Apply for Business Loan in Visakhapatnam
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.
Business Loan EMI Calculator
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Business Loan Interest Rates in Visakhapatnam
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 | ₹5 Lakh to ₹75 Lakhs |
| 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 |
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| Default Charges | 24% per annum |
| Repayment Instrument Dishonor Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
Note: Default Charges: Penalty will be charged for non payment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.
Features of Business Loan in Visakhapatnam
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Quick Approval and Disbursal
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Minimal Documentation
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Customized Repayment Options
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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.
Apply for Instant Business Loan In Visakhapatnam within 5 Minutes
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Enter your annual business turnover and other business details.
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Purpose of Business Loan in Visakhapatnam
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 Branch Address in Visakhapatnam:
Poonawalla Fincorp Limited
Address: Door No.10-5-/22/2/3, 2nd Floor, Varsha Tower, Waltair Main Road, Opp to WNS building, Vishakhapatnam, Andhra Pradesh-530003
Contact Number: 1800-266-3201 (Toll-Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)
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
