Interest Rate
Starting at 15%* p.a.
Loan Tenure
1-60 Months
Hidden Charges
0%

₹1 Lakh Business Loan EMI Calculator

Plan your finances effortlessly with our online EMI calculator. Just enter the loan amount, tenure and interest rate. Try now!

Optimise Your Business Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹ 100000
Interest Payable
₹5,493

Loan Amount

Interest Rate

%
15 %
30 %

Tenure

Months
6 Months
60 Months

Why Choose Poonawalla Fincorp

Collateral-free Loan Collateral-free Loan
Attractive Interest Rate Attractive
Interest Rate
Minimal Documentation Minimal
Documentation
Swift Disbursal Quick
Approval
Flexible Repayment Tenure Flexible Repayment Tenure
Zero Hidden
Charges

Apply for Business Loan of ₹1 Lakh

Click on "Apply Now”

Tap the “Apply Now” button to initiate your application.

Enter Details

Enter your DOB, PAN card number, monthly income, business details and residential details.

Upload Documents

Upload the necessary documents for quicker approval.

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Submit the necessary documents:

  • KYC documents: PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
  • Current Address Proof: Passport, utility bills, rent agreement, etc

Click to know more about the documentation in detail.

Knowing how your EMIs are determined can help you make informed borrowing decisions. A Business Loan instalment is calculated using a standard formula that takes into account the loan amount, applicable interest rate, and chosen repayment tenure.

EMI = P*R*(1+R)n/(1+R)n-1

Where:
●    EMI = Monthly instalment
●    P = Principal loan amount
●    R = Monthly interest rate (annual rate divided by 12 and then by 100)
●    n = Loan tenure in months

For example:
Loan Amount (P) = ₹1,00,000
Annual Interest Rate = 15%
Tenure = 36 months

Then:
Monthly Interest Rate (R) = 15 / 12 / 100 = 0.0125
Tenure in months (n) = 36

Plug these into the formula to get the EMI.

EMI = 1,00,000∗0.0125∗(1+0.0125)36/(1+0.0125)36−1
(1 + 0.0125)³⁶ ≈ 1.563
EMI = 1,00,000∗0.0125∗1.563/1.563−1
EMI = 1,953.75/0.563
EMI ≈ ₹3,470 per month

So, to calculate total repayment:
Monthly EMI = ₹3,470
Loan Tenure = 36 months
Total Repayment Amount: ₹3,470 * 36 months = ₹1,24,920
Total Interest Payable: ₹1,24,920 − ₹1,00,000 = ₹24,920

(Note: This excludes processing fees, taxes, and any other applicable charges.)

A ₹1 Lakh Business Loan can help you meet a variety of short-term and growth-related business requirements. Depending on your needs, you can use the funds for:

  • Managing working capital: Maintain smooth day-to-day operations by covering expenses such as salaries, rent, utility bills, and supplier payments.
  • Purchasing inventory: Stock up on raw materials, products, or seasonal inventory to meet customer demand and avoid supply shortages.
  • Upgrading equipment: Invest in new tools, machinery, or business equipment to improve productivity and operational efficiency.
  • Supporting Business Growth: Use the funds to expand your product range, strengthen marketing efforts, or scale business operations.
  • Consolidating Business Debt: Combine multiple business debts into a single repayment obligation for easier financial management.

A ₹1 Lakh Business Loan can support a wide range of businesses looking for funds to manage operations, strengthen cash flow, or pursue growth opportunities. Eligible applicants  can include:

  • Sole proprietors: Individual business owners can use a ₹1 Lakh Business Loan to meet working capital needs, purchase inventory, or invest in business upgrades. 
  • Partnership firms: Businesses operating as a registered partnership can apply for funding to cover day-to-day expenses or support business expansion plans.
  • Micro, small, and medium enterprises (MSMEs): MSMEs across manufacturing, trading, and service sectors can use a ₹1 Lakh Business Loan to address various business needs. For businesses seeking more funding, explore Poonawalla Fincorp’s MSME Loan.
  • Retailers and traders: Shop owners, wholesalers, distributors, and traders can use the loan to manage stock purchases, supplier payments, or seasonal business demands.
  • Service providers: Businesses such as agencies, salons, clinics, consultancies, and coaching centres can access funds to support operational and growth-related expenses.
  • Self-employed professionals: Freelancers and independent professionals can use the loan to invest in equipment, technology, or other business-related costs. You can also check out Poonawalla Fincorp’s Professional Loan to take your professional services to the next level. 

Applying for a ₹1 Lakh Business Loan with Poonawalla Fincorp is simple and convenient. Follow the steps below to complete your application and access funds for your business needs.

  • Confirm eligibility requirements: Check the eligibility criteria and keep the necessary documents, such as KYC records, business proof and financial documents, ready.
  • Fill the application form: Enter your personal and business information while filling out the application form on our website or mobile app.
  • Provide supporting documents: Upload clear digital copies of the required documents to facilitate verification and assessment.
  • Assessment and approval: Our team will evaluate the submitted information, verify the documents, and process the application based on your eligibility.
  • Receive the funds in your account: Once the loan is approved, the amount is disbursed directly to your bank account.
     

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

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Frequently Asked Questions

Sole proprietors, partnership firms, MSMEs, retailers, traders, service providers, and self-employed professionals can apply for a ₹1 Lakh Business Loan. Approval is subject to meeting basic eligibility criteria such as age, business vintage, and income stability.

No, Poonawalla Fincorp offers a collateral-free Business Loan subject to eligibility and credit assessment.

You can use our online EMI calculator by entering the loan amount, interest rate, and tenure. It helps you estimate monthly instalments and plan repayments effectively.

You can avail a maximum Business Loan amount of up to ₹1 Crore, with Poonawalla Fincorp, based on your eligibility, business profile, and repayment capacity.

Approval for a ₹1 Lakh Business Loan is quick with Poonawalla Fincorp. Once you submit the documents and the verification is complete, you generally receive approval immediately.

Yes, you can prepay or foreclose the loan, subject to applicable foreclosure charges as per the loan terms and conditions. 

No, Poonawalla Fincorp maintains complete transparency and discloses all costs upfront to ensure there are no hidden charges.

contact us

Corporate Office: Unit No.
2401 , 24th Floor, Altimus,
Dr G.M. Bhosale Marg, Worli,
Mumbai, Maharashtra-400018

Registered Office: 201 and 202,
2nd Floor, AP81, Koregaon Park
Annexe, Mundhwa,
Pune, Maharashtra - 411036

Locate us

Toll Free No: 1800-266-3201
Timing: 9:00 AM to 7:00 PM
Monday - Saturday
(Closed on Sundays & Public holidays)

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