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

Get a Small Business Loan Online

Every business needs regular access to affordable credit financing to grow their venture and expand into newer markets. Secure instant funds to grow your existing business with a Small Business Loan from Poonawalla Fincorp. Avail of this collateral-free loan of up to ₹75 Lakh to expand your business, meet your working capital needs, purchase machinery and inventory, etc. What’s more? Benefit from our attractive interest rate, flexible repayment tenure, quick approval and instant disbursal. Apply now!

Why Choose Poonawalla Fincorp

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

Business Loan EMI Calculator

Make use of our user-friendly EMI calculator to plan your monthly payments. Just enter the loan amount, interest rate and tenure to calculate your EMI instantly. 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
6Months
48Months

Apply for a Business 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, and residential details.

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

Eligibility Criteria for a Small Business Loan

Meet our simple eligibility criteria:

  • Age: Between 24 and 65 years.
  • Citizenship: Indian.
  • Business Vintage: Minimum 2 years.
  • Annual Turnover: At least ₹6 Lakh.

Documents Required for a Small Business Loan

Submit the essential documents while applying:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about the documentation in detail.

Interest Rate and Charges for a Small Business Loan

Secure a Small Business Loan at affordable interest rate and minimum charges:

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

Different Uses of a Small Business Loan

  • Expand your business operations
  • Upgrade existing facilities
  • Purchase machinery and equipment
  • Manage your working capital requirements
  • Consolidate high-interest debts
  • Recruit new staff

Who Can Get a Small Business Loan

  • MSMEs
  • Owner of retail shops
  • Sole proprietors
  • Women entrepreneurs
  • Small business owners

Tips for a Successful Small Business Loan Application

  • 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

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

What is the lowest EMI for a Small Business Loan?

The lowest EMI for our Small Business Loan starts from ₹13,915 for a loan amount of up to ₹75 lakh with an interest rate of 15%* p.a. onwards and a loan tenure of up to 48 months.

Do I need to provide collateral to get a Small Business Loan?

No, you do not need to provide any asset as collateral to avail of our Small Business Loan. 

What is the repayment tenure for a Small Business Loan?

The loan tenure for our small business loan ranges from 6 to 48 months. You should select a loan tenure based on your repayment capacity.