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

Get a Collateral-free Business Loan in Madurai

Madurai is a major economic and industrial hub in Tamil Nadu with business units across multiple sectors including IT, agriculture, manufacturing, real estate, etc. The business environment in the city is ideal for growing your business venture. 

Access the funds required for business expansion with Poonawalla Fincorp’s Business Loan in Madurai. Avail a collateral-free Business Loan at attractive interest rate, nominal charges, minimal documentation and faster disbursal. 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 monthly payments by using our EMI calculator. Simply enter the loan amount, interest rate and loan tenure to know your EMI within seconds. Calculate 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 Madurai

Meet our simple eligibility criteria to apply for a Business Loan:

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

Documents Required for a Business Loan in Madurai

Submit just a few documents to apply for a Business Loan successfully:

  • 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 Madurai

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 Madurai

  • Investing in new equipment
  • Hiring experienced staff
  • Repaying high-interest loans
  • Expanding business operations
  • Launching new products or services
  • Entering a new market
  • Managing operating expenses
  • Capitalising on new opportunities

Who Can Get a Business Loan in Madurai

  • MSMEs
  • Small business owners
  • Women entrepreneurs
  • Sole proprietors
  • Retail shop owners

Tips for a Successful Business Loan Application

  • Make a list of your business requirements
  • Prepare a business plan
  • Monitor your credit score and repayment history
  • Arrange for the necessary loan documents

Poonawalla Fincorp Branch Address in Madurai

Poonawalla Fincorp Limited

Address: No. 12A, 4th Floor,ATP Tower, Bypass Road, Madurai, Tamil Nadu-625016

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

Who is eligible for a Business Loan in Madurai?

Owners of MSME units, retailers and self-employed individuals aged between 24 and 65 years, with an annual turnover of at least ₹6 Lakh and a business vintage of minimum 2 years, are eligible for availing of a Business Loan from Poonawalla Fincorp.

What is the repayment tenure of a Business Loan obtained in Madurai?

At Poonawalla Fincorp, the repayment tenure of a Business Loan ranges from 6 to 48 months. You can choose any tenure based on your business needs and existing cashflows.

Do I have to pay any charges when applying for a Business Loan in Madurai?

Yes, you must pay a nominal processing fee when applying for a Business Loan. The processing fee is 3.5% of the disbursed loan amount.

When should I consider prepaying a Business Loan?

When considering prepayments, check how the additional payment will affect your business cashflows and reserves. Avoid prepaying the loan in the leaner months of the business cycle and check the prepayment charges here before considering this option.