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

Apply for a Business Loan of ₹20 Lakh

Grow your enterprise by getting access to sufficient financial resources. Invest in working capital, stock up on new machinery and inventory or meet any business-related financial obligations with the newly obtained funds.

Apply for a Business Loan from Poonawalla Fincorp to meet the costs associated with your business and benefit from our competitive interest rates and minimum hassles.

Why Choose Poonawalla Fincorp

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

₹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
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 ₹20 Lakh Business Loan

Meet the simple eligibility requirements to apply:

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

Documents Required for a ₹20 Lakh Business Loan

Submit the following documents while applying:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about the documents required in detail.

Interest Rate and Charges for a ₹20 Lakh Business Loan

Poonawalla Fincorp offers Business Loan at competitive rate of interest 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 ₹55,661* 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 Dishonor 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

 

₹20 Lakh Business Loan EMI for up to 3 Years

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

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Frequently Asked Questions

What is the lowest EMI for a Small Business Loan?

The lowest EMI for our Small Business Loan starts from ₹13,915 for a loan amount of up to ₹75 lakh with an interest rate of 15%* p.a. onwards and a loan tenure of up to 48 months.

Do I need to provide collateral to get a Small Business Loan?

No, you do not need to provide any asset as collateral to avail of our Small Business Loan. 

What is the repayment tenure for a Small Business Loan?

The loan tenure for our small business loan ranges from 6 to 48 months. You should select a loan tenure based on your repayment capacity.