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

Get a Business Loan of ₹15 Lakh Instantly

Unlock the potential of your business with a ₹15 Lakh Business Loan from Poonawalla Fincorp. Whether you need to expand operations, purchase essential equipment, or seize growth opportunities, this credit facility is designed to empower your entrepreneurial journey. Secure a stable future for your business today with a loan tailored to your needs. Apply now and take the first step towards a brighter future.

Why Choose Poonawalla Fincorp

Collateral-free Loan Collateral-free Loan
Competitive Interest Rate Competitive
Interest Rate
Minimal
Documentation
Quick Approval Quick
Approval
Flexible Repayment Tenure Flexible Repayment Tenure
Zero Hidden Charges

₹15 Lakh Business Loan EMI Calculator

Plan your monthly budget with our online EMI calculator. Just enter your loan amount, interest rate, and tenure. 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 ₹15 Lakh Business Loan

Meet the simple eligibility criteria to qualify:

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

Documents Required for a ₹15 Lakh Business Loan

Submit the following documents and save time on lengthy paperwork:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about the documentation in detail.

Interest Rate and Charges for a ₹15 Lakh Business Loan

Benefit from attractive interest rate and nominal charges:

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

₹15 Lakh Business Loan EMI for Up to 3 Years

Tenure EMI at 15% p.a. Interest Rate
1 year ₹135,387*
2 years ₹72,730*
3 years ₹51,998*

Different Uses of a ₹15 Lakh Business Loan

● Expansion of your business operations

● Entering new markets

● Diversifying your product and service portfolio

● Hiring proficient employees

● Purchasing equipment

● Restocking inventory

Who Can Get a Business Loan

● Women entrepreneurs

● MSMEs

● Retail shop owners

● Sole proprietors

● Partnership firms

Tips for a Successful Business Loan Application

● Determine your business needs

● Prepare a business plan

● Check your business credit score

● Keep all the necessary documents ready

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

Do I have to pledge any assets to avail of a Business Loan from Poonawalla Fincorp?

No, you need not pledge any assets to avail of the loan from us. Poonawalla Fincorp's Business Loan is collateral-free.

What is the maximum loan tenure available for a Business Loan?

You can repay the loan over a maximum period of 48 months with flexible EMI options.

How long does it take to process a ₹15 Lakh Business Loan application?

You can get approval and disbursement instantly after successful verification and approval.