Overview
Uttarakhand has abundant resources due to forests and mountains, and its agroclimatic conditions mainly support horticulture-based industries. It is experiencing rapid growth due to increased capital investment driven by favourable industrial policies and tax incentives. If you are looking forward to availing a Business Loan in Uttarakhand, a Business Loan from Poonawalla Fincorp.
Get up to ₹50 Lakh with minimal documentation, quick disbursal with no hidden charges at competitive interest rates and. Apply now!
EMI Calculator for Business Loan in Uttarakhand
An EMI calculator is an online financial tool that helps you determine the monthly EMI of a Business Loan in Uttarakhand. Enter the loan amount, interest rate, and tenure of the loan to calculate the exact EMI using Poonawalla Fincorp’s EMI calculator.
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EMI Amount = *
Interest Rates and Other Charges
Here are the interest rate and additional charges:
| Types of Fee | Applicable Charges |
| Business Loan Interest Rates | 15% p.a. onwards |
| Loan Amount | ₹5 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 and 4% If paid from other sources |
| Default Interest | 2% per month |
| Repayment Instrument Dishonor Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
Business Loan in Uttarakhand Eligibility Criteria and Required Documents
Business Loan in Uttarakhand Eligibility Criteria
Here are the eligibility criteria for Business Loan in Uttarakhand:
- Age: Applicant must be between 24 to 65 years.
- Business Vintage: The business must have been operational for at least 2 years.
- Financial Performance: The business must have a minimum annual turnover of ₹6 Lakh.
Note: The above-mentioned Business Loan eligibility list is indicative. Additional eligibility criteria may be required during loan processing by Poonawalla Fincorp.
Documents Required for Business Loan in Uttarakhand
| Document Category | Business Loan in Uttarakhand Documents |
| KYC Documents |
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| 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.
Features and Benefits of Business Loan in Uttarakhand
Here are the features and benefits of Business Loan in Uttarakhand:
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Higher Loan Amount
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Collateral-Free
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Competitive Interest rates
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Minimal Documentation
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Flexible Loan Tenure
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Online Application Process
- Higher Loan Amount: Get up to ₹50 Lakh.
- Collateral-Free: Avail the loan without pledging any collateral.
- Competitive Interest rates: Get interest starting at 15% p.a.
- Minimal Documentation: Provide business address proof, KYC and financial documents.
- Flexible Loan Tenure: Choose repayment tenure of up to 48 months.
- Online Application Process: Apply online from our official website.
How to Apply for a Business Loan in Uttarakhand
Apply for a Business Loan in Uttarakhand in 3 simple steps:
- Step 1: Click the "Apply Now" button and enter your contact details
- Step 2: Enter important business information, such as your company's annual turnover
- Step 3: Click "Submit," and the application will be evaluated and verified
Upon successful verification of your application, the approved amount will be credited to your bank account.
Frequently Asked Questions
Factors that can affect the interest rate of a Business Loan are credit score, business type and vintage, loan amount and market conditions.
There are no prepayment or foreclosure charges involved if the amount is paid from your own sources. However, if the amount is paid from other sources, a penalty of 4% is levied.
Yes, there are applicable taxes levied when paying the loan-processing fee, making prepayments or paying the penalty charges in case of defaults.
*Terms & Conditions Apply
