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

Get an Unsecured Business Loan Online

The availability of sustained credit financing is essential to ensure the steady growth of your business. Get instant funds to expand your business footprint, meet your working capital needs, purchase machinery, etc., with an unsecured Business Loan from Poonawalla Fincorp. Avail of this collateral-free loan of up to ₹75 Lakh with instant disbursal. Benefit from our attractive interest rate, flexible repayment tenure and quick approval. Apply now!

Why Choose Poonawalla Fincorp

Collateral-free
Loan
Competitive
Interest Rate
Minimal
Documentation
Quick
Approval
Flexible Repayment
Tenure
Zero Hidden Charges

Business Loan EMI Calculator

Make use of our user-friendly EMI calculator to plan your monthly payments. Just enter the loan amount, interest rate and tenure to calculate your EMI 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 an unsecured 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 unsecured 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 unsecured Business Loan

Secure funding for your venture 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% 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 unsecured Business Loan

● Growing your business operations

● Upgrading existing facilities

● Purchasing machinery and equipment

● Fulfilling your working capital requirements

● Consolidating high-interest debts

● Hiring additional workforce

Who Can Get an unsecured Business Loan

● MSMEs

● Sole proprietors

● Owner of retail shops

● Women entrepreneurs

● Small business owners

Tips for a Successful Business Loan Application

● Finalise your business requirements

● Check your credit score

● Keep the loan documents handy

● Avoid multiple loan applications

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 maximum loan amount for an unsecured Business Loan?

The maximum loan amount for our Unsecured Business Loan is up to ₹75 Lakh. You can use the loan amount to fund your business expansion, meet your working capital needs, upgrade existing machinery, etc.

What is a Business Loan EMI calculator?

A Business Loan EMI calculator is an online tool that enables you to know your monthly payments over the tenure of your unsecured Business Loan. Simply enter the loan amount, tenure and interest rate in the EMI calculator to know your EMI without the hassle of calculating it manually.

What is the repayment tenure for an unsecured Business Loan?

The loan tenure for our Unsecured Business Loan ranges between 6 and 48 months. You should select a loan tenure based on your repayment capacity.