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

Get a Quick Business Loan in Faridabad

Known for its massive production of henna, tractors, motorcycles, tyres, shoes, and garments, Faridabad is a rapidly growing city in Haryana. It provides multiple opportunities to grow businesses. Seize the opportunity of this growing economy in Faridabad and expand your business reach with a Business Loan from Poonawalla Fincorp. From expansion to hiring a new workforce, take your business to the next level with minimal documentation, no hidden charges, 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

Calculate your EMIs effortlessly with our EMI calculator. Just enter the loan amount, interest rate and tenure to get accurate 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 Faridabad

Meet our simple eligibility criteria to secure funding for your business:

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

Documents Required for a Business Loan in Faridabad

Submit just a few mandatory documents to apply:

  • 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 Faridabad

Avail of a 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 Loan in Faridabad

  • Expand to new markets.
  • Manage operational costs.
  • Enhance business infrastructure.
  • Hire a skilled workforce.
  • Restock inventory.

Who Can Get a Business Loan in Faridabad

  • Small businesses
  • Women-led enterprises
  • MSMEs
  • Proprietorships
  • Retail shops
  • Manufacturing units

Tips for a Successful Business Loan Application

  • Define your financial needs.
  • Check your credit profile.
  • Check eligibility.
  • Keep all the documents handy.
  • Provide accurate information.

Poonawalla Fincorp Branch Address in Faridabad

Poonawalla Fincorp Limited

Address: 1st Floor, A-6 Part A, Neelam Bata Road, NIT, New Industrial Township, Faridabad, Haryana -121001

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

rightArrow
rightArrow

Frequently Asked Questions

Do I need to submit any collateral for getting a small Business Loan?

No, our Business Loan is unsecured. To qualify for one, you must meet our simple eligibility criteria.

How can I check my Business Loan EMIs?

Checking your Business Loan EMI is simple. To get results, enter the loan amount, interest rate, and tenure on the EMI calculator.

What are some prudent ways to utilise a Business Loan?

Utilise your Business Loan by investing in equipment, hiring a new workforce, and expanding your market presence. It is essential to plan your spending to maximise business growth and profitability.