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

Get a Business Loan in Bareilly Online

Bareilly, a charming city in western Uttar Pradesh, is also known as Nath Nagri or Jhumka City. The city is full of growth opportunities for existing businesses. Expand your venture by availing of a Business Loan in Bareilly with minimal documents from Poonawalla Fincorp. Enjoy higher loan amounts of up to ₹75 Lakh, flexible EMIs, simple eligibility criteria, and quick approval on your loan. 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

Use the EMI calculator to know the monthly payments for your Business Loan. Enter the loan amount, interest rate and tenure to get the results 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 Bareilly

Meet the simple eligibility criteria to get the loan:

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

Documents Required for a Business Loan in Bareilly

Submit just a few 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 Bareilly

Secure a Business Loan at competitive 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 Bareilly

  • Expanding or renovating your existing business 
  •  Diversifying into new products or services  
  • Managing working capital requirements 
  • Hiring and training new employees 
  • Capitalising on new business opportunities 
  • Buying new equipment, tools and software 
  • Consolidating debt   

Who Can Get a Business Loan in Bareilly

  • Sole entrepreneurs 
  • Small business owners 
  • Female entrepreneurs 
  • MSMEs  
  • Retail shop owners 

Tips for a Successful Business Loan Application

  • Plan your business expansion requirements.  
  •  Check your credit score.   
  • Check your eligibility.  
  • Keep documents handy.  
  • Provide accurate information.  ​

​​​Poonawalla Fincorp Branch Address in Bareilly

Poonawalla Fincorp Limited 

Address: 2nd Floor, Sheel Kishan Tower, Block No. 63, Plot no.09, Near Bikaner Wala, Bareilly, Uttar Pradesh-243001 

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

Poonawalla Fincorp’s Business Loan eligibility criteria include: the minimum age of the applicant must be between 24 and 65 years, the minimum vintage of the applicant must be 2 years, and the annual turnover of the business must be at least ₹6 Lakh. 

What is the lowest possible EMI I can pay?

For a loan amount of ₹5 Lakh with the lowest possible interest rate of 15% per annum and a repayment tenure between 6 and 48 months, the minimum EMI would be ₹13,915*.  

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

The interest rate for a Business Loan varies depending on various factors such as income, creditworthiness, loan amount, etc. In Bareilly, the interest rate for a Business Loan starts at 15%* per annum.