Get a Flexible Business Loan in Bihar
Bihar has traditionally been known for its strong agricultural base. Today, it is also expanding into sectors such as food processing, small-scale manufacturing, trading, education, and services, particularly in cities such as Patna, Gaya, and Bhagalpur. Whether you run a kirana store, a manufacturing unit, a coaching centre or a service-based business, timely funding can help you manage working capital, add inventory or expand to a new location.
At Poonawalla Fincorp, you can get a Business Loan in Bihar of up to ₹1 Crore, with competitive interest rates, minimal documentation, and quick approval. Apply online in just a few simple steps.
EMI Calculator for a Bihar Business Loan
Estimate your monthly Business Loan repayments before you apply. Enter your loan amount, interest rate and repayment tenure to calculate your EMI instantly. Whether you’re in Patna, Muzaffarpur, Gaya or anywhere across the state, use this to plan your budget for your business in Bihar and choose a tenure that fits your cash flow. Calculate your EMI now.
Why Choose Poonawalla Fincorp
High Loan Amount
No Collateral Required
CompetitiveInterest Rate
MinimalDocumentation
Quick Approval
Flexible Repayment Tenure
Apply for a Business Loan Online 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.
To apply for a Business Loan in Bihar with Poonawalla Fincorp, you should meet the following criteria:
- Age: Between 24 and 65 years.
- Citizenship: Indian.
- Business Vintage: Minimum 2 years.
- Annual Turnover: At least ₹6 Lakh.
You can also use the Business Loan eligibility calculator to verify your eligibility.
The process of application for a Business Loan in Bihar is simple. You only need these:
- KYC Documents
- Business Address Proof
- Financial Documents
Check more details about about the documentation for business loan in detail.
Poonawalla Fincorp provides business loans in Bihar with transparent and competitive terms. Our Business Loan interest rates start at 15% p.a. and are designed to support your financial needs, whether for working capital management or business expansion. We ensure a straightforward process with minimal documentation and no collateral requirements, making financing accessible and quick.
After 6 EMIs: 5% on principal outstanding + taxes
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
A Business Loan offers financial flexibility to meet different business needs. Here’s how entrepreneurs in Bihar can use the funds:
- Purchase Inventory and Supplies: Secure capital to buy stock or raw materials in bulk, especially for retailers operating in active commercial markets and organised vending zones in Patna, where structured retail activity continues to expand.
- Expand Working Capital: A Working Capital Loan in Bihar helps manage daily operational expenses like salaries, rent and supplier payments, supporting businesses across growing commercial centres where urban infrastructure and market activity are evolving.
- Upgrade Equipment and Technology: Invest in modern machinery or technology, particularly for small manufacturing units operating within government-developed industrial clusters such as Hajipur Industrial Area and other BIADA (Bihar Industrial Area Development Authority) zones that promote industrial expansion.
- Capitalise on Urgent Opportunities: Address immediate needs, from equipment repairs to time-sensitive inventory deals. An urgent Business Loan in Bihar provides quick access to funds so businesses can act without delays.
- Renovate Business Premises: Use funds to upgrade shops or offices in busy commercial locations where improving infrastructure and organised retail development are increasing customer engagement and footfall.
- Fund Expansion and Marketing: Businesses expanding into emerging industrial zones like the Integrated Manufacturing Cluster in Gaya can use an MSME Loan in Bihar to scale operations, upgrade infrastructure or launch new offerings.
Click here to know Business Loan features and benefits.
A Business Loan in Bihar is available to a wide range of entrepreneurs, including those running trading businesses in Muzaffarpur, manufacturing units in Begusarai, or service-based enterprises in Darbhanga. Here’s who can apply:
- Micro, Small, and Medium Enterprises (MSMEs), such as small manufacturing units or food processing businesses near Muzaffarpur, can apply for funding to expand operations, upgrade equipment, or manage costs.
- Owners of retail businesses, including kirana stores, garment shops, or electronics outlets in Hathwa Market or Bodhgaya Main Market, can get a Shopkeeper Loan to stock inventory and cover daily expenses.
- To support the growing number of women-led businesses in Bihar, we offer a dedicated Business Loan for Women. Alongside state initiatives like the Mukhyamantri Mahila Udyami Yojana, this loan can provide the extra capital required to expand operations and manage your venture smoothly.
- If you’re an individual business owner, like someone running a coaching centre in the Kankarbagh area or offering professional services near Khalifabagh Chowk, you can apply for a Loan for Proprietorship suited to your needs.
- Registered private companies and partnership firms, such as a trading business in Marufganj or an enterprise in the Fatuha Industrial Area, can secure funding to grow their business and upgrade technology.
To set yourself up for success, follow these simple steps:
- Check Your Financials: Aim for a credit score of 750 or higher and try to clear any existing high-interest debts. This strengthens your application by showing financial responsibility.
- Have a Clear Purpose: Prepare a simple business plan that clearly states how you will use the loan, whether for new machinery, more inventory, or expansion. A clear goal shows lenders you have a solid growth strategy.
- Keep Documents Ready: Organise your KYC documents, bank statements, and business registration details in advance. This helps verify your official business name in Bihar and ensures a smoother, faster approval process.
Visit the Poonawalla Fincorp Bihar branch at the following address:
Address: Office no. 105, 1st Floor, Pandey Plaza, Exhibition Road, Patna, Bihar-800001
Contact Number: 1800-266-3201 (Toll Free)
Timing: 9:00 AM to 7:00 PM | Monday - Saturday (Closed on Sunday & Public holidays)
Happy Customers, Happy Us
Business Loan
Securing a business loan marked a pivotal moment for our growth. The funds enabled us to invest in new equipment and significantly expand our operations. The team was transparent, supportive, and guided us every step of the way, making the entire process smooth and reassuring
Business Loan
I never imagined getting a loan could be this easy. With minimal documentation and quick disbursement, the process was incredibly smooth. It came at a crucial time and helped me manage my cash flow effectively.
Business Loan
The business loan gave me the confidence to take on larger projects. With competitive interest rates and flexible repayment terms, the experience was smooth and empowering. Truly a great experience.
Business Loan
Excellent service and timely support! The loan enabled me to renovate my setup and enhance the customer experience. I'm truly grateful for the professionalism and efficiency throughout the process.
Business Loan
The loan helped me stock up inventory just in time for the festive season. Approval was swift, and the team truly understood my business needs. A smooth and supportive experience all around!
Business Loan
I was initially hesitant, but the loan process was so well-managed that I felt confident every step of the way. It enabled me to open a second outlet and expand my brand - an experience that truly exceeded expectations.
Business Loan
The loan allowed me to upgrade my machinery and significantly boost production efficiency. The terms were clear, and the service was handled with utmost professionalism.
Business Loan
I’ve taken loans before, but this was by far the most seamless experience. The team was highly responsive, and the funds played a crucial role in digitising my business operations. Truly a smooth and supportive journey.
Business Loan
The business loan came at just the right time, allowing me to stock up on raw materials and stay ahead of seasonal demand. What impressed me most was the repayment structure; it aligned perfectly with my cash flow, making the entire experience stress-free and sustainable.
Business Loan
Taking the loan was a bold move that transformed my business and boosted revenue. It gave me the financial push I needed to take that leap, and I’m glad I did. The support made a real difference in turning plans into progress.
I run a chain of pharmacy stores with 5 branches in Pune. With the growing popularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficult for me to hire delivery persons. With Poonawalla Fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan application process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operation seamlessly.
Business Loan
The interest rates were fair and competitive, making it easy to manage cash flow for me. The process was smooth with the service and giving a rating of 10.
Business Loan
I was hesitant at first, but the team explained everything clearly and made me feel confident. The loan helped me manage working capital and grow my business steadily.
Business Loan
I was impressed by how quickly my business loan was processed. The team was extremely helpful and guided me through every step. Thanks to their support, I was able to expand my operations without any hasstle.
Business Loan
The loan process was incredibly smooth, and the team was always available to answer my queries. With the funds, I was able to renovate my store and attract more customers. Truly grateful.
Business Loan
Getting a business loan felt daunting at first, but the entire experience was smooth and transparent. The loan helped me purchase new equipment and increase production. Highly recommend their services!
Business Loan
Excellent service and prompt communication. The loan process was seamless, and the funds were disbursed faster than expected. It’s great to work with professionals who understand business needs.
Business Loan
I needed quick funding to stock up for the festive season, and the business loan came just in time. The Credit Manager was proactive and ensured everything was done on priority. Excellent service!
Business Loan
Thanks to the business loan, I was able to open a second outlet. The team was very supportive and explained all terms clearly. I appreciate the personalized attention I received.
Business Loan
I’ve taken loans before, but this was by far the most professional experience. The documentation was minimal, and the disbursement was fast. I’ll definitely recommend them to fellow entrepreneurs.
Business Loan
The loan helped me bridge a critical cash flow gap during the festive season. The team was approachable and ensured everything was handled efficiently. Great experience!
Business Loan
The business loan helped me hire skilled staff and improved my business. The support from the credit team was outstanding. They understood my business and offered the right solution.
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I am very happy with the service of the company and will recommend everyone to take loan from Poonawalla Fincorp.
Business Loan
The loan process was quick and transparent. No hidden charges, and the team guided me at every step. Will recommend everyone.
Business Loan
They didn’t just give me a loan—they gave me peace of mind during a tough time, Happy with the service of Poonawalla Fincorp.
Business Loan
No hidden charges, no surprises. The process was clear and smooth from start to finish.
Business Loan
The team guided me at every step and made the entire experience stress-free, will highly recommend to my friends - rating 10!!!
Business Loan
They tailored the loan to fit my business model. Truly customer-focused and satisfying service given by Poonawalla Fincorp, Highly Recommended!!!
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Frequently Asked Questions
Several factors are considered when calculating your loan’s interest rate, including your credit score, business vintage, existing financial obligations, and annual revenue.
To improve your approval chances, maintain a strong credit score, keep your financial documents organised, reduce any high-interest existing debts, and have a clear business plan. This can also help you secure better interest rates and terms.
Poonawalla Fincorp offers loans with flexible repayment tenures ranging from 6 to 60 months. You can choose a tenure that best suits your financial situation.
For faster processing, ensure you meet all the eligibility criteria and submit the correct documents at the time of application. A high credit score and a stable income sufficient to cover EMIs also contribute to a quicker approval.
Filling out the application form accurately is crucial for a smooth approval process. Any mismatch between the information you provide and your submitted documents can cause delays in verification or even lead to the rejection of your application. A correct form ensures faster processing.
Many applicants find the extensive paperwork and strict eligibility criteria for business loans time-consuming and difficult to navigate, especially for small loans.
One of the key benefits that business loans provide is access to essential capital that helps organisations expand, innovate, and thrive in Bihar’s evolving market. They are vital for expanding operations and sustained growth, especially for those seeking small business loans.
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.
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.
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.