Poonawalla Fincorp’s 24/7 Loan Hub—MSMEs Get Growth Without Limits

24/7 Access to Growth Capital

Poonawalla Fincorp has introduced 24/7 digital business loans, providing MSMEs instant access to funds without collateral.

The initiative plans to simplify financing, allowing businesses to get loans at any time and from anywhere.

Loan size ranges from ₹1 lakh to ₹75 lakh, with interest rates beginning at 15% per annum.

Key Features & Benefits

Completely digital application process, removing paperwork and shortening approval time.

Rapid disbursal, with funds released within 72 hours from approval.

Flexible repayment period between 6 and 48 months, supporting variable business requirements.

No hidden fees, with clear transparency in loan processing.

Eligibility & Application Process

MSMEs should have a minimum turnover of ₹6 lakh per annum and a business vintage of two years.

Applicants are required to submit PAN, Aadhaar, bank statements, and business documents.

The loan can be applied for through the online portal of Poonawalla Fincorp, with instant verification.

Market Impact & Industry Response

The step is likely to increase MSME liquidity, helping companies grow operations effectively. 

Experts foresee increased loan adoption, considering ease of access and competitive rates. 

The action supports India's digital financial inclusion push, favoring small businesses. 

Sources: Poonawalla Fincorp, Economic Times, Reuters.