Interest Rate
Starting at 15%* p.a.
Loan Tenure
6-60 Months
Hidden Charges
0%

₹20 Lakh Business Loan EMI Calculator

Know your monthly instalments with our online EMI calculator. Just enter the loan amount, tenure, and interest rate. Calculate 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
6 Months
48 Months

Why Choose Poonawalla Fincorp

High Loan
Amount
No Collateral
Required
Competitive
Interest Rate
Quick
Approval
Minimal
Documentation
Flexible
Repayment Tenure

Apply for a Business Loan Online in Just 3 Steps

step-one-logo

Click on "Apply Now”

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

step-two-logo

Enter Details

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

step-three-logo

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

Submit the following documents while applying:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about the documents required in detail.

Check the payable EMIs for a tenure up to 3 years:

Tenure  Tenure 
1 Year ₹180,517/month 
2 Years ₹96,973/month 
3 Years ₹69,331/ month 

 

 

 

 

 

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

rightArrow
rightArrow

Frequently Asked Questions

A Small Business Loan is an unsecured financing option for businesses to fund operational expenses.

A Small Business Loan can be obtained by business owners, self-employed professionals, or small business entities, subject to eligibility criteria.

No, this is an unsecured business loan and does not require collateral.

 

A borrower can obtain a minimum loan amount between ₹5 Lakh and a Maximum of ₹1 Cr, subject to evaluation.

Multiple factors are used to determine your interest rates, including credit score, age of operation, repayment history, and financial profile.

Once the bank verifies the required documentation, the Small Business Loan approval process is usually very fast.

A Small Business Loan can be used for working capital, operational costs, business expansion, and equipment purchases.

Use a Business Loan EMI calculator to calculate their EMIs by entering information regarding the loan amount, interest rate, and loan tenure.

Yes, you can prepay your Small Business Loan, depending on the bank's terms and conditions.

You can complete the Business Loan application online by filling out the online application form with your business details, mobile number, and bank account information. Once approved, the loan amount is disbursed directly to your bank account by the financial institution.