Get a Business Loan of ₹5 Lakh
Apply for our ₹5 Lakh Business Loan online and take your business growth to new heights! From expansion to purchasing new equipment, our unsecured loan covers any and all of your business needs. Enjoy a hassle-free online application process with minimal paperwork, competitive interest rates, and quick approval that's designed to empower entrepreneurs like you. Apply now!
Why Choose Poonawalla Fincorp
₹5 Lakh Business Loan EMI Calculator
Plan your repayments with our online Business Loan EMI calculator. Strategically map out your EMIs, ensuring you're on track with your monthly budget goals. Just insert your loan amount, interest rate, and loan tenure to see what your EMI could be. Try now!
Apply for a Business Loan Online 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.
₹5 Lakh Business Loan Eligibility Criteria
Meet these simple eligibility criteria to qualify for an instant Business Loan:
- Age: Between 24 and 65 years.
- Citizenship: Indian.
- Annual Turnover: Minimum ₹6 Lakh.
- Business Vintage: At least 2 years.
Documents Required for a ₹5 Lakh Business Loan Online
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 ₹5 Lakh Business Loan
Check the interest rate and charges of our loan:
After 6 EMIs: 5% on principal outstanding + taxes
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 ₹5 Lakh Business Loan
- Expanding and renovating your business
- Diversifying into new products or services
- Purchasing the latest equipment or software
- Hiring additional employees
- Increasing reserves for working capital
- Capitalising on new opportunities
Who Can Get a ₹5 Lakh Business Loan
- A retail shop owner
- Sole proprietorship
- MSME (micro, small and medium enterprise)
- Women entrepreneurs
Tips for a Successful Business Loan Application
- Know your business needs
- Create a business plan
- Check your credit score
- Keep all the documents ready
Types of Business Loans
Poonawalla Fincorp offers various types of business loans to help you meet your financial needs:
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Loan for Business Women
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Business Loan For Working Capital
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Business Loan for MSME
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Business Loan for Proprietorship
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Shopkeeper Loan
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Instant Business Loan
Happy Customers, Happy Us


I opted for a Loan Against Property balance transfer with Poonawalla Fincorp, and the experience exceeded my expectations. The application process was completely digital, quick, and required minimal paperwork. Getting a significantly lower interest rate helped me reinvest in my business. With better financial flexibility, I was able to scale operations efficiently, leading to a 30% increase in business turnover. Poonawalla Fincorp made the entire journey stress-free, and I highly recommend their services to any business owner looking for smart financial solutions.


Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!


Securing a loan to purchase a commercial property with rental income was crucial for my business. Having previously worked with Poonawalla Fincorp, I was confident in their services. The process was incredibly smooth and transparent. The quick disbursement and excellent post-sales support made the entire experience stress-free. Thanks to Poonawalla Fincorp, I now own a prime commercial property in Mumbai, which has significantly boosted my business. Their quick turnaround time and excellent post-sales support made all the difference. I wholeheartedly recommend them to anyone in need.


I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!


A friend in need, is a friend indeed. Poonawalla fincorp has been like one of those friends for me, who has supported me in my journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.


I am practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that i was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla fincorp hab been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free. and the digital application process made it very simple to get a Professional Loan as a CA. I recommend to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.


I run a chain of farmacy stores with 5 branches in pune. With the growing polpularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficulf for me to hire delivery persons. With Poonawalla fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan applicatipn process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operationg seamlessly.
Explore Different Types of Business Loans to Suit Your Needs











































































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Frequently Asked Questions
Interest rate starts from 15% annually and depends on your credit profile and business financials.
The interest rate for an unsecured business loan starts from 15% annually and depends on your credit profile and business financials. The final rate is determined after evaluating your business turnover, credit history, and overall risk assessment.
Yes, getting a loan if you have a low credit score is possible. Lenders consider various factors beyond credit score, including business performance and cash flow. However, a minimum CIBIL score of 750 is desirable.
Our streamlined digital process ensures quick disbursal and approval, typically within 24-48 hours of submitting the required documents and verification of the same. Once approved, the loan amount is disbursed directly to your bank account, often on the same day. This helps alleviate immediate financial constraints.
Yes, you can prepay your Business Loan before the loan tenure ends. However, there are foreclosure charges applicable as per the loan terms: 6% on principal outstanding (plus taxes) for up to the first 6 EMIs, and 5% on principal outstanding (plus taxes) after completing 6 EMIs.
If you miss an EMI payment, there'll be default charges of 24% per annum plus applicable taxes on the overdue amount. Opt for financial institutions that offer flexible repayment options so you can better plan your repayments. It's also recommended to set up auto-debit to ensure timely payments and maintain a good credit record.
A minimum credit score of 750 is part of the eligibility criteria for a ₹5 Lakh unsecured Business Loan. However, there are other factors that are considered, like business turnover, cash flow, and banking relationships. This way, applicants with slightly lower scores may still qualify.
You have the option of taking on a secured or an unsecured Business Loan, depending on urgency, amount, and other factors. Poonawalla Fincorp offers an unsecured loan, perfect for small businesses. You won't need to pledge any collateral, property, or assets as security, and approval is based purely on business performance and creditworthiness.
Eligibility for a ₹5 Lakh Business Loan typically requires the applicant to be aged between 21 and 65 years. Another requirement is that the business applicants should have at least 2 years of business stability to qualify for a ₹5 Lakh loan.
KYC documents such as PAN Card and Aadhaar Card are required when applying for a business loan. You also need income proof, such as the last two years' Income Tax Returns (ITRs), and business address proof. Overall, the minimal documentation makes the application quite seamless.
The application process to get a ₹5 Lakh Business Loan online is a pretty simple process. These are the steps:
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Click on the "Apply Now" button to initiate your loan application
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Enter your details, including DOB, PAN card number, monthly income, and residential information
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Upload the necessary documents for verification and approval
Yes, you can get an unsecured loan for business online, helping you meet your business expenses with ease. The entire application process is completely digital, which allows borrowers to apply from anywhere without visiting any physical branch or office.