Get a Small Business Loan Online
Many Indian small businesses depend on affordable, flexible financing to support daily operations and seasonal funding needs. From local grocery stores, salons, boutiques, and eateries to small-scale manufacturing units and local service providers, every small business has its own financing needs. Poonawalla Fincorp’s Small Business Loan helps business owners fund operations like restocking fast-moving goods, purchasing equipment, and managing other cash flow needs.
Apply online for our loan for small businesses with minimal documents and access collateral-free business funds of up to ₹1 Crore. Empower your small business with affordable funding at competitive interest rates and repay conveniently with flexible tenure.
EMI Calculator for a Micro Loan for Small Businesses
Responsible borrowing for your small business means planning your monthly repayments ahead. Our user-friendly EMI calculator helps you estimate your monthly budget and understand how your Small Business Loan EMIs will fit into it. With our micro loan EMI calculator, you can check your estimated monthly EMI amount simply by entering the desired loan amount, preferred tenure, and expected interest rate.
Optimise Your Business Loan Experience
With Monthly Budget Planning
Why Choose Poonawalla Fincorp
No Collateral Required
CompetitiveInterest Rate
MinimalDocumentation
QuickApproval
Flexible Repayment Tenure
Zero Hidden Charges
Apply for a Business Loan Online 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.
Qualify for our micro loan for small businesses by meeting our simple eligibility criteria below.
- Age: Between 24 and 65 years.
- Citizenship: Indian.
- Business Vintage: Minimum 2 years.
- Annual Turnover: At least ₹6 Lakh.
To apply for our micro loan for businesses, you only need a few basic documents, like:
-
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.
We offer our loan scheme for small businesses at affordable interest rates and transparent charges. There are no hidden charges.
After 6 EMIs: 5% on principal outstanding + taxes
Part payment after payment of first six (6) EMI’s: 5% on principal partly paid amount plus applicable taxes.
Know more about Business Loan interest rates and charges
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
Our hassle-free loan for small businesses is designed to address several micro funding needs like the following:
- Working Capital Management: You can also cover day-to-day operational costs of your small business, such as paying monthly salaries, managing store rent and utility bills, and funding vendor payments and much more with our loan for small businesses.
- Inventory Purchase: Our loan for small businesses can adequately fund inventory expenses, such as stocking up on raw materials and other fast-moving items for your retail store.
- Business Expansion: Eligible micro businesses planning to expand their operations can benefit from our affordable micro loan for small enterprises. You can get quick approval of funds for opening new branches, recruiting new staff, scaling operations, or upgrading your existing facility.
- Debt Consolidation: You can also avail funds with our loan for small businesses at affordable interest rates to consolidate existing high-interest business loan debt and improve the cash flow of your business.
- Equipment and Machinery Upgrade: Small manufacturing business owners can also invest in new tools, technology, and machinery with our collateral-free Business Loan. Alternatively, you can also explore our Machinery Loan.
The following demonstrates how your total loan amount, interest rate, and tenure can influence your EMIs and total repayment amount.
- Loan Amount: ₹5,00,000
- Interest Rate: 15%* p.a.
- Loan Tenure: 24 months
- Approx. EMI: ₹24,243 per month
- Total Interest Payable: ₹81,839 (approx.)
- Total Repayment Amount: ₹5,00,000 + ₹81,839 = ₹5,81,839 (approx.), excluding applicable processing fees, taxes, and other charges.
Poonawalla Fincorp’s small loan for businesses is designed to cater to a wide range of micro and small businesses and business owners such as below:
- Sole Proprietors: Individual business owners functioning under their own name or a trade name can opt for a small loan for businesses to fund business operations.
- Partnership Firms: Businesses run by two or more partners under a registered partnership deed can also avail our Business Loan.
- Micro, Small, and Medium Enterprises (MSMEs): Organisations registered under the MSME Act, across manufacturing, trading, or service sectors, can also avail our hassle-free business funding options. To officially register your operation as an MSME, visit Udyam’s official website and fill in your details.
- Retailers and Traders: Shopkeepers, wholesalers, distributors, and traders requiring funds for inventory or expansion can all apply for our micro loan for small businesses.
- Service Providers: Entities like agencies, salons, clinics, and coaching centres can also apply for this loan.
- Small Business Loan for Women: Our financing solution is also suitable for eligible businesswomen owning their very own shops, boutiques, salons or other businesses.
Taking care of a few simple things can drastically improve the approval chances of your loan application. Here’s how to position yourself for success:
- Build a Strong Credit History: Paying EMIs and credit line bills on time helps maintain a healthy credit profile for your small business.
- Prepare a Clear Business Plan: While not always mandatory, a brief plan highlighting how you plan to utilise the funds can strengthen your case.
- Choose the Right Loan Amount and Tenure: After assessing your needs and planning your finances, it is important to choose the right loan amount and tenure for your application.
- Avoid Multiple Loan Applications Simultaneously: Multiple credit inquiries at once can hurt your credit score and affect the chances of loan approval. So always apply strategically.
A loan for small businesses offers a wide range of benefits for businesses in need of funds. Some of them are:
- Competitive Interest Rates: Interest rates for a micro loan for small businesses are competitive by design and start from just 15% p.a.
- High Loan Amount: Borrow up to ₹1 Crore with minimal documentation and fuel your business growth aspirations. Subject to maintaining a good credit score and meeting our eligibility criteria, you can access the capital your business needs to scale.
- Collateral-Free Loans: Poonawalla Fincorp offers small business loans of up to ₹1 Crore without any need for collateral.
- Flexible Repayment Tenure: Repayment tenure for micro loans for small businesses and women is flexible, ranging from 6 to 60 months.
- Quick Approvals and Minimal Documentation: This loan offers a seamless borrowing experience with quick approvals and minimal documentation.
Happy Customers, Happy Us
Business Loan
Securing a business loan marked a pivotal moment for our growth. The funds enabled us to invest in new equipment and significantly expand our operations. The team was transparent, supportive, and guided us every step of the way, making the entire process smooth and reassuring
Business Loan
I never imagined getting a loan could be this easy. With minimal documentation and quick disbursement, the process was incredibly smooth. It came at a crucial time and helped me manage my cash flow effectively.
Business Loan
The business loan gave me the confidence to take on larger projects. With competitive interest rates and flexible repayment terms, the experience was smooth and empowering. Truly a great experience.
Business Loan
Excellent service and timely support! The loan enabled me to renovate my setup and enhance the customer experience. I'm truly grateful for the professionalism and efficiency throughout the process.
Business Loan
The loan helped me stock up inventory just in time for the festive season. Approval was swift, and the team truly understood my business needs. A smooth and supportive experience all around!
Business Loan
I was initially hesitant, but the loan process was so well-managed that I felt confident every step of the way. It enabled me to open a second outlet and expand my brand - an experience that truly exceeded expectations.
Business Loan
The loan allowed me to upgrade my machinery and significantly boost production efficiency. The terms were clear, and the service was handled with utmost professionalism.
Business Loan
I’ve taken loans before, but this was by far the most seamless experience. The team was highly responsive, and the funds played a crucial role in digitising my business operations. Truly a smooth and supportive journey.
Business Loan
The business loan came at just the right time, allowing me to stock up on raw materials and stay ahead of seasonal demand. What impressed me most was the repayment structure; it aligned perfectly with my cash flow, making the entire experience stress-free and sustainable.
Business Loan
Taking the loan was a bold move that transformed my business and boosted revenue. It gave me the financial push I needed to take that leap, and I’m glad I did. The support made a real difference in turning plans into progress.
I run a chain of pharmacy stores with 5 branches in Pune. With the growing popularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficult for me to hire delivery persons. With Poonawalla Fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan application process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operation seamlessly.
Business Loan
The interest rates were fair and competitive, making it easy to manage cash flow for me. The process was smooth with the service and giving a rating of 10.
Business Loan
I was hesitant at first, but the team explained everything clearly and made me feel confident. The loan helped me manage working capital and grow my business steadily.
Business Loan
I was impressed by how quickly my business loan was processed. The team was extremely helpful and guided me through every step. Thanks to their support, I was able to expand my operations without any hasstle.
Business Loan
The loan process was incredibly smooth, and the team was always available to answer my queries. With the funds, I was able to renovate my store and attract more customers. Truly grateful.
Business Loan
Getting a business loan felt daunting at first, but the entire experience was smooth and transparent. The loan helped me purchase new equipment and increase production. Highly recommend their services!
Business Loan
Excellent service and prompt communication. The loan process was seamless, and the funds were disbursed faster than expected. It’s great to work with professionals who understand business needs.
Business Loan
I needed quick funding to stock up for the festive season, and the business loan came just in time. The Credit Manager was proactive and ensured everything was done on priority. Excellent service!
Business Loan
Thanks to the business loan, I was able to open a second outlet. The team was very supportive and explained all terms clearly. I appreciate the personalized attention I received.
Business Loan
I’ve taken loans before, but this was by far the most professional experience. The documentation was minimal, and the disbursement was fast. I’ll definitely recommend them to fellow entrepreneurs.
Business Loan
The loan helped me bridge a critical cash flow gap during the festive season. The team was approachable and ensured everything was handled efficiently. Great experience!
Business Loan
The business loan helped me hire skilled staff and improved my business. The support from the credit team was outstanding. They understood my business and offered the right solution.
Business Loan
I am very happy with the service of the company and will recommend everyone to take loan from Poonawalla Fincorp.
Business Loan
The loan process was quick and transparent. No hidden charges, and the team guided me at every step. Will recommend everyone.
Business Loan
They didn’t just give me a loan—they gave me peace of mind during a tough time, Happy with the service of Poonawalla Fincorp.
Business Loan
No hidden charges, no surprises. The process was clear and smooth from start to finish.
Business Loan
The team guided me at every step and made the entire experience stress-free, will highly recommend to my friends - rating 10!!!
Business Loan
They tailored the loan to fit my business model. Truly customer-focused and satisfying service given by Poonawalla Fincorp, Highly Recommended!!!
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Frequently Asked Questions
Collateral or any security is not always required to avail a Business Loan in India. Many lenders like Poonawalla Fincorp offer business loans for small businesses without any collateral. If you’re looking for a collateral-free Business Loan for your micro enterprise, it is best to compare lenders and apply for collateral-free options.
Eligibility for a Small Business Loan may vary slightly by lender, but you must meet the eligible age range, demonstrate a good credit history, have a minimum business vintage of 2 years, and have a minimum annual business turnover of ₹6 Lakhs or more. Always check with your preferred lender for specific eligibility criteria for a loan for small businesses.
You must have valid KYC documents, business documents and financial documents ready to apply for a Small Business Loan. For personal KYC, lenders accept the Proprietor’s/Partner’s/Director’s PAN Card/Aadhaar Card/Driving License/Voter ID/Passport and officially valid documents, plus proof of address (If not as per the officially valid documents). For business KYC, Business registration proof plus business address proof (if not as per business registration proof) is required. Other documents such as business address proof, GST certificate, and Udyam certificate are also required.
The interest rate for a Small Business Loan may vary depending on the lender’s internal policies as well as the applicant’s profile. Factors such as credit score, business vintage, annual turnover and overall financial profile influence the final rate of interest. This is why it is important to choose a lender that offers competitive interest rates.
The funds from a Small Business Loan can be used flexibly to fund various business operations, including daily expenses, paying recurring bills, stocking up inventory, investing in infrastructure, equipment, machinery or technology development, as well as business expansion and marketing campaigns. Always check with your lender that your micro loan for business does not come with any end-use restrictions.
Yes, you are eligible. If you are a sole proprietor, daily operator, or independent shopkeeper, you can apply as long as your business has been running for at least 2 years and has a minimum annual turnover of ₹6 Lakh.