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

Get a Business Loan in Tiruppur Online

Tiruppur, situated in Tamil Nadu, is renowned for its textile industry and has a business environment suitable for the growth of existing businesses. Capitalise on the business opportunities in Tiruppur with a collateral-free Business Loan! Meet your business expenses like expanding existing operations, purchasing new machinery or inventory, etc. with up to ₹75 Lakh. Get a Business Loan with attractive interest rate, no hidden charges, minimal documentation and easy approval. Apply now!

Why Choose Poonawalla Fincorp

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

Business Loan EMI Calculator

Use the EMI Calculator to know the monthly payments for your Business Loan. Enter the loan amount, interest rate and tenure to get the results. 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 Tiruppur

Meet our simple eligibility criteria to qualify:

  • 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 Tiruppur

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 a Business Loan in Tiruppur

We offer Business Loan at competitive 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 Tiruppur

  • Renovate your office
  • Upgrade machinery and equipment
  • Purchase commercial property
  • Hire and train employees
  • Purchase stock and replenish inventory
  • Manage working capital requirements

Who Can Get a Business Loan in Tiruppur

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

Tips for a Successful Business Loan Application

  • Plan your business requirements
  • Make a business expansion plan
  • Check the eligibility criteria
  • Check your credit score
  • Keep all essential documents readily available

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 much capital can I access to get a Business Loan in Tiruppur?

You can avail of a maximum Business Loan of up to ₹75 Lakh from Poonawalla Fincorp for funding your business expansion, meeting working capital needs, upgrade existing machinery, etc.

What is the lowest possible EMI I can pay?

For a Business Loan amount of ₹5 lakh with the lowest possible interest rate of 15%* per annum and a repayment tenure of 48 months, the minimum EMI would be ₹13,915*.

What are the pros and cons of foreclosing a Business Loan?

Foreclosing a Business Loan saves on your interest outgo and reduces your debt burden. At the same time, it may exert a strain on your current cash flow and attract foreclosure charges.