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

Get a Quick Business Loan in Bhavnagar

Bhavnagar is known for its thriving shipbreaking, diamond cutting and various other manufacturing sectors, offering a dynamic environment for business growth. To capitalise on the growing industrial demand in this city, choose tailored financial solutions with a Business Loan in Bhavnagar from Poonawalla Fincorp. Get up to ₹75 Lakh at attractive interest rate with minimal documentation and flexible repayment tenure. 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

Plan your monthly repayment with our EMI Calculator. 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 Bhavnagar

Meet our simple eligibility criteria:

  • 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 Bhavnagar

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 Bhavnagar

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 Bhavnagar

  • Expand your business
  • Purchase and stock inventory
  • Maintain working capital reserves
  • Buy or upgrade equipment
  • Consolidate small loans

Who Can Get a Business Loan in Bhavnagar

  • Women entrepreneurs
  • Sole proprietors
  • Small business owners
  • Retail shop owners
  • Partnership firms

Tips for a Successful Business Loan Application

  • Have a proper business expansion plan
  • Understand your business needs
  • Check your credit history
  • Keep all the documents handy

Poonawalla Fincorp Branch Address in Bhavnagar

Poonawalla Fincorp Limited

Address: 303, 3rd Floor, Corporate Center, Opp Dakshinamurti School, Vaghawadi Road, Bhavnagar, Gujarat-364002

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 repayment tenure of a Business Loan from Poonawalla Fincorp?

You can choose repayment tenure ranging from 6 months to 48 months based on your convenience.

Who can avail of a Business Loan in Bhavnagar?

Any business owner in Bhavnagar can avail of a Business Loan from Poonawalla Fincorp if they fulfil the eligibility criteria:

  • Age: 24 to 65 years
  • Business Vintage: Minimum two years
  • Annual Business Turnover: Minimum ₹6 Lakh
Can a salaried person take a Business Loan?

No, a salaried person cannot take a Business Loan from Poonawalla Fincorp. It is only available to business owners for their business requirements, such as working capital, business expansion, buying machinery, etc.