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

Get a Business Loan for Proprietors

Transform your business' efficiency with a Business Loan for proprietors. With access to financial assistance, you can invest in business expansion, upgrade infrastructure, or meet any other business need. Get a high loan amount of up to ₹75 Lakh at an attractive interest rate with minimal documentation, quick approval, flexible repayment options, and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

High Loan
Amount
Collateral-free
Loan
Competitive
Interest Rate
Minimal
Documentation
Quick
Approval
Flexible Repayment
Tenure

Business Loan EMI Calculator

Calculate your monthly repayments beforehand to ensure a seamless flow of operational tasks. Enter the loan amount, interest rate, and tenure to know your EMIs instantly. 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 for Proprietors

Meet the simple eligibility criteria:

  • Age: Between 24 and 65 years
  • Citizenship: Indian.
  • Business Vintage: Minimum business vintage of 2 years.
  • Annual Turnover: Minimum annual turnover of ₹6 Lakh.

Documents Required for a Business Loan for Proprietors

Submit the essential 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 for Proprietorship

Access competitive and attractive 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% per annum plus applicable taxes
Repayment Instrument Dishonour Charges
₹500 per bounce
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 for Proprietors

  • Stock up on products or raw materials
  • Invest in modern machinery
  • Invest in skill development
  • Streamline cash flow
  • Consolidate debts
  • Fund research and development efforts

Tips for a Successful Business Loan Application

  • Present a comprehensive and realistic plan
  • Maintain clean and up-to-date books
  • Check your credit profile
  • Clearly define loan purpose
  • Showcase business performance
  • Disclose all relevant information

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 processing fee for a Business Loan for sole proprietors?

A nominal processing fee of up to 3%, plus taxes, is applicable on loans for proprietors.

How to calculate the EMIs I need to pay for my sole proprietor loan?

You can check the EMIs instantly with our online Business Loan EMI calculator. Just enter the loan amount, interest rate, and tenure.

How can I use a Business Loan for sole proprietors?

Poonawalla Fincorp’s Loan for proprietors allows you to use it for various purposes, including purchasing machinery, renovating infrastructure, expanding your business, and more.