Get a Business Loan in Jamshedpur Online
Jamshedpur, also known as the "Steel City of India" due to the presence of several steel plants in the city. It is home to several other industries, including cement, liquefied oxygen, etc. It has a thriving business environment that enables businesses to grow exponentially. However, achieving that growth requires a timely infusion of capital.
We at Poonawalla Fincorp help businesses fulfil their capital requirements by offering a Business Loan in Jamshedpur and enabling them to upgrade their existing business setup, purchase new equipment, invest in technology upgradation, etc. Apply now!
Why Choose Poonawalla Fincorp
Business Loan EMI Calculator
Make use of our EMI calculator to calculate your monthly payments. Enter the loan amount, interest rate and repayment tenure to know your EMI. Try now!
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.
Eligibility Criteria for a Business Loan in Jamshedpur
Meet our simple eligibility criteria:
- Age: Between 24 and 65 years.
- Citizenship: Indian.
- Business Vintage: At least 2 years
- Annual Turnover: ₹6 Lakh and above
Documents Required for a Business Loan in Jamshedpur
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 Jamshedpur
Get a Business Loan at competitive interest rate and nominal charges:
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
Different Uses of a Business Loan in Jamshedpur
- Expand or diversify business operations
- Hire additional workforce
- Improve your working capital reserves
- Purchase machinery, software or inventory
- Debt consolidation
Who Can Get a Business Loan in Jamshedpur
- Women entrepreneurs
- Retailers
- Business owners
- MSMEs
Tips for a Successful Business Loan Application
- Ascertain your business requirements
- Prepare your business plan
- Check your credit score and repayment history
- Arrange your loan documents
Poonawalla Fincorp Branch Address in Jamshedpur
Poonawalla Fincorp Limited
Address: 1 S.B. Shop Area, 2nd Floor, Shantiniketan, Main Road, Bistupur, Singhbhum, Jamshedpur, Jharkhand-831001
Contact Number: 1800-266-3201 (Toll Free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)
Happy Customers, Happy Us
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.
Business Loan
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
Poonawalla Fincorp offers a Business Loan in Jamshedpur with a minimum annual turnover of ₹6 Lakh and above.
The minimum age limit for availing a business loan is 24 years while the maximum age limit goes up to 65 years.
Self-employed individuals and owners of MSME units, retail shops and other businesses aged between 24 and 65 years, with a minimum annual turnover of ₹6 Lakh and business vintage of at least 2 years, are eligible for getting a new Business Loan from Poonawalla Fincorp.