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 Siliguri

Siliguri is a bustling commercial hub known for its thriving business community. The city’s economy relies on significant contributions from the transportation, tourism, tea, and timber industries. Sustain and enhance your business's growth in this thriving economy with Poonawalla Fincorp’s flexible and convenient financial services. Get a collateral-free Business Loan in Siliguri and benefit from a high loan amount, attractive interest rate, minimal paperwork, hassle-free online application, quick approval, and flexible. Apply now!

Why Choose Poonawalla Fincorp

High Loan Amount High Loan
Amount
No Collateral Required Collateral-free
Loan
Competitive
Interest Rate
Minimal
Documentation
Quick
Approval
Flexible Repayment Tenure 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 Siliguri

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 Siliguri

Submit the mandatory documents to facilitate a seamless process:

  • 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 Siliguri

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 Siliguri

  • Manage cashflow
  • Fund daily operational costs
  • Purchase inventory and equipment
  • Consolidate high-interest debts
  • Invest in commercial assets

Who Can Get a Business Loan in Siliguri

  • Women entrepreneurs
  • MSME owners
  • Retail shop owners
  • Sole proprietors
  • Partnership firms

Tips for a Successful Business Loan Application

  • Establish a detailed business plan
  • Assess your credit history
  • Arrange the financial and business documents
  • Fill out the application form correctly
  • Avoid multiple applications

Poonawalla Fincorp Branch Address in Siliguri

Poonawalla Fincorp Limited

Address: 1st Floor, Unity Building, Sevoke Road, Siliguri, West Bengal-734001

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 do I qualify for a Business Loan in Siliguri?

To apply for Poonawalla Fincorp’s Business Loan, applicants must meet the following criteria:

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

Besides meeting the eligibility criteria, you must also ensure that you submit all the necessary documents.

What is the default interest rate for a Business Loan in Siliguri?

The default interest on Poonawalla Fincorp’s Business Loan is 24% p.a. + taxes

What are the benefits of choosing a Business Loan in Siliguri?

The following are the advantages of choosing a Business Loan with us at Poonawalla Fincorp:

  • High loan amount
  • Low interest rate
  • Affordable and flexible EMIs
  • Transparent cost structure