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

​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

High Loan
Amount
Collateral-free
Loan
Competitive
Interest Rate
Minimal
Documentation
Quick
Approval
Flexible
Repayment Tenure

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!

Optimise Your Business Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

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 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:

Interest Rate
15%* p.a. onwards
Loan Amount
₹5 Lakh to ₹75 Lakh
Loan Processing Fees
Up to 3% plus applicable taxes
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 plus applicable taxes
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 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)

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 minimum turnover for getting a Business Loan in Jamshedpur?

Poonawalla Fincorp offers a Business Loan in Jamshedpur with a minimum annual turnover of ₹6 Lakh and above.

What is the age limit for a Business Loan in Jamshedpur?

The minimum age limit for availing a business loan is 24 years while the maximum age limit goes up to 65 years.

Who is eligible for getting a new Business Loan in Jamshedpur?

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.