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

Get a Flexible Business Loan in Bihar

Bihar, known primarily for its agricultural economy, is now witnessing growth in the manufacturing, service, and IT sectors. Invest in your business growth with a Business Loan in Bihar from Poonawalla Fincorp. Get up to ₹75 Lakh at competitive interest rate with minimal paperwork, swift approval, flexible repayment tenure, and zero hidden charges. Apply now!

Why Choose Poonawalla Fincorp

High Loan Amount High Loan
Amount
No Collateral
Required
Competitive Interest Rates Competitive
Interest Rate
Minimal Documentation Minimal
Documentation
Quick
Approval
Flexible Repayment Tenure Flexible
Repayment Tenure

Business Loan EMI Calculator

Calculate your monthly repayments with our EMI calculator. 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

Rupees one lakh

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 Bihar

Fulfil our simple eligibility criteria:

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

Documents Required for a Business Loan in Bihar

Say goodbye to hefty paperwork. Submit only the essential documents to apply for a Business Loan:

  • 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 Bihar

We offer Business Loan at attractive interest rate and nominal charges:

Interest Rate
15%* p.a. onwards
Loan Amount
₹5 Lakh to ₹75 Lakh
Loan Processing Fees
Up to 3% plus applicable taxes
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 plus applicable taxes
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 Bihar

  • Purchasing inventory and supplies
  • Upgrading equipment and technology
  • Marketing and advertising
  • Renovating business or office premises
  • Launching new products or services
  • Funding business acquisitions

Who Can Get a Business Loan in Bihar

  • MSMEs
  • Women entrepreneurs
  • Retail shop owners
  • Sole proprietorships
  • Private business owners

Tips for a Successful Business Loan Application

  • Check your credit score
  • Formulate a business plan
  • Understand the loan purpose
  • Prepare required documents
  • Reduce existing debt

Poonawalla Fincorp Branch Address in Bihar

Poonawalla Fincorp Limited

Address: Office no. 105, 1st Floor, Pandey Plaza, Exhibition Road, Patna, Bihar-800001

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 factors that affect Business Loan interest rate?

Several factors, such as interest rate, credit score, age of the borrower, existing debt, and business revenue, are considered while calculating the interest rate.

What is the minimum and maximum loan tenure for a Business Loan?

Poonawalla Fincorp offers loans with flexible repayment tenure between 6 and 48 months. You can choose the one that suits you the best.

How can I get my Business Loan application processed faster?

To get the fastest loan processing, fulfil the eligibility criteria and the documentation requirements. Furthermore, ensure you have a high credit score and enough income to pay EMIs on time.