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

Get a Flexible Business Loan in Ludhiana

Ludhiana, also known as the ‘Manchester of India’, boasts its textile industry. Its brilliant production of hosiery, fabrics, woollen and textile equipment is exported across the country. Given its thriving business landscape, seeking financial help can benefit your entrepreneurial journey.

Gain financial flexibility and fulfil business goals through Poonawalla Fincorp’s Business Loan in Ludhiana. Benefit from high loan amounts, attractive interest rates, minimal documentation, fast approval, and favourable loan terms. 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 with our online EMI calculator. Just enter the loan amount, tenure and interest.

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 Ludhiana

Meet our simple eligibility criteria to qualify:

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

Documents Required for a Business Loan in Ludhiana

Submit the 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 Ludhiana

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 Ludhiana

  • Upgrade machinery and equipment
  • Cover operational costs (salaries, rent, utilities)
  • Enhance business infrastructure
  • Expand into new markets
  • Consolidate high-interest debts
  • Invest in employee training and recruitment
  • Manage working capital
  • Launch marketing campaigns

Who Can Get a Business Loan in Ludhiana

  • MSMEs
  • Retail establishments
  • Women-led ventures
  • Small business operations
  • Sole proprietorships

Tips for a Successful Business Loan Application

  • Establish a loan purpose
  • Have a healthy credit score
  • Avoid multiple applications
  • Gather required documents beforehand

Poonawalla Fincorp Branch Address in Ludhiana

Poonawalla Fincorp Limited

Address:7th Floor, SCO 10 & 11, Feroz Gandhi Market, Above DCB Bank Ludhiana, Punjab-141001

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

Is there a prepayment penalty for a Business Loan in Ludhiana?

If you want to prepay your loan then for the first 6 EMIs, the charge is 6% on the principal outstanding plus taxes, and after 6 EMIs, it is 5% on the principal outstanding plus taxes. 

Can I apply for a Business Loan if my business is located on the outskirts of Ludhiana?

Yes, we cater to businesses throughout the Ludhiana district, including surrounding areas.

How long does the approval process take for a Business Loan in Ludhiana?

You can get approval and disbursement quickly after successful verification and approval.

What is the maximum Business Loan amount is available in Ludhiana?

At Poonawalla Fincorp, we offer a maximum loan amount of up to ₹75 Lakh based on your business profile, creditworthiness and financial health.