Business Loan in Pune
Apply and Get Instant Business Loan in Pune
Pune is the second-largest city in the state of Maharashtra, India, after Mumbai. It is located on the Deccan Plateau, at an altitude of 560 meters (1,840 feet) above sea level. Pune is known as the "Queen of the Deccan" and the "Cultural Capital of Maharashtra".
Pune is a popular tourist destination. The city has many historical and cultural attractions, including the Shaniwar Wada, the Aga Khan Palace, and the Osho Ashram. Pune is also known for its lush green hills and gardens.
FinMarket offers convenient business loans for small business owners in Pune, without requiring any collateral. If you're an entrepreneur seeking MSME loans to grow your venture in Pune, complete a quick eligibility check to determine your loan eligibility and one of our loan specialists will reach out to you and assist you with the entire process. The MSME loan procedure is swift, and easy, and requires minimal documentation at FinMarket.
Features and Benefits of Business Loan in Pune
- No security or collateral required - For unsecured Business Loans in Pune, you don’t have to worry about collateral. We provide these loans without any security or collateral to help the growth of businesses.
- High loan amount of up to ₹10 Crore - we provide both MSME/SME loans in Pune with a high loan amount of up to ₹10 Crore.
- Competitive interest rate - we provide low and competitive interest rates for Business Loans in Pune.
- Flexible repayment tenure of up to 60 months - We provide a flexible repayment tenure of up to 60 months.
- Simple documentation for a quick and hassle-free process - We provide loans with minimal documentation so you get loans with hassle-free processing and quick approvals.
- Tax benefits: The interest payable on a business loan is often tax-deductible. Check the interest limit and eligibility before you apply for a business loan.
Business Loan Interest Rates in Pune
| Banks/NBFC Names* | Interest Rate Range | Processing Fees | Loan Amount | Tenure | Enquire Now |
|---|---|---|---|---|---|
| HDFC Business Loan | 10.5% to 22.5% | 0 to 5% | Up to 75 Lakhs | 1 to 5 Years | Apply Now |
| AXIS Business Loan | 15.5% to 18.3% | 0.25 to 2% | Up to 75 Lakhs | 6 to 60 months | Apply Now |
| ICICI Business Loan | 10.5% to 17% | 0 to 2% | Up to 2 Crores | 0 to 7 Years | Apply Now |
| Kotak Business Loan | 16.5% to 18.3% | 0.25 to 2% | Up to 1 Crore | 0 to 60 months | Apply Now |
| Standard Chartered Business Loan | 14.5% to 18.3% | 0 to 2% | Up to 1 Crore | 0 to 5 Years | Apply Now |
| Bajaj Finserv Business Loan | 9.75% to 25% | 0 to 3.54% | Up to 55 Lakhs | 0 to 8 Years | Apply Now |
| SBI Business Loan | 15.5% to 18.3% | 1 to 2.7% | Up to 1 Crore | 12 to 60 months | Apply Now |
| IDFC Business Loan | 15.5% to 0% | 1.25 to 3.5% | Up to 1 Crore | 12 to 18 months | Apply Now |
| Tata Capital Business Loan | 12% to 18.3% | 1 to 2.75% | Up to 2 Lakhs | 12 to 36 months | Apply Now |
| YES Business Loan | 10.25% to 15% | 1 to 2% | Up to 1.5 Crore | 1 to 5 Years | Apply Now |
| BOB Business Loan | 10.25% to 15% | 0.75 to 1% | Up to 50 Lakhs | 1 to 5 Years | Apply Now |
| PNB Business Loan | 10.25% to 15% | 0 to 3% | Up to 10 Lakhs | 1 to 5 Years | Apply Now |
| IndusInd Business Loan | 10.25% to 15% | 0 to 3% | Up to 10 Lakhs | 1 to 5 Years | Apply Now |
| Aditya Birla Business Loan | 10.25% to 15% | 1 to 2% | Up to 15 Lakhs | 1 to 5 Years | Apply Now |
| Incred Business Loan | 10.25% to 15% | 2 to 5% | Up to 10 Crore | 1 to 5 Years | Apply Now |
| Poonawalla Business Loan | 10.25% to 15% | 1 to 3% | Up to 50 Lakhs | 1 to 5 Years | Apply Now |
| Piramal Business Loan | 10.25% to 15% | 1 to 3% | Up to 25 Lakhs | 1 to 5 Years | Apply Now |
Note: *The annual interest rate and processing fee will vary depending on the customer's risk profile and the tenure chosen.
Business Loan in Pune EMI Calculator
FinMarket business loan EMI calculator is simple to use. Just enter your desired tenure, interest rate, and total loan amount to generate a nearly precise estimate of your monthly EMI. From there, choose a tenure that aligns with your budgeted EMI amount.
Business Loan Eligibility in Pune
FinMarket facilitates business loans designed for self-employed individuals, including proprietors, private limited companies, and partnership firms across various industries. Below are our eligibility criteria:
| Criteria | Requirements |
|---|---|
| Age (Primary applicant) | 22 years to 65 years |
| Nationality | Must be a citizen of India |
| Business vintage | Min 3 years and above |
| Min. Annual Income | ₹2 lakhs |
| Annual turnover | Should be making profiles for 2 years with min turnover of ₹10 lakhs |
| CIBIL Score | >700* |
| Who is eligible to apply for a business loan? | Self-employed, proprietorship, partnership, private limited or limited company. |
| Work Experience | Business tenure of 3 years (continuous) & ITR of last 3 years. |
Note: The eligibility criteria for business loans varies from one bank to another.
What are the Documents Required for Business Loan in Pune?
- KYC Documents - We require KYC documents (business, company, and all partners) to approve your Business Loan application.
- Company PAN card, Director/ Proprietor/ Partner PAN Card/Aadhar Card/Driving License/Voter ID/Passport.
- Proprietor/ Partner/ Director PAN Card, Aadhaar Card, Passport, Driving License, Voter ID, Electricity Bill/ Rent Agreement.
- Business documents- All individual/ Partner/Directors’ PAN Card, Aadhaar Card, Passport, Driving License, Voter ID, officially valid documents and address proof.
- Business documents - Business registration and address proof.
- Business Address Proof - We accept utility bills and rent agreements as your business address proof.
- Financial documents - You will be required to provide the salary bank account statements for the past 6 months.
Note: Bankers may request additional documents depending on the requirements during the loan process.
Interest Rates for Business Loan in Pune 2025
Many lenders or financial institutions tend to offer competitive interest rates specifically for business loans compared to other loan types. We assure you that we can offer you the most competitive rates available in the market.
| Pune Business Loan Details | |
|---|---|
| Interest Rate | 10.50 % p.a onwards |
| Processing | Up to 5.00% of the loan amount |
| Loan tenure | 1 Year to 5 Years |
| Guarantor | Not required |
Note: The above mentioned interest rates are determined by Financial institutions and the rates may vary.
* Note: Wherever the details regarding interest rates, processing fees and tenure are mentioned, they may differ as per the lenders' discretion. The actual eligibility will be determined based on the borrowers' risk profile during the loan application process.
Business Loan Pune FAQs
What is the minimum salary required for a business loan in Pune?
The minimum salary required for a business loan in Pune usually starts from ₹25000. For self-employed, the minimum income requirement may range between ₹1 Lakh to ₹2 Lakh (annual).
What are the tenure options available for business loans in Pune?
The repayment tenure for a business loan remains between 1 to 5 years.
How is the business loan eligibility calculated in Pune?
There are two criteria for business loans used for determining your total loan amount:
Debt-to-income ratio: This ratio is your EMI pay-out divided by your total monthly income. Your DTI ratio should be well below 50% for high business loan eligibility.
Monthly income method: Typically, you can get a loan of up to 30 times your monthly income.
Can I get an instant business loan in Pune?
Yes, you can get instant approval for a business Loan. Do note that this benefit is only available to applicants who meet all the business loan eligibility requirements.
How much processing fee should I pay for a business loan In Pune?
A processing fee of 0.25 to 5.00% is deducted at the time of disbursal. If the loan amount is less than one lakh, a flat rate of ₹2999 is charged.