Here are a few factors

Rating 4.6 /
Total - 374 ratings
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257
4
102
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Location 90Km from Branch
CIBIL Score 700+
Processing Online
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)
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 firm2. Liquor Business , Hotel & Restaurants, Tour & Travel, Real Estate is catious profile

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
  • Debt Sheet
  • 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

1. KYC Means If Applicant is
  • Company-MOA, AOA, COI , PAN Card
  • Partnership Firm/LLP- Partnership Deed & PAN Card
  • Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
For Co-Applicant
  • KYC means  Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
  • Company : Directors
  • Partnership firm/LLP : Partners
  • Proprietorship Firm : Spouse of Proprietor
2. If applicant is professional, then his professional degree is required

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 Loan

With 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.
01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Leave Your Question

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.