Business Loan in Chennai

The ‘Gateway to South India’, Chennai is a major industrial hub and cultural center. It is also nicknamed as the ‘Detroit of India’ owing to the presence of one-third of India’s automobile industry.

Modern business infrastructure and a vast talent pool of human capital make Chennai a favorable destination for nurturing and growing businesses. Every business owner requires certain capital to operate and expand their business, and obtaining such funds is not always simple for business owners or managers. Thus, a Business Loan with low-interest rates is the way to get the necessary funding that will help you manage your firm.

Getting a loan for a company has become much easier these days, thanks to the government's interest in supporting the MSME sector. If you are a business owner or manager looking for a loan with a low-interest rate for your firm/ company, a Business Loan in Chennai offered by Poonawalla Fincorp is an ideal alternative.

Therefore, if you are looking for an Unsecured Business Loan in Chennai, Poonawalla Fincorp is here to help. You can avail of our customized Business Loans options, including MSME Loans and SME Loans in Chennai at competitive and low interest rates, flexible tenure, and hassle-free loan disbursal for all your business needs.

Interest rate varies from lender to lender. Interest rate is influenced by the various factors such loan tenure, credit score, revenue of the business, etc. Poonawalla Fincorp offers attractive interest rate for business who want to thrive in their business. Your EMIs is heavily influenced by the interest rate offered by the lender. Hence, it is important to choose the best suitable interest rate for MSME/SME loans in Chennai. Interest rate for Business Loan starts at 15% p.a. onwards.

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

Qualifying for a new Business Loan with Poonawalla Fincorp is simple. Our loan requirements are designed to save time for borrower when applying for loan. To ensure you have a smooth experience during loan processing, we offer Business Loans in Chennai with simple eligibility requirements.

Below are our eligibility criteria for Business Loans in Chennai:

Age

22 to 65 years
(during loan maturity)

Nationality

Indian

Business Vintage*

At least two years

Annual turnover

More than ₹6 Lakh

*Business vintage determines how long your business has been operating and when it was registered. It is a significant eligibility determinant for procuring an unsecure Business Loans.

*Note: The above-mentioned eligibility criteria are indicative in nature and more information can be asked by Poonawalla Fincorp team during loan processing as per policy.

We require applicants to submit only basic documents. You don’t have to worry about time-consuming paperwork and running into funding delays because of it. With Poonawalla Fincorp, you can access quick financing for your business with minimum documentation.

Below is the list of required documents for availing Business Loan in Chennai:

Note: This list of documents is indicative. We may need some additional documents during loan processing.