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

Get an Affordable Business Loan in Indore

Indore, the street food city of India has grown in leaps and bounds to its current state since its initial days. This commercial hub of Madhya Pradesh has plenty of opportunities to grow in business, finance, technology, and leisure. Tap into the business growth opportunity with a Business Loan from Poonawalla Fincorp and get up to ₹75 Lakh at attractive interest rates with minimal documents, quick approval, and no hidden charges. Apply now!

 

Why Choose Poonawalla Fincorp

High Loan Amount High Loan
Amount
No Collateral Required No Collateral
Required
Competitive Interest Rate Competitive
Interest Rate
Simple Documentation Minimal
Documentation
Quick Disbursal Quick
Approval
Flexible Repayment Tenure Flexible
Repayment Tenure

Business Loan EMI Calculator

Plan your monthly repayment with our EMI Calculator. Enter the loan amount, interest rate and tenure to calculate EMIs instantly!

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 Indore

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 a Business Loan in Indore

Skip the heavy paperwork and 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 for a Business Loan in Indore

Secure Business Loan at competitive 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 Indore

● Expand your business facilities

● Launch a new product or service

● Increase your working capital reserves

● Buy equipment and tools

● Consolidate loans

● Hire and train new employees

Who Can Get a Business Loan in Indore

  • Small business owners 
  • Retail shop owners 
  • Sole proprietors  
  • MSMEs 
  • Women entrepreneurs 

Tips for a Successful Business Loan Application

  • Have a proper business plan
  • Understand your business needs
  • Check your credit history
  • Keep all the documents handy

Poonawalla Fincorp Branch Address Indore

Poonawalla Fincorp Limited

Address: Office No. 717 to 720, 07th Floor, Benchmark Business Park, Near Satya Sai Square, Vijay Nagar, Indore, Madhya Pradesh - 452010

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

Do I have to pay charges for foreclosing a Business Loan?

Yes, there are charges for foreclosing a Business Loan. For the first 6 EMIs, the charge is 6% on the principal outstanding plus taxes, and after 6 EMIs, it is 5% on the principal outstanding plus taxes.

From where can I get a Business Loan in Indore?

You can get a Business Loan in Indore from Poonawalla Fincorp. To apply you can visit our Indore Branch or apply online in just a few easy steps:

Step 1: Click on ‘Apply Now’.

Step 2: Fill out the application form.

Step 3: Upload all the necessary documents.

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

How can I use the Business Loan EMI calculator?

Follow the given steps:

Step 1: Visit the EMI calculator page.

Step 2: Enter the loan amount, interest rate and tenure.

Step 3: Click on “Calculate” to check the EMI value.