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, traditionally known for its strong agricultural base, is now emerging as a hub for manufacturing, services, and IT industries. Whether you're looking to boost working capital, expand operations, or invest in new opportunities, we at Poonawalla Fincorp offer the ideal financial solution.

So, take the next step in your entrepreneurial journey and apply for small business loans in Bihar. Get up to ₹75 Lakh with better rates, minimal paperwork, swift approval, flexible repayment options and complete transparency with 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

Interest Rate

%
15%
30%

Tenure

Months
6 Months
48 Months

Apply for a Business Loan Online in Just 3 Steps

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Click on "Apply Now”

Tap the "Apply Now" button to initiate your application.

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Enter Details

Enter your DOB, PAN card number, monthly income, and residential details.

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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

Get the loan at affordable rates with minimal fee:

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 Bihar

From day-to-day operations to long-term expansion, this loan offers the financial flexibility to meet a wide range of business needs and support your growth. Here are a few:

  • Purchasing inventory and supplies
  • Upgrading equipment and technology
  • Marketing and advertising
  • Renovating business or office premises
  • Launching new products or services
  • Expand working capital
  • 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

Set yourself up for success by following these essential tips to improve your chances of getting your loan approve:

  • 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 rate of interest?

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

How can I improve my chances of getting a Bihar business loan?

Improve your chances of getting approved for a loan by knowing your credit score, organising financial documents, reducing existing debt, and working with a trusted local credit union. This can help you get better interest rates and flexible terms.

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

Poonawalla Fincorp offers loans with flexible repayment tenures 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 by considering your loan maturity. Furthermore, ensure you have a high credit score and enough income to pay EMIs on time.

Why is it important to fill out the Business Loan application form accurately?

Completing the loan application form accurately and in full helps avoid delays and increases your chances of approval, especially when applying for a Business Loan in Bihar.

What are the common challenges when applying for a loan in Bihar?

Many applicants find the extensive paperwork and strict eligibility criteria for business loans time-consuming and difficult to navigate, especially for small loans.

How can a Business Loan in Bihar support long-term growth?

Business loans provide essential capital that helps organisations expand, innovate, and thrive in Bihar’s evolving market, making them vital for expanding operations and sustained growth, especially for those seeking small business loans.

What are specialised working capital loans used for?

Specialised working capital loans help businesses manage short-term financial needs such as operational expenses, making them ideal for those seeking flexible loan solutions in Bihar.

How do lenders verify business financial health?

Lenders verify a business's financial health by reviewing its financial statements, including the income statement, balance sheet, and cash flow statement. These help assess profitability, stability, and the ability to repay loans.

What is the loan amount I can get with a Personal Loan in Bihar?

You can avail funds of up ₹75 Lakh with a Personal Loan from Poonawalla Fincorp.

What are small business loans?

Small business loans offer essential funding to support the day-to-day operations and long-term growth of small and medium-sized enterprises (SMEs). These funds can be utilised for diverse needs, including maintaining working capital, acquiring new equipment, infrastructure, or scaling up business activities.