral required
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High loan amount of up to ₹50 Lakh
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Competitive interest rate
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Flexible repayment tenure of up to 48 months
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Simple documentation for a quick and hassle-free process
- No security or collateral required - With the Poonawalla Fincorp unsecured Business Loans in Hyderabad, you don’t have to worry about collateral. We provide these loans without any security or collateral to help the growth of businesses.
- High loan amount of up to ₹50 Lakh - At Poonawalla Fincorp, we provide both MSME/SME loans in Hyderabad with a high loan amount of up to ₹ 50 Lakh.
- Competitive interest rate - At Poonawalla Fincorp, we provide low and competitive interest rates for Business Loans in Hyderabad. You don’t have to look anywhere else when you apply for a loan.
- Flexible repayment tenure of up to 48 months - At Poonawalla Fincorp, we provide a flexible repayment tenure of up to 48 months. You get enough time to pay us money in a flexible manner within the specified period.
- Simple documentation for a quick and hassle-free process - Providing multiple documents for getting a loan is one of the biggest headaches for a loan seeker. It can sometimes be tiresome and often lead to mental stress. At Poonawalla Fincorp, we provide loans with minimal documentation so you get loans with hassle-free processing and quick approvals. Through this, you don’t have to worry about documentation and can focus on the utilization of money for the growth of your small business through Business Loans in Hyderabad.
Apply for Instant Business Loan In Hyderabad within 5 Minutes
Apply
Online
Apply Online
Click on Apply Now and enter your contact details.
Business
Details
Business Details
Enter your annual business turnover and other business details.
Verification
Verification
The application will then proceed for verification and assessment
Frequently Asked Questions
SME/MSME Loans in Hyderabad are easy to avail of. We have curated feature-rich small Business Loans in Hyderabad for all entrepreneurs including small business owners to achieve their financial goals. If you have a high credit score, your loan request might get approved faster, and you can get funds disbursed into your account quickly.
Steps to apply for a Business Loan in Hyderabad:
- Step 1: Visit our dedicated page for Business Loans and click on ‘Apply Now’.
- Step 2: Fill out the online application form.
- Step 3: Await verification and approval.
- Step 4: Get funds disbursed into your account after authorization.
Poonawalla Fincorp Limited
Address: Office No.G-1 to G-4, Ground Floor, Block 'B' , Roxana Towers, H No.7-1-24/1/RT, Greenlands, Begumpet, Hyderabad, Telangana-500016
Contact Number: 1800-266-3201 (Toll Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)
*Terms & Conditions Apply
