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

Get a Business Loan in Kanpur Online

Kanpur, an industrial hub in the state of Uttar Pradesh, is home to several manufacturing units. With multiple businesses operating across sectors like textiles, leather, food processing, etc, this city offers immense business opportunities for entrepreneurs. However, accessing these opportunities require the availability of timely and flexible financing facilities.  

We at Poonawalla Fincorp understand the need for business units to get regular cash inflows to sustain and expand their businesses. Therefore, we offer a tailored Business Loan in Kanpur with zero collateral, hassle-free online application, competitive interest rate and zero hidden charges to support your growth. Apply now

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₹ 17,403
Principal Amount
₹ 1,00,000
Interest Payable
₹ 4,420

Loan Amount

₹ 1,00,000
₹ 75,00,000

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 Kanpur

Meet our simple eligibility criteria:

  • Age: 24 to 65 years.
  • Citizenship: Indian.
  • Business Experience: Minimum 2 years.
  • Annual Turnover: At least ₹6 Lakh per year.

Documents Required for a Business Loan in Kanpur

Furnish a few documents to apply for a Business Loan:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about documentation in detail.

Interest Rate and Charges for a Business Loan in Kanpur

Poonawalla Fincorp offers a Business Loan at affordable interest 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 Dishonor 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 Kanpur

  • Scale up your business operations
  • Expand your workforce
  • Increase your working capital reserves
  • Purchase machinery, inventory or software
  • Consolidate your existing debt

Who Can Avail a Business Loan in Kanpur

  • Women entrepreneurs
  • Retailers
  • Business owners
  • MSMEs

Tips for a Successful Business Loan Application

  • Decide your business requirements
  • Prepare your business plan
  • Check your credit score and repayment history
  • Organise your documents to apply for the loan

Poonawalla Fincorp Branch Address in Kanpur

Poonawalla Fincorp Limited

Address: 1st Floor, 16/116 (29), Plot No 34, Block 16 (subplot 4) Bhargava Estate, Civil Lines, Kanpur, Uttar Pradesh - 208001

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 loan amount for a Business Loan in Kanpur?

Poonawalla Fincorp offers Business Loan with minimum loan amount starting from ₹5 lakh and maximum going up to ₹75 lakh.

What is the maximum age limit when applying for a Business Loan?

The maximum age limit for a loan applicant availing a Business Loan in Kanpur from Poonawalla Fincorp is 65 years.

What is the minimum credit score required for availing a Business Loan in Kanpur?

While a credit score of 700 or above may suffice while applying for a Business Loan, those having credit scores of 750 and above are more likely to get better terms and conditions on their business loan.

How quickly can I get my Business Loan approved and disbursed in Kanpur?

With our streamlined process, business loan approvals in Kanpur can be processed swiftly, provided you fulfil the eligibility criteria and have submitted the right documents. The loan amount will get disbursed into your bank account post approval of your loan application.