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

Get a Collateral-free Business Loan in Amritsar

Amritsar is renowned for its rich history and culture, as well as its thriving trade and business activities. In the pursuit of growth and expansion, businesses may require financial support. Poonawalla Fincorp offers a collateral-free Business Loan with attractive interest rate for various business needs, including working capital, growth, and equipment purchase.
Partner with us to access the funding you need to grow your business and become a recognised brand in Amritsar. 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 repayments easily with our EMI calculator. Enter the loan amount, tenure, and interest rate to estimate your monthly outgo. 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

Rupees one lakh

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 Amritsar

Meet our simple eligibility criteria to qualify:

  • 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 Amritsar

Submit a few mandatory documents while applying:

  • 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 Amritsar

Avail of a Business Loan with attractive interest rate and minimal charges:

Interest Rate
15%* p.a. onwards
Loan Amount
₹5 Lakh to ₹75 Lakh
Loan Processing Fees
Up to 3% plus applicable taxes
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 plus applicable taxes
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 Amritsar

  • Buying machinery and equipment
  • Paying off debt
  • Expanding your business
  • Funding marketing campaigns
  • Managing cashflow
  • Covering urgent requirements

Who Can Get a Business Loan in Amritsar

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

Tips for a Successful Business Loan Application

  • Review your credit report
  • Improve your credit score
  • Keep all necessary documents ready
  • Avoid multiple loan applications

Poonawalla Fincorp Branch Address in Amritsar

Poonawalla Fincorp Limited

Address: 2nd Floor, B Block, SCO-24, District. Shopping Complex, Ranjit Avenue, Amritsar, Punjab-143001

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

What is the interest rate for a Business Loan in Amritsar?

Interest rate on a Business Loan in Amritsar can vary depending on your creditworthiness, loan amount, and loan term. Poonawalla Fincorp offers loans at competitive interest rate starting at 15%* p.a.

How can I apply for a Business Loan in Amritsar?

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

Can I prepay my Business Loan in Amritsar?

You can prepay your Business Loan in Amritsar, but there are foreclosure charges. For the first 6 EMIs, the charge is 6% on the principal outstanding plus taxes, and after 6 EMIs, it is 5% on the principal outstanding plus taxes.