Get an Unsecured Business Loan Online
The availability of sustained credit financing is essential to ensure the steady growth of your business. Get instant funds to expand your business footprint, meet your working capital needs, purchase machinery, etc., with an unsecured Business Loan from Poonawalla Fincorp. Avail of this collateral-free loan of up to ₹75 Lakh with instant disbursal. Benefit from our attractive interest rate, flexible repayment tenure and quick approval. Apply now!
Why Choose Poonawalla Fincorp
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!
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.
Eligibility Criteria for an unsecured 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 an unsecured 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 an unsecured Business Loan
Secure funding for your venture at attractive interest rate and minimal charges:
After 6 EMIs: 5% on principal outstanding + taxes
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 an unsecured Business Loan
● Growing your business operations
● Upgrading existing facilities
● Purchasing machinery and equipment
● Fulfilling your working capital requirements
● Consolidating high-interest debts
● Hiring additional workforce
Who Can Get an unsecured Business Loan
● MSMEs
● Sole proprietors
● Owner of retail shops
● Women entrepreneurs
● Small business owners
Tips for a Successful Business Loan Application
● Finalise your business requirements
● Check your credit score
● Keep the loan documents handy
● Avoid multiple loan applications
Happy Customers, Happy Us
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
The maximum loan amount for our Unsecured Business Loan is up to ₹75 Lakh. You can use the loan amount to fund your business expansion, meet your working capital needs, upgrade existing machinery, etc.
A Business Loan EMI calculator is an online tool that enables you to know your monthly payments over the tenure of your unsecured Business Loan. Simply enter the loan amount, tenure and interest rate in the EMI calculator to know your EMI without the hassle of calculating it manually.
The loan tenure for our Unsecured Business Loan ranges between 6 and 48 months. You should select a loan tenure based on your repayment capacity.