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Poonawala Business Loan (Small Vertical)
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 easy business loans to business owners and entrepreneurs in India.Powered By
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Poonawala Business Loan (Small Vertical)
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Here are a few factors
| Location | 90Km from Branch |
| CIBIL Score | 700+ |
| Processing | Online |
| Loan Amount | 2 -10 Lac |
| Rate of Interest | 18.75-20% |
| ROI Type | Reducing |
| Repayment Tenure | 24 - 36 months |
Business Vintage | 3 Year |
| Business Turnover | 30 Lac+ |
| TAT | Sanction- 3 Days, Disbursement-7 Days |
| Processing Fees | 2% |
| Foreclosure Charges | 4% |
| Applicant Type | Any self-employed person |
| Co-applicant Requirement | Yes |
| Part-Payment Allowance | No |
| Negative Profile | School, Both Side Rented, Advocates, Jewelers, Share Traders |
Required Documents
Pan Card
Identity Proof
Address Proof
Business ownership proof
Business Registration Proof
Previous 6 month’s Bank Statement
Latest ITR, Balance Sheet and Profit-Loss Account
Required Eligibility
The age of the applicant/co-applicant must be between 25-60 years
The minimum turnover of the business must be Rs. 30 Lacs
Either the Office or Residence of the applicant must be owned
FREQUENTLY ASKED QUESTIONS
The minimum business turnover required to apply for a Poonawala Business loan in the small vertical is Rs. 30 lac per annum.
No, Business registration proof is mandatory while applying for a small vertical business loan at Poonawala.
The minimum required age to apply for a Poonawala Small vertical business loan is 25 years
No, as the required Minimum business vintage to apply is 3 years
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