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No Collateral Required

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10.50% R.O.I. (starting)

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Minimal Documentation

How Business Loan
In Punjab Works?

Punjab has many young entrepreneurs and established business owners who are willing to expand their businesses or you are planning to open their Business.   A Business loan is a type of financial aid provided by Banks and NBFCs to people who are facing financial crises. This loan can either be secured i.e. a loan that requires security to be pledged in banks, or unsecured i.e. a loan that is given based on the creditworthiness of a person.
Business Loans in Punjab can be availed by Business owners who have passed the eligibility criteria. The interest rate for Business Loan starts from 14% for an unsecured business loan and 8.5% for a secured business loan. 


How Business Loan In Punjab Works?

Eligibility and Documentation
For Business Loan in Punjab

Age: The age of the borrower should be between 21-60 years. 
Citizenship: The borrower must be a citizen of India
Business Vintage: The business must be running for 3 years. 
CIBIL Score: 700 or higher

Documents required for Business Loans in Punjab are mentioned below. 
1. Adhaar Card
2. PAN Card      
3. Photo     
4. GST Registration       
5. UDHYAM Registration      
6. GST Returns       
7. Financial details of the company      
8. Bank statement for one year      
9. Details of the running loans       


Eligibility and Documentation For Business Loan in Punjab

How to apply for
Business Loan in Punjab

Mentioned below is the process to apply for Business Loan in Punjab today. 
1. Visit the website of My Mudra and search for the section on Business Loan. 
2. Click on Apply Now for applying for Business Loan. 
3. Get your documentation done online. 
4. Get your business loan approved and disbursed in the shortest interval of time from My Mudra.


How to apply for Business Loan in Punjab

Which banks to apply for Business Loan in Punjab?

Banks and NBFC

Interest Rate

HDFC Bank

14%

Axis Bank

14%

Standard Chartered Bank

14%

IDFC Bank 

15%

ICICI Bank

15%

 

Business Loan EMI Calculator

Loan Amount

Tenure

MO

Interest Rate in %

%

Your Monthly loan emi Rs.23,537

Monthly amount paid to your loan provider

Interest rate in %

Total Payble Amount

Rs.5,64,882

your loan details as specified by you

Loan Amount
Rs.5,00,000
Tenure
24
M
Interest Rate
12
%

Frequently Asked Questions
On Business Loan in Punjab