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

Get a Quick Business Loan in Nagpur

Nagpur also called the ‘Tiger Capital of India,’ is one of the important cities for the IT sector in Maharashtra. Being an emerging metropolis, it is the fastest-growing city of millionaires. The city’s rich agricultural and manufacturing sectors create ample opportunities for entrepreneurs to grow and flourish.

Invest in your venture with quick access to financial resources. Poonawalla Fincorp supports entrepreneurs with Business Loan in Nagpur. We offer high loan amounts of up to ₹75 Lakh at attractive interest rate with minimal documentation, quick approval, and flexible repayment tenure.

Why Choose Poonawalla Fincorp

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

Business Loan EMI Calculator

Calculate your monthly repayments easily with our EMI calculator. Enter the loan amount, tenure, and interest rate to estimate your monthly expenses. 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

Rupees one lakh

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 Nagpur

Meet our simple eligibility criteria:

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

Documents Required for a Business Loan in Nagpur

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 Nagpur

Avail of a Business Loan at affordable interest rate and minimal charges:

Interest Rate
15%* p.a. onwards
Loan Amount
₹5 Lakh to ₹75 Lakh
Loan Processing Fees
Up to 3% plus applicable taxes
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 plus applicable taxes
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 Nagpur

  • Managing daily business operations
  • Financing an expansion project
  • Expanding presence in new markets
  • Purchasing assets, inventory and equipment
  • Meeting working capital needs
  • Recruiting and training staff

Who Can Get a Business Loan in Nagpur

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

Tips for a Successful Business Loan Application

  • Check the eligibility criteria
  • Review your credit score
  • Submit the required documents
  • Avoid multiple application

Poonawalla Fincorp Nagpur Branch Address

Poonawalla Fincorp Limited

Address: 1st Floor, Vision, Plot No. 9, CTS No. 1062, VIP road, beside traffic park, Mouje Gadge, Dharampeth, Nagpur, Maharashtra-440010

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

Can a startup get a Business Loan in Nagpur?

To avail of a Business Loan from Poonawalla Fincorp, your business must have at least 2 years of operational history from the date of its registration. Also, your business must have at least ₹6 Lakh in yearly turnover.

Can I get a short-term Business Loan in Nagpur?

Yes, with Poonawalla Fincorp, you can get a collateral-free Business Loan with a flexible repayment tenure between 6 and 48 months.

Do I have to submit any documents to get a Business Loan?

No, at Poonawalla Fincorp, we offer a simplified documentation process where you only have to submit some essential documents to get quick approval.