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

Get a Flexible Business Loan in Ranchi

Ranchi, the capital city of Jharkhand, is a thriving business hub with a vibrant entrepreneurial spirit. It offers a favourable ecosystem for businesses across various sectors, including manufacturing, agriculture, services, and more. Invest in your business with Business Loan in Ranchi from Poonawalla Fincorp.

From purchasing inventory to buying tools or software, meet all your business needs with our loan. Get a high loan amount of up to ₹75 Lakh at attractive interest rate, minimal paperwork, and favourable terms. 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 repayments with our EMI calculator. 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 Ranchi

Fulfil our simple eligibility criteria:

  • 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 Ranchi

Skip the heavy paperwork and submit just the essential 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 Ranchi

We offer 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 Ranchi

  • Expand business operations
  • Renovate office infrastructure
  • Upgrade equipment and tools
  • Streamline business’ cashflow
  • Manage daily expenses
  • Purchase commercial assets

Who Can Get a Business Loan in Ranchi

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

Tips for a Successful Business Loan Application

  • Assess your creditworthiness
  • Demonstrate healthy repayment abilities
  • Ensure you meet the eligibility criteria
  • Arrange all the required documentation
  • Provide accurate information
  • Avoid multiple applications

Poonawalla Fincorp Branch Address in Ranchi

Poonawalla Fincorp Limited

Address: Office No.401, 4th Floor, Samriddhi Square, Kishoreganj Chowk, Ranchi, Jharkhand – 834001

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

For what purpose can I get a Business Loan in Ranchi?

You can get a Business Loan from Poonawalla Fincorp for any business-related expenses, such as meeting working capital needs, buying equipment, or expanding your business.  

How can I easily get a Business Loan in Ranchi?

To get a Business Loan easily, visit our Ranchi branch or apply online in 3 easy steps: 

Step 1: Click on ‘Apply Now’. 

Step 2: Fill out the application form. 

Step 3: Upload the necessary documents. 

Upon verification, the loan amount will be credited to your bank account. 

When should I consider Business Loan prepayments?

Opt for prepayments when your business has sufficient cash flow and substantial profits and if you want to reduce the EMI or tenure of the loan.