Business Loan in Karnataka

Business Loan in Karnataka

Up to ₹50 Lakh | Flexible Repayment| Collateral-free

Karnataka, a state in southern India, has the fourth highest income per capita. Many renowned companies, start-ups, and mid-sized IT companies have their offices here. This state offers opportunities to aspiring entrepreneurs.

If you are an entrepreneur in Karnataka and looking to take your business to the next level with the necessary funds, Poonawalla Fincorp’s Business Loan is the ultimate financing solution. Apply now to get an unsecured Business Loan in Karnataka of up to ₹50 Lakh with a flexible tenure of up to 48 months.

An EMI calculator is an online handy tool that lets you fix the EMI amount you need to pay every month. Just enter the total loan amount, interest rate, and loan tenure, and you can calculate your EMI amount hassle-free.


We analyse the banking and financial statements of entrepreneurs to offer an affordable rate of interest with our Business Loan in Karnataka.

Types of Fee Applicable Charges
Rate of Interest 15% p.a. onwards
Processing Fees Up to 3% plus taxes.
Repayment Instrument Dishonor Charges ₹500 per bounce plus taxes.
Default Interest 2% per month.
Loan Amount ₹1 Lakh to ₹50 Lakh.
Lowest EMI per month From ₹2,783 per Lakh for 48 months.
Loan Tenure 6-48 months.
Prepayment/Foreclosure Charges 0% if paid on own sources and 4% from other sources.
Stamp Duty At actuals (varies between states).
No Other Hidden Charges
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Business Loan in Karnataka Eligibility Criteria

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The eligibility requirements are:

  • Age: Applicant must be between 24 to 65 years.
  • Business Vintage: Business vintage must be of at least 2 years.
  • Annual Turnover: Businesses must have an annual turnover of ₹6 Lakh minimum.

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 Business Loan in Karnataka

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Here are the documents required for a Business Loan in Karnataka:

Document Category Business Loan in Karnataka Documents
KYC Documents
  • Company’s PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport, Director/ Proprietor/ Partner PAN Card/Aadhaar Card/Driving License/Voter ID/Passport.
  • Proprietor/ Partner/ Director PAN Card/Aadhaar Card/Driving Licence/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.

Here are the salient features and benefits of our Business Loans in Karnataka:

  • Extended Loan Tenure logo

    Extended Loan Tenure

  • Online Application logo

    Online Application

  • Smooth Disbursal logo

    Smooth Disbursal

  • Competitive Rates of Interest logo

    Competitive Rates of Interest

  • Collateral Free logo

    Collateral Free

  • Simplified Documentation logo

    Simplified Documentation

The approximate time for the loan application process is 5 minutes.

  • Step 1: Click on “Apply Now”.
  • Step 2: Provide the annual turnover of your business and other details.
  • Step 3: The loan application will proceed further for thorough verification and assessment.
For what purpose can I use a business loan?

Our business loans are perfect for financing capital requirements, upgrading equipment, business growth and improvement, and more.

Why should I opt for an unsecured business loan in Karnataka?

Opting for a business loan in Karnataka will let you enjoy its benefits without pledging any business or personal assets as collateral. This will be more convenient and risk-free.

How long does it take to approve an unsecured business loan?

You can get unsecured business loans approved instantly with us in approximately 5 minutes.

*Terms & Conditions Apply

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