business loan in visakhapatnam

Business Loan in Visakhapatnam

Starting @15%* p.a.

Online Convenience | Collateral-free | Hassle-Free Documentation

Visakhapatnam, also known as Vizag, is a vibrant coastal city located in Andhra Pradesh, India. With its strategic location, bustling port, and diverse industries, Visakhapatnam offers tremendous opportunities for business growth and development. Whether you are a small enterprise, retailer, trader, or service provider in Visakhapatnam, Poonawalla Fincorp understands your financial needs and offers tailored Business Loans to support your aspirations.

Poonawalla Fincorp's Business Loans provide convenient financing options to meet your diverse business requirements. Whether you need funds for working capital, expansion, equipment purchase, or inventory management, Poonawalla Fincorp offers collateral-free loans with competitive interest rates, hassle-free documentation, and quick disbursal. Our flexible repayment options and personalized customer support ensure a seamless borrowing experience.

%
Calculate

Poonawalla Fincorp understands the importance of affordable financing for businesses in Visakhapatnam. We offer competitive interest rates on Business Loans, ensuring that you can access the funds you need without burdening your finances. Please read the following details for more information:

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

    Quick Approval and Disbursal

  • Competitive Interest Rate Logo

    Minimal Documentation

  • Quick Processing Logo

    Customized Repayment Options

  • Quick Processing Logo

    Competitive Interest Rates

Quick Approval and Disbursal

Poonawalla Fincorp ensures a swift loan approval process and timely disbursal of funds.

Minimal Documentation

Poonawalla Fincorp aims to simplify the loan application process by keeping the documentation requirements to a minimum.

Customized Repayment Options

Poonawalla Fincorp offers customized repayment options to suit your business's cash flow.

Competitive Interest Rates

Poonawalla Fincorp provides Business Loans in Visakhapatnam at competitive interest rates, helping you save on interest costs and improve your business's profitability.

Semi Circle Logo
Laptop Logo
Apply
Online

Apply Online

Click on Apply Now and enter your contact details.

Semi Circle Logo
Document Required Logo
Business
Details

Business Details

Enter your annual business turnover and other business details.

Semi Circle Logo
Laptop Logo
Verification

Verification

The application will then proceed for verification and assessment

Line of Credit:

This financial tool empowers businesses by providing them with a flexible source of funds that can be accessed as needed.

Business Loan for MSME:

If you fall under micro, small and medium enterprise category, Business Loan for MSME is optimal financial solution for meeting all the financial requirements.

Poonawalla Fincorp Limited

Address: Door No.10-5-/22/2/3, "Varsha Tower", 2nd Floor Waltair Main Road, Opp to WNS, Vishakhapatnam-530003
Contact Number: 1800-266-3201 (Toll-Free)
Timing: 10 am – 6:30 pm (First, second & third Saturdays and all Sundays will be weekly off.)

If you are a business owner in Visakhapatnam seeking financial support, Poonawalla Fincorp offers a comprehensive range of Business Loan solutions. With a hassle-free application process, competitive interest rates, and a host of features and benefits tailored to your needs, Poonawalla Fincorp is committed to helping your business thrive. Whether you need funds for expansion, working capital, or purchasing equipment, our flexible loan options provide the necessary financial backing.

*Terms & Conditions Apply

Explore Types of our Business Loan Arrow Logo

Insightful Business Loan Blogs Arrow Logo

Best Time To Apply for Business Loan
When is the Right Time to Take a Business Loan?

Many startups and businesses start with little capital and big dreams. Thankfully, there is a facility called a business loan that can help you achieve

questions to be asked for business loan
What are the Questions Asked on Small Business Loan Applications?

As a small business owner, you may need funding from time to time to continue your business operations. And unlike a few decades ago,

Contact Us logo Quick Apply CIBIL Score logo Free CIBIL Whatsapp logo Connect on WhatsApp