working capital loan in india

Unsecured Business Loan

Starting at 15% per annum*

Loan up to ₹50 Lakh | Minimal Documentation | Collateral Free Quick Approval | Flexible Repayment

When you start a new business venture, you need capital investment to meet various expenses. But, if you don’t have the required funds, you can apply for an Unsecured Business Loan with Poonawalla Fincorp. We provide collateral-free Business Loans for MSMEs (micro, small, and medium-sized enterprises), sole proprietors, and other small businesses.

Getting an Unsecured Business Loan is a great way to get the desired funds for business purposes, including buying machinery, paying employees’ salaries, business expansion, etc.

Learn more about Business Loan eligibility, interest rates, and charges, and how to apply.


At Poonawalla Fincorp, we offer Unsecured Business Loans at competitive interest rates starting at 15% per annum. Our interest rates are minimal to reduce the financial burden and borrowing cost for MSME owners, allowing them to focus on achieving business goals.

As a Business Loan applicant, apart from the interest rate, you must incur a few other charges mentioned below.

Rate of interest 15% to 28% p.a.*
Processing fees Up to 3% plus applicable taxes
Repayment Instrument Dishonor Charges ₹500 per bounce plus applicable taxes
Default Interest 2% per month
Loan Amount ₹1 Lakh to ₹50 Lakhs
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
Stamp Duty At actuals (as per state)
No Other Hidden Charges

As small business owners, you may face a situation where you need immediate funds. At Poonawalla Fincorp, we understand such requirements and have minimal eligibility criteria for Unsecured Business Loan to let you get the funds at the earliest.

Our eligibility requirements are as follows –

Age Requirement


Work Experience Required

Business Vintage

Monthly Salary Required

Annual turnover

  • Age – You must be at least 24 years old at the time of applying for the loan and not more than 65 years old at the time of loan maturity.
  • Business vintage – Your business must be in operation for at least two years.
  • Annual turnover – Your business must have an annual turnover of at least ₹6 Lakh.

You must submit a few essential documents to avail of an Unsecured Business Loan from Poonawalla Fincorp. Since our application process is fully digital, you can submit the documents online, making the process hassle-free.

Below is the list of documents required for a Business Loan.

  • KYC Documents

    KYC Documents

  • Income Proof

    Business Address Proof

  • Financial Documents

    Financial documents

KYC Documents

  • Company PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport, Director/ Proprietor/ Partner PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
  • Proprietor/ Partner/ Director PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport, Electricity bill, Rent agreement
  • Personal documents- All individuals/ Partners/ Director- PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport, officially valid documents, and proof of address
  • Business documents- Business registration proof + Business address proof (if not the same as business registration proof)

Business Address Proof

  • Utility bills/ Rent agreement

Financial Documents

  • Bank account statement for last 6 months

Since Business Loans help you get the working capital to start a new and expand your existing business, it is also called 'Working Capital Loan.' Getting an Unsecured Business Loan allows you to enjoy a host of benefits, which are listed below.

Age Requirement

Simple Documentation

Citizenship Status

Competitive Interest Rate

Work Experience Required

Swift and Smooth Disbursal

Monthly Salary Required

Convenience of Online Process

  • Simple Documentation : We need you to submit a few basic documents only. Here is a complete list of documents required for Unsecured Business Loan.
  • Competitive Interest Rate : We offer an Unsecured Business Loan at a competitive interest rate starting from 15% per annum.
  • Swift and Smooth Disbursal : We have a simple documentation process, which allows you to get the disbursal without any hassles.
  • Convenience of Online Process : We have a fully digitalised online application process, allowing you to apply for a loan from the comfort of your home/office with a click of a few buttons.

Applying for an Unsecured Business Loan with Poonawalla Fincorp is easy. You can do it online by following the below steps.

Step 1: Click on ‘Apply Now’ under the Business Loan section
Step 2: Fill out the application form with necessary details
Step 3: Await verification and confirmation
Step 4: Get funds credited to your bank account

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Apply Online

Click on Apply Now and enter your contact details.

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Document Required Logo

Business Details

Enter your annual business turnover and other business details.

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The application will then proceed for verification and assessment

How much Business Loan can I avail from NBFC?

The maximum Business Loan you can avail from an NBFC depends on your eligibility. With Poonawalla Fincorp, you can avail of a Business Loan up to ₹50 Lakh.

What is the minimum & maximum interest rate on NBFC Unsecured Business Loans?

The minimum and maximum interest rate on an Unsecured Business Loan varies from lender to lender. You can get an Unsecured Business Loan at the most competitive interest rate, starting at 15% per annum, from Poonawalla Fincorp, one of the leading NBFCs in India.

What is the loan tenure or duration for an Unsecured Business Loan?

The tenue for Unsecured Business Loan varies from one lender to another. At Poonawalla Fincorp, we allow you to choose a tenure ranging from 6 to 48 months as per your repayment capacity.

How to Calculate Unsecured Business Loan EMI?

You can use the online Business Loan EMI calculator to know the exact EMI you must pay for the amount you borrow. Using this calculator is easy; enter your loan amount, loan tenure, and interest rate, and the calculator will compute the EMI instantly.

What is the mode of repayment for an Unsecured Business Loan?

At Poonawalla Fincorp, we give you the flexibility to choose the repayment mode to suit your needs. You can repay through any of the following ways -

  • Electronic Clearing Services (ECS)
  • Post-Dated Cheques (PDCs)
  • Direct Debit.
How long does it take to get an Unsecured Business Loan?

You can get an unsecured Business Loan from Poonawalla Fincorp almost instantly, provided you meet the eligibility criteria and submit all the necessary documents.

What is an example of an unsecured loan?

An example of an unsecured loan is a Personal Loan. In this type of loan, you need not provide collateral to get the desired funds. Instead, the loan approval is primarily based on your credit score, income, and repayment capacity.

What is an unsecured Business Loan?

As the name suggests, an Unsecured Business Loan is a type of loan that does not require you to provide any security or collateral to the lender against the amount you borrow. You can apply for an Unsecured Business Loan from Poonawalla Fincorp and get the funds you need to meet different business expenses like buying machinery, increasing working capital, etc.

Unsecured Business Loan from Poonawalla Fincorp comes with a range of benefits, including – competitive interest rates, simple and hassle-free online application process, quick disbursal and high loan amount up to ₹50 Lakh.

*T&C Apply

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