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

Get a Business Loan in Trivandrum Online

Trivandrum (Thiruvananthapuram) is one of the prime IT hubs in India. The city is also known for its rubber plantations, coffee production, tea production, and education. Make the most of your business in this dynamic city with a Business Loan in Trivandrum from Poonawalla Fincorp. Get a collateral-free loan for business of up to ₹75 Lakh to expand your business, raise working capital, hire new employees, etc., at attractive interest rate with minimal documentation, quick approval, and favourable terms. Apply now!

Why Choose Poonawalla Fincorp

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

Business Loan EMI Calculator

Know your monthly instalments using our online EMI calculator. Just enter the loan amount, tenure, and interest rate. Calculate now!

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 Trivandrum

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 Trivandrum

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 Business Loan in Trivandrum

Secure a 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% 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 Trivandrum

  • Remodelling office premises
  • Hiring and training employees
  • Boosting reserves for working capital
  • Upgrading machinery and equipment
  • Funding marketing and advertising expenses

Who Can Get a Business Loan in Trivandrum

  • Women entrepreneurs
  • Small business owners
  • Retail shop owners
  • Partnership firms
  • 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 Trivandrum

Poonawalla Fincorp Limited 

Address: 1st Floor, Sree Uthradam Arcade, Sasthamangalam, Trivandrum, Kerala - 695010

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 happens when you do not pay back a Business Loan?

If you do not pay your Business Loan back, may severely impact your credit score. It may also lead to a legal action, including confiscation of your assets. Hence, it is always advisable to have a repayment plan and pay every EMI on time.

What are the ways to repay a Business Loan?

The loan can be repaid in the form of Equated Monthly Instalments (EMIs). However, you can also make a prepayment or a foreclosure. In a prepayment, you make a lump sum payment, which reduces your total outstanding amount. In case of a foreclosure, you completely pay off the entire outstanding amount.

What is the minimum tenure for availing of a Business Loan in Trivandrum?

The minimum tenure for availing of a Business Loan from Poonawalla Fincorp is 6 months and the maximum is 48 months.