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

Apply for a ₹40 Lakh Business Loan

Unlock exponential growth for your business with our ₹40 Lakh loan. Poonawalla Fincorp's loan is the perfect solution for business expansion, inventory management, or boosting working capital with competitive interest rate, flexible repayment terms, and fast approvals. Apply now and take a step towards success today!

Why Choose Poonawalla Fincorp

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

₹40 Lakh Business Loan EMI Calculator

Use our EMI calculator to determine your monthly repayment amount. Enter the loan amount, tenure and interest rate to check your EMI amount 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 ₹40 Lakh Business Loan

Meet the simple eligibility criteria to qualify:

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

Documents Required for a ₹40 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 ₹40 Lakh Business Loan

We offer Business Loan at competitive rate and nominal charges:

Interest Rate
15%* p.a. onwards
Loan Amount
₹5 Lakh to ₹75 Lakh
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 ₹40 Lakh Business Loan

  • Working capital support
  • Hiring and training employees
  • Investing in new equipment
  • Capitalising on opportunities
  • Expanding operations
  • Paying off debt

Who Can Get a ₹40 Lakh Business Loan

● Business owners

● Sole proprietors

● Retail shop owners

● Owners of any MSME

Tips for a Successful Business Loan Application

  • Know your business needs
  • Check your business credit score
  • Keep all the documents ready
  • Avoid multiple applications

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 Business Loan?

A credit score of 750 and above gives you a high chance of getting approved for a Business Loan.

What is the EMI for a ₹40 Lakh Business Loan?

The exact EMI for loan depends on the interest rate and the repayment period (tenure). You can use our Business Loan EMI calculator to estimate your monthly payment by entering loan amount, interest rate and tenure.

How long does my business need to be operational to qualify for a Business Loan?

To be eligible, businesses must have been operational for at least 2 years and have an annual turnover of at least ₹6 Lakh.