Poonawalla Fincorp Business Loan

Last Updated : Feb. 19, 2025, 1:31 p.m.

Poonawalla Fincorp Business Loan offers quick and hassle-free financing to help businesses grow and manage expenses efficiently. With competitive interest rates, minimal documentation, and flexible repayment options, entrepreneurs can secure funds for expansion, working capital, equipment purchase, or other business needs. Get fast approvals and unlock financial support tailored to your business goals.

Poonawalla Fincorp Business Loan Interest Rate and Charges

The below-mentioned table shows the interest rate and charges applicable on business loans by Poonawalla Fincorp -

Poonawalla Fincorp Business Loan Features and Benefits

Some benefits and features of the Poonawalla Fincorp Business Loan are here -

• Collateral-Free – Get an unsecured loan without pledging assets.
• Minimal Documentation – Quick approval with basic paperwork.
• Instant Approval & Disbursal – Fast online process with direct fund transfer.
• Competitive Interest Rates – Enjoy low-interest EMIs.
• Loan up to ₹75 Lakh – Avail funds as per your business needs.
• Flexible Tenure up to 48 Months – Choose a repayment plan that suits you.
• Meet Urgent Business Needs – Get quick funds for unexpected expenses.

Poonawalla Fincorp Business Loan Uses

Here are some ways of how to use Poonawalla Fincorp Business Loan -

• Fund Business Expansion or Diversification – Expand to new locations, introduce new products, or enter new markets.
• Improve Existing Business Set-up – Upgrade infrastructure, renovate premises, or modernize business operations.
• Consolidate High-Interest Business Debts – Merge multiple loans into a single manageable loan with lower interest rates.
• Boost Working Capital Reserves – Maintain sufficient cash flow to manage daily business expenses and unforeseen costs.
• Expand Your Workforce – Recruit and train employees to strengthen your team and enhance productivity.
• Purchase and Stock Inventory – Procure raw materials or finished goods to meet customer demands efficiently.
• Buy New Machinery, Equipment, or Software – Invest in modern tools and technology to improve efficiency and output.
• Capitalize on Business Opportunities – Leverage timely funding to seize new market trends, partnerships, and expansion opportunities.

Poonawalla Fincorp Business Loan with Competitive Rates

Every business needs sufficient capital to cover operational costs or fund expansion. Business loans are a common solution, with various providers to choose from. While traditional bank loans are popular, the application process can be complex.

At Poonawalla Fincorp, they offer a streamlined application process and attractive interest rates, regardless of your business size. Their term loan rates are among the best in the industry.

Poonawalla Fincorp offers competitive rates to help businesses manage costs effectively.

• Interest Rate: Enjoy rates starting from 15% p.a., based on factors such as credit score, financial standing, and experience.
• Processing Fees: A one-time nominal processing fee of up to 3% plus applicable taxes, charged on the disbursed loan amount.
• Pre-payment Charges: You can prepay the loan with a charge of 6% on the principal outstanding (plus taxes) for the first six EMIs. Afterward, the fee is reduced to 5%.
• Late Payment Penalties: A penalty of 24% p.a. on the defaulted EMI amount. In case of a cheque bounce, a charge of ₹500 per bounce (plus taxes) will apply.

Eligibility Criteria For Poonawalla Fincorp Business Loan

Poonawalla Fincorp Business Loan has some eligibility criteria for the applicants wanting to apply for a Business Loan, make sure to read them before applying for it -

• Age: 24 to 65 years
• Annual Turnover: Minimum ₹40 lakhs
• Business Vintage: At least 2 years since registration.

Documents Required for Poonawalla Fincorp Business Loan

The documents that are required for the Poonawalla Fincorp Business Loan are mentioned below -

• KYC Documents: PAN Card, Aadhaar Card, Driving License, Voter ID, or Passport
• Business Address Proof: Rent agreement, utility bill, or passport
• Financial Documents: Bank statements from the last six months

Note : The required documents may vary based on your profile, loan amount, and company policies.

Calculate Poonawalla Fincorp Business Loan on EMI Calculator

Suppose you are applying for the Poonawalla Fincrop Business Loan for Rs. 5,00,000, an interest rate of 15% p.a up to, say, 20% p.a for 3 years. So here will be the different monthly EMIs based on the amount, interest rate, and tenure you have chosen.

You just need to enter three categories -

1- Interest Rate

2- Tenure

3- Loan Amount

Types of Poonawalla Fincorp Business Loan

Here are the types of Poonawalla Fincorp Business Loan:

Poonawalla Fincorp Unsecured Business Loan

Starting a new business requires capital for various expenses. If you lack the necessary funds, Poonawalla Fincorp offers Unsecured Business Loans for MSMEs, sole proprietors, and small businesses without the need for collateral.

Interest Rate & Eligibility

• Interest Rate - 15% to 28%
• Age: 24 to 65 years (at loan maturity)
• Business Vintage: Minimum 2 years of operation
• Annual Turnover: At least ₹6 lakh.

Poonawalla Fincorp Small Business Loan

The Poonawalla Fincorp Small Business Loan is designed to provide quick financial support to small businesses, helping them manage their working capital, expand operations, or cover urgent expenses.

Reasons to Apply For a Small Business Loan from Poonawalla Fincorp Business

A Small Business Loan can help cover various expenses, including:

• Maintaining Cash Flow
• Expanding Business Operations
• Paying Employee Wages
• Purchasing New Machinery or Equipment
• Covering Overhead Costs
• Upgrading Infrastructure

Poonawalla Fincorp Business Loan for Women (Without Collateral)

Empower your entrepreneurial journey with a Business Loan for women from Poonawalla Fincorp. Get up to ₹75 Lakh with ZERO collateral, flexible EMI options, and fast disbursal. Also, you can enjoy a simple application process and minimal documentation.

Reasons for Women to Apply for a Business Loan

A Business Loan empowers women to expand their businesses and turn their ideas into reality. Use the loan for various purposes to help your business grow:

• Expand Operations
• Diversify Across Sectors
• Upgrade Business Setup and Infrastructure
• Meet Additional Staffing Requirements
• Upgrade Machinery, Software, and Equipment
• Increase Working Capital to Meet Growing Demands

Poonawalla Fincorp Business Loan for Working Capital

Poonawalla Fincorp, a leading NBFC, offers collateral-free Business Loans to meet your working capital and short-term financial needs. Use the funds for employee wages, machinery, or maintaining cash flow. Get fast approval and quick disbursal to keep your business running smoothly.

Poonawalla Fincorp Business Loan for MSME in India

MSMEs play a vital role in India’s economic growth but often face challenges in securing funding. Poonawalla Fincorp offers collateral-free MSME Loans to help businesses expand or manage daily operations. Their loans come with a simple application process, flexible tenure, competitive interest rates, and fast processing.

Reasons for MSME Business Loan Applications

MSMEs often require funding to ensure smooth business operations. Consider an MSME/SME Business Loan from Poonawalla Fincorp for the following reasons:

• Cover Planned and Unplanned Expenses
• Consolidate Existing Debts
• Procure Inventory
• Pay for Emergencies
• Invest in Business Marketing
• Upgrade Business Infrastructure
• Install New Plants and Machinery
• Pay Overhead Costs

Poonawalla Fincorp Business Loan For Sole Proprietor

Sole proprietorships are common in India, with businesses like Kirana shops, medical stores, and small traders being key examples. To support their growth, Poonawalla Fincorp offers unsecured Business Loans for Proprietorships at competitive interest rates.

Retail Business Loan By Poonawalla Fincorp

Retail businesses often face cash flow challenges, whether for restocking, paying salaries, or expansion. Poonawalla Fincorp offers Business Loans for Retail Shops, providing quick access to funds for short-term needs. With competitive interest rates, flexible repayment options, 5% foreclosure fees on principal outstanding, and fast approval, our loans help retail businesses thrive and expand smoothly.

Poonawalla Fincorp Professional Loan

Poonawalla Fincorp’s Professional Loan is designed to support professionals like doctors, lawyers, chartered accountants, and other self-employed individuals in expanding their practices. Whether you're looking to upgrade your office, hire additional staff, or meet working capital needs, this unsecured loan offers flexible terms and quick approval, helping you focus on growing your professional business without the hassle of collateral.

Why Do You Need a Professional Loan?

You can use this loan to -

• Expand Your Practice : Fund the growth of your professional services by adding new facilities, upgrading technology, or opening additional branches.
• Enhance Your Professional Skills : Invest in further education, certifications, or training to elevate your expertise and stay ahead in your field.
• Renovate Your Office Space : Upgrade or renovate your office to create a more professional and welcoming environment for clients and staff.

Features and Benefits of Poonawalla Fincorp Professional Loan

Their Professional Loan offers the following features and benefits:

• Competitive Interest Rates : Enjoy affordable rates for your professional loan.
• Instant Disbursal : Get the funds directly in your bank account post-verification.
• Minimal Documentation : Simply submit KYC and address proof for quick processing.
• Flexible EMIs : Choose repayment terms that fit your budget, with loan tenures of up to 60 months.
• Collateral-free : No need to pledge any assets to secure your loan.
• No End-usage Restrictions : Use the loan for any professional purpose you need.
• Easy Application : Apply with just a click of the 'Apply Now' button.
• Zero Hidden Charges : Transparent process with no extra fees.

Interest Rate & Other Charges Of Professional Loan

The mentioned tables show you interest rates and other charges applicable with the professional loan by Poonawalla Fincorp -

Eligibility Criteria For Poonawalla Fincorp Professional Loan

To ensure quick approval and smooth disbursal, you need to meet the following eligibility criteria:

• Age : Between 24 and 65 years.
• Citizenship : Must be an Indian citizen.
• Work Experience : Minimum of 1 year of practice post-qualification.
• Income : Minimum annual income of ₹3 Lakh.

Note: The above criteria are indicative. Additional documents may be requested during the loan processing by Poonawalla Fincorp.

Documentation Required For Professional Loan From Poonawalla Fincorp

To ensure a smooth and quick application process, submit the following essential documents:

• KYC Documents for Self-employed Professionals : PAN Card, Aadhaar Card, Driving License, Voter ID, or Passport, along with residence address proof, business address proof, and firm/member card (for CA and CS only).
• KYC Documents for Firms or Companies : Business address proof, applicable registrations, PAN Card, Aadhaar Card, Driving License, Voter ID, or Passport of key persons, and their residence address proof.
• Financial Documents : Bank statement for the last six months.
• Professional Qualification Proofs : Professional degree certificate and certificate of practice.

Note: The listed documents are indicative. Additional documents may be requested during loan processing.

Things to Know About Professional Loan Prepayment

Prepaying a loan involves paying a portion of the outstanding principal before the loan tenure ends. This is a smart financial strategy that can reduce your debt burden, save on interest, and lower your EMI amount. However, before opting for prepayment, consider these points:

• Prepayment can only be made using your funds.

• Refer to the EMI schedule to ensure you're making the right payment at the right time.

Types of Professional Loans

• Professional Loan for Self-employed CAs

• Professional Loan for Self-employed CSs

• Professional Loan for Self-employed Doctors

Professional Loan for Self-employed CAs

If you're a Chartered Accountant looking to expand your practice but facing financial hurdles, apply for Poonawalla Fincorp’s Professional Loan for CAs. Their collateral-free loan is designed to support your professional growth and help you achieve your specific goals.

Different Purposes For a CA Loan by Poonawalla Fincorp

A Professional Loan for CAs from Poonawalla Fincorp is designed to cater to the diverse financial needs of Chartered Accountants. You can use the loan to enhance your practice and achieve your professional goals.

Here are some purposes you can fulfill with a CA loan:

• Establish or Purchase New Office Space
• Renovate or Expand Your Existing Office
• Scale-Up Operations
• Meet Working Capital Requirements
• Hire New Staff
• Cover Overhead Costs

Features and Benefits of Professional Loans for CAs

Poonawalla Fincorp’s Professional Loan for Chartered Accountants is designed to support business expansion and financial growth. With a seamless application process and flexible terms, we ensure hassle-free financing, allowing you to focus on your professional practice.

Salient Features and Benefits of Poonawalla Fincorp Professional Loan for CAs -

• High Loan Amount : Get up to ₹75 Lakh to meet your financial needs.
• Minimal Documentation : Simple and hassle-free paperwork.
• Collateral-Free Loan : No need to pledge any assets.
• Flexible Repayment Tenure : Choose a tenure that suits your budget.
• Competitive Interest Rates : Enjoy low and affordable rates.
• Easy Online Application : Apply conveniently from anywhere.
• Quick Approval & Disbursal : Get funds in your account swiftly.
• No Hidden Charges : Transparent process with zero extra fees.
• Simple Eligibility Criteria : Easy access to funds with minimal requirements.

Eligibility Criteria For CA Loan

Poonawalla Fincorp offers quick and hassle-free financing for Chartered Accountants with simple eligibility requirements and minimal documentation.

Here are the key eligibility criteria for a CA Professional Loan:

• Citizenship : Applicant must be an Indian citizen.
• Work Experience : Minimum of one year of professional practice post-qualification.
• Age Requirement : Applicant must be between 24 and 65 years.
• Income Requirement : Must meet the minimum annual income criteria.

Professional Loan For CS From Poonawalla Fincorp

Upgrade your office or expand operations with Poonawalla Fincorp’s Professional Loan for Company Secretaries. Get up to ₹75 Lakh with minimal documentation, flexible repayment, and easy eligibility. The collateral-free loan comes with zero hidden charges and a hassle-free online application.

Professional Loan for Doctors by Poonawalla Fincorp

Doctors need capital to expand their practice, upgrade equipment, or acquire larger spaces for quality healthcare services. Poonawalla Fincorp offers collateral-free Professional Loans for Doctors designed for self-employed medical professionals.

Why Choose a Professional Loan for Doctors?

Their unsecured Professional Loan for Doctors offers flexibility with no end-use restrictions, allowing you to meet your specific financial needs.

Here are some key reasons to apply:

• Upgrade healthcare equipment
• Invest in advanced medical technologies
• Consolidate high-interest debts
• Expand or renovate your clinic/hospital

Eligibility Criteria for Professional Loan for Doctors

Poonawalla Fincorp offers Doctor Loans at attractive interest rates. To avail of this loan, you must meet a few basic eligibility criteria.

• The applicant must be an Indian citizen.
• The age of the applicant should be between 24 and 65 years.
• The applicant must have at least one year of professional experience.
• The applicant should have a minimum annual professional income of ₹3 Lakh.

Poonawalla Fincorp Provides Loans to -

• Self-employed doctors operating their clinics, nursing homes, or hospitals.

Summary!

Poonawalla Fincorp’s Business Loan offers a simple and efficient way for businesses to secure the capital they need. With competitive interest rates, flexible terms, and minimal fees, it provides a cost-effective solution for both small and large businesses. Whether you’re looking to expand, manage operational costs, or improve cash flow, Poonawalla Fincorp ensures that your financing needs are met with ease and affordability.