Apply for a Business Loan in Cochin Now with Quick Disbursal
Cochin, a bustling commercial hub in Kerala, has seen a significant rise in the number of small businesses and startups in recent years. While these businesses contribute to the city's economic growth, they often face financial challenges in their pursuit of expansion and development. To help such businesses achieve their goals, Poonawalla Fincorp offers Business Loan in Cochin with attractive features and benefits. Our loans can be used for various purposes, including purchasing equipment, inventory, raw materials, expanding operations, and more. With a simple and hassle-free application process, quick approval, and flexible repayment options, our Business Loans in Cochin can provide the necessary financial support to take your business to the next level.
Business Loan EMI Calculator
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Interest Rates and Charges for Business Loans in Cochin
The interest rates for Business Loans in Cochin may vary depending on various factors such as the loan amount, repayment tenure, borrower’s credit score, and the type of business. However, Poonawalla Fincorp offers Business Loans in Cochin at competitive interest rates starting from 15% p.a.* ensuring that you can avail of financial assistance at affordable rates.
Please check the table below for details on interest rates and associated charges for Business Loan in Cochin:
| Rate of Interest | 15%* p.a. onwards |
| Loan Amount | ₹1 Lakh to ₹50 Lakh |
| Loan Processing Fees | Up to 3% plus applicable taxes |
| Lowest EMI/Month* | Starting from ₹2,783* per Lakh for 48 months |
| Loan Tenure | 6 - 48 months |
| Pre-payment/Foreclosure Charges | 0%* If paid from own sources & 4% If paid from other sources |
| Default Interest | 3% per month |
| Repayment Instrument Dishonor Charges | ₹1,000 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
Features & Benefits of Business Loans in Cochin
Have a look at the key benefits and features of Business Loan in Cochin:
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High Loan Amounts
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Easy Application Process
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Attractive Interest Rates
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Customized Repayment Options
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No Collateral Required
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Multiple End-Use Options
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Quick Loan Approval
High Loan Amounts
We offer Business Loans in Cochin starting from ₹1 Lakh to ₹50 Lakh, depending on your business's requirements.
Easy Application Process
Our Business Loan application process is simple, and you can apply online or by visiting our branch in Cochin.
Attractive Interest Rates
We offer competitive interest rates on Business Loans in Cochin, ensuring that you can avail of financial assistance at affordable rates.
Customized Repayment Options
Our Business Loans come with flexible repayment options of up to 48 months, allowing you to choose a tenure that suits your business's cash flow.
No Collateral Required
We offer unsecured Business Loans, which means you don't have to provide any collateral or security to avail of the loan.
Multiple End-Use Options
Our Business Loans in Cochin can be used for various purposes, including purchasing equipment, inventory, raw materials, expanding operations, and more.
Quick Loan Approval
We understand the value of time for businesses and offer fast approval to ensure that you get the necessary funding on time.
We at Poonawalla Fincorp recognize the significance of financial assistance for various business types. That is why we offer Business Loans in Cochin to small businesses, MSMEs, retail stores, and sole proprietorships to fulfill their funding requirements. Our Business Loans can be utilized for diverse purposes, including procuring inventory, expanding business operations, upgrading equipment, and more. Our loan offerings feature competitive interest rates and flexible repayment tenures, enabling you to select a loan that aligns with your financial needs.
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Purposes of Business Loan in Cochin
Here are some common purposes for availing of a Business Loan in Cochin:
Business Expansion
Business Loans can be utilized to expand your business operations, open new branches, or explore new business opportunities.
Purchasing Equipment
Business Loans can help you finance the purchase of new machinery or equipment required for business operations.
Working Capital
This unsecured loan can help to fulfill working capital requirements, such as purchasing inventory or paying salaries.
Marketing and Advertising
These collateral-free loans can be used to boost marketing and advertising activities, which can help to increase sales and revenue.
Upgrading Technology
Business Loans can help to finance the upgrade of technology, software, or infrastructure required to improve business operations.
Renovation
Business Loans can be used to renovate or remodel the business premises, which can improve the customer experience and increase business value.
Poonawalla Fincorp offers flexible Business Loans in Cochin for various purposes, including expansion, purchasing equipment, working capital, marketing, technology upgrades, and renovation. Our Business Loans come with attractive interest rates, flexible repayment options, and no collateral requirements. With a simple application process and quick approval, our dedicated customer support team is available to assist you throughout the loan process. Apply for a Business Loan in Cochin online to avail of financial assistance for your business needs.
Poonawalla Fincorp Branch Address in Cochin
Poonawalla Fincorp Limited
Address: 5th Floor Muscat Tower, Sahodaran Ayyappan Road, Above HP World , Kadavnathara , Cochin-682020
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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