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

Get a Collateral-free Business Loan in Patna

Patna, the capital city of Bihar, is a bustling commercial and industrial hub in eastern India. It is home to a diverse range of businesses, including manufacturing, trading, services, etc. Grow your business in this evolving city with a Business Loan in Patna from Poonawalla Fincorp. Get access to a high loan amount at competitive interest rates and apply with minimal documentation for quick approval. Apply now!

Why Choose Poonawalla Fincorp

High Loan Amount High Loan Amount
No Collateral Required No Collateral Required
Minimal Paperwork Minimal
Paperwork
Quick Approval Quick
Approval
Flexible Repayment Tenure Flexible Repayment Tenure
No Hidden Charges No Hidden
Charges

Business Loan EMI Calculator

Know your monthly instalments with our online EMI calculator. Just enter the loan amount, tenure, and interest rate.

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 Patna

Meet our simple eligibility criteria to qualify:

  • 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 Patna

Skip the heavy paperwork and submit just a few mandatory documents:

  • 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 Patna

Poonawalla Fincorp offers Business Loan at competitive interest rate and nominal 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 Patna

  • Inventory financing
  • Equipment purchase
  • Business expansion
  • Interior refurbishment
  • Retail store expenses
  • Working capital

Who Can Get a Business Loan in Patna

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

Tips for a Successful Business Loan Application

  • Check the eligibility criteria
  • Review your credit score
  • Arrange the essential documents
  • Fill out the application form correctly

Poonawalla Fincorp Branch Address in Patna

Poonawalla Fincorp Limited

Address: Office no. 105, 1st Floor, Pandey Plaza, Exhibition Road, Patna, Bihar-800001

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

rightArrow
rightArrow

Frequently Asked Questions

Does Poonawalla Fincorp have an online application process?

Yes, with Poonawalla Fincorp, you can access smart financial solutions seamlessly through our completely digital application process.

Can I use a Business Loan for debt consolidation?

Yes, you can consolidate your high-interest debts into a single debt with Poonawalla Fincorp's Business Loan. Choose us and benefit from lower interest rates, extended repayment tenure and cost transparency.

What is the loan processing fees on Poonawalla Fincorp's Business Loan?

The loan processing fees are minimal and up to 3% plus applicable taxes.