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

Get a Business Loan in Nellore Online

Nellore, a pivotal city for trade and commerce in Andhra Pradesh, has a favourable climate for business growth. Existing businesses can access these opportunities with a Business Loan in Nellore from Poonawalla Fincorp.

Get up to ₹75 Lakh to expand your business, increase your workforce, arrange working capital, purchase machinery, etc. Enjoy attractive interest rate, minimal paperwork and fast 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

Calculate your monthly payments with our easy-to-use EMI calculator. Slide the bar to enter the loan amount, interest rate and tenure to know your EMI instantly. Try 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 Nellore

Meet our simple eligibility criteria to get the loan:

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

Documents Required for a Business Loan in Nellore

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 Business Loan in Nellore

Secure funding for your venture 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 Nellore

  • Improving existing business set-up
  • Boosting working capital reserves
  • Financing business expansion or diversification
  • Buying new machinery, equipment or software
  • Hiring more employees
  • Procuring and stocking inventories
  • Consolidating existing debts

Who Can Get a Business Loan in Nellore

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

Tips for a Successful Business Loan Application

  • Make a list of your business requirements
  • Prepare a business plan
  • Check your credit score and repayment history
  • Arrange the required loan documents

Poonawalla Fincorp Branch Address in Nellore

Poonawalla Fincorp Limited

Address: 4th floor, Sri Chamundeswari Plaza,House no.24/2/418, Saraswathi Nagar, Dargamitta, Nellore, Andhra Pradesh-524003

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

What are the applicable late payment charges on a Business Loan?

If you default on your EMIs, a penal interest of 2% is charged on the defaulted EMI amount each month. Additionally, a penalty of ₹500 is levied for each bounced cheque.

Can you apply for a Business Loan from Poonawalla Fincorp only by visiting its branch?

Poonawalla Fincorp has an extensive network of branches throughout the country where you can visit and apply for a Business Loan. Additionally, you can also visit our website or download our mobile app to apply for the loan and upload the loan documents online to avail of the loan with fast approval.

When is the ideal time to avail of a Business Loan?

The best time to take out a Business Loan is when your business requires additional funds for expansion, purchasing equipment, or funding marketing campaigns. It is essential to evaluate your business's financial health and ensure you have a robust plan for using the loan effectively.