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

Get a Quick Business Loan in Anantapur

Located in Andhra Pradesh, Anantapur is a dynamic city known for its agricultural, industrial, and commercial activities. With its rich culture and local industries, Anantapur offers plenty of business growth opportunities. To help your business grow, Poonawalla Fincorp offers you a collateral-free loan of up to ₹75 Lakh to turn your dreams into achievements. With the collateral-free loan, higher loan amount, and flexible repayment tenure, you can now grow your business hassle-free. Apply now!

Why Choose Poonawalla Fincorp

Higher Loan
Amount
Collateral-free
Loans
Competitive
Interest Rate
Minimal
Documentation
Quick
Approval
Flexible
Repayment Tenure

Business Loan EMI Calculator

Enter the loan amount, interest rate, and tenure to calculate your loan EMIs and get an accurate amount. 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 Business Loan in Anantapur

Get easy access to our loan by meeting the simple eligibility criteria:

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

Documents Required for a Business Loan in Anantapur

Submit just a few mandatory documents for a hassle-free process:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about the documentation in detail.

Interest Rate and Charges of a Business Loan in Anantapur

We offer Business Loan at attractive interest 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 Anantapur

  • Expanding your business
  • Entering a new market
  • Funding a marketing campaign
  • Buying machinery and equipment
  • Hiring and training new employees
  • Boosting working capital reserves
  • Consolidating multiple debts

Who Can Get a Business Loan in Anantapur

  • MSMEs
  • Retailers
  • Women entrepreneurs
  • Sole proprietors

Tips for a Successful Business Loan Application

  • Avoid filing multiple loan applications.
  • Check your credit score.
  • Check eligibility.
  • Keep all documents ready.
  • Provide correct information.

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 maximum loan amount I can get for a Business Loan?

With Poonawalla Fincorp, you can avail of a Business Loan of up to ₹75 Lakh.

Do I need to pledge assets to avail of a Business Loan?

No, our Business Loan is collateral-free. You don’t need to pledge any asset as security.

What are the benefits of availing a Business Loan in Anantapur?

You get the following advantages with our Business Loan in Anantapur:

  • Collateral-free loans
  • High loan amount
  • Competitive interest rate
  • Paperless application
  • Quick disbursal
  • Flexible loan tenure