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

Get a Business Loan in Asansol Online

Asansol, an industrial city in West Bengal, is known for its manufacturing and commercial industries, particularly in steel, coal, and manufacturing. In this city, growing a business may require financial support. Therefore, from capital needs to paying employee salaries, get a Business Loan in Asansol from Poonawalla Fincorp of up to ₹75 Lakh at a competitive interest rate with minimal documentation and quick approval. Apply now!

 

 

Why Choose Poonawalla Fincorp

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

Business Loan EMI Calculator

Make a repayment plan using our Business Loan EMI Calculator to manage repayments effectively. Enter the loan amount, interest rate and tenure to calculate EMIs 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 Business Loan in Asansol

Meet our simple eligibility criteria to qualify:

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

Documents Required for a Business Loan in Asansol

Submit the mandatory documents to streamline the application process:

  • 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 Asansol

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 3.5%
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 Asansol

  • Inventory purchase
  • Invest in new equipment
  • Workforce expansion
  • Meet working capital needs
  • Expansion of existing set-up

Who Can Get a Business Loan in Asansol

  • Women entrepreneurs
  • Sole proprietors
  • Retailers
  • MSMEs
  • Trusts
  • Partnership firms

Tips for a Successful Business Loan Application

  • Know the loan purpose
  • Check the eligibility criteria
  • Avoid multiple applications
  • Submit relevant documents
  • Check your credit score

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 are the eligibility criteria for availing of a Business Loan in Asansol?

To apply for a Business Loan from Poonawalla Fincorp, you must be between 24 and 65 years old, have at least 2 years of business vintage, and have a minimum annual turnover of ₹6 Lakh.

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

The interest rate for a Business Loan in Asansol varies depending on the loan type, loan amount, tenure, and creditworthiness. Poonawalla Fincorp provides Business Loan with interest rate starting at 15%* p.a.

What common documents are required to apply for a Business Loan in Asansol?

The common documents required for applying a Business Loan in Asansol include KYC documents, business address proof, and financial documents. Check your documents page for more details.