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

Get a Collateral-free Business Loan of ​​₹30 Lakh

Accomplish your business goals with a collateral-free Business Loan of ₹30 Lakh from Poonawalla Fincorp. Meet working capital needs, invest in new machinery and equipment, scale up business operations, and consolidate high-interest debt with our hassle-free loan solution. Avail of various advantages, such as attractive interest rate, flexible loan tenure, fast approval, zero hidden charges, and more. Apply now!

Why Choose Poonawalla Fincorp

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

₹30 Lakh Business Loan EMI Calculator

Make a repayment plan to never miss an EMI. Enter the loan amount, tenure and interest rate into our EMI calculator to calculate your EMIs. 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 ₹30 Lakh Business Loan

Meet the simple requirements to be eligible:

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

Documents Required for a ₹30 Lakh Business Loan

Submit the following documents:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about the documentation in detail.

Interest Rate and Charges for a ₹30 Lakh Business Loan

Take a look at the interest rate and other charges associated with a ₹30 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 ₹83,492* 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 ₹30 Lakh Business Loan

● Expand and renovate existing facilities

● Diversify into new product lines

● Purchase machinery and equipment

● Hire new staff

● Consolidate high-interest debt

Who Can Get a ₹30 Lakh Business Loan

● Women entrepreneurs

● Small business owners

● MSMEs (Micro, small and medium enterprises)

● Sole Proprietors

Tips for a Successful Business Loan Application

● Craft a solid business expansion plan

● Fulfil the eligibility criteria

● Submit the necessary documents

● Improve credit score

● Pay off your outstanding debts

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 minimum business vintage required to get a ₹30 Lakh Business Loan?

A minimum business vintage of 2 years is required to opt for a ₹30 Lakh Business Loan.

What is the repayment period for a ₹30 Lakh Business Loan?

Poonawalla Fincorp offers a flexible repayment period between 6 and 48 months for a ₹30 Lakh Business Loan.

Are there any foreclosure charges associated with the ₹30 Lakh Business Loan?

If you decide to foreclose the loan within the first 6 EMIs, you'll be charged 6% on the principal outstanding plus taxes. If you foreclose the loan after the first 6 EMIs, the charge will be 5% on the principal outstanding plus taxes.