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

Apply for a Business Loan in Cochin Online

Cochin or Kochi is also known as the Queen of the Arabian Sea. The city’s port makes it an important hub for international trade and commerce, creating significant opportunities for business growth. To help entrepreneurs, we offer Business Loan at competitive interest rate with minimal documentation, quick approval, and no hidden charges. Apply now in just a few easy steps.

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 Business Loan EMIs seamlessly with our online calculator. Enter the loan amount, tenure, and interest rate for instant results. 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 Cochin

Meet our simple eligibility criteria to qualify:

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

Documents Required for Business Loan in Cochin

Submit the essential documents while applying:

  • 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 Cochin

Get Business Loan at attractive 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 Loans in Cochin

  • Business expansion
  • Improvement of existing business set-up
  • Consolidating debts
  • Boosting working capital reserves
  • Expand your workforce

Who Can Get a Business Loan in Cochin

  • Retailers 
  • Manufacturers 
  • Women entrepreneurs 
  • MSMEs 
  • Partnership firms 
  • LLC

Tips for a Successful Business Loan Application

  • Understand your business needs 
  • Check credit history 
  • Have a detailed business plan 
  • Organise your financial statements 

Poonawalla Fincorp Branch Address in Cochin

Poonawalla Fincorp Limited

Address: 5th Floor, Muscat Tower, Sahodaran Ayyappan Road, Above HP World, Kadavnathara, Cochin-682020 

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 documents are required for KYC Proof for a Business Loan?

With Poonawalla Fincorp, Business Loan applicants must submit the following KYC documents:

  • PAN Card, Aadhaar Card, Driving License, Voter ID, or Passport
  • Proof of Address
  • Business Registration Proof + Business Address Proof (if not as per Business Registration Proof)

Is my credit score important to get a Business Loan in Cochin?

Yes, a good credit score is important to get a Business Loan. Maintain a credit score of 750 and above to get swift approval and disbursal with favourable terms.

Do I need to pay any charge for foreclosing a Business Loan?

If you choose to prepay the loan within the first 6 EMIs, you will be charged 6% on the principal outstanding plus taxes. If you decide to prepay the loan after the first 6 EMIs, the fee will be 5% on the principal outstanding plus taxes.