business loan

Collateral-free Business Loan
with festive offers

Attractive interest rates
starting from 15%* p.a.

100-digital-process

100% digital
process

Loan-Amount-up-to

Loan Amount
Up to ₹30 Lakhs

Online Business Loan Without Collateral

Quick Loan | Online Application | Hassle-Free | MSME Friendly

Empower your business and take it to new heights with capital infusion from the Poonawalla Fincorp Business Loan. We offer business loans for the MSME sector and have designed our offering to match your unique needs. Poonawalla Fincorp offers business owners and entrepreneurs of India quick, small business loans to ensure funding is never an obstacle when striving towards success.

We have optimised every step of the way to promise a hassle-free and time-efficient experience. You can apply for a business loan completely online, in just a few minutes, get instant approval, and have the entire sanction disbursed just as quickly. You can rely on the Poonawalla Fincorp Business Loan in emergencies and never have to worry about lack of capital.

Various Business Loan Needs

    The business loan sanction can be used to meet any business-related expense without restriction. Business owners can use the capital to:
  • Fund business expansion or diversification
  • Improve existing business set-up
  • Consolidate high-interest business debts
  • Boost working capital reserves
  • Hire new workforce
  • Purchase and stock inventory
  • Buy new machinery, equipment, or software
  • Capitalise on business opportunities

We understand the value of effective business finance and offer a tailored solution for your funding needs. The Poonawalla Fincorp Business Loan is a financing instrument you can rely on whenever your enterprise needs capital on cost-effective terms.

Top Features of the Poonawalla Fincorp Business Loan

    The business loan sanction can be used to meet any business-related expense without restriction. Business owners can use the capital to:
  • Easy-to-meet business loan eligibility criteria
  • Minimal requirement for documentation
  • Instant approval and disbursal
  • Competitive business loan interest rate
  • Zero hidden charges
  • Sizable sanction up to Rs.30 lakh
  • Collateral-free business loan
  • Hassle-free, online application provision
  • Flexible tenure options up to 36 months

Qualifying for new business loans with Poonawalla Fincorp is simple and effortless. Our loan requirements are designed to save time and position you for success at every turn. To ensure you don’t run into any problems or have issues during loan processing, we assess applications based on the following criteria:

    The business loan sanction can be used to meet any business-related expense without restriction. Business owners can use the capital to:
  • Age
  • Annual turnover
  • Business vintage

Find the full list of business loan eligibility criteria online or simply contact us to know more.

Documents Required for Business Loan

We only require applicants to submit basic business loan documents. As such, you don’t have to worry about time-consuming paperwork or running into funding delays because of it. This MSME business loan requires applicants to submit only the following documents.

    The business loan sanction can be used to meet any business-related expense without restriction. Business owners can use the capital to:
  • Basic KYC information
  • Business address proof
  • Financial documents

On meeting these simple requirements, you can apply for the business loan online in just a few steps. The entire process can be done digitally as you can upload documents conveniently online.

    The business loan sanction can be used to meet any business-related expense without restriction. Business owners can use the capital to:
  • Small Size Business Entities
  • Medium Size Business Entities

What is a business loan and are there any advantages of loan capital?
A business loan is an unsecured offering for business-related expenses. There are several advantages of this loan sanction, some of which include flexibility of usage and repayment.

How to get a business loan with Poonawalla Fincorp?
Getting small business loans are simple and can be done offline or completely online. Do note that you have to meet all the prerequisites before you apply to minimise delays.

Can I get an MSME loan for new business?
We do not offer loans to new businesses. Business owners can qualify for funds if their business has a minimum annual turnover of at least Rs.20 lakh and has a business vintage of 3 years.

Are there any advantages of unsecured business loans?
Yes, a key advantage of an unsecured business loan is that it safeguards business assets. Additionally, our unsecured business loans are easier to avail and have quicker turnaround times to ensure you get the required capital on time.

Is it easy to avail this business loan in India?
Yes. The Poonawalla Fincorp Business Loan is extremely easy to avail and has a quick turnaround time. We offer an online business loan to ensure the loan is accessible to you at all times.

Interest Rate

APR ranging from 15% to 26% | One-time Processing Fee up to 2% plus taxes.

Repayment

Flexible repayment tenure from 1 year to 3 years with pre-payment charges of 5% on principal outstanding plus applicable taxes.

Example

Loan Amount Rs.10 lakh, Interest Rate: 15%, Tenure: 3 years, equates to EMI of Rs. 34,665 per month.

This rate of interest is prone to fluctuation basis our internal credit and risk policy, and as per an algorithmic multivariate score card.
*T&C Apply

Apply for Business Loan Online in 5 Easy Steps Arrow Logo

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Apply
Online

Apply Online

Visit the application form and fill in the details.

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Submit
Documents

Submit Documents

Provide your KYC and Income documents.

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Verification

Verification

The application is then processed for loan verification

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Quick
Approval

Quick Approval

Get your loan approval in quick TAT

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Instant
Disbursed

Instant Disbursed

That’s it! Loan is credited in your bank account.

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The key to a sustainable business is its financial and cash flow management! Your working capital helps you define a realistic business growth plan, goals and grab the opportunities on your way. Whether you want to scale up the operations, expand the existing structure, purchase state-of-the-art machines and equipment, or need help in maintaining your day-to-day capital, cash flows management plays a crucial rule for all of them.

Loan Against Property
Advantages of Loan Against Property

A Loan against property is a secured loan granted when you offer your existing residential or commercial property as collateral. These loans are sanctioned by housing finance companies and banks, usually at a lower rate of interest than other traditional forms of loans.

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