Interest Rate
Starting at 15%* p.a.
Loan Tenure
6-48 Months
Hidden Charges
0%

Get ₹10 Lakh Business Loan With Minimal Paperwork!

Fuel the growth of your business with our Business Loan. Benefit from minimal paperwork, attractive interest rate and quick disbursal through this smart financial solution.

With our flexible repayment options tailored to your needs, you can access financial flexibility in your hour of need. Click on ‘Apply Now' and empower your entrepreneurial journey today!

Why Choose Poonawalla Fincorp

No Collateral Required
Competitive Interest
Rate
Minimal Documentation
Quick Disbursal
Flexible Repayment Option
Zero Foreclosure Charges

₹10 Lakh Business Loan EMI Calculator

Calculate your monthly payments easily using our online EMI calculator. Enter the loan amount, tenure, and interest rate to check the applicable EMIs instantly! Try now!

Optimise Your Business Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Interest Rate

%
15 %
30 %

Tenure

Months
6Months
48Months

Apply for a Business Loan in Just 3 Steps

Click on "Apply Now”

Tap the "Apply Now" button to initiate your application.

Enter Details

Enter your DOB, PAN card number, monthly income, and residential details.

Upload Documents

Upload the necessary documents for quicker approval.

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

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a ₹10 Lakh Business Loan

Meet the simple eligibility criteria and get instant approval for a Business Loan:

  • Age: Between 24 and 65 years
  • Citizenship: Indian.
  • Business Vintage: At least 2 years.
  • Annual Turnover: Minimum of ₹6 Lakh.

Documents Required for a ₹10 Lakh Business Loan

Submit the following documents to apply:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about documentation in details.

Interest Rate and Charges for ₹10 Lakh Business Loan

Here are the applicable interest rate and charges for ₹10 Lakh Business Loan:

Interest Rate
15%* p.a. onwards
Loan Amount
₹5 Lakh to ₹75 Lakh
Loan Processing Fees
Up to 3.5%
Lowest EMI Per Month
Starting from ₹13,915* per Lakh for 48 months
Loan Tenure
6 - 48 months
Prepayment/Foreclosure Charges
Up to First 6 EMIs: 6% on principal outstanding + taxes

After 6 EMIs: 5% on principal outstanding + taxes
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500 per bounce
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Different Uses of a ₹10 Lakh Business Loan

  • Business expansion
  • Improvement of existing business set-up
  • Consolidating high-interest business debts
  • Boosting working capital reserves
  • Expand your workforce
  • Purchasing and stock inventory
  • Buying new machinery, equipment, or software
  • Capitalizing on business opportunities

Who Can Get a ₹10 Lakh Business Loan

  • Retail shop owners
  • MSMEs
  • Women entrepreneurs
  • Sole proprietors

Tips for a Successful ₹10 Lakh Business Loan application

  • Understand business needs
  • Review credit history
  • Prepare a detailed business plan
  • Organize your financial statements

₹10 Lakh Business Loan EMI for up to 4 years

Check the appropriate EMIs for different tenures on ₹10 Lakh Business Loan:

Tenure EMI at 15%* p.a. Interest Rate
1 Year ₹90,258*
2 Years ₹48,487*
3 Years ₹34,665*
4 Years ₹27,831*

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

What is the CIBIL score required to get a ₹10 Lakh Business Loan?

A credit score of 750 and above gives you a high chance of getting approved for Poonawalla Fincorp's ₹10 Lakh Business Loan.

Can I prepay my loan without any foreclosure charges?

You can prepay your loan, but there are foreclosure charges. For the first 6 EMIs, the charge is 6% on the principal outstanding plus taxes, and after 6 EMIs, it is 5% on the principal outstanding plus taxes.

How long does it take to get the loan?

It takes only a few days to disburse the loan amount upon the approval of your application.