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

Get a Quick Business Loan for MSMEs

Embrace new business growth opportunities with a Business Loan up to ₹75 Lakh for MSMEs. Enjoy a streamlined application process, fast approval, and quick disbursal. Turn your business ambitions into a reality with collateral-free funds, minimal documentation, and zero hidden charges. Apply now! 

Why Choose Poonawalla Fincorp

High Loan
Amount
Collateral-free
Loan
Quick
Approval
Competitive
Interest Rate
Minimal
Documentation
Flexible Repayment
Tenure

Business Loan EMI Calculator

Plan your monthly repayments using our online EMI calculator. Enter loan tenure, amount, and interest rate for quick results. Calculate 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

Eligibility Criteria for a Business Loan for MSME

Meet our simple eligibility criteria:

  • Age: Between 24 and 65 years old.
  • Citizenship: Indian.
  • Annual Turnover: Minimum annual turnover of ₹6 Lakh.
  • Business Vintage: At least 2 years since.

Documents Required for a Business Loan for MSME

Submit just a few mandatory documents:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about the documentation in detail.

Interest Rate and Charges for a Business Loan for MSME

We offer competitive interest rate and nominal charges:

Interest Rate
15%* p.a. onwards
Loan Amount
₹5 Lakh to ₹75 Lakh
Loan Processing Fees
Up to 3% plus applicable taxes
Lowest EMI Per Month
Starting from ₹13,915* per Lakh for 48 months
Loan Tenure
6-48 months
Prepayment/Foreclosure Charges
Up to First 6 EMIs: 6% on principal outstanding + taxes

After 6 EMIs: 5% on principal outstanding + taxes
Default Charges
24% per annum plus applicable taxes
Repayment Instrument Dishonour Charges
₹500 per bounce
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Different Uses of a Business Loan for MSME

  • Meet working capital needs
  • Purchase machinery and equipment
  • Improve existing business infrastructure
  • Scale up operations
  • Launch a new product
  • Consolidate high-interest debt

Who Can Get a Business Loan for MSME

  • MSME (micro, small and medium enterprise)
  • A retail shop owner
  • Sole proprietorship
  • Women entrepreneurs

Tips for a Successful Business Loan Application

  • Provide proper documentation.
  • Build a good credit score
  • Consider your repayment capacity
  • Provide strong financials

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.

Happy Customers, Happy Us

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

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Frequently Asked Questions

Do I need to offer collateral to secure an MSME Loan?

No, our MSME Loan is unsecured, meaning you do not need to put up any asset as security for the loan. This minimises the borrowing risks.

How important is my credit score for obtaining an MSME Loan?

Your credit score plays a vital role in the loan approval process. A good credit score (generally above 750) can significantly improve your chances of getting approved and can also lead to more favourable loan terms, such as lower interest rates and longer repayment periods.

Can a salaried individual get an MSME Loan?

No, Poonawalla Fincorp does not provide MSME loan to salaried individuals. Only business owners who fulfil our simple eligibility criteria can apply for our MSME or Business Loan.