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

Get a Business Loan in Muzaffarpur Online

Muzaffarpur, the largest city in northern Bihar, is known for its vibrant agricultural industry, thriving small businesses and entrepreneurial spirit. Harness the spirit of this city and get easy access to credit by availing a collateral-free Business Loan in Muzaffarpur from Poonawalla Fincorp. Use the funds to finance your business expansion at competitive interest rate, nominal charges, flexible terms and hassle-free loan 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

Plan your monthly repayments with our EMI calculator. Just enter the loan amount, interest rate and loan tenure to calculate your EMI in seconds. Use it 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 Muzaffarpur

Meet our simple eligibility criteria to get a Business Loan:

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

Documents Required for a Business Loan in Muzaffarpur

Submit just a few mandatory documents to apply:

  • 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 Muzaffarpur

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 Muzaffarpur

  • Upgrading machinery and equipment
  • Expanding business premises
  • Entering new markets
  • Consolidating multiple loans
  • Hiring trained staff
  • Stocking up on supplies

Who Can Get a Business Loan in Muzaffarpur

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

Tips for a Successful Business Loan Application

  • Make a detailed note of your business requirements
  • Prepare your business plan
  • Check your updated credit score and repayment history
  • Furnish the required documents

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 lowest EMI I can pay for a Business Loan?

At Poonawalla Fincorp, you can get a Business Loan with EMIs starting from ₹13,915* per Lakh. The EMI value mentioned above is calculated based on an interest rate of 15%* p.a. onwardas and a tenure between 6 and 48 months.

Can I meet my urgent requirements with a Business Loan?

Yes, Poonawalla Fincorp’s Business Loan is an ideal solution for business-related emergencies. Firstly, the loan approval process is fairly quick and secondly, you can get a loan amount of up to ₹75 Lakh, enough to cover your financial needs.

How can I apply for a lower-value EMI on a Business Loan in Muzaffarpur?

To get a lower-value Business Loan EMI from Poonawalla Fincorp, you can opt for a longer tenure or a smaller loan amount. Furthermore, you can make prepayments to lower the EMI.