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 Vapi

Vapi is a major industrial hub in Gujarat. The city’s well-developed infrastructure and excellent transport facilities contribute to its growing economy. Fulfil your business needs in this city with a Business Loan from Poonawalla Fincorp. Get collateral-free of up to ₹75 Lakh at competitive interest rate with minimal documentation and no hidden charges. 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

Use our EMI calculator to estimate your monthly repayments. 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 Vapi

Meet our simple eligibility criteria:

  • 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 Vapi

Submit the mandatory documents to facilitate a seamless process:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about documentation in detail.

Interest Rate and Charges for a Business Loan in Vapi

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% 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 Vapi

  • Financing working capital needs
  • Upgrading equipment and machinery
  • Renovating your business premises
  • Hiring and training employees
  • Launching a new product or service

Who Can Get a Business Loan in Vapi

  • 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 Vapi

Poonawalla Fincorp Limited

Address: A-820, 8th Floor, Building-A, Sonorous Circuit House, Mahatma Gandhi Circle, Vapi, Gujarat-396191

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 calculate EMIs using a Business Loan EMI calculator?

Visit Poonawalla Fincorp’s Business EMI calculator page, enter your loan amount, the offered interest rate, and the loan tenure to instantly see your monthly repayments. You can also enter different values to check what suits your monthly budget the best.

Do multiple Business Loan applications affect our credit score?

Yes, filing multiple loan applications to multiple lenders can affect your credit score. Each application leads to a hard inquiry created by the lenders. Multiple hard inquiries impact your credit score.

How can we prepare a repayment plan for a Business Loan?

Developing a repayment plan involves certain activities, such as assessing your current financial status and obligations, considering your income, and determining the EMI amount you can pay. Moreover, consider making prepayments when business income is high, as it helps you save on interest and reduce your debt burden.