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

Business Loan EMI Calculator

Calculate your monthly repayments in advance to ensure a smooth flow of your business operations. With the monthly payable amount, based on the loan amount, interest rate, and tenure, the calculator will also show the total interest payable. 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
6 Months
48 Months

Why Choose Poonawalla Fincorp

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

Apply for a Business Loan Online in Just 3 Steps

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Click on "Apply Now”

Tap the "Apply Now" button to initiate your application.

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Enter Details

Enter your DOB, PAN card number, monthly income, and residential details.

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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

Below are the simple eligibility criteria for a Poonawalla Fincorp Business Loan:

Factor

Requirements

Age

Between 24 and 65 years

Citizenship

Indian

Business Vintage

Minimum 2 years of continuous operations

Annual Turnover

At least ₹6 Lakh per annum

Note: The eligibility criteria listed above are only a guide and may vary based on the borrower’s unique situation.

 

To apply for a Business Loan, you will need to provide the following documents:

KYC Documents

Personal Documents: Proprietor’s/Partner’s/Director’s - PAN Card/Aadhaar Card/Driving License/Voter ID/Passport and officially valid documents + proof of address (If not as per officially valid documents)

Business Documents: Business registration proof + Business address proof (if not as per business registration proof)

Business Documents

GST certificate, Udhyam Certificate and other business registered documents.

Financial Documents

Bank statement for the last 6 months or more.

Click to know more about the documentation in detail.

Below are the key interest rates and charges you should know before applying for a loan.

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% per annum plus applicable 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

  • Stock up on products or raw materials
  • Invest in modern machinery
  • Invest in skill development
  • Streamline cash flow
  • Consolidate debts
  • Fund research and development efforts

  • Present a comprehensive and realistic plan
  • Maintain clean and up-to-date books
  • Check your credit profile
  • Clearly define loan purpose
  • Showcase business performance
  • Disclose all relevant information

Here are some of the key factors affecting the Business Loan eligibility for proprietors:

Credit Score

Lenders evaluate your creditworthiness and loan terms based on your personal and business credit scores.

Nature of Business

Your business type and industry must fall within the lender’s acceptable categories to qualify for the loan.

Business Location

Your business must run from a location that has been approved and confirmed by rental documentation.

Documentation and Compliance

To prevent loan delays or rejection, appropriate KYC (Know Your Customer), tax filings, and complete documentation are necessary.

Financial Health

Your chances of being approved for a loan are increased by steady income, profitability, and a clean repayment record.

Purpose of Loan

Lenders assess whether your planned use of the loan, such as expansion or working capital, is in line with their policies.

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

These small unsecured loans are available for single proprietors to satisfy their business requirements, such as expansion, working capital and covering operating expenses.

Most Proprietorships require a minimum of two years' vintage to be eligible for this loan.

The interest rate is determined based on factors such as your credit score, annual turnover, financial records, industry type, and the loan amount.

The most important document is the proprietor’s KYC (PAN and Aadhaar) to verify their identity.

A Business Loan for proprietorship firms at Poonawalla Fincorp is an unsecured loan and does not require any assets to be pledged as collateral.

A proprietor may be eligible to borrow up to ₹75 Lakh based on their turnover, credit profile and other financial documents.

A shorter tenure will have a higher EMI; however, the total interest paid will be lower. On the other hand, a longer term will reduce the EMIs and increase the total amount of interest paid.

It means closing the loan before the end of its tenure by paying the outstanding amount in advance.

Once your documents are verified and approved, the loan amount is typically disbursed promptly.

Yes, you may use the loan to improve cash flow, purchase inventory, upgrade equipment, or advertise your products/services.

A nominal processing fee of up to 3.5% is applicable on loans for proprietors.

You can check the EMIs instantly with our online Business Loan EMI calculator. Just enter the loan amount, interest rate, and tenure.

Poonawalla Fincorp’s Business Loan for proprietors allows you to use it for various purposes, including purchasing machinery, renovating infrastructure, expanding your business, and more.