Meet Your Business’ Financial Needs with Business Loan
Empower your business and take it to new heights with Poonawalla Fincorp's fast and hassle-free Business Loan. We provide tailored business financing solutions to help you get working capital, expand business operations, purchase machinery or inventory, and consolidate your existing high-interest loans.
When you apply for this loan from Poonawalla Fincorp, we offer complete assistance and guide you through the entire process, from filling out the form to getting disbursal.
Our loan disbursement process is optimized at every level, promising a hassle-free borrowing experience.
Different Uses of a Loan for Business
As a business owner, you can apply for a loan for your business with Poonawalla Fincorp, and use the funds to:
- Fund business expansion or diversification
- Improve existing business set-up
- Consolidate high-interest business debts
- Boost working capital reserves
- Expand your workforce
- Purchase and stock inventory
- Buy new machinery, equipment, or software
- Capitalize on business opportunities
Types of term loans
Business Term Loans can be broadly divided into three sub-categories- Businesses can avail of these term loans as per their unique business needs.
- Short-term Loan: Businesses can meet their short-term fund needs with Short-term loan. The loan tenure can last for six months but can extend up to 18 months in certain cases.
- Intermediate-term loan: Term Loans with a repayment schedule within a range of 1 year to 3 years are called intermediate-term loans.
- Long-term loan: Term Loans with a repayment tenure of over three years is categorised under long-term loan.
Short-term and intermediate-term loans are unsecured loans. This implies that borrowers do not need to pledge any assets to avail of these Term Loans. A long-term loan, on the other hand, is a secured loan, implying that the loan would be given against collateral.
Term Loan Features and Benefits
Poonawalla Fincorp’s Term Loans are tailored to meet various financial requirements of any business. The fixed repayment schedule helps companies to know their interest outgo using the Term Loan interest calculator online.
The varied benefits of availing of our Term Loan are as listed below:
Higher loan amount
No business can thrive without adequate finance, especially in today’s competitive world. Term Loan helps you run your business operations smoothly without any interruption. With Poonawalla Fincorp’s Term Loan, you can avail loan amount of up to ₹75 Lakhs to meet your working capital and business expenditure needs.
Quick disbursals
We understand the hectic and busy schedules of business owners and offer a no-hassle experience when you need funds. Quick loan disbursals are ensured, which helps in minimizing delays.
Collateral-free loans
Collateral-free loans ensure you do not need to pledge personal or business assets in exchange for the loan. In times of a liquidity crunch or any business emergency, you can avail of our unsecured loan without looking elsewhere for funds or spending time arranging for collateral.
Competitive interest rates
Poonawalla Fincorp offers competitive interest rates on Term Loans. It ensures low outgo towards interest payments for servicing your Business Loan, which becomes a cost-effective solution for meeting your business needs.
Fast approvals
Quick Term Loan sanctions ensure you have funds right when needed, without any delay. Online loan applications and fast processing help businesses avail the loan faster.
Plan repayment schedule
We offer a flexible tenure that can extend up to 36 months. This way, your business will not be affected in any way due to loan EMIs.
Availability of online processing
The ease of online processing cannot be undermined; you get access to funds digitally from the comforts of your home. The online process is straightforward: your loan is approved instantly, and your account is credited with the funds immediately.
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business loan16 Jan 2025| 9 min -
Term Loan EMI Calculator FAQs
You can avail of a term loan up to ₹75 Lakhs to meet your working capital and business expenditure needs.
For up to the first (6) EMIs, a foreclosing charge of 6% on the principal outstanding amount plus taxes is applicable. After payment of the first six (6) EMIs, 5% of the principal outstanding amount plus taxes is applicable.
The factors considered for ascertaining the rate of interest on the term loan include:
- Amount of loan
- Credit score
- Period of operation of the business
- Balance sheet
There are no hidden charges involved in a Term Loan from Poonawalla Fincorp. There is total transparency in all operations. We only charge what is communicated. No obscure costs will be added to your total bill.
The interest amount in the EMI remains fixed throughout the period of payment.
It is necessary to calculate the term loan EMI before availing of the loan to obtain clarity and get help with better planning. It helps you as a business owner for securing financing that suits your goals best.
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Other Loan Options to Suit Your Needs
Happy Customers, Happy Us
I opted for a Loan Against Property balance transfer with Poonawalla Fincorp, and the experience exceeded my expectations. The application process was completely digital, quick, and required minimal paperwork. Getting a significantly lower interest rate helped me reinvest in my business. With better financial flexibility, I was able to scale operations efficiently, leading to a 30% increase in business turnover. Poonawalla Fincorp made the entire journey stress-free, and I highly recommend their services to any business owner looking for smart financial solutions.
Poonawalla Fincorp’s Pre-owned Car Loan made the entire financing process effortless. The loan approval was quick, and the minimal documentation made it even more convenient. Within just a couple of days, the funds were disbursed, allowing me to purchase a well-maintained pre-owned vehicle without any hassle. The repayment options were flexible, and the entire experience was seamless. Thanks to Poonawalla Fincorp, I could get my car without any financial strain. Highly recommended!
Securing a loan to purchase a commercial property with rental income was crucial for my business. Having previously worked with Poonawalla Fincorp, I was confident in their services. The process was incredibly smooth and transparent. The quick disbursement and excellent post-sales support made the entire experience stress-free. Thanks to Poonawalla Fincorp, I now own a prime commercial property in Mumbai, which has significantly boosted my business. Their quick turnaround time and excellent post-sales support made all the difference. I wholeheartedly recommend them to anyone in need.
I had a great experience with Poonawalla Fincorp’s Pre-owned Car Loan. The offered loan amount was as per my expectations, and the entire process was smooth and hassle-free. The documentation was minimal, and the loan was disbursed in just two days! What stood out was the flexibility—repayment was easy, and the EMI structure was well-planned. The loan approval process was straightforward, making it convenient to get the car I wanted without any delays. Overall, the service was excellent, and I highly recommend Poonawalla Fincorp to anyone looking for an easy and quick loan process!
A friend in need, is a friend indeed. Poonawalla fincorp has been like one of those friends for me, who has supported me in my journey. With no hidden charges and no prepayment charges, the company has provided me with the adequate funds I needed for me professional practice. From the loan application process to the disbursal of funds, I did not face any problems. My experience was hassle-free and smooth. Not just me, all my fellow professionals and friends have had a wonderful experience with Poonawalla Fincorp’s Professional Loan.
I am practicing Chartered Accountant (CA) based out of Hubli. There were working capital issues that i was facing like upgrading my firm’s overall infrastructure, hiring well-qualified staff and digitization. Poonawalla fincorp hab been of great support when it comes to funding these requirements. I’ve got one of the best interest rates available in the market, my documentation process was fast & hassle-free. and the digital application process made it very simple to get a Professional Loan as a CA. I recommend to CAs to consider Poonawalla Fincorp for their working capital or any other funding requirements.
I run a chain of farmacy stores with 5 branches in pune. With the growing polpularity of home delivery, my customers were expecting the same from me as well. However, the extra capital requirement made it difficulf for me to hire delivery persons. With Poonawalla fincorp’s Business loan, I am now able to compete with online pharmacy retailers, manage working capital and upgrade my system. My customers have grown 50-60%. The loan applicatipn process is digital, simple and speedy. I was delighted to get my loan amount disbursed quickly, allowing me to upgrade my operationg seamlessly.