Loan Amount
Up To ₹50 Lakh
Interest Rate
Starting at 15%*p.a.
Loan Tenure
Up to 48 Months

Get a Working Capital Loan With Minimal Paperwork

Every business needs regular access to a sustainable credit facility to manage its day-to-day operations. Get instant funds to purchase raw materials, meet your working capital needs, purchase inventory, etc., with a working capital loan from Poonawalla Fincorp. Avail of this collateral-free loan of up to ₹50 Lakh with instant disbursal. Enjoy attractive interest rates, no hidden charges, flexible EMIs and quick approval. Apply now!

Why Choose Poonawalla Fincorp

Collateral-free Loan
Quick
Approval
No Hidden
Charges
Minimal
Documentation
Simple Eligibility
Criteria
Attractive
Interest Rate

Working Capital Loan EMI Calculator

Use our online EMI calculator to know your monthly payments. Slide the bar to enter the loan amount, interest rate and tenure to calculate 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 a Working Capital Loan With Minimal Paperwork

Every business needs regular access to a sustainable credit facility to manage its day-to-day operations. Get instant funds to purchase raw materials, meet your working capital needs, purchase inventory, etc., with a working capital loan from Poonawalla Fincorp. Avail of this collateral-free loan of up to ₹50 Lakh with instant disbursal. Enjoy attractive interest rates, no hidden charges, flexible EMIs and quick approval. Apply 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

Personal Loan Amortization Schedule

The Amortization schedule for a Personal Loan provides a clear visual representation of how your loan balance reduces over time. It also shows how the proportion of principal to interest changes with each payment. Enter your loan amount, tenure and interest rates in the EMI calculator and get your Amortization schedule:

What is a Personal Loan Amortization Calculator

A Personal Loan Amortization calculator is a financial tool designed to help you understand how your loan payments are structured throughout your loan tenure. Enter details like the principal amount, interest rate and loan tenure to get a detailed Amortization schedule with a complete breakdown of your Personal Loan’s repayment.

What is Loan Amortisation

Loan Amortization is the process of gradually repaying a debt obligation through regular instalments over the repayment period. In an amortised loan, each payment consists of both principal and interest, with the proportion changing over the life of the loan.

Understanding loan Amortization is crucial as it impacts your long-term financial planning and helps them make informed decisions about loan terms and repayment strategies.

How Does a Personal Loan Amortization Calculator Work

The Amortization calculator uses a series of financial formulas to generate the loan repayment schedule. Follow the simplified step-by-step explanation of its calculation process:

  • 1. Multiply the loan principal amount by your interest rate.
  • 2. Divide that by 12 to get your interest fee for the current month.
  • 3. Subtract the interest fee from the total monthly payment.
  • 4. The remaining amount is how much will go toward the principal for that month.

Benefits of Using a Personal Loan Amortization Calculator

Check the benefits of using a Personal Loan Amortization calculator:

  • Financial Planning: Provides a clear picture of future payments to help you budget effectively and plan your long-term financial goals.
  • Understanding Loan Structure: Gives insights into how payments are applied to principal and interest over time, increasing financial literacy.
  • Informed Decision Making: Gives an understanding of the cost of borrowing the loan over the entire term to help you make an informed decision about using debt to meet your financial needs.
  • Saves Time: Eliminates the need for complex manual calculations, saving your time and reducing the risk of errors.
  • Transparency: Provides clarity on the actual cost of borrowing, including the total interest payable over the repayment tenure.
Tenure
Approximate EMI at 10% interest rate
2 years
₹46,145/month
3 years
₹32,267/month
4 years
₹25,363/month
5 years
₹21,247/month

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a Working Capital Loan

Fulfil our simple eligibility criteria to avail of the loan:

  • Age Limit: 24 to 65 years.
  • Nationality: Indian citizen.
  • Business Vintage: Minimum 2 years.
  • Annual Turnover: At least ₹6 Lakh.

Documents Required for a Working Capital Loan

Submit just a few document:

  • KYC Documents
  • Financial Documents
  • Business Address Proof

Click to know more about the necessary documents in detail.

Interest Rates and Other Charges for a Working Capital Loan

Avail of our Business Loan for working capital at competitive interest rates and nominal charges:

Interest Rate
15%* p.a. onwards
Loan Amount
₹5 Lakh to ₹50 Lakh
Loan Processing Fees
Up to 3% plus applicable taxes
Lowest EMI Per Month
Starting from ₹2,783* per Lakh for 48 month
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 Interest
2% per month
Repayment Instrument Dishonour Charges
₹500 per bounce plus applicable taxes
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 Loan for Working

● Upgrading existing facilities

● Hiring workforce

● Paying salaries to staff

● Procuring raw materials

● Purchasing machinery and equipment

Who Can Get a Working Capital Loan

● MSMEs

● Sole Proprietors

● Owner of Retail Shops

● Women Entrepreneurs

● Small Business Owner

Tips for a Successful Working Capital Loan Application

● Finalise your working capital requirements

● Check your credit score

● Keep the loan documents handy

● Avoid multiple loan applications

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

rightArrow
rightArrow

Frequently Asked Questions

1. Why should I consider availing of a Working Capital Loan?

Getting a working capital loan can help you cover your short-term expenses when your business does not have enough cash flow to cover the operational costs.

2. What is the lowest EMI for Poonawalla Fincorp’s working capital loan?

The lowest EMI for Poonawalla Fincorp’s Business Loan for working capital starts from ₹2,783* for a loan amount of ₹1 Lakh, interest rate of 15%* p.a. and a loan tenure of 48 months.

3. Will making regular repayments on my working capital loan affect my credit score?

Yes, making on-time repayments for your working capital loan will help improve your credit score. On the other hand, if you miss your EMI payments or default on the loan entirely, it will have a negative impact on your credit score.

*T&C Apply

Happy Customers, Happy Us