Smart Funding for Retail Operations
Managing a retail business requires steady access to funds to handle inventory cycles, operational costs, and unexpected expenses. The right business loan enables small business owners to stay financially prepared, competitive, and focused on consistent business growth.
A ₹10 Lakh loan helps small retail shops improve cash flow, manage daily operations, and support business expansion. This unsecured business loan offers competitive interest rates, flexible repayment options, and a comfortable loan tenure with quick online approval and minimal documentation.
Small Retail Shop Loan EMI Calculator
Estimate your monthly EMI easily with the Small Retail Shop Loan EMI Calculator. Select your loan amount, interest rate, and loan tenure to view instant EMI calculations. Plan working capital, manage business expenses, and make smart financial decisions with this quick and convenient small business loan tool. Calculate now!
Why Choose Poonawalla Fincorp
No Collateral Required
Competitive Interest Rate
MinimalDocumentation
Swift Approval
FlexibleTenure
No HiddenCharges
Apply for a Shop 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, residential and business details.
Upload Documents
On successful verification, the loan amount will be disbursed into your bank account.
On successful verification, the loan amount will be disbursed into your bank account instantly.
To apply for a business loan, small business owners must meet the following conditions:
Age: The business owner must be between 24 and 65 years old
Business Vintage: Your business should be running for at least 3 years
To apply for a business loan, you need to submit a few basic documents required.
- KYC Documents:
- PAN Card, Aadhaar Card, Driving Licence, Voter ID, or Passport
- Proof of address (if not mentioned in the ID)
- Business Documents
- Business registration proof
- Business address proof
- GST certificate, Udyam certificate, or other registered business documents
- Financial Documents
- Last 6 months bank account statements
The interest rate and charges for a shop loan at Poonawalla Fincorp are tailored to meet your unique business requirements.:
After 6 EMIs: 5% on principal outstanding + taxes
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
Every small business requires affordable financing to operate and scale up consistently. Here are some reasons to get a business loan for retail shops.
- Raise working capital for your shop
- Purchase stock in bulk for festivals or peak season
- Revamp or renovate your retail store
- Expand business infrastructure
- Purchase furniture or equipment
- Expand to a new location or add product lines
- Handle cash flow gaps during the off-season
Any small business in the MSME segment across various industries, including service, manufacturing, traders, and distributors, can get a business loan for shopkeepers.
- Retail shop owners/Dukandars
- Departmental stores
- Kirana stores/Grocery stores
- Specialty stores
- E-commerce retailers
- Dealerships
- Traders
- Distributors
- Franchisees
Before submitting your online loan application, consider the following points:
- Assess Requirements
- Identify the right areas to invest the funds based on your business needs. This may include inventory, renovation, staffing, or working capital. Having a clear plan improves your eligibility and strengthens your loan application.
- Plan Fund Allocation Wisely
- Once the loan amount is disbursed, make sure its usage is planned properly. This cuts off unnecessary wastage of the fund.
- Track Repayments
- Keep a record of expenses and monthly instalments. Paying your unsecured loan on time helps protect your credit score and improve future access to credit.
Understanding the key factors can help business owners improve their chances of quick approval:
- Credit Score
- Both the business and the owner’s Credit Information Bureau (India) Limited (CIBIL) score/credit score are checked. A score above 750 is considered good. A higher score improves chances of approval and helps get low interest rates.
- Nature of Business
- Only specific business entities are eligible, such as sole proprietorships, partnership firms, and private or public limited companies. Businesses in the service, trading, and manufacturing sectors are preferred.
- Business Location
- Your business should not be in a blacklisted area. You may need to own the shop or have a long-term lease to support the loan application.
- Documentation and Compliance
- Proper documents required, such as KYC, business registration, tax returns, and financial statements, are essential. Missing documents can affect eligibility criteria.
- Financial Health
- Financial institutions check your cash flow, existing debts, and repayment history. A good repayment record increases your chances of getting a small business loan.
- Purpose of Loan
- The loan amount should be used for clear business needs, such as working capital, asset purchases, or business improvements. A clear purpose improves approval chances.
A business loan supports long-term business growth in the following ways:
- Maintaining Consistent Cash Flow
- An unsecured business loan ensures smooth working capital for daily business expenses. It helps manage supplier payments, staff salaries, and utility bills with ease. This reduces stress and allows business owners to focus on business growth.
- Enhancing and Scaling Up Inventory
- A small business loan helps maintain strong inventory and avoid stock shortages. Better stock planning improves customer experience and creates growth opportunities during peak sales seasons.
- Renovating or Upgrading Infrastructure
- The loan amount can be used to upgrade the shop layout, improve lighting, add new display racks, or install additional billing counters, making daily operations more efficient.
- Hiring Additional Staff
- With access to funds, small business owners can hire more staff. This improves customer service, reduces workload, and boosts overall productivity.
- Invest in Latest Technology
- An unsecured loan makes it easier to invest in new tools and technology that improve business processes, speed up work, and support future business expansion.
Happy Customers, Happy Us
Business Loan
Securing a business loan marked a pivotal moment for our growth. The funds enabled us to invest in new equipment and significantly expand our operations. The team was transparent, supportive, and guided us every step of the way, making the entire process smooth and reassuring
Business Loan
I never imagined getting a loan could be this easy. With minimal documentation and quick disbursement, the process was incredibly smooth. It came at a crucial time and helped me manage my cash flow effectively.
Business Loan
The business loan gave me the confidence to take on larger projects. With competitive interest rates and flexible repayment terms, the experience was smooth and empowering. Truly a great experience.
Business Loan
Excellent service and timely support! The loan enabled me to renovate my setup and enhance the customer experience. I'm truly grateful for the professionalism and efficiency throughout the process.
Business Loan
The loan helped me stock up inventory just in time for the festive season. Approval was swift, and the team truly understood my business needs. A smooth and supportive experience all around!
Business Loan
I was initially hesitant, but the loan process was so well-managed that I felt confident every step of the way. It enabled me to open a second outlet and expand my brand - an experience that truly exceeded expectations.
Business Loan
The loan allowed me to upgrade my machinery and significantly boost production efficiency. The terms were clear, and the service was handled with utmost professionalism.
Business Loan
I’ve taken loans before, but this was by far the most seamless experience. The team was highly responsive, and the funds played a crucial role in digitising my business operations. Truly a smooth and supportive journey.
Business Loan
The business loan came at just the right time, allowing me to stock up on raw materials and stay ahead of seasonal demand. What impressed me most was the repayment structure; it aligned perfectly with my cash flow, making the entire experience stress-free and sustainable.
Business Loan
Taking the loan was a bold move that transformed my business and boosted revenue. It gave me the financial push I needed to take that leap, and I’m glad I did. The support made a real difference in turning plans into progress.
I run a chain of pharmacy stores with 5 branches in Pune. With the growing popularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficult for me to hire delivery persons. With Poonawalla Fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan application process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operation seamlessly.
Business Loan
The interest rates were fair and competitive, making it easy to manage cash flow for me. The process was smooth with the service and giving a rating of 10.
Business Loan
I was hesitant at first, but the team explained everything clearly and made me feel confident. The loan helped me manage working capital and grow my business steadily.
Business Loan
I was impressed by how quickly my business loan was processed. The team was extremely helpful and guided me through every step. Thanks to their support, I was able to expand my operations without any hasstle.
Business Loan
The loan process was incredibly smooth, and the team was always available to answer my queries. With the funds, I was able to renovate my store and attract more customers. Truly grateful.
Business Loan
Getting a business loan felt daunting at first, but the entire experience was smooth and transparent. The loan helped me purchase new equipment and increase production. Highly recommend their services!
Business Loan
Excellent service and prompt communication. The loan process was seamless, and the funds were disbursed faster than expected. It’s great to work with professionals who understand business needs.
Business Loan
I needed quick funding to stock up for the festive season, and the business loan came just in time. The Credit Manager was proactive and ensured everything was done on priority. Excellent service!
Business Loan
Thanks to the business loan, I was able to open a second outlet. The team was very supportive and explained all terms clearly. I appreciate the personalized attention I received.
Business Loan
I’ve taken loans before, but this was by far the most professional experience. The documentation was minimal, and the disbursement was fast. I’ll definitely recommend them to fellow entrepreneurs.
Business Loan
The loan helped me bridge a critical cash flow gap during the festive season. The team was approachable and ensured everything was handled efficiently. Great experience!
Business Loan
The business loan helped me hire skilled staff and improved my business. The support from the credit team was outstanding. They understood my business and offered the right solution.
Business Loan
I am very happy with the service of the company and will recommend everyone to take loan from Poonawalla Fincorp.
Business Loan
The loan process was quick and transparent. No hidden charges, and the team guided me at every step. Will recommend everyone.
Business Loan
They didn’t just give me a loan—they gave me peace of mind during a tough time, Happy with the service of Poonawalla Fincorp.
Business Loan
No hidden charges, no surprises. The process was clear and smooth from start to finish.
Business Loan
The team guided me at every step and made the entire experience stress-free, will highly recommend to my friends - rating 10!!!
Business Loan
They tailored the loan to fit my business model. Truly customer-focused and satisfying service given by Poonawalla Fincorp, Highly Recommended!!!
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Frequently Asked Questions
A small business loan is designed to provide business owners with funds for working capital, inventory, shop renovation, or business expansion.
Yes, you typically need KYC documents, proof of business registration, and bank statements to process the loan efficiently.
Small business loans offer competitive interest rates, often lower than personal loans, making it easier for business owners to manage repayments. Rates vary based on loan type, tenure, and financial profile.
No, applying for a small business loan is simple with minimal documentation, online application, and fast approval.
Yes, both partnership firms and self-employed business owners are eligible for unsecured business loans, subject to verification of documents and financials.
At Poonawalla Fincorp, we provide flexible repayment tenure. You can choose between 6 and 36 months.
Yes. A nominal processing fee of up to 3% is charged for the small business loan category.
Yes. It varies between financial institutions. Most lenders allow part or full prepayment. Some may charge a small fee according to their loan terms.
Most of the lenders transfer funds to the business account. Sometimes, if a sole proprietor owns the shop, they may receive it in their personal account.
Submitting extra documents, such as ITR, audited statements, or rental agreements, may help you to qualify for a loan at low interest rates.
To get a Business Loan for a kirana store from Poonawalla Fincorp, you must have a minimum business vintage of 36 months. However, as an existing small business owner, you can get a Shop Loan by fulfilling our simple eligibility criteria.
A flexible tenure means you can choose a repayment period between 6 to 36 months based on your convenience and repayment capability.
You can avail up to ₹10 Lakh financing for shops with Poonawalla Fincorp.
Any Indian small business owner within 24 to 65 years of age and having a business vintage of 3 years or more is eligible for a Shop Loan from the nearest branch.
You can apply for a Shop Loan with minimal documents and no security from Poonawalla Fincorp. Simply upload the necessary documents such as KYC documents (PAN card, Aadhar card), business documents (Udhyam/GST certificate, Shop and Establishment registration) and bank statement to complete your online application.
Poonawalla Fincorp offers funds with flexible periods from 6 to 36 months.
The EMI (Equated Monthly Instalment) for a ₹50 lakh shop loan depends on the interest rate and loan tenure. Assuming a 15% per annum interest rate and a 4-year tenure, the EMI would be approximately ₹139,154 per month.
Poonawalla Fincorp levies a nominal processing fee of up to 3% for shop loans.