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

Get a Hassle-free Business Loan in Kottayam

Kottayam is a prominent hub for rubber plantations, publishing houses, and educational institutes. With its rich cultural heritage and thriving local industries, the city offers various opportunities for business expansion and growth. To help you make the most of these opportunities, Poonawalla Fincorp provides Business Loan in Kottayam. With competitive interest rate, minimal paperwork, fast approval, and favourable loan terms, our loan provides you with the right assistance to drive business growth. 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

Know your payable EMI using our EMI calculator. Enter the loan amount, interest rate, and tenure. 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 Kottayam

Get easy access to our loan by meeting the simple eligibility criteria:

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

Documents Required for a Business Loan in Kottayam

Submit the mandatory documents while applying:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about documentation in detail.

Interest Rate and Charges for a Business Loan in Kottayam

We offer Business Loan at attractive 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 Kottayam

  • Business expansion or diversification
  • Improve existing business set-up
  • Consolidate high-interest business debts
  • Boost working capital reserves
  • Expand your workforce
  • Purchase and stock inventory

Who Can Get a Business Loan in Kottayam

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

Tips for a Successful Business Loan Application

  • Keep your records up to date
  • Have a plan and know the purpose
  • Gather all necessary documentation
  • Maintain good credit history
  • Avoid multiple applications

Poonawalla Fincorp Branch Address in Kottayam

Poonawalla Fincorp Limited

Address: 1st floor, Vetteel Estate, Kanjikuzhy, Kottayam,  Kerala-686004

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

rightArrow
rightArrow

Frequently Asked Questions

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

A credit score of at 750 or more is required for to qualify for a Business Loan from Poonawalla Fincorp.

What documents do you need to apply for a Business Loan?

To apply just submit the following:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about the documentation in detail.   

What is the minimum interest rate for a Business Loan in Kottayam?

Poonawalla Fincorp offers business loans at attractive interest rates starting at 15%* p.a. The interest rate depends on factors such as credit score, business history, and our internal policies.