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

Get a Business Loan in Chennai Effortlessly

Chennai, the cultural capital of Tamil Nadu, is a thriving metropolitan city with a rich heritage and a booming industrial sector. A vast business infrastructure makes it a favourable city for growing a business. Poonawalla Fincorp offers Business Loan to entrepreneurs for business expansion, inventory, software, or equipment purchase, hiring, etc. with a loan amount of up to ₹75 Lakh at attractive interest rate, minimal documentation, quick approval, and flexible repayment tenure. 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

Plan your monthly repayment hassle-free with our online EMI calculator. Enter loan tenure, amount and interest rate. Try 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 Chennai

Meet our simple eligibility criteria:

  • 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 Chennai

Submit the essential documents while applying:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about the documentation in detail.

Interest Rate and Charges for Business Loan in Chennai

We offer Business Loan with affordable 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% 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 Chennai

  • Expanding business premises
  • Launching new products or services
  • Replenishing inventory
  • Purchasing equipment and tools
  • Paying off debts
  • Funding a marketing campaign
  • Raising business capital

Who Can Get a Business Loan in Chennai

  • Women entrepreneurs 
  • Sole proprietors 
  • Small business owners 
  • Retail shop owners 
  • Partnership firms 
  • Trusts 

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 Chennai

Poonawalla Fincorp Limited

Address: 2nd Floor, The Oval Tower, Venkatanarayana Road, T.Nagar, Chennai Tamil Nadu-600017

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 are the benefits of getting a Business Loan in Chennai?

Here are the benefits of getting a Business Loan in Chennai:

  • Competitive interest rate
  • Collateral-free loan
  • Hassle-free online application process
  • Minimal documentation
  • Flexible loan tenure
  • No hidden charges

 

How can I get a Business Loan in Chennai?

Get a Business Loan in Chennai in three easy steps:

Step 1: Click on “Apply Now”.

Step 2: Fill out the application form.

Step 3: Upload the required documents.

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

 

What is the use of an EMI calculator for a Business Loan application?

With our EMI calculator, you can efficiently plan your monthly repayments. To do so, you just have to enter the loan amount, interest rate, and tenure. Hit the ‘Calculate’ button to check the payable EMIs.