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

Get a Hassle-free Business Loan in Coimbatore

Coimbatore, the 'Manchester of South India', boasts a thriving textile industry and educational institutions. With its rich heritage and emerging IT and manufacturing sectors, it attracts businesses worldwide. To support the city's dynamic enterprises, we offer a Business Loan to provide financial assistance for expansion, equipment upgrades, operational enhancement, etc. Poonawalla Fincorp offers a collateral-free Business Loan with attractive interest rates, minimal documentation needs and flexible tenure. Apply now!

Why Choose Poonawalla Fincorp

High Loan
Amount
No Collateral Required
Competitive Interest Rate
Minimal Documentation
Quick
Approval
No Hidden Charges

Business Loan EMI Calculator

Know your payable EMI using our EMI calculator. Enter the loan amount, interest rate, and tenure. 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 Coimbatore

Explore our simple eligibility criteria:

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

Documents Required for a Business Loan in Coimbatore

Submit the necessary documents while applying:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about the documentation in detail.

Interest Rate and Charges for a Business Loan in Coimbatore

Get Business Loan at attractive interest rate and minimal 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 Dishonor 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

  • Business expansion or diversification
  • Improve existing business set-up
  • Consolidate high-interest business debts
  • Boost working capital reserves
  • Expand your workforce
  • Purchase and stock inventory

Tips for a Successful Business Loan Application

  • Keep your records up to date
  • Have a plan and know the purpose
  • Gather all necessary documentation
  • Maintain good credit history
  • Avoid multiple applications

Poonawalla Fincorp Branch Address in Coimbatore

Poonawalla Fincorp Limited


Address: 6th Floor, Classic Towers, Trichy Road, 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)

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 the interest rate of a Business Loan in Coimbatore?

The interest rate offered differs from one lender to another and depend on factors like credit score, repayment capacity, loan tenure, etc. Poonawalla Fincorp offers a business loan at interest rate starting at 15%* p.a.

How can I get a good credit score for a Business Loan?

Take the following measures to improve your credit score:

  • Pay existing debts on time
  • Lower your credit utilisation ratio to below 30%
  • Have a credit mix
  • Keep your old accounts active
  • Avoid multiple credit applications
What is the tenure of a Business Loan from Poonawalla Fincorp?

We offer flexible tenure between 6 and 48 months. You can choose a tenure at your convenience.