Regulated NBFC / FinTechTerm Loan (Capex / Expansion)Small Enterprise (Investment ≤ ₹10 Cr)🛡️CGTMSE CoveredVerified: 2026-09-29

Poonawalla Fincorp Unsecured Business Loan

Primary Lending Institution:Poonawalla Fincorp Ltd.

₹5 Lakh to ₹50 Lakh MSME credit at 10.50% – 14.50% with Up to 3 years tenure.

Interest Rate10.50% – 14.50%Linked to EBLR / MCLR / Risk

Loan Amount Quantum₹5 Lakh to ₹50 LakhBased on turnover & project cost

Repayment TenureUp to 3 yearsWith moratorium where applicable

Collateral SecurityRequires minimum annual business turnover of ₹30 Lakh and clean banking statements.

What's Missing: Crucial Fine-Print & Exclusion Gaps

Requires minimum annual business turnover of ₹30 Lakh and clean banking statements.

Note: Eligo publishes these regulatory and commercial exclusions directly from bank product guidelines and CGTMSE rules to protect MSME applicants from unexpected fee debits or loan rejection surprises.

What is Poonawalla Fincorp Unsecured Business Loan?

Zero collateral business loan with fast approval and transparent fee structure from Poonawalla Fincorp.

Key Benefits & Features

Competitive interest rates; zero hidden charges; fast digital processing; flexible loan tenures.

Government Subsidy & Credit Guarantee Coverage

CGTMSE / Bank Guarantee / Normal Security

Enterprise Eligibility Criteria

Small business owners and self-employed professionals.

Business Vintage2+ Years in Operation

Min. Annual Turnover₹30.0 Lakh

Processing Fee1.50% + GST

Prepayment TermsZero prepayment penalty on floating rate loans as per regulatory norms

How to Apply (3 Verified Paths)

💼Path 1: Current Account Portal

Apply online via business net banking or approach loan account manager.

🌐Path 2: Official FinTech / Govt Portal

Apply online at https://poonawallafincorp.com/business-loan with digital KYC and financial statements.

🏢Path 3: SME Banking Center Walk-In

Visit nearest MSME branch of the institution with business registration and bank statements.

Eligo does not collect business loan applications or financial data. Apply directly on the verified official domain:

Visit Official Portal↗

Documents Required Checklist

Udyam Registration Certificate, PAN, Aadhaar, Last 2 years ITR and financial statements, 12 months GST returns, 6 months bank statement.

Frequently Asked Questions

What is the maximum loan tenure and amount for Poonawalla Fincorp Unsecured Business Loan?

Borrowers can avail ₹5 Lakh to ₹50 Lakh with a repayment tenure of Up to 3 years.

What are the processing charges and collateral terms for Poonawalla Fincorp Unsecured Business Loan?

The processing fee is 1.50% + GST. Collateral terms: Requires minimum annual business turnover of ₹30 Lakh and clean banking statements.

What are the eligibility criteria for Poonawalla Fincorp Unsecured Business Loan?

Small business owners and self-employed professionals. Minimum business vintage required is 2 year(s).

How can an applicant apply for Poonawalla Fincorp Unsecured Business Loan?

Apply online at https://poonawallafincorp.com/business-loan or visit nearest branch with KYC, Udyam registration, and bank statements.