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

Get a Flexible Business Loan in Morbi

Morbi, also known as Morvi, is a well-known city for its cultural heritage, rich history, and economic prowess. It is the hub for clock manufacturing and the ceramic industry. Grab the opportunity to expand your business in Morbi with the right financing solution. Get a Business Loan in Morbi to grow your business to the next level. Benefit from attractive interest rates, flexible loan tenure, and zero hidden charges. Apply now!

Why Choose Poonawalla Fincorp

High Loan
Amount
Collateral-free
Loan
Competitive
Interest Rate
Minimal
Documentation
Quick
Disbursal
Flexible
Repayment Tenure

Business Loan EMI Calculator

Estimate your monthly repayment using our online EMI calculator before borrowing funds. Simply enter the loan amount, interest rate and tenure. 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 Morbi

Meet our simple eligibility criteria:

  • 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 Morbi

Submit the mandatory documents for getting 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 Morbi

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 Morbi

  • Fulfil working capital needs
  • Invest in machinery and equipment
  • Renovate existing business infrastructure
  • Expand your business
  • Introduce a new product

Who Can Get a Business Loan in Morbi

  • Retail owners
  • Women entrepreneurs
  • MSMEs
  • Private business owners

Tips for a Successful Business Loan Application

  • Maintain a credit score of 750 or above
  • Prepare detailed financial projections for your business
  • Showcase your market share and growth potential
  • Highlight any eco-friendly or innovative practices in your business
  • Demonstrate efficient resource management for seamless growth
  • Provide a clear plan for loan utilisation and return on investment

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 Morbi?

The maximum Business Loan amount typically varies depending on the borrowers. At Poonawalla Fincorp, we offer up to ₹75 Lakh. Click to know more about the documentation in details. 

Do I need collateral for a Business Loan in Morbi?

No, you do not have to pledge any collateral for a Business Loan in Morbi from Poonawalla Fincorp.

Can I get a Business Loan if I have a low credit score?

While a good credit score improves your chances, we also consider other factors, such as business financials and the purpose of the loan. However, interest rate may be higher.

What documents are required for a Business Loan application in Morbi?

To apply for a Business Loan seamlessly, you will need KYC documents, business registration proof, financial statements, and bank statements.