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

Get a Flexible Business Loan in Karnataka

Karnataka, known for its rich cultural heritage and thriving economy, is one of India’s most progressive states. The state offers a vibrant ecosystem and numerous opportunities for businesses to thrive. Grow your business in this dynamic city with a Business Loan of up to ₹75 Lakh from Poonawalla Fincorp. Enjoy competitive interest rate with minimal documents, quick approval, and flexible repayment tenure. 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

Plan your finances efficiently with our EMI calculator. Just enter the loan amount, tenure and interest rate to calculate the EMIs. 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 Karnataka

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 Karnataka

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 Karnataka

We offer Business Loan at competitive interest rate and transparent 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 Karnataka

  • Business expansion 
  • Equipment purchase 
  • Marketing campaigns 
  • Inventory management 
  • Debt consolidation 

Who Can Get a Business Loan in Karnataka

  • MSMEs 
  • Retailers 
  • Private business owners 
  • Women entrepreneurs 

Tips for a Successful Business Loan Application

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

​​​Poonawalla Fincorp Branch Address in Karnataka

​​​Poonawalla Fincorp Branch Address in Bengaluru 

Address: 2nd Floor, HM Tower, J. C. Road, Minerva Circle, Bengaluru, Karnataka - 560002 

Contact Number: 1800-266-3201 (Toll Free) 

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.) 

​​​Poonawalla Fincorp Branch Address in Hubli 

Address: 2nd Floor,Kulburgi-Mahalakshmi Mansion, New Cotton Market, Hubli-580029 

Contact Number: 1800-266-3201 (Toll Free) 

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.) 

​​​Poonawalla Fincorp Branch Address in Mysore

Address: 2nd Floor, House No.53, 53/1, 53/2, 53/3, 53/4, 53/5, 5th Main, 5th Cross, Saraswathipuram, Chamaraja Mohalla, Mysore, Karnataka - 570009 

Contact Number: 1800-266-3201 (Toll Free) 

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.) 

​​​Poonawalla Fincorp Branch Address in Bangalore 

Address: Ground Floor, Phoenix Citadel, Castle Street, Richmond Town, Bangalore, Karnataka-560025 

Contact Number: 1800-266-3201 (Toll Free) 

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.) 

​​​Poonawalla Fincorp Branch Address in Mangalore 

Address: Shop No. 9, Yenepoya Shopping Gallary, Near Karnataka Bank, Kodiyal Bail, Mangalore, Karnataka-575003 

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

Can I get a Business Loan without collateral?

Yes, you can secure a collateral-free Business Loan from Poonawalla Fincorp by meeting our eligibility criteria, clicking on ‘Apply Now’ and submitting the required documents. 

Does Poonawalla Fincorp provide funds with minimum documentation?

Yes, Poonawalla Fincorp provides funds for your business with minimal documentation requirements. Check our eligibility page for more details. 

What can I use a Business Loan for?

You can use a Business Loan for various purposes like: 

  • Expanding your business 
  • Launching a new product 
  • Purchasing machinery and equipment 
  • Consolidating debt