Business Loan with Flexible EMIs
We understand the need for a business loan among
Bharat's customers & offer unsecured
business loans from 3 to 20 lakhs.
We understand the need for a business loan among Bharat's customers & offer unsecured business loans from 3 to 20 lakhs.
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- Already Applied?
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Business Loan offerings by Piramal Capital & Housing Finance Ltd. (Piramal Finance)
Key Features
Loan amount
{blamount}
Loan tenure up to
{bltenure}
Interest rates starting at
12.6%* p.a
For detailed fees and charges Click here *T&C apply
Who Can Apply?
The eligibility criteria mainly depends on your employment. Calculate the EMI & check your eligibility.
Documents Required
For a Business Loan we require certain documents based on profession / occupation of applicant.
Whatsapp me this document list
KYC Documents
Proof of Identity & Address
Income Documents
Proof of Income
- ITR for the previous two years, with computation
- CA audited financials wherever applicable
- 6 months primary bank statement
Co-applicants
- Co-applicant is mandatory. Additionally, Woman co-applicant is mandatory in certain cases
- Co-applicant can be spouse or any first blood relative like parents, siblings, children who have attained age of maturity (s.t income-ownership grid)
- All co-owners of property should be on loan structure
- Friends cannot be co-applicants (allowed only if they are coming in the capacity of Partners / Directors / Shareholder)
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Fees & Charges for Business Loan
Fees & Charges for Business Loan
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Row 1
- Features & Fees
- Details
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Row 2
- Interest Rates
- {blinterestrate}* p.a. onwards
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Row 3
- Loan Amount
- ₹ 3,00,000 to ₹ 20,00,000
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Row 4
- Processing Fees
- Upto 5% of loan amount + applicable taxes
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Row 5
- Loan Tenure
- 48 months tenure
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Row 6
- Part Pre-Payment of Business Loan
- 5% of the amount being prepaid + applicable taxes (Part pre-payment charges are not applicable in case of UBL-Flexi for part pre-payment of up to 30% of disbursed amount. For part pre-payment above 30% of the disbursed amount part pre-payment charges would apply as mentioned)
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Row 7
- Business Loan Pre-Closure Charges
- 5% of outstanding loan amount + Applicable taxes
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Row 8
- Stamp Duty
- At actuals + Applicable taxes
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Row 9
- Cash/ Overdue EMI/ PEMII collection Charges
- ₹ 500 + applicable taxes
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Row 10
- EMI Date Change
- ₹ 1000 + applicable taxes
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Row 11
- Loan Repayment Instrument Dishonor Charges
- ₹ 750
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Row 12
- Loan cancellation after disbursal/ cheque handover
- ₹ 3,000 + Interest accured & due + Applicable taxes
Our Happy Customers
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Perks of Getting a Business Loan from Piramal Finance
Business loans from Piramal Finance will assist you in revamping your business plans and strategies to align them toward the path to success in this competitive business world. Here are a few of the many perks of getting a business loan from us:
Streamlined Cash Flow
Piramal Finance business loans boost your gateway of opportunities you then have time and funds required to streamline your business cash flow.
With an investment that doesn't demand a cut of your profits but allows flexibility with instalment payback, our business loan will help you maintain the balance between the firm capital fund and business fund
Quick Processing
Quick processing implies quick credit for your enterprise, enabling you to get the most out of every new business opportunity, whenever available. With quick access to business loans, you can boost your operations, expand marketing abilities, and eventually multiply profit margins.
Boost Your Credit Score
We report loan accounts to all credit bureaus this will boost your business credit score. If unpredicted market conditions have recently affected your company’s credit score, it’s the ideal time to make things right.
A loan for different customers
This loan is not limited to any group of customers or professionals. Be it self-employed professionals or future business tycoons, or self-employed non-professionals, everyone can avail of new business loans without any hassle. If you have a business vintage of a minimum of 4 years, you are all set to kickstart your business loan application.
Hassle-free business loan
At Piramal Finance, we guarantee a quick and easy loan application process, so you won't have to rush from office to office to understand the terms and conditions. We provide online business loans, The entire process will take place without you having to take a single day off Our professional team of trained employees will provide assistance at your doorstep, and help you every step of the way. So plan, apply, and relax, we got your back!
Avail the maximum possible benefit
Piramal Finance provides you with the maximum possible benefit with minimum formalities and eligibility We have tried to make the process as simple as possible for you. Our aim is for you to avail the amount needed for your business plan.
Your comfort, our priority!
We not only pay heed to creating advantageous loan deals for you, we also respect your time and comfort. This is why we make sure none of our customers need take the effort to visit our offices in person. We also offer doorstep services so you can complete the application process without taking a vacation from work or giving up any of your valuable home time.
More Business Loan Products
Loan Against Property
If you are a growing business and often face cash flow issues, you can use our Loan Against Property to resolve these Issues
Loan up to
{lapamount}
Loan tenure up to
15 years
Working Capital Secured Business Loan
Don't let the lack of funds come in the way of business success. Leverage your passive assets such as residential
Loan up to
{wcsblamount}
Loan tenure up to
{wcsbltenure}
Types of Business Loan
Short Term Loans
Short term loan offers you access to a relatively small amount of capital for a brief period, making them ideal for addressing immediate financial needs with quicker repayment schedules.
Term Loan
Term loan provides a fixed amount of money, repaid over a specified period through regular installments. It is commonly used for business expansion or capital investments.
Startup Business Loans
The loan provides funding to new and emerging companies, helping them cover initial expenses, invest in growth, and establish their presence in the market.
Supply Chain Finance
Supply Chain Finance ensures smooth operations and reduces working capital constraints, benefiting buyers and suppliers.
Shop Loan
Shop loan is designed to assist retail shops in managing expenses, restocking inventory, or making necessary upgrades to the storefronts.
Inventory Financing
It helps businesses purchase or manage the inventory. It provides capital to acquire goods for sale, maintain stock levels, and meet customer demand.
Loan for Restaurant
Restaurant loan provides funding for your various restaurant-related expenses, such as opening a new establishment, purchasing equipment, or covering working capital needs.
Medical Equipment Loan
Medical equipment loan helps healthcare providers and organisations to acquire essential medical devices and equipment without a substantial upfront cost.
Business Loan for Doctors
It provides medical practitioners with capital to expand the practices, invest in equipment, hire staff, or cover operational expenses to enhance patient care.
Self-employed Loan
It offers financial assistance to independent entrepreneurs and freelancers, enabling them to invest in the businesses, cover expenses, or seize growth.
MSME Loan / SME Loan
Micro, Small & Medium Enterprises loan is designed to provide small and medium size businesses with the necessary capital for growth and expansion.
Get a Quick Business Loan from the Nearest Piramal Finance Branch
Business Loan in
Frequently asked questions
When do I need to take a business loan?
You can qualify for a business loan if you meet the following basic criteria:
- You must be an Indian citizen residing in the country
- Your business or organization should be at least 3 years old
- You’ll have to submit your Income Tax Return for the last two or three years.
- Your CIBIL score must be 750 or higher (for reasonable interest rates)
- Your age must be between 24 to 72 years.
Business loans offer funds to company owners in the form of a one-time lump sum or line of credit. Your company promises to repay the funds it lends over time, together with fees and interest in return for this financing. Here is the process for getting a business loan:
- Determine the various types of business loans available
- Decide the lending institution and the application mode.
- Check your credit score and ensure its above 750 to get affordable interest rates
- Outline a proper business plan and strategy with documentation
- Prepare all supporting documents like ITR, business address proof, etc.
- Evaluate the EMI and see if it's affordable.
- To get funds for business diversification or expansion
- To grow your working capital reserves
- To buy and stock inventory
- To capitalize on profitable business opportunities
- To buy new software, equipment, or machinery
- To hire a fresh batch of workforce
- To consolidate business debts with high-interest rates
- To enhance your current business infrastructure
To apply for a business loan from us, follow these steps:
- Go to our application form and fill out the details.
- Submit all your Income and KYC documents.
- Wait till the application gets processed for verification.
- If the eligibility criteria is fulfilled, your loan will be approved in a matter of minutes.
- Next, the loan amount gets disbursed and credited to your bank account.
That’s how convenient, fast, hassle-free, and seamless it is to get a business loan from us.