Poonawalla Fincorp Business Loan
Poonawalla Fincorp Business Loan
Apply NowEmpower 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.
As a business owner, you can apply for a loan for your business with Poonawalla Fincorp, and use the funds to:
| Business Loan Interest Rates | 15% p.a. onwards |
| Loan Amount | ?5 lakh to ?75 Lakhs |
| Loan Processing Fees | Up to 3% plus applicable taxes |
| Lowest EMI per month | Starting from ?2,783* per Lakh for 48 months |
| Loan Tenure | 6 - 48 months |
| Prepayment/Foreclosure Charges | 5% on principle outstanding plus applicable taxes |
| Default Charges | 24% per annum |
| Repayment Instrument Dishonor Charges | ?500 per bounce plus applicable taxes |
| Stamp Duty | At actuals (as per state) |
| No Other Hidden Charges | |
Note: Default Charges: Penalty will be charged for non payment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.
At Poonawalla Fincorp, we understand the importance of business finance and offer a customised solution for your funding needs. You get the following benefits:
Collateral-free
Minimal Documentation
Instant Approval and Disbursal
Competitive Interest Rate
Sanction up to ?75 Lakh
Hassle-free Online Application Process
Flexible Tenure up to 48 months
Fulfil Urgent Business Requirements
Poonawalla Fincorp offers an unsecured Business Loan, meaning you need not provide any collateral or security against the funds you borrow.
Our Business Loan approval process is simple and requires only a few basic documents. So don’t worry about the complicated paperwork and focus on optimum capital utilisation to fulfil your business goals.
We understand you want to get the funds as early as possible to improve your business functions. With our online Business Loan application process, you get instant approval, and the amount is directly credited to your bank account.
At Poonawalla Fincorp, we provide business credit up to ?75 Lakh. You can avail a Small Business Loan if you need a lower amount. The eligibility criteria for both loans are simple. No matter what your needs are, we’ll offer the best deal.
Poonawalla Fincorp gives you flexible repayment tenure of up to 48 months for your Business Loan. You can choose the repayment tenure to suit your financial situation and repay the amount without any hassles.
Financial emergencies or unexpected business expenses can arise anytime. In such a situation, applying for a loan for your business with Poonawalla Fincorp can help you get the funds instantly to cover the costs and honour all your business commitments.
At Poonawalla Fincorp, eligibility requirements to get a loan for your business are specially designed to help you save time and get quick approval. Our eligibility criteria include:
Our document requirements include:
Please note: This list is indicative, and the actual list of documents will depend on your profile, requirement and Poonawalla Fincorp’s policy at the time of application.
Running a business successfully is a capital-intensive task. All enterprises incur a variety of expenses to ensure business operations run smoothly. Therefore, having easy access to capital at the right time can make all the difference. At Poonawalla Fincorp, we understand these needs and offer the Business Loan as a source of capital for all entrepreneurs. Borrowers can enjoy a myriad of cost-effective advantages of taking a Business Loan from us.
| Higher Loan Disbursal Amount Business expenditures and working capital require sufficient finance. One of the primary advantages you get with our Business Loan is access to capital up to ?75 Lakh to fund any business-related expense without compromise. |
| Swift and Smooth Disbursal The Poonawalla Fincorp loan for business is designed to suit your busy lifestyle and schedule. We offer quick loans online, ensuring you have a hassle-free experience whenever you need funds for your business. |
| Collateral free Loans We offer collateral-free loans for your business. This makes it time-efficient and less risky to avail. You can access capital easily without the need to pledge any business or personal assets. |
| Interest Rates When you opt Poonawalla Fincorp for business financing, you enjoy a competitive interest rate. Competitive interest rates make our offering a cost-effective solution that you can rely on. |
| Simplified Documentation Process To speed up loan processing, you are only required to submit basic documents. Our simplified documentation process gives you an edge when borrowing from us over other financers, and therefore, acts as another advantage. |
| Extended Loan Tenure Loan EMIs should never strain working capital reserves or cause a dip in your business profits. With our Business Loan, you don’t have to worry about this as you can opt for a flexible tenure of up to 48 months. This helps you plan your repayment optimally based on your business’s cash flow. |
| Convenience of Online Process You can apply for a loan for your business online and access capital digitally and from the convenience of your home or business. Apply online and get instant approval, receive the funds to your account without any delay. |
