business loan in salem

Business Loan in Salem

Starting @15%* p.a.

Attractive Interest Rates | Collateral-free | Easy Online Process

Salem, a bustling city in Tamil Nadu, is known for its vibrant business environment and entrepreneurial spirit. As businesses in Salem continue to flourish and expand, the need for financial support becomes crucial. Poonawalla Fincorp recognizes this demand and offers tailored Business Loan solutions to entrepreneurs in Salem.

Applying for a Business Loan in Salem with Poonawalla Fincorp is seamless and convenient. Our online platform allows you to submit your loan application from anywhere at any time. We understand the urgency of your financial needs and strive to provide quick loan approvals, ensuring that you receive the funds in a timely manner.


We aim to provide affordable interest rates that allow you to manage your loan repayments without undue strain. Thus, we offer competitive interest rates on our Business Loans in Salem. Kindly refer to the information below for further details:

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 3% per month
Repayment Instrument Dishonor Charges ₹1000 per bounce plus applicable taxes
Stamp Duty At actuals (as per state)
No Other Hidden Charges
  • Easy To Apply Logo

    Flexible Loan Amounts

  • Competitive Interest Rate Logo

    Quick Loan Approvals

  • Quick Processing Logo

    Collateral-Free Loans

  • Quick Processing Logo

    Flexible Repayment Options

Flexible Loan Amounts

Poonawalla Fincorp offers Business Loans in Salem starting from ₹1 Lakh to ₹50 Lakh, ensuring that you have access to the right amount of funds based on your business requirements.

Quick Loan Approvals

We understand the importance of timely financial assistance. Our streamlined loan approval process ensures quick decisions on your loan application, enabling you to seize business opportunities without delays.

Collateral-Free Loans

Our Business Loans in Salem are offered without the need for collateral, allowing you to secure funds for your business without risking valuable assets.

Flexible Repayment Options

We offer flexible repayment tenures, enabling you to choose a repayment schedule that aligns with your business cash flows and ensures ease of repayment.

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Apply Online

Click on Apply Now and enter your contact details.

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Business Details

Enter your annual business turnover and other business details.

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The application will then proceed for verification and assessment

Working Capital Loans:

Our Business Loan caters to your working capital requirements, ensuring smooth operations and sustained growth.

Expansion and Renovation Loans:

If you're planning to expand your business or renovate your existing infrastructure, our Business Loan can provide the necessary funds.

Business Growth Loans:

For businesses with ambitious growth plans, our loan can fuel your expansion strategies and help you tap into new opportunities.

Inventory Financing:

Avail of funds to manage your inventory efficiently, ensuring uninterrupted supply and meeting customer demands.

In conclusion, Poonawalla Fincorp provides excellent Business Loan solutions for entrepreneurs and businesses in Salem. With our easy online application process, competitive interest rates, and attractive features and benefits, we are committed to supporting your business growth and success. Apply for a Business Loan today and unlock the potential of your business in this thriving city.

Poonawalla Fincorp Limited

Address: 2nd Floor, Sri Vaari Shopping Mall, 258/2,2/91, New Bus Stand Main Road, Meyyanur, Salem-636004, Tamil Nadu
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

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