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

Get a Quick Business Loan for Retail Shops

Take your retail business to the next level with a Business Loan of up to ₹75 lakh from Poonawalla Fincorp. Get quick access to funds for working capital needs, business expansion, machinery and equipment purchase, debt consolidation, etc. Minimise the borrowing risk with our collateral-free Business Loan. Enjoy hassle-free application, minimal documentation, and fast approval. Apply now!

Why Choose Poonawalla Fincorp

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

Business Loan EMI Calculator

Simplify your EMI calculations with our user-friendly Business Loan EMI calculator. Enter the loan tenure, amount and interest rate to determine your monthly instalment amount. 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 Retail Shops

Meet the 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.

Documents Required for a Business Loan for Retail Shops

Submit the essential 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 Retail Shops

We offer Business Loan at affordable interest rate and with 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 Retail Shops

  • Upgrade existing business infrastructure
  • Procure and stock inventory
  • Revamp and renovate stores
  • Buy machinery and equipment
  • Pay for marketing and advertisements
  • Hire new staff and pay rent
  • Get funds for emergencies
  • Consolidate high-interest debt

Who Can Get a Business Loan for Retail Shops

  • Retail shop owners
  • Department stores
  • Speciality stores
  • E-commerce retailers
  • Dealerships
  • Franchisees

Tips for a Successful Business Loan Application

  • Determine your business expansion needs
  • Fulfil eligibility criteria
  • Submit necessary documents
  • Build a good credit score
  • 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

How much loan amount can I avail for my retail shop?

At Poonawalla Fincorp, you can avail of up to ₹75 Lakh Business Loan for retail shop. 

How can I apply for a retail shop loan?

You can apply for a retail shop loan from Poonawalla Fincorp in 3 simple steps:

1. Click on “Apply Now”

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

2. Enter Details

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

3. Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account.

What is the tenure for repayment of a loan for a shopkeeper?

Our Business Loan comes with a flexible repayment tenure, ranging from 6 months to 48 months. Your repayment tenure will depend on the loan amount and your repayment capacity.