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

Get a Quick Business Loan in Mizoram

Mizoram is a beautiful state in north-east India, known for its lush green hills and dense forests. The state is also witnessing notable business development, especially in sectors like agriculture, handloom, and tourism. Access quick funds in this growing state with a Business Loan from Poonawalla Fincorp to fund your business needs. Secure funds of up to ₹75 Lakh to stock inventory, purchase high-tech machinery, scale up business operations, consolidate debt, etc. Enjoy attractive interest rate, fast approval, and zero hidden charges. Apply now!

Why Choose Poonawalla Fincorp

High Loan
Amount
No Collateral
Required
Competitive
Interest Rate
Minimal
Documentation
Quick
Approval
Flexible
Repayment Tenure

Business Loan EMI Calculator

Consider calculating your monthly EMI before applying for a Business Loan. Adjust the slider to set 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

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 Mizoram

Fulfil our simple eligibility criteria and avail of a Business Loan in Mizoram:

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

Documents Required for a Business Loan in Mizoram

Submit the essential documents for a Business Loan:

  • 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 Mizoram

Secure a Business Loan at competitive 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 Mizoram

  • Diversify your business  
  • Improve existing infrastructure 
  • Consolidate high-interest debt 
  • Invest in new business opportunities 
  • Fulfil working capital needs 
  • Higher workforce  
  • Purchase new equipment or machinery 

Who Can Get a Business Loan in Mizoram

  • Small businesses 
  • Women-led businesses  
  • Manufacturing businesses  
  • Proprietors 
  • MSMEs 
  • Retailers 

Tips for a Successful Business Loan Application

  • Determine the purpose of borrowing 
  • Maintain a strong credit score 
  • Submit the essential documents 
  • Avoid multiple loan inquiries  

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 are the potential uses of a Business Loan?

You can avail of a Business Loan for various business-related purposes, such as meeting working capital requirements, purchasing fixed assets, or expanding your business. 

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

The interest rate for a Business Loan starts at 15%* p.a. onwards. 

What are the core benefits for getting a Business loan?

Get a collateral-free Business Loan with a simple application process, minimal documentation, competitive interest rate, and more.