Loan Amount
Up to ₹10 Lakh
Interest Rate
Starting at 18%* p.a.
Loan Tenure
6-36 Months

Finance Business Needs With a Shopkeeper Loan

Scaling up a shop or small business in India requires timely funding to meet business goals. Whether it's for working capital, shop renovation, refurnishing, or purchasing equipment, securing quick financing is imperative for small business owners, dukandars and kirana store owners.

Get quick access to funds with a collateral-free business loan for shop of up to ₹10 Lakh from Poonawalla Fincorp. With an online application process and minimal documentation, get swift approval at competitive rates. Enjoy benefits like flexible repayment tenure and no hidden charges.

Why Choose Poonawalla Fincorp

No Collateral
Required
Competitive
Interest Rate
Minimal
Documentation
Swift
Approval
Flexible
Tenure
No Hidden
Charges

EMI Calculator for Loan on Shop

Estimate the monthly EMI amount with our user-friendly Business Loan EMI calculator. Simply slide the bars to select your desired loan amount, interest rate and loan period below. The estimated monthly payable amount is displayed automatically. 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

Interest Rate

%
15%
30%

Tenure

Months
6 Months
48 Months

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.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Shopkeeper Loan

Meet the simple eligibility criteria:

  • Age: Between 24 and 65 years.
  • Citizenship: Indian.
  • Business Vintage: At least 3 years.

Documents Required for a Shopkeeper Loan

Submit just the essential documents:

  • KYC Documents: PAN card, Aadhaar card
  • Business Proof: Udhyam Certificate, GST Certificate, Shop and Establishment Registration
  • Bank Statement: Of the previous months

Interest Rate and Charges for a Shop Loan

The interest rate and charges for a shop loan at Poonawalla Fincorp are tailored to meet your unique business requirements.:

Interest Rate
18%* p.a. onwards
Loan Amount
₹1 Lakh to ₹10 Lakh
Loan Processing Fees
Up to 3%
Loan Tenure
6-36 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
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

Reasons to Get a Shop Loan

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
 

Who Can Get a Shop Loan

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 

Tips for a Successful Shop Loan Application

  • Determine the financing needs for the shop 

  • Fulfil the minimum eligibility criteria 

  • Submit the necessary documents 

  • Apply with a good credit score

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

Can I get a loan to start a kirana store?

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.

What does flexible tenure in a shopkeeper loan mean?

A flexible tenure means you can choose a repayment period between 6 to 36 months based on your convenience and repayment capability.

How much loan amount can I get with a business loan for shops?

You can avail up to ₹10 Lakh financing for shops with Poonawalla Fincorp.

Who is eligible for a retail shop loan?

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.

What documents are required for a Shopkeeper Loan?

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.

What is the repayment period of a Shop Loan?

Poonawalla Fincorp offers funds with flexible periods from 6 to 36 months.

What is the EMI for a ₹50 lakh shop loan?

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.

What is the processing fee for a shopkeeper loan?

Poonawalla Fincorp levies a nominal processing fee of up to 3% for shop loans.