Business Loan in Surat

The financial support to achieve your entrepreneurial goals!

The port city of Surat has held enormous importance for trade and commerce for centuries. It is also known as the diamond city for its flourishing diamond industry and the silk city of India for its well-established silk industry. Surat has a conducive environment and infrastructure that support corporate growth.

The presence of business-supportive infrastructure makes this city important on the commercial front. Furthermore, the number of start-ups and small businesses in Surat has exploded in recent years, necessitating the need for Business Loans in this resourceful city. However, expanding a business is a major decision that needs to be planned well.

At Poonawalla Fincorp we believe that no aspect, including lack of funding, should hold you back from making the most out of your business opportunity. So, we provide an Unsecured Business Loan in Surat of up to ₹75 Lakhs at competitive interest rates. You can also enjoy other benefits with our flexible, easy, and quick Business Loan offering, which can provide the required boost to your business.

If you are seeking an unsecured Business Loan in Surat, Poonawalla Fincorp is ready to assist you. Our bespoke loans come with low-interest rates, flexible terms, and quick disbursal for all your business needs.

Business Loans are the best form of additional funding for any commercial enterprise. For small businesses like SMEs/MSMEs, it can play a key role in strengthening their financial capabilities to expand operations.

While some Business Loans come with a variable interest rate, some are offered at fixed interest rates. Simply put the Business Loan rates in Surat vary between lenders. You must ensure that you do your research and find the one that best meets your requirements. Poonawalla Fincorp offer Business Loans at attractive and low interest rates in Surat.

Note: Default Charges: Penalty will be charged for non payment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.

You can easily get a loan for a relatively new business in Surat if you fulfil the eligibility criteria. These days, most Small Business Loans come with simple eligibility criteria.

The eligibility criteria for a Business Loan are as follows:

Age

24 to 65 years

Business Vintage

At least two years

Annual turnover

Must be at least ₹6 Lakh

You only need to submit basic documents when applying for a Business Loan in Surat. These documents are required by lenders to verify your personal, professional, and financial background. Verification checks are a common requirement and are just another step to ensure that you don’t face any issues later.

The documents required for a Business Loan in Surat are as follows: