Apply for Business Loan in Vijayawada
Vijayawada, located on the banks of the Krishna River in the state of Andhra Pradesh, is a vibrant city known for its commercial and industrial activities. It serves as a major trading center and attracts entrepreneurs and businesses from various sectors. Applying for a Business Loan in Vijayawada has never been easier.
With Poonawalla Fincorp, you can conveniently apply for a loan online or visit their nearest branch. The application process is simple and hassle-free. You need to fill out the application form, submit the required documents, and provide relevant business information. Poonawalla Fincorp's experienced team will then evaluate your application and provide a quick decision on loan approval.
Business Loan EMI Calculator
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Business Loan Interest Rates in Vijayawada
Poonawalla Fincorp offers competitive interest rates on Business Loans in Vijayawada. The interest rates may vary based on factors such as the loan amount, repayment tenure, and the applicant's creditworthiness. Further details can be found below:
| 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 | |
Benefits of Business Loan in Vijayawada
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Flexibility
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Quick Approval
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Minimal Documentation
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Competitive Loan Amount
Flexibility
Poonawalla Fincorp offers flexible repayment options, allowing you to choose a tenure that suits your business cash flow. You can opt for shorter or longer repayment periods based on your convenience.
Quick Approval
With Poonawalla Fincorp's efficient loan processing, you can expect quick approval on your Business Loan application. This ensures you receive the funds in a timely manner, enabling you to seize business opportunities promptly.
Minimal Documentation
Poonawalla Fincorp understands the value of your time. Hence, the Business Loan application requires minimal documentation, making the process hassle-free and time-efficient.
Competitive Loan Amount
Depending on your business requirements and eligibility, Poonawalla Fincorp offers a substantial loan amount to meet your financial needs effectively.
Apply for Instant Business Loan In Vijayawada 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
Purpose of Business Loan in Vijayawada
Merchant Cash Advances:
Using Merchant Cash Advances businesses can pay upfront cash based on their projected future credit card sales.
SBA Loans:
With the Small Business Administration (SBA) to provide customized loans specifically designed for small businesses.
Line of Credit:
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.
Poonawalla Fincorp Branch Address in Vijayawada:
Poonawalla Fincorp Limited
Address: 3rd Floor, RS Towers, Benz Circle, Screw Bridge Down, Vijayawada-520010
Contact Number: 1800-266-3201 (Toll-Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)
When it comes to availing a Business Loan in Vijayawada, Poonawalla Fincorp stands out as a reliable and customer-oriented financial institution. Our Business Loan product offers attractive features such as flexibility, competitive interest rates, quick approval, and minimal documentation. Whether you are a small business owner or an established entrepreneur, Poonawalla Fincorp can provide the financial support you need to achieve your business goals.
*Terms & Conditions Apply
