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

Get a Business Loan in Panipat Instantly

Panipat is known as the ‘City of Weavers’ and ‘Textile City’. It is significant for its international handloom production market and is also home to manufacturing industries such as wool, cotton, glass, etc. Capitalise on the business growth opportunities with a Business Loan in Panipat from Poonawalla Fincorp. From business expansion to raising capital, use the funds to meet any business needs. Get an unsecured loan of up to ₹75 Lakh at competitive interest rate with minimal paperwork, quick approval, and flexible loan terms. Apply now!

Why Choose Poonawalla Fincorp

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

Business Loan EMI Calculator

Know your payable EMIs using our EMI calculator. Enter the loan amount, interest rate, and tenure. Calculate now!

Optimise Your Personal Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹100000
Interest Payable
₹5,493

Loan Amount

Interest Rate

%
9.99 %
30 %

Tenure

Months
12Months
84Months

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 Panipat

Meet our simple eligibility criteria to get easy access to funds:

  • 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 Panipat

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 Panipat

We offer Business Loan at competitive interest rate and transparent 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 Panipat

  • Renovating business premises
  • Hiring and training employees
  • Purchasing inventory
  • Funding working capital requirements
  • Upgrading machinery and equipment
  • Marketing and advertising

Who Can Get a Business Loan in Panipat

  • Sole proprietors
  • Retail shop owners
  • Small business owners
  • Woman entrepreneurs
  • Partnership firms

Tips for a Successful Business Loan Application

  • Keep your records up to date
  • Have a plan and know the purpose
  • Gather all necessary documentation
  • Maintain good credit history
  • Avoid multiple applications

Poonawalla Fincorp Panipat Branch Address

Poonawalla Fincorp Limited 

Address: 2nd Floor, SCO 32, sector 11, Panipat, Haryana-132103

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 can a Business Loan EMI calculator help with loan planning?

A Business Loan EMI calculator helps you determine your monthly repayments in just a few clicks. This information is crucial for making informed loan decisions and is essential for developing an efficient repayment strategy.

What is the maximum tenure for a Business Loan in Panipat?

You can avail of a Business Loan and repay it over a maximum tenure of 48 months, or 4 years, from the sanction date with Poonawalla Fincorp.

What factors do lenders consider when calculating a Business Loan interest rate?

Several factors, such as interest rate, credit score, borrower’s age, outstanding liabilities and business revenue are considered while calculating the interest rates