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

Get a Flexible Business Loan in Aurangabad

Aurangabad is a vibrant city known for its historical and cultural heritage. Its economy mainly relies on silk and cotton textiles and tourism. In this thriving business landscape, you can avail of funds to expand your business, invest in new technology, or manage your working capital with our Business Loan in Aurangabad. Partner with us to unlock the full potential of your business and drive success. Apply now and get a loan of up to ₹75 Lakh with minimal documentation and quick approval.

Why Choose Poonawalla Fincorp

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

Business Loan EMI Calculator

Use our EMI calculator to compute your monthly payments. Just enter the loan amount, interest rate and tenure for instant results. Try it out 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 Aurangabad

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 Aurangabad

Submit the mandatory documents to apply:

  • 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 Aurangabad

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 Aurangabad

 

  • Upgrade existing business set-up
  • Expand your workforce
  • Purchase software, machinery, or inventory.
  • Boost capital reserves

Who Can Get a Business Loan in Aurangabad

  • MSMEs
  • Retailers
  • Private business owners
  • Women entrepreneurs

Tips for a Successful Business Loan Application

  • Understand your business needs
  • Have a business plan ready
  • Check your credit score and history
  • Keep all the documents ready

Poonawalla Fincorp Branch Address in Aurangabad

Poonawalla Fincorp Limited

Address: 2nd Floor, Alaknanda Complex, Near Baba Petrol Pump, Aurangabad, Maharashtra-431005

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

Is there any fee charged for prepaying a Business Loan in Aurangabad?

Yes there is a charge for prepaying a Business Loan in Aurangabad. 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.

Is it necessary to visit the Poonawalla Fincorp branch to avail of a Business Loan in Aurangabad?

You need not visit the branch physically to avail of a Business Loan. You can apply for the loan and submit the loan documents through the online mode. 

Can I get a Business Loan in Aurangabad without collateral?

Yes, you can get a Business Loan in Aurangabad without collateral. However, you should meet the eligibility criteria and submit the relevant documents to have a higher chance of securing loan approval.