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

Avail of a Flexible Business Loan in Surat

Surat, renowned for its diamond processing and trading hub in Gujarat is one of the largest diamond manufacturing centres in the world. The city is also known for its vibrant economy due to the presence of various other industries, such as petrochemicals and textiles.

Expand your business with a collateral-free Business Loan in Surat of up to ₹75 Lakh at competitive interest rate with minimal documentation, quick approval, and flexible loan terms. 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

Use our EMI calculator to estimate your monthly payments. Just enter the loan amount, tenure, and interest rate. Try now!

Optimise Your Personal 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

%
9.99 %
30 %

Tenure

Months
12Months
84Months

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 Surat

Meet our simple eligibility criteria to qualify:

  • 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 Surat

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 Surat

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 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 Surat

  • Renovating business premises
  • Upgrading machinery and equipment
  • Restocking inventory
  • Hiring and training employees
  • Purchasing commercial assets
  • Funding working capital requirements

Who Can Get a Business Loan in Surat

  • Women entrepreneurs 
  • MSME owners 
  • Retail shop owners 
  • Sole proprietors 
  • Partnership firms 

Tips for a Successful Business Loan Application

  • Establish a detailed business plan 
  • Check your credit history 
  • Arrange the financial and business documents 
  • Fill out the application form correctly 
  • Avoid multiple applications 

Poonawalla Fincorp Branch Address in Surat

Poonawalla Fincorp Limited

Address: Office No. 207 and 208, 2nd Floor, RIO EMPIRE, Near Pal RTO, Adjan, Surat, Gujarat-394510

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

rightArrow
rightArrow

Frequently Asked Questions

How can an MSME apply for a Business Loan in Surat?

To apply for an MSME loan, you can either visit our Surat branch or apply online in 3 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 much capital can I raise in the form of a Business Loan?

Poonawalla Fincorp offers unsecured loans for business growth between ₹5 Lakh to ₹75 Lakh.

What are the benefits of choosing a Business Loan in Surat?
  • High loan amount
  • No collateral required
  • No end-use restrictions
  • Online application
  • Attractive interest rate
  • Flexible repayment tenure
  • No hidden charges
  • No foreclosure charges