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

Get an Instant Business Loan with No Collateral

Secure fast loan approval and quick disbursal for your existing business with a Business Loan from Poonawalla Fincorp. Our loan comes with zero collateral, higher loan amount, flexible repayment options and competitive interest rate. Use the funds to expand your business, purchase the latest machinery, upgrade existing business set-up, procure inventory and much more. Apply now!

Why Choose Poonawalla Fincorp

No Collateral Required No Collateral Required
Competitive
Interest Rate
Minimal
Documentation
Quick
Approval
Flexible Loan Tenure Flexible Loan Tenure
Zero Hidden Charges

Business Loan EMI Calculator

Plan your finances with our user-friendly EMI calculator. Just enter the loan amount, interest rate and tenure to receive instant results. Use it 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 an Instant Business Loan

Meet our simple eligibility criteria:

  • Age: Between 24 and 65 years.
  • Citizenship: Indian.
  • Business Vintage: Minimum 2 years.
  • Annual Turnover: At least ₹6 Lakh.

Documents Required for an Instant Business Loan

Submit the essential documents while applying:

  • KYC Documents
  • Business Address Proof
  • Financial Documents

Click to know more about the documentation in detail.

Interest Rate and Charges for an Instant Business Loan

Obtain an instant MSME Loan at competitive interest rate and minimum 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 an Instant Business Loan

● Expand business operations

● Upgrade and renovate facilities

● Purchase equipment and software

● Meet your working capital requirements

● Consolidate high-interest debts

● Recruit additional workforce

Who Can Get an Indian Business Loan

● Owner of retail shops

● MSMEs

● Sole proprietors

● Women entrepreneurs

● Small business owners

Tips for a Successful Instant Business Loan Application

● Decide your business requirements

● Make a business plan

● Check your credit score and repayment history

● Arrange the relevant documents to apply for the loan

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 minimum annual turnover required for an Instant Business Loan?

The minimum annual turnover required for getting an Instant Business Loan is ₹6 Lakh.

Do I need to provide collateral to secure an Instant Business Loan?

No, our Instant Business Loan is unsecured, which means you do not need to pledge any collateral or security to get the loan.

What is the processing fee for an instant Business Loan?

The processing fee for an Instant Business Loan is up to 3% of the disbursement amount plus applicable taxes.