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Poonawala Business Loan

Here are a few factors

How To Apply
Product Rating

( 4.6 /5 )

Total - 374 ratings

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Location50Km from Poonewala Branch
Turnover

Minimum: 30 Lac

Maximum: 10 Crore

Minimum Business Vintage3 Years
CIBIL Score700+
Age of Applicant/Co-Applicant25 to 60 Year
Loan Amount2 Lac to 30 Lac
Loan Tenure12Month to 36 Month
Rate of Interest18.50% to 24% P.A.
ROI TypeReducing
Processing Fees2-3%
Foreclosure Charges4-5%
Ownership ProofYes, Either Office or Residence should be owned
Co-BorrowerYes, Mandatory
USPIn Case of Pvt Ltd Company 25% Shareholding & for Partnership Firm 15% holding
Not Doing

Funding to Both Side Rental Applicant

OD Product 


Poonawala Business Loan EMI Calculator

Interest Type

Loan Amount

₹

Interest Rate

%

Loan Tenure

Mo
Loan Amount₹100,000
Interest %18 %
Tenure (months)12
Emi (monthly)₹ 9,168
Total Interest₹ 10,016
Loan Amount + Interest₹ 110,016
YearTotal Principal
( A )		Total Interest
( B )		Balance
( A + B)		Total Payment Loan Paid Till Date (%)
₹ 56,154₹ 8,022₹ 64,176₹ 43,84656.15 %
Jun₹ 7,668₹ 1,500₹ 9,168₹ 92,3327.67 %
Jul₹ 7,783₹ 1,385₹ 9,168₹ 84,54915.45 %
Aug₹ 7,900₹ 1,268₹ 9,168₹ 76,64923.35 %
Sep₹ 8,018₹ 1,150₹ 9,168₹ 68,63131.37 %
Oct₹ 8,139₹ 1,029₹ 9,168₹ 60,49239.51 %
Nov₹ 8,261₹ 907₹ 9,168₹ 52,23147.77 %
Dec₹ 8,385₹ 783₹ 9,168₹ 43,84656.15 %
₹ 43,848₹ 1,992₹ 45,840₹ 0100.00 %
Jan₹ 8,510₹ 658₹ 9,168₹ 35,33664.66 %
Feb₹ 8,638₹ 530₹ 9,168₹ 26,69873.30 %
Mar₹ 8,768₹ 400₹ 9,168₹ 17,93082.07 %
Apr₹ 8,899₹ 269₹ 9,168₹ 9,03190.97 %
May₹ 9,033₹ 135₹ 9,168₹ 0100.00 %

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.
Work Process

Save Your Time with a Simple Loan Process

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.

Right Documents - Easy Process

Required Documents to Apply for Poonawalla Finance Business Loan Business Loan

PAN Card

Aadhaar Card

Driving Licence

Voter ID

Passport

Registered rent agreement

Current passport size photograph

Salaried income documents

Self Employed person documents

Note : Poonawalla Finance Business Loan Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.

Eligibility

  • The age of eligibility is minimum 22 years old and maximum 67 years old.
  • At least Rs.40 lakh must be business turnover every year.
  • A 36-month stability period is required for minimum business stability.

Documents Required

  • Your KYC documents, such as proof of address, GST Registration Certificate (if applicable), PAN Card, and other registration certificates if applicable.
  • For income documents, such as utility bills, rent agreements, etc., KYC data of your partner, director, or proprietor is required.
  • The last two years' Balance Sheet and Profit/Loss Statement.
  • A bank account statement for the last six months is required.
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.

Refer Loan is a Phy-zital Fintech that connects Lenders and Borrowers digitally as well physically. It provides a Financial Bouquet to the users with multiple Financial solutions. Its AI-based detailed comparison enables users to find the best financial product from the best financial institutions.

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