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

Get a Flexible Business Loan in Kozhikode

Kozhikode, or Calicut, has a rich cultural heritage and historical significance. It is also a major commercial and trading hub, making it a conducive business environment. However, taking your business to the next level requires significant funding. To help you arrange the required funds, Poonawalla Fincorp offers a collateral-free Business Loan in Kozhikode at affordable interest rate, flexible tenures, minimal documentation and expedited loan approval. Get in touch and fulfil your dream of achieving exponential 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

Use our EMI calculator to compute your monthly payments. Enter the loan amount, interest rate and loan tenure to know your EMI instantly. Try it 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 Kozhikode

Meet the simple eligibility criteria to get the loan:

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

Documents Required for a Business Loan in Kozhikode

Submit just a few mandatory documents to apply:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about documentation in detail.

Interest Rate and Charges for a Business Loan in Kozhikode

Secure funding for your venture at attractive interest rate and minimal 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 Kozhikode

  • Upgrade your existing business apparatus
  • Hire additional workforce
  • Acquire machinery and equipment
  • Expand business facilities
  • Adopt new technology
  • Access newer business opportunities

Who Can Get a Business Loan in Kozhikode

  • MSMEs
  • Sole proprietors
  • Retailers
  • Women entrepreneurs
  • Private business owners

Tips for a Successful Business Loan Application

  • Know your business requirements
  • Make a business expansion plan
  • Look into your credit score and repayment history
  • Keep your loan documents ready

Poonawalla Fincorp Branch Address in Kozhikode

Poonawalla Fincorp Limited

Address: 1st Floor, Trinity Arcade, Kannur Road, Near ESAF Bank, West Nadakkavu, Kozhikode, Kerala -673011

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 Business Loan amount in Kozhikode?

Poonawalla Fincorp offers a business loan in Kozhikode starting from ₹5 Lakh. Note that the maximum amount can go up to ₹75 Lakh.

What is the minimum credit score required to avail a Business Loan in Kozhikode?

Although having a credit score of at least 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.

What charges are applicable to a Business Loan?

You can find the detailed schedule of charges levied on a Business Loan here. Note that we do not levy any further charges other than those mentioned in the schedule.

What is the interest rate offered on a Business Loan in Kozhikode?

Poonawalla Fincorp offers Business Loan at interest rate 15%* p.a. onwards.