Here are a few factors
|Location||90Km from Branch|
|Business Vintage||3 Year|
|Minimum Turnover||1 Cr-10 Cr|
|Loan Amount & Tenure||
10 Lac-30 Lac
(12 Month to 36 Month)
|Loan Product||Term Loan|
|Rate of Interest & Type||18.25% to 20% (Reducing)|
|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|
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 firm2. Liquor Business , Hotel & Restaurants, Tour & Travel, Real Estate is catious profile|
Poonawala Business Loan EMI Calculator
|Interest %||18 %|
|Emi (monthly)||₹ 9,168|
|Total Interest||₹ 10,016|
|Loan Amount + Interest||₹ 110,016|
|Year||Total Principal |
( A )
|Total Interest |
( B )
( A + B)
|Total Payment||Loan Paid Till Date (%)|
|₹ 23,351||₹ 4,153||₹ 27,504||₹ 76,649||23.35 %|
|₹ 76,651||₹ 5,861||₹ 82,512||₹ 0||100.00 %|
Documents required for Poonawala Business Loan
Let’s look into the eligibilities and required Documentation to make your application process even smoother:
KYC of applicant & Co-Applicant
Last 3 year ITR with computation of income of applicant & co-applicant
Last 3 year audited balance sheet of applicant
Last 3 year Tax audit report of applicant
Last 12 month Bank Statement of applicant & co-applicant
26AS of last 2 year of applicant & co-applicant
Copy of GST registration
Copy of MSME registration
Copy of Last 12 month GST return
Sanction letter of all running loan
Latest utility Bill of residence if owned or rent agreement if rented
Latest utility Bill of Office if owned or rent agreement if rented
2 Reference with contact details
Last 3 year Debtors & Creditors on letter head
List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Note : Poonawala Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
Some Important Points
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
About Poonawala Business Loan
Poonawalla Business Loan welcomes you to a world of limitless possibilities. As an aspirant entrepreneur, you want a financial partner who not only sympathizes with your business goals but also delivers the specialized assistance you require to make those goals a reality.
A simple application procedure makes certain that you get the funding you need without any extra documentation or delays. Quick and easy funding is only a few steps away. Poonawalla is a partner you can trust, with a legacy of trust and competence. Selecting Poonawalla Business Loans means collaborating with a company that is dedicated to the success and financial well-being of your company.
Here are a few factors about Poonawalla Finance Business LoanWith Poonawalla Finance Business Loans, you can grow your business and reach new heights. The company provides MSME-specific loans as well as other loans in India. Poonawalla Fincorp is committed to offering safe and large business loans to business owners and entrepreneurs in India. Also,Poonawalla Finance Business Loan is a reliable financing company that provides fast business loans or cost-effective terms whenever your business requires them or has money to spend.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
A borrower can apply for an unsecured business loan without using up any assets or property. Higher interest rates may apply. A secured business loan has lower interest rates. KYC documents are required for the approval of a business loan.
SBA loans are not permitted for personal use. You may only use SBA money for your business.
Personal Loans may be used to cover emergency expenses like medical care, wedding and vacation planning, etc. Business Loans may be used to expand, finance capital acquisitions, or acquire machinery.
The interest rates on the Business Loans are extremely attractive and reasonable. Because lenders do not apply extra regulations to Business Loans, you can use the money as you need with no restrictions.
KYC documents, such as proof of address, GST Registration Certificate (if applicable), PAN Card, and other registration certificates if applicable are required for getting a Poonwala business loan.