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

Get a Quick Business Loan in Bhilai

Bhilai, known for its thriving industrial landscape and rich heritage is called the Steel City of Chhattisgarh, with the presence of the famous Bhilai Steel Plant and various other industries. Whether you need to invest in new machinery, increase your working capital, or renovate your facilities, fulfil any needs with our quick and flexible Business Loan in Bhilai. Our loan comes with competitive interest rate, minimal documents, 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

Use our EMI calculator to estimate your monthly payments. Just enter the loan amount, tenure, and interest rate. 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 Bhilai

Meet our simple eligibility criteria to get started on your application today:

  • Age: 24 to 65 years.
  • Citizenship: Indian.
  • Business Vintage: At least 2 years.
  • Annual Turnover: Minimum of ₹6 Lakh.

Documents Required for a Business Loan in Bhilai

Submit the mandatory documents to facilitate a seamless 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 Bhilai

Secure funding for your venture with competitive 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 Bhilai

  • Hiring new employees
  • Purchasing new equipment
  • Expanding your existing space
  • Building working capital reserves
  • Increasing your inventory
  • Consolidating debts

Who Can Get a Business Loan in Bhilai

  • MSMEs (Micro, Small and Medium Enterprises)  
  • Small business owners 
  • Women entrepreneurs 
  • Retail shop owners 
  • Sole proprietors 

Tips for a Successful Business Loan Application

  • Establish a loan purpose
  • Have a healthy credit score
  • Avoid multiple applications
  • Gather required documents beforehand

Poonawalla Fincorp Branch Address in Bhilai

Poonawalla Fincorp Limited

Address: 02nd Floor, Sairam Business Park, above TATA Motors showroom, G. E. Road, Krishna Nagar, Supela, Bhilai, Chhattisgarh -490023

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

Do I have to pay any extra charges for prepayment of a Business Loan?

Yes, there are foreclosure charges. 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. 

How can I use a Business Loan EMI calculator?

Follow the two given steps to use our EMI calculator:

  • Enter the loan amount, tenure and interest rate.
  • Click on the “Calculate” button to check the applicable EMI
Can I get a Business Loan for a new business?

To qualify for our Business Loan, you must have a business history of at least two years and maintain an annual turnover of at least ₹6 Lakh.