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Business Loan

Online @ 15%* p.a.

Loan up to ₹50 Lakh | Minimal Documentation | Collateral Free

Tenure Up To 48 months | Easy Transfer Available | Quick Disbursal

Loan up to ₹50 Lakh | Minimal Documentation

Collateral Free | Tenure Up To 48 months

Easy Transfer Available | Quick Disbursal

Empower your business and take it to new heights with Poonawalla Fincorp's fast and hassle-free Business Loan. We provide tailor-made Business Loans to help you get working capital, expand business operations, purchase machinery or inventory, and consolidate your existing high-interest loans.

When you apply for a Business Loan with Poonawalla Fincorp, we offer complete assistance and guide you through the entire process, from filling out the form to getting disbursal.

Our loan disbursement process is optimised at every level, promising a hassle-free borrowing experience. You can apply for a Small Business Loan online and rest easy knowing that your Poonawalla Fincorp Business Loan is there for you.

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As a business owner, you can apply for a Business Loan with Poonawalla Fincorp, and use the funds to :

Fund business expansion or diversification logo

Fund business expansion or diversification

Improve existing business set-up logo

Improve existing business set-up

Consolidate high-interest business debts logo

Consolidate high-interest business debts

Boost working capital reserves logo

Boost working capital reserves

Expand your workforce logo

Expand your workforce

Purchase and stock inventory logo

Purchase and stock inventory

Buy new machinery, equipment, or software logo

Buy new machinery, equipment, or software

Expand your workforce logo

Capitalize on business opportunities

Business Loan Interest Rates 15% p.a onwards
Loan Amount ₹1 Lakh to ₹50 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 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

At Poonawalla Fincorp, we understand the importance of business finance and offer a customised solution for your funding needs. You get the following benefits:

  • No collateral/security required logo

    Collateral-free Business Loan

  • Minimal marriage loan documents required logo

    Minimal Documentation

  • Instant approval and disbursal logo

    Instant Approval and Disbursal

  • Competitively priced low-interest rate loan schemes logo

    Competitive Interest Rate

  • Sizable sanction up to ₹50 lakh logo

    Sanction up to ₹50 Lakh

  • Hassle-free, online application provision logo

    Hassle-free Online Application Process

  • Flexible tenure up to 48 months logo

    Flexible Tenure up to 48 months

  • Fulfill urgent Business Loan requirements logo

    Fulfil Urgent Financial Requirements

Collateral-free Business Loan

Poonawalla Fincorp offers an unsecured Business Loan, meaning you need not provide any collateral or security against the funds you borrow.

Minimal Documentation

Our Business Loan approval process is simple and requires only a few basic documents. So don’t worry about the complicated paperwork and focus on optimum capital utilisation to fulfil your business goals.

Instant Approval and Disbursal

We understand you want to get the Business Loan funds as early as possible to improve your business functions. With our online Business Loan application process, you get instant approval, and the amount is directly credited to your bank account.

Competitive Interest Rate

With our low-interest Business Loan, you need not worry about paying high EMIs.

Get Loan Up To ₹50 Lakh

At Poonawalla Fincorp, we provide Business Loans up to ₹50 Lakh. You can avail a Small Business Loan if you need a lower amount. The eligibility criteria for both loans are simple. No matter what your needs are, we’ll offer the best deal.

Flexible Tenure of Up To 48 months

Poonawalla Fincorp gives you flexible repayment tenure of up to 48 months for your Business Loan. You can choose the repayment tenure to suit your financial situation and repay the amount without any hassles.

Fulfil Urgent Business Loan Requirements

Financial emergencies or unexpected business expenses can arise anytime. In such a situation, applying for a short-term Business Loan with Poonawalla Fincorp can help you get the funds instantly to cover your costs and honour all your business commitments.

At Poonawalla Fincorp, eligibility requirements for a Business Loan are specially designed to help you save time and get quick approval. Our eligibility criteria include:

  • Age : Between 24 and 65 years.
  • Annual turnover : Your enterprise must have a minimum annual turnover of ₹6 Lakh.
  • Business vintage : Your business must have been in operation for at least two years since its registration date.

Please find the full Business Loan eligibility criteria list online, or you can contact us for more details.

Documents Required

We understand dealing with paperwork can be overwhelming, so we have a minimal documentation. Our document requirements include:

  • KYC documents logo

    KYC Documents

  • Business address proof logo

    Business Address Proof

  • Financial documents logo

    Financial Documents

  • KYC Documents : Government-issued ID such as PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
  • Business Address Proof : Rent agreement, utility bills, or passport.
  • Financial Documents :Bank statement of the past six months.

Please note: This list is indicative, and the actual list of documents will depend on your profile, requirement and Poonawalla Fincorp’s policy at the time of application.

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Online

Apply Online

Click on Apply Now and enter your contact details.

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Business
Details

Business Details

Enter your annual business turnover and other business details.

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Verification

Verification

The application will then proceed for verification and assessment

You can apply for a Business Loan by following these three simple steps:

  • Step 1 : Click on the ‘Apply Now’ button.
  • Step 2 : Fill in the required details on the loan application form.
  • Step 3: Upload necessary documents.

On successful verification, the loan amount will be disbursed into your bank account instantly.

What is a Business Loan?

A Business Loan is a credit that is taken by business owners to cater to the monetary requirements that arise from time to time. This type of loan is generally unsecured and is repaid by the borrower in Equated Monthly Instalments (EMIs) at a specific interest rate and over a pre-determined tenure.

How to get a Business Loan?

Applying for a Business Loan with Poonawalla Fincorp is easy. You can apply online and involves only a few steps, which are mentioned below:

  • Step 1: Click on the ‘Apply Now’ button on Business Loan page
  • Step 2: Fill in the application form
  • Step 3: Upload the necessary documents
  • Step 4: Wait for approval
  • Step 5: Authorise disbursal and get the amount credited to your bank account
Who is eligible for a Business Loan?

The eligibility criteria for a Business Loan from Poonawalla Fincorp are quite simple. Applications are broadly assessed according to the following criteria:

  • Age – You must be aged between 24 to 65 years
  • Business Vintage – Your business must be in operation for at least two years
  • Annual Turnover – Your business must have a minimum annual turnover of ₹6 Lakh.
What are the advantages of a Business Loan?

Business Loan from Poonawalla Fincorp offers you several advantages, such as:

  • You can get a loan up to ₹50 Lakh without any need for pledging a collateral
  • Competitive interest rate
  • Hassle-free application process that is completely online
  • Minimum documentation
  • A flexible loan repayment tenure of up to 48 months
  • Complete transparency about the charges involved
Can a salaried person take Business Loan?

No. A salaried person cannot take a Business Loan from Poonawalla Fincorp. It is only available to business owners for their business requirements like working capital, business expansion, buying machinery, etc.

If you are a salaried employee, you can apply for a Personal Loan from Poonawalla Fincorp.

Which bank or NBFC offer a Business Loan easily?

Many banks and NBFCs like Poonawalla Fincorp offer Business Loan in India. You can apply for a Business Loan with us as we provide Business Loan up to ₹50 Lakh without any collateral. Also, our online application process lets you get quick approval and disbursal.

How can I get a Business Loan without collateral?

You can get a Business Loan without collateral from Poonawalla Fincorp. But, to get the loan, you must meet the eligibility requirements, and submit the necessary documents.

What is a loan restructuring?

Loan restructuring refers to the process of modifying the terms and conditions of an existing loan agreement to provide borrowers with temporary relief from financial difficulties. It is usually done when a borrower is struggling with repaying the loan.

Loan restructuring may involve revising the repayment schedule, interest rates, or even the principal amount. The goal is to enable you manage the repayment well and avoid defaulting on the loan.

Does Business Loan Affect Personal Credit?

In most cases, a Business Loan does not directly affect an individual's personal credit. Lenders evaluate the creditworthiness of a business separately based on its financials, credit history, and other factors.

However, it’s important to note that some lenders may consider the personal credit of business owners, especially for small businesses or startups with limited credit history to determine Business Loan eligibility.

*Terms & Conditions Apply

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