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

Get a Business Loan in Kurnool Online

Kurnool is a city of historical significance and growing opportunities. It is well known for its architecture and local cuisine. Trade and transport industries are the largest sectors in Kurnool, creating opportunities for businesses. Financial assistance can help businesses grow to the next level. If you are an entrepreneur, get a Business Loan in Kurnool from Poonawalla Fincorp and fuel growth. Benefit from high loan amount, attractive interest rate, and flexible 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

Calculate your EMIs hassle-free with our EMI calculator. Enter the loan amount, interest 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

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 Kurnool

Meet our simple eligibility criteria to qualify:

  • Age: Meet our simple eligibility criteria:
  • Citizenship: Indian.
  • Business Vintage: At least 2 years.
  • Annual Turnover: Minimum of ₹6 Lakh.

Documents Required for a Business Loan in Kurnool

Submit just a few mandatory documents:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about documentation in detail.

Interest Rate and Charges for a Business Loan in Kurnool

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 Kurnool

  • Expanding operations
  • Buying equipment
  • Raising working capital
  • Improving facilities
  • Stocking inventory
  • Debt consolidation

Who Can Get a Business Loan in Kurnool

  • Small businesses
  • Women entrepreneurs
  • Manufacturing businesses
  • Proprietorship businesses
  • MSMEs
  • Retail shop businesses

Tips for a Successful Business Loan Application

  • Have a comprehensive business plan
  • Define loan purpose
  • Review your credit score
  • Organise necessary documents
  • Reduce existing debts

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 maximum Business Loan amount available in Kurnool?

The maximum loan amount typically varies on factors such as your creditworthiness, loan application and business finances. Poonawalla Fincorp offers Business Loan of up to ₹75 Lakh.

What is the typical interest rate for a Business Loan in Kurnool?

Our interest rate for Business Loan starts at 15%* p.a., depending on your creditworthiness, loan amount, and internal policies.

What is the minimum business vintage required for loan eligibility in Kurnool?

Businesses must be operational for at least two years to apply for a business loan from Poonawalla Fincorp.

Are there any restrictions on how I can use the Business Loan funds in Kurnool?

Our Business Loan funds can be used for various purposes such as expansion, working capital, equipment purchase, or any other business requirement.