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

Monthly EMI Calculator for Small Loan For Business

Estimate your monthly EMI easily with the Small Business Loan EMI Calculator. Choose your loan amount, interest rate, and repayment tenure to get instant EMI results. Plan your working capital, manage business expenses more effectively, and make informed financial decisions with this quick, easy tool.

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
60 Months

Why Choose Poonawalla Fincorp

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

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

To apply for a small Business Loan, you need to submit a few basic 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 Address Proof, GST certificate, Udhyam Certificate and other business registered documents
  • Financial Documents, Bank statement for the last 6 months.

Click to know more about the documentation in detail.

  • Expand your business operations
  • Upgrade existing facilities
  • Purchase machinery and equipment
  • Manage your working capital requirements
  • Consolidate high-interest debts
  • Recruit new staff
  • MSMEs
  • Owner of retail shops
  • Sole proprietors
  • Women entrepreneurs
  • Small business owners
  • Decide your business requirements
  • Check your credit score and repayment history
  • Arrange the relevant documents to apply for the loan
  • Avoid applying for the loan multiple times

Small business loans are designed to satisfy the diverse needs of all businesses:

  • Unsecured Business Loan: No collateral required; you can access funds without pledging other assets.
  • Competitive Interest Rates: Interest rates are structured to be affordable, based on factors such as your credit score, business profile, and financial health.
  • Flexible Repayment Options: You can choose repayment terms that match your monthly cash flow needs.
  • High Loan Amount: You can borrow up to ₹1 Cr, subject to a good credit score and eligibility.
  • Quick Approval Process: A digital, simplified loan application streamlines loan approvals for eligible borrowers.
  • Minimal Documentation: Each loan application requires only minimal documentation, enabling quicker processing.
  • Transparent Charges: All fees associated with the loan application are clearly communicated, so you don’t have any hidden charges.

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

A Small Business Loan is an unsecured financing option for businesses to fund operational expenses.

A Small Business Loan can be obtained by business owners, self-employed professionals, or small business entities, subject to eligibility criteria.

No, this is an unsecured business loan and does not require collateral.

 

A borrower can obtain a minimum loan amount between ₹5 Lakh and a Maximum of ₹1 Cr, subject to evaluation.

Multiple factors are used to determine your interest rates, including credit score, age of operation, repayment history, and financial profile.

Once the bank verifies the required documentation, the Small Business Loan approval process is usually very fast.

A Small Business Loan can be used for working capital, operational costs, business expansion, and equipment purchases.

Use a Business Loan EMI calculator to calculate their EMIs by entering information regarding the loan amount, interest rate, and loan tenure.

Yes, you can prepay your Small Business Loan, depending on the bank's terms and conditions.

You can complete the Business Loan application online by filling out the online application form with your business details, mobile number, and bank account information. Once approved, the loan amount is disbursed directly to your bank account by the financial institution.