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 calls for timely funding. 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 the funds for retail shop business with a collateral-free Shop Loan of up to ₹10 Lakh from Poonawalla Fincorp. With an online application process, and minimal documentation, get swift approval at competitive interest rates. Enjoy benefits like flexible repayment tenure and no hidden charges.

Why Choose Poonawalla Fincorp

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

Shop Loan EMI Calculator

Estimate monthly EMI amount with our user-friendly Shopkeeper Loan EMI calculator. Simply slide the bars to select your desired loan amount, interest rate and loan tenure 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
6Months
48Months

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

We offer a loan for shopkeepers at affordable interest rates with nominal charges:

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.

  • Working capital
  • Revamp/Renovate retail store 
  • Expand business infrastructure 
  • Purchase furniture/equipment 

Who Can Get a Shop Loan

Any small business in the MSME segment across various industries including service, manufacturing, traders, 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 financing needs for shop 
  • Fulfil minimum eligibility criteria 
  • Submit 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 Shopkeeper’s Loan for 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.  

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 of more is eligible for a Shop Loan.

What documents are required to apply for a Shopkeeper Loan?

You can apply for a Shop Loan with minimal documents 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 shop loan application.

What is the repayment tenure of a Shop Loan?

Poonawalla Fincorp offer Shop Loans with flexible repayment tenure from 6 to 36 months.