Overview
An instant Business Loan from Poonawalla Fincorp enables you to achieve your business goals with minimal documents and flexible EMIs. Get a collateral-free loan up to ₹50 Lakh with quick disbursal to expand your business, hand out employees’ salaries, upgrade machinery, and more. Enjoy the 3-step application process, quick approval, and fast disbursal – all with no hidden charges! Don’t wait. Apply now!
Instant Business Loan EMI Calculator
Plan your monthly EMI outgo with the Business Loan EMI calculator. This online tool offers precise results, minimizing errors compared to manual calculations using complex formulas. Enter the loan amount, tenure, and interest rate and the EMI amount will be instantly displayed.
-
EMI Amount = *
Interest Rates and Other Charges
Poonawalla Fincorp offers an Instant Business Loan with attractive interest rates and no other hidden charges:
| Types of Fee | Application Charges |
| Business Loan Interest Rates | 15% p.a. onwards |
| Loan Amount | ₹1 Lakh to ₹50 Lakh |
| Loan Processing Fees | Up to 3% plus applicable taxes |
| Lowest EMI per month | Starting from ₹2,783* per Lakh for 48 months |
| Loan Tenure | 6 - 48 months |
| Prepayment/Foreclosure Charges | 0%* If paid from own sources & 4% If paid from other sources |
| Default Interest | 2% per month |
| Repayment Instrument Dishonor Charges | ₹500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
Instant Business Loan Eligibility Criteria
Here are the eligibility criteria for Business Loan:
Age
Business Vintage
Financial Performance
- Age: Applicant must be between 24 to 65 years.
- Business Vintage: The business must have been operational for at least 2 years.
- Financial Performance: The business must have a minimum annual turnover of ₹6 Lakh.
Note: The above-mentioned Business Loan eligibility list is indicative. Additional eligibility criteria may be required during loan processing by Poonawalla Fincorp.
Documents Required for Instant Business Loan
Upload just a few documents to complete your application process:
| Document Category | Business Loan in Documents |
| KYC Documents |
|
| Financial Documents | Bank account statement for last 6 months |
| Business Address Proof | Utility bills/ Rent agreement |
Features and Benefits of an Instant Business Loan
-
Higher Loan Amount
-
Collateral-Free
-
Competitive Interest rates
-
Minimal Documentation
-
Flexible Loan Tenure
-
Online Application Process
- Higher Loan Amount: Get up to ₹50 Lakh.
- Collateral-Free: Avail the loan without pledging any collateral.
- Competitive Interest rates: Get interest starting at 15% p.a.
- Minimal Documentation: Provide business address proof, KYC and financial documents.
- Flexible Loan Tenure: Choose repayment tenure of up to 48 months.
- Online Application Process: Apply online from our official website.
How to Apply for an Instant Business Loan
Apply for an Instant Business Loan within 5 minutes by following these quick steps:
- Step 1: Click on the ‘Apply Now’.
- Step 2: Fill out the application form.
- Step 3: Upload all necessary documents.
Once your loan request is assessed and verified, the loan amount will be disbursed into your account in no time.
Apply for Instant Business Loan within 5 Minutes
Apply
Online
Apply Online
Click on Apply Now and enter your contact details.
Business
Details
Business Details
Enter your annual business turnover and other business details.
Verification
Verification
The application will then proceed for verification and assessment
Frequently Asked Questions
Under usual circumstances, applying for a Business Loan will not directly affect your overall business credit. However, in certain situations for small businesses, the lending institution may consider the business credit of the particular business owners to determine their eligibility.
No, a salaried person may not apply for a Business Loan. Only business owners are eligible to opt for a Business Loan to meet business-related requirements.
You can opt for a loan amount of up to ₹50 Lakh with Poonawalla Fincorp.
*Terms & Conditions Apply
