Apply for a Business Loan in Coimbatore within minutes
Coimbatore, located in the southern state of Tamil Nadu, India, is also known as the "Manchester of South India" due to its booming textile industry. The city is situated on the banks of the Noyyal River and is surrounded by the Western Ghats Mountain range, providing a picturesque landscape. Coimbatore is also home to numerous educational institutions, including prestigious engineering and medical colleges. The city has a rich cultural heritage, with temples and historical landmarks dating back to ancient times.
In recent years, Coimbatore has emerged as a major hub for information technology and manufacturing industries, attracting businesses and entrepreneurs from across the world. With its vibrant economy, diverse culture, and natural beauty, Coimbatore has become a popular destination for tourists and travellers.
If you are a business owner in Coimbatore, Poonawalla Fincorp offers collateral-free Business Loans at attractive interest rates.
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Interest Rates and Charges for Business Loans in Coimbatore
Our Business Loan interest rates start from 15% p.a.* The table below shows all the charges related to our Business Loan in Coimbatore.
| Interest Rate | 15% to 28% p.a.* |
| Processing Fees | Up to 3% plus applicable taxes |
| Bounce Charges | ₹1,000 per bounce plus applicable taxes |
| Default Interest | 3% per month |
| Loan Amount | ₹1 Lakh to ₹50 Lakh |
| Loan Tenure | 6-48 months |
| Lowest Emi Per Month | Starting from ₹2,783* per Lakh for 48 months |
| Prepayment/Foreclosure Charges | 0%* If paid from own sources & 4% If paid from other sources |
| Repayment Instrument Dishonor Charges | ₹1000 per bounce plus applicable charges |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
Features and Benefits of Business Loans in Coimbatore
Poonawalla Fincorp’s Business Loan in Coimbatore comes with attractive features and benefits. Some of these include:
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High Loan Amount
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Flexible Loan Tenure
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Competitive Interest Rate
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Collateral-Free Loans
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Simple Eligibility Criteria
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Minimal Documentation
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Quick Disbursal
High Loan Amount
We offer Business Loans of up to ₹50 Lakh. The loan amount offered by Poonawalla Fincorp may vary depending on your eligibility and funding requirements.
Flexible Loan Tenure
The tenure for Poonawalla Fincorp's Business Loan ranges from 6 months to 48 months.
Competitive Interest Rate
The interest rate for Business Loans in Coimbatore starts at 15% p.a.* However, the interest rates may vary depending on your loan amount, tenure, and creditworthiness.
Collateral-Free Loans
You can avail of our Business Loan in Coimbatore without pledging any collateral.
Simple Eligibility Criteria
The eligibility criteria for Poonawalla Fincorp's Business Loan are easy to fulfil. Our eligibility criteria include age, annual turnover, and business vintage.
Minimal Documentation
The documentation required for our Business Loan in Coimbatore includes KYC documents, business address proof, and other financial documents.
Quick Disbursal
Once you fulfil the eligibility criteria and fill out the online application, you can submit it with just the click of a button and get funds disbursed into your account shortly.
Business Loans in Coimbatore can be obtained by a variety of entities, including:
- Sole Proprietorships
- Partnerships
- Private Limited Companies
- Public Limited Companies
- Limited Liability Partnerships (LLPs)
- Micro, Small, and Medium Enterprises (MSMEs)
Types of Business Loans in Coimbatore
Unsecured Business Loans
These loans help businesses expand their operations, introduce new products or services, and acquire new customers. The loan amount can be used for equipment purchase, infrastructure development, and other business needs.
Working Capital Loans
These are short-term loans that help businesses meet their day-to-day operating expenses such as salaries, rent, inventory, and other overheads.
Business Loans for Sole Proprietorship
Poonawalla Fincorp offers Business Loans to sole proprietors to help them meet their financial requirements and grow their businesses.
Small Business Loans
We offer Small Business Loans that can be used for a variety of purposes such as purchasing equipment, hiring employees, purchasing inventory, or expanding operations.
Business Loan for MSMEs
Business Loans for Micro, Small, and Medium Enterprises (MSMEs) are a type of financing that is specifically designed to meet the financial needs of small and medium-sized businesses. MSMEs play a vital role in the economic growth of many countries, and access to financing is crucial to their success.
Poonawalla Fincorp offers customized loan solutions based on the borrower's specific business needs, helping them meet their financial requirements and achieve their business goals. The interest rates for our Business Loans in Coimbatore are competitive, making it affordable for small businesses to access the funds they need to grow. The application process for our Business Loans is simple and hassle-free, with minimal documentation requirements. It is important to note that the availability and terms of these loans may vary depending on the borrower's creditworthiness, business history, and other factors.
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Branch Address:
Poonawalla Fincorp Limited
Address : Classic Towers, 6th floor Trichy Road, Highways Colony, Coimbatore, Tamil Nadu 641018
Contact Number: 1800-266-3201 (Toll-free)
Timing: 10 am – 6:30 pm (Weekly off on first and second Saturdays and all Sundays.)
