Meet Your Business’ Financial Needs with Business Loan
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.
Calculate Monthly Business Loan EMI
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Different Uses of Business Loan
As a business owner, you can apply for a Business Loan with Poonawalla Fincorp, and use the funds to :
Fund business expansion or diversification
Improve existing business set-up
Consolidate high-interest business debts
Boost working capital reserves
Expand your workforce
Purchase and stock inventory
Buy new machinery, equipment, or software
Capitalize on business opportunities
Business Loan – Schedule of Charges
| 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 | |
Business Loan Features and Benefits
At Poonawalla Fincorp, we understand the importance of business finance and offer a customised solution for your funding needs. You get the following benefits:
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![No collateral/security required logo]()
Collateral-free Business Loan
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![Minimal marriage loan documents required logo]()
Minimal Documentation
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![Instant approval and disbursal logo]()
Instant Approval and Disbursal
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![Competitively priced low-interest rate loan schemes logo]()
Competitive Interest Rate
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![Sizable sanction up to ₹50 lakh logo]()
Sanction up to ₹50 Lakh
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![Hassle-free, online application provision logo]()
Hassle-free Online Application Process
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![Flexible tenure up to 48 months logo]()
Flexible Tenure up to 48 months
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![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.
Eligibility Criteria
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:
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KYC Documents
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Business Address Proof
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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.
Apply for Instant Business Loan 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
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.
Frequently Asked Questions
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.
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
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.
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
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.
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.
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.
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.
In most cases, a Business Loan does not directly affect an individual's Business 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 Business credit of business owners, especially for small businesses or startups with limited credit history to determine Business Loan eligibility.
*Terms & Conditions Apply
Customer Reviews for Our Business Loan
I run a chain of pharmacy stores with 5 branches in Pune. With the growing popularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficult for me to hire delivery persons. With Poonawalla Fincorp’s Business Loan, I am now able to compete with online pharmacy retailers, manage working capital, and upgrade my system. My customers have also grown by 50-60%. The loan application process is digital, simple, and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operations seamlessly.
I run a chain of pharmacy stores with 5 branches in Pune. With the growing popularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficult for me to hire delivery persons. With Poonawalla Fincorp’s Business Loan, I am now able to compete with online pharmacy retailers, manage working capital, and upgrade my system. My customers have also grown by 50-60%. The loan application process is digital, simple, and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operations seamlessly.
