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

Get a Quick Business Loan in Odisha

Odisha is the ninth-largest state of India, known for its rich history and famous ancient temples. Its strategic location and business environment offer endless opportunities to entrepreneurs. Whether you need to invest in new machinery, increase your working capital, or renovate your facilities, fulfil any needs with our quick and flexible Business Loan in Odisha. Our loan comes with competitive interest rate, minimal documents, and quick approval. 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

Use our EMI calculator to estimate your monthly payments. Just enter the loan amount, tenure, and interest rate. 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 Odisha

Meet our simple eligibility criteria to get started on your application today:

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

Documents Required for a Business Loan in Odisha

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 Odisha

Avail of a Business Loan 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 Odisha

  • Hiring new staff 
  • Buying new equipment 
  • Expanding your existing space  
  • Building working capital reserves  
  • Consolidating debt 

Who Can Get a Business Loan in Odisha

  • MSMEs   
  • Small business owners 
  • Women entrepreneurs 
  • Retailers 
  • Sole proprietors 

Tips for a Successful Business Loan Application

  • Establish a loan purpose 
  • Have a healthy credit score 
  • Avoid multiple applications 
  • Gather required documents beforehand 

Poonawalla Fincorp Branch Address in Odhisa

Poonawalla Fincorp Branch Address in Bhubaneshwar

Address: Office No. 108, 108(a), 109 & 110, 1st Floor, Odyssa Business Centre, Rasulgarh Square, Bhubaneswar, Odisha -751010 

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

How long does it take to get your Business Loan in Odisha approved?

Approval of a Business Loan in Odisha takes place within a few minutes, provided you meet the desired eligibility criteria and submit all relevant documents. 

Can I avail of a Business Loan without any collateral?

Yes, you can avail of a Business Loan from us with no security or collateral. You do not have to pledge any personal or business assets to get our unsecured loan. 

How do I calculate the EMI amount that I must pay for a Business Loan?

To calculate the EMI amount, use our EMI calculator online. By adjusting the loan amount and tenure, you can derive the EMI amount.