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

Get a Collateral-free Business Loan in Jamnagar

Jamnagar, located in the western Indian state of Gujarat, is a thriving city known for its industrial and commercial activities. . The city's dynamic business environment presents numerous growth opportunities for entrepreneurs. Getting access to funds may become essential in this thriving city.

Poonawalla Fincorp offers a Business Loan in Jamnagar to empower business owners. We offer loan amounts of up to ₹75 Lakh at attractive interest rate with minimal paperwork, quick disbursal, and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

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

Business Loan EMI Calculator

Calculate your EMI for a seamless repayment journey. Enter the loan amount, interest rate, and tenure. 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 Jamnagar

Meet our simple eligibility criteria:

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

Documents Required for a Business Loan in Jamnagar

Submit the mandatory documents to ensure a smooth process:

  • 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 Jamnagar

Secure funding for your venture at competitive rate and nominal 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 Jamnagar

  • Business expansions
  • Debt repayment
  • Financing business acquisition
  • Working capital requirements
  • Purchase of new equipment and machinery
  • Purchase of inventory

Who Can Get a Business Loan in Jamnagar

  • MSMEs
  • Retail shops
  • Manufacturing units
  • Proprietorship ventures
  • Women-owned businesses

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 Jamnagar

Poonawalla Fincorp Limited

Address: Office No 407, 4th Floor, Neo Atlantic, PN Marg, Jamnagar, Gujarat – 361008

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 is the average tenure of a Business Loan in Jamnagar?

Poonawalla Fincorp offers Business Loan in Jamnagar with a flexible repayment tenure between 6 and 48 months.

Can I prepay my Business Loan in Jamnagar without any charges?

Yes, you can prepay your Business Loan in Jamnagar. However, for the first 6 EMIs, the charge is 6% on the principal outstanding plus taxes, and after 6 EMIs, it is 5% on the principal outstanding plus taxes. 

Are there any restrictions on how I can use the Business Loan in Jamnagar?

Business Loan funds can be used for various purposes such as business expansion, working capital, or equipment purchase, but should be used for legitimate business purposes as agreed with the lender.