Poonawalla Fincorp Business Loan: Get 50 Lakh Instant Loan

Get an instant loan for expenses for your business. Poonawalla Fincorp business loan is offering up to Rs.50 lakh loan. Poonawalla Fincorp Ltd. previously known as Magma Fincorp Ltd. This is an online business loan without collateral.

Poonawalla Fincorp’s business loan interest rate is 15% per annum. The repayment tenure is 3 years.

Poonawalla Fincorp Business Loan

Interest Rate	15% p.a – 28% p.a.
Loan Amount	1 lakh – 50 lakh
Processing Fee	Up to 3% of the loan amount+ GST
CIBIL Score	1-/700+
Loan Tenure	1 year – 3 years
Income	Required
Eligible For	Self Employed

Benefits of Poonawalla Fincorp Business Loan

You will get a business loan without extra hassle. Poonawalla Fincorp Limited provides unsecured business loans with easy processes. Let’s check out the benefits below:

• Get a business loan up to Rs. 50 lakhs
• Digital loan application process.
• The minimal documents required to apply
• No hard copy has to provide
• The interest rate is affordable. Interest rate starts from 15% to 28% p.a.
• Loan approval time is 72 hours
• Long repayment tenure of up to 36 months
• Collateral–free business loan

Eligibility Criteria for Poonawalla Fincorp Business Loan

The below eligibility criteria are required for a Poonawalla Fincorp business loan:

• Age should be 24 to 65 years required
• The minimum annual turnover of Rs. 6 lakhs required
• 2-year business vintage proof required
• Credit score: -1 or 700+ required

Also Read: How much business loan can I get in India? 

Documents Required

• Indian Residence
• KYC Documents: Pan Card, Aadhaar Card
• 1-year bank statement
• Business Vintage Proof: 2 years IT File/ GST File/2 years Trade License
• Residential proof( Electricity bill/ Rent Agreement)

Poonawalla Fincorp Business Loan Interest & Charges

Minimum Interest Rate	15% p.a.
Maximum Interest Rate	28% p.a.
Processing Fees	3% of the loan amount
Foreclose Charges	NIL
Penal Interest	3% of the monthly EMI
Late Charges	3% per month
Bounce Charges	Rs. 1,000/-

How to Apply for Poonawalla Fincorp Business Loan

Step 1: Click on the “Apply Now” button.

Step 2: Fill out the application form

Step 3: Submit the form after filling in all the details.

Step 4: Poonawalla customer care will call you for the documentation process.

Step 5: If you are eligible after the process, you will get the loan amount.

Also Read: Personal Loan for Minimum Salary 13,000

Poonawalla Fincorp Business Loan Customer Cares

 Poonawalla Fincorp provides good customer service. You will get customer care support 24/7.

Official Number: +91 20 67808090 / 1800-266-3201 (Monday to Saturday 9.00 AM – 7.00 PM)

E-mail ID: [email protected]

Office Address:

201 and 202, 2nd Floor, AP81, Koregaon Park Annex,

Mundhwa, Pune, 411036

FAQs on Poonawalla Business Loan