Apply for Business Loan in Vellore
Vellore, located in the southern state of Tamil Nadu, is a bustling city known for its rich history, educational institutions, and emerging business opportunities. As businesses in Vellore strive to expand and thrive, the need for financial assistance becomes crucial. Poonawalla Fincorp, a reputable financial institution, offers Business Loans specifically designed to cater to the unique requirements of businesses in Vellore.
Applying for a Business Loan in Vellore with Poonawalla Fincorp is a seamless process. You can easily apply online through our user-friendly website or visit the branch in Vellore for personalized assistance. With a simple application form and minimal documentation requirements, Poonawalla Fincorp ensures quick loan processing, ensuring that you can access the funds you need to grow your business efficiently.
Business Loan EMI Calculator
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Business Loan Interest Rates in Vellore
Poonawalla Fincorp offers competitive interest rates on Business Loans in Vellore, making it affordable for entrepreneurs to borrow the required capital. Further details can be found below:
| 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 | 5% on principle outstanding plus applicable taxes |
| 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 | |
Features of Business Loan in Vellore
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Minimal Documentation
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Quick Loan Approval
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No Collateral Required
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Dedicated Customer Support
Minimal Documentation
Poonawalla Fincorp ensures a hassle-free loan application process with minimal documentation requirements, saving you time and effort.
Quick Loan Approval
With a streamlined loan approval process, Poonawalla Fincorp ensures swift approval and disbursal of funds to support your business growth.
No Collateral Required
Poonawalla Fincorp offers unsecured Business Loans, eliminating the need for collateral and reducing the risk associated with securing the loan.
Dedicated Customer Support
Poonawalla Fincorp provides dedicated customer support to assist you throughout the loan application and repayment process, addressing all the queries or concerns.
Apply for Instant Business Loan In Vellore 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 Vellore
Small Business Loans:
Poonawalla Fincorp offers Business Loan to Small Businesses catering to different financial requirements.
Business Loan for Working Capital:
This financial tool empowers businesses to access funds as needed, providing them with the flexibility to manage their cash flow effectively and address immediate funding requirements.
Business Loan for Women:
Poonawalla Fincorp offers financing solutions tailored for businesswomen to cater different financial requirement regarding their business.
