Apply for a Business Loan in Salem Instantly!
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.
Business Loan EMI Calculator
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Business Loan Interest Rates in Salem
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 | |
Features and Benefits of Business Loan in Salem
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Flexible Loan Amounts
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Quick Loan Approvals
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Collateral-Free Loans
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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.
Apply for Instant Business Loan In Salem 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
Types of Business Loan in Salem
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 Branch Address in Salem:
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
