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

Get a Quick Business Loan in Rajkot

Rajkot, one of the prime industrial hubs of Gujarat, has several prominent manufacturing industries for water pumps, diesel engines and ceramics. It also has a conducive business environment ripe for achieving long-term growth for existing businesses. Seize the opportunity to grow your business with a collateral-free Business Loan in Rajkot from Poonawalla Fincorp. Unlock access to up to ₹75 Lakh with minimal paperwork, flexible loan tenure and quick approval. Apply now!

Why Choose Poonawalla Fincorp

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

Business Loan EMI Calculator

Use the EMI Calculator to calculate your monthly payments. Slide the bar to enter the loan amount, interest rate and loan tenure. 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 Rajkot

Get easy access to our loan by meeting the simple eligibility criteria:

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

Documents Required for a Business Loan in Rajkot

Submit the mandatory documents while applying:

  • 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 Rajkot

We offer Business Loan at attractive interest rate and nominal 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 Rajkot

  • Business expansion and diversification
  • Financing working capital requirements
  • Upgrading existing machinery and software
  • Hiring and training employees
  • Meeting working capital needs

Who Can Get a Business Loan in Rajkot

  • MSMEs
  • Small business owners
  • Owner of retail shops
  • Sole proprietors
  • Women entrepreneurs

Tips for a Successful Business Loan Application

  • Know the business requirements
  • Prepare a business plan
  • Check your credit score
  • Keep the required documents handy

Poonawalla Fincorp Branch Address in Rajkot

Poonawalla Fincorp Branch Address 

Address: Office No.306, 3rd Floor, Twin Star, South Block, Near Silver Height, Nana Mawa Chowk, 150 Ring Road, Rajkot, Gujarat-360005

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 is the lowest EMI for a Business Loan in Rajkot?

The lowest EMI for Poonawalla Fincorp’s Business Loan starts from ₹13,915* per Lakh at an interest rate of 15%* p.a. onwards and a loan tenure between 6 and 48 months.

What purposes can a Business Loan be used for?

You can utilise a Business Loan to fund any kind of business requirement. Some of them include funding working capital requirements, purchasing fixed assets, purchasing inventory, office renovation and many more.

What is the processing fee for a Business Loan?

The applicable processing fee for a Business Loan from Poonawalla Fincorp is 3.5% of the sanction amount.