Instant Business Loan in India
Get a hassle-free Instant Business Loan from Poonawalla Fincorp to empower your business. Our tailor-made Instant Business Loan provides funds to meet your financial requirements, such as working capital, expansion funds, machinery or inventory purchase, and loan consolidation. With our Instant Business Loan, you can enjoy complete assistance and an optimized loan disbursement process.
Apply now to take your business to new heights!
Instant Business Loan EMI Calculator
-
EMI Amount = *
Interest Rate and Charges for Business Loan
Poonawalla Fincorp’s Instant Business Loan starts at 15% p.a. with no hidden charges. Please refer to the table below for more details.
| Rate of Interest | 15% to 28% p.a.* |
| Processing Fees | Up to 3% plus applicable taxes |
| Repayment Instrument Dishonour Charges | ₹1,000 per bounce plus applicable taxes |
| Default Interest | 3% per month |
| Loan Amount | ₹1 Lakh to ₹50 Lakh |
| Lowest EMI per Month | Starting from ₹2,783* per Lakh for 48 months |
| Loan Tenure | 6 to 48 months |
| Prepayment/Foreclosure Charges | 0%* If paid from own sources & 4% If paid from other sources |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
Instant Business Loan Eligibility Criteria
To avail Instant Business Loan, you must meet our easy-to-meet eligibility criteria. Once you meet all the eligibility criteria, you can enjoy benefits such as quick approval and disbursal.
Our eligibility criteria include:
Age
Annual Turnover
Business Vintage
- Age: Between 24 and 65 years.
- Annual Turnover: Your enterprise must have a minimum annual turnover of ₹6 Lakh.
- Business Vintage: Your business must have been in operation for at least two years since its registration date.
Documents Required for Instant Business Loan
We have minimal documentation requirements for an Instant Business Loan to reduce heavy paperwork. Our document requirements include:
-
KYC Documents
-
Business Address Proof
-
Financial Documents
- KYC Documents: Government-issued ID such as PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
- Business Address Proof: Rent agreement, utility bills, or passport.
- Financial Documents: Bank statement of the past six months.
Features and Benefits for Instant Business Loan
Poonawalla Fincorp’s Instant Business Loan offers a personalized solution for your funding requirements. You can avail the following benefits:
-
Business Loan without any security or collateral
-
Minimal documentation
-
Instant approval and disbursal
-
Competitive Business Loan interest rate
-
Sizeble sanction up to ₹50 Lakh
-
Hassle-free, online application provision
-
Flexible tenure of up to 48 months
-
Fulfil urgent Business Loan requirements
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
You can avail our Instant Business Loan by applying online. You can visit our official website and follow the instructions to apply online.
While applying for an Instant Business Loan, you must pay a one-time nominal processing fee of up to 3% plus applicable taxes.
No, you cannot get a business loan without income proof. To avail of an Instant Business Loan, you need to provide the following documents:
- KYC Documents: Government-issued ID such as PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
- Business Address Proof: Rent agreement, utility bills, or passport.
- Financial Documents: Bank statement of the past six months.
*Terms & Conditions Apply
