Poonawalla Fincorp Launches Fully Digital Business Loans for MSMEs, Available 24/7
Poonawalla Fincorp has introduced Business Loan 24/7, a fully digital loan service designed especially for micro, small, and medium enterprises (MSMEs). The new offering allows MSMEs to apply and receive loan approvals any time of the day or night — without the need to visit a branch or submit physical documents.
The digital loan system is powered by a Straight Through Processing (STP) model, enabling instant application, assessment, and approval. It uses India’s digital public infrastructure such as GST data, credit bureau checks, and account aggregator networks to verify borrowers and assess their creditworthiness in real time.
The company said the new loan product is backed by advanced data analytics and a risk-first approach. It is aimed at supporting credit-ready MSMEs in Tier 1, Tier 2, and Tier 3 cities, covering sectors such as retail, manufacturing, services, and trading.
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Arvind Kapil, Managing Director and CEO of Poonawalla Fincorp, said, “MSMEs are the backbone of India’s economy and will play a central role in driving credit growth over the next decade. With Business Loan 24/7, we are making it easier for high-quality borrowers to access funds without compromising on risk standards.”
This move follows the company’s earlier success with a similar digital lending platform for salaried professionals. Poonawalla Fincorp plans to scale the MSME loan offering gradually while maintaining a balanced and responsible lending strategy.
Business Loan 24/7 is part of the company’s larger goal of using technology to build scalable and accessible lending platforms that serve India’s evolving credit needs.
Disclaimer: This post is for general informational purposes only. It does not constitute financial advice. Please consult a qualified professional before making financial decisions.
