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

Get a Business Loan in Kannur Easily!

Located in the beautiful coastal state of Kerala, Kannur is a city that exudes energy and entrepreneurial spirit. As businesses in Kannur strive to grow and expand, they often require financial assistance to fuel their ambitions.

Applying for a Business Loan in Kannur with Poonawalla Fincorp is quick and hassle-free. Our user-friendly online application platform allows you to apply from the comfort of your office or home. Simply provide the required information and documentation, and our dedicated team will guide you through the loan application process, ensuring a smooth and efficient experience.

Why Choose Poonawalla Fincorp

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

Business Loan EMI Calculator

Calculate your monthly payments using our online EMI calculator. Simply enter the loan amount, interest rate and tenure for instant results. Give it a 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 Kannur

Meet our simple eligibility criteria:

  • Age: Between 24 and 65 years.
  • Citizenship: Indian.
  • Business Vintage: Minimum business vintage of 2 years.
  • Annual Turnover: Minimum annual turnover of ₹6 Lakh.

Documents Required for a Business Loan in Kannur

Say goodbye to hefty paperwork. Submit only the mandatory documents to apply for a Business Loan:

  • 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 Kannur

We offer loans at attractive interest rates and minimal 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 Kannur

  • Business expansion and renovation 
  • Funding working capital needs 
  • Consolidating multiple loans 
  • Purchasing equipment or software 
  • Launching a new product or service 
  • Hiring and training staff 

Who Can Get a Business Loan in Kannur

  • Retail shop owners 
  • Partnership firms 
  • Small business owners 
  • Women entrepreneurs 
  • Sole proprietors
  • Trusts

Tips for a Successful Business Loan Application

  • Understand your business needs 
  • Keep all the documents ready 
  • Check your credit score and history 
  • Have a business plan ready 

​Poonawalla Fincorp Branch Address in Kannur

Poonawalla Fincorp Limited 

Address: 2nd Floor, J.R. Complex, Talap Road, Kannur, Kerala-670004 

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 credit score do I need to apply for a Business Loan?

You must maintain a credit score of 750 or above to apply for a Business Loan. A high credit score improves your chances of loan approval and allows favourable terms. 

What factors affect my Business Loan interest rate?

The following factors affect the interest rate offered to you by lenders: 

  • Credit score 
  • Loan tenure 
  • Loan amount 
  • Business vintage 
  • Business performance 
  • Market conditions 

 

Do I need to pledge collateral to get a Business Loan?

Poonawalla Fincorp offers unsecured business loans. You need not pledge any collateral as security.