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

Apply for Online ​​​​Business Loan in Bangalore

Bangalore, also known as India's Silicon Valley, boasts a vibrant cosmopolitan vibe. Its thriving start-up scene provides endless business opportunities. In such a dynamic city, getting access to hassle-free Business Loan is essential for entrepreneurs to take their business to the next level.

Poonawalla Fincorp empowers entrepreneurs with a quick Business Loan in Bangalore for maximum growth and profitability. Unlock the full potential of your business. 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

Calculate your monthly instalments with our online EMI calculator. Just enter your Business Loan's interest rate, amount and tenure. 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

Eligibility Criteria for a Business Loan in Bangalore

Meet our simple eligibility criteria to apply:

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

Documents Required for Business Loan in Bangalore

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 of a Business Loan in Banglaore

Get Business Loan at competitive interest rate and transparent charges:

Interest Rate
15%* p.a. onwards
Loan Amount
₹5 Lakh to ₹75 Lakh
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% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500 per bounce plus applicable taxes
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 in Bangalore

  • Business expansion
  • Improvement of existing business set-up
  • Consolidating high-interest business debts
  • Boosting working capital reserves
  • Expand your workforce

Who Can Get a Business Loan

  • Retailers 
  • Manufacturers 
  • Women entrepreneurs 
  • MSMEs 
  • Partnership firms 
  • LLC 

Tips for a Successful Business Loan Application

  • Understand your business needs
  • Check credit history
  • Have a detailed business plan
  • Organise your financial statements

Poonawalla Fincorp Branch Address in Bangalore

Poonawalla Fincorp Limited

Address 1:  2nd Floor, HM Tower, J. C. Road, Minerva Circle, Bengaluru, Karnataka - 560002

Address 2: Ground Floor, Phoenix Citadel ,Castle Street, Richmond Town,Bangalore, Karnataka-560025

Contact Number: 1800-266-3201 (Toll Free)

Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays)

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

What is a Business Loan?

A Business Loan is a source of business financing that offers funds to fulfil all your business needs, such as working capital requirements, funds for scaling up operations, inventory management, launching new products, spending on marketing, etc.

When should I take out a Business Loan?

Any time is good to take out a Business Loan. However, you must have a minimum business of 2 years. 

What are the benefits of taking a Business Loan?

A Business Loan allows you to expand your business operations, fulfil working capital requirements, buy new machinery and equipment, etc. Taking this loan from Poonawalla Fincorp has various benefits like attractive interest rate, flexible repayment tenure, minimal document requirements, and a hassle-free application process.

What is a flexible Business Loan tenure?

Flexible loan tenure is one of the features of a Business Loan from Poonawalla Fincorp. It provides you with the benefits of choosing from a loan repayment tenure that ranges between 6 and 48 months as per your financial comfort.

How much capital can I access with the Poonawalla Fincorp Business Loan?

You can secure a high loan amount of up to ₹75 Lakh with our Business Loan. The amount you want depends on you and your company’s finance and credit profile.

How to apply for a Business Loan?

Apply for a Business Loan from Poonawalla Fincorp in just 3 steps:

Step 1: Click on ‘Apply Now’.

Step 2: Upload the required documents.

Step 3: Get funds in your bank account.

Upon successful verification, the loan amount will be credited to your bank account.