Loan Amount
Up to ₹75 Lakh
Interest Rate
Starting at 15%* p.a.
Loan Tenure
6-48 Months

Avail of a Business Loan in Amravati Online

Amravati is a thriving commercial hub in Maharashtra known for its textile industries and vibrant agricultural sector. The city presents a wide landscape for business growth. Capitalize on opportunities and drive growth with our Business Loan.

Our loan is tailored to support you in expanding operations, managing working capital needs, purchasing equipment, or any other business need. Get up to ₹75 Lakh at competitive interest rate with minimal paperwork and quick disbursal. Apply now!

Why Choose Poonawalla Fincorp

High Loan
Amount
Collateral-free
Loan
Competitive
Interest Rate
Minimal
Documentation
Flexible
Repayment Tenure
No Hidden
Charges

Business Loan EMI Calculator

Calculate your monthly payments with our online EMI calculator. Just enter the loan amount, interest rates and tenure. 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 Business Loan in Amravati

Meet our simple eligibility criteria to get started on your application:

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

Documents Required for a Business Loan in Amravati

Submit the mandatory documents:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about the documentation in detail.

Interest Rate and Charges for a Business Loan in Amravati

Secure funding for your venture with competitive rate 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 ₹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 Business Loan in Amravati

  • Business expansion
  • Improvement of existing business set-up
  • Consolidating high-interest business debts
  • Boosting working capital reserves
  • Expand your workforce
  • Purchasing and stock inventory
  • Buying new machinery, equipment, or software
  • Capitalizing on business opportunities

Who Can Get a Business Loan in Amravati

  • Retail shop owners 
  • Sole proprietors 
  • MSMEs  
  • Women entrepreneurs 
  • Partnership firms 

Tips for a Successful Business Loan Application

  • Know your business needs
  • Review credit history
  • Prepare a detailed business plan
  • Organize your financial statements

Poonawalla Fincorp Branch Address in Amravati

Poonawalla Fincorp Limited

Address: 2nd Floor, Plot no. 16, Sai Nagar Road, Opp Brilliancy Tutorial, Gawande Nagar, Amravati, Maharashtra 444605

Contact Number: 1800-266-3201 (Toll Free)

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)

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

Do I have to visit a physical branch to apply for a Business Loan?

If you wish to apply for our Business Loan, you can either visit our branch or apply online in just a few simple steps with minimal documentation.

What is the minimum Business Loan amount?

Poonawalla Fincorp provides a Business Loan ranging from ₹5 Lakh to ₹75 Lakh, provided your business has been in existence for at least 2 years.

What is the minimum annual income for a Business Loan?

To apply for a Business Loan from Poonawalla Fincorp, the minimum annual turnover of at least ₹6 Lakh.