10K
CustomersActive users
70+
BanksPartner banks
170
BranchesNationwide
The interest rates are nominal to avoid repayment burden.
Only PAN, Aadhar, and Bank Statements are required for approval.
The loan is disbursed into the bank account within 24 hours of approval.
No need to pledge any asset as collateral to avail Business Loan Punjab.
To apply for a business loan Punjab, eligibility criteria need to be met. Here is the list of requirements for a loan Punjab:
When applying for an unsecured business loan Punjab, lenders require certain documents to verify your business's eligibility and assess the financial health of the business. Below are the commonly required documents:
| Bank | Interest Rates | Loan Duration | Loan Amount | Processing Fee |
|---|---|---|---|---|
HDFC Bank | 10.75% - 22.50% pa | 4 Years | Up to 1 Cr. | Up to 2.00% |
IndusInd Bank | 15.99% - 22.99% pa | 2 Years | Up to ₹20 Lakhs | Up to 2.00% + GST |
ICICI Bank | 13.25% - 19.25% pa | 5 Years | Up to ₹50 Lakhs | Up to 2.00% + GST |
Kotak Mahindra Bank | 9.50% - 30.00% pa | 5 Years | Up to 1 Cr. | Up to 2.00% + GST |
Axis Bank | 15.00% - 19.25% pa | 5 Years | Up to ₹75 Lakhs | Up to 2.00% + GST |
* Interest rates are indicative and subject to change. Please verify with the respective lender.
5 lenders listedAn unsecured business loan Punjab allows business owners to get funding without the need for any collateral.
The effective way to manage the repayment of a small business loan Punjab is through EMI calculation.
EMI, or the Equated Monthly Installment calculator, allows you to calculate the amount that a person will have to repay each month. Through it, a business owner can find out what amount they need to repay every month.
This enables better financial planning and ensures that loan repayments fit within the cash flow of the business.
My Mudra is a trusted lender for securing business loans in Punjab. Here is why entrepreneurs prefer My Mudra for their business financing needs:
My Mudra offers unsecured business loans in Punjab. This means you don't have to pledge any collateral while taking the loan, thus decreasing financial risk and making the entire process of taking the loan much more straightforward.
Purpose: Your data is collected exclusively to check your loan eligibility and securely connect you with your chosen lending partner. We process this information strictly in accordance with RBI guidelines to facilitate your application. We do not sell your data, and it is used exclusively to facilitate your loan application.
The application process is fast and hassle-free, with very little paperwork. It can be done online to save time and effort.
Whether it is a small business or a large enterprise, My Mudra offers loan amounts customised to the specific requirements of its customers.
My Mudra provides competitive interest rates, thus making monthly repayments to your business quite affordable
