Poonawala Business Loan (Small Vertical)

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Location 90Km from Branch
CIBIL Score 700+
Processing Online
Business Vintage 3 Year
Minimum Turnover 30 Lac+
Loan Amount & Tenure 2 Lac-10 Lac
(24 Month-36 month)
Loan Product Term Loan
Rate of Interest & Type 18.75% to 20% (Reducing)
TAT Sanction-3 Days
Disbursement-7 Days
Processing Fees 2%
Foreclosure Charges 4%
Applicant Type Any Self Employed Person
Whether Co-Applicant Mandatory Yes
Proprietor Age/Co-Applicant Age 25 Year- 60 Year(at the time of maturity)
Part Payment Allowed No
Whether Ownership Proof Required Either Office or Residence must be Own
Business Registration Proof Mandatory Yes
Program 1. GST Program
2. Banking Program
3. Income Program 
Product for Professionals Yes
Negative Profile School, Both Side Rented, Advocates, Jewellers, Share Traders
USP With minimum Shareholding Loan can be taken
Additional 1. Minimum 25% Shareholding required on Loan if applicant is Company & 15% required for LLP/Partnership firm
2. Liquor Business , Hotel & Restaurants, Tour & Travel, Real Estate is catious profile

Poonawala Business Loan (Small Vertical) EMI Calculator

Interest Type

Loan Amount

Interest Rate

%

Loan Tenure

Mo
Loan Amount100,000
Interest %18 %
Tenure (months)12
Emi (monthly)9,168
Total Interest10,016
Loan Amount + Interest110,016
YearTotal Principal
( A )
Total Interest
( B )
Balance
( A + B)
Total Payment Loan Paid Till Date (%)
23,3514,15327,50476,64923.35 %
Oct7,6681,5009,16892,3327.67 %
Nov7,7831,3859,16884,54915.45 %
Dec7,9001,2689,16876,64923.35 %
76,6515,86182,5120100.00 %
Jan8,0181,1509,16868,63131.37 %
Feb8,1391,0299,16860,49239.51 %
Mar8,2619079,16852,23147.77 %
Apr8,3857839,16843,84656.15 %
May8,5106589,16835,33664.66 %
Jun8,6385309,16826,69873.30 %
Jul8,7684009,16817,93082.07 %
Aug8,8992699,1689,03190.97 %
Sep9,0331359,1680100.00 %
Poonawala Business Loan (Small Vertical)