Loan Amount
Up to ₹75 Lakh
Loan Tenure
6-48 Months
Interest Rate
Starting at 15%* p.a.

Eligibility and Documents for a Business Loan

Accessing business finance with us is easy and hassle-free. Meet our eligibility criteria and submit minimal documents to successfully apply for a Business Loan.

Eligibility Criteria for a Business Loan

Meet our simple eligibility criteria for a Business Loan:

Factor
Business Loan Requirements
Age:
Between 24 and 65 years.
Business Vintage:
Minimum 2 years.
Annual Turnover:
At least ₹6 Lakh.

Note: The above-mentioned eligibility criteria are indicative. Additional eligibility criteria may be required during loan processing by Poonawalla Fincorp.

Documents Required for a Business Loan

We offer a Business Loan with minimal document requirements:

  • KYC Documents
    • Personal Documents – Proprietor’s/Partner’s/Director’s - PAN Card/Aadhaar Card/Driving License/Voter ID/Passport and officially valid documents + proof of address (If not as per officially valid documents)
    • Business Documents - Business registration proof + Business address proof (if not as per business registration proof)
  • Business Address Proof GST certificate, Udhyam Certificate and other business registered documents
  • Financial Documents Bank statement for the last 6 months.

Business Loan EMI Calculator

Slide the bars and glide through your loan repayment journey by using our EMI calculator. Try it now!

Optimise Your Business Loan Experience
With Monthly Budget Planning

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

Loan Amount

Rupees one lakh

Interest Rate

%
15 %
30 %

Tenure

Months
6Months
48Months

Apply for a Business Loan 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.

Get exclusive offers thoughtfully customised just for you

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

What is the criteria to apply for a Business Loan?

To qualify for a Business Loan, you must fulfil the following eligibility criteria:

Age: Your age must be between 24 – 65 Years.

Business Vintage: You must have a minimum business vintage of 2 years.

Annual Turnover: You must have a minimum annual turnover of ₹6 Lakh.

Do I need a good credit score to get a Business Loan?

Yes, to qualify for a Business Loan you must maintain a good credit score. Usually, the Bureau score required for a loan application is at least 700. But, to get the best terms on your loan, it is recommended to apply with a Bureau score of 700 or higher.

Does Poonawalla Fincorp provide funds with minimum documentation?

Yes, Poonawalla Fincorp offers funds for your business with minimal and easy-to-meet documentation requirements. The essential documents may include KYC, business address proof, and financial documents.

Happy Customers, Happy Us