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Piramal Finance Business Loan
Piramal Finance provides you with a business loan that ranges from INR 3 lakh to INR 10 lakh. The repayment tenure for the same is 36 months.
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Piramal Finance Business Loan
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Piramal Finance Business LoanHere are a few factors
| Location | 50Km from Branch |
| CIBIL Score | 700+ |
| Processing | Online |
| Business Vintage | 2 Year |
| Minimum Turnover | Minimum 25 Lakhs to 10 Cr |
| Loan Amount & Tenure | 1
Lac-15 Lac (12 month to 48 Month) |
| Loan Product | Only Term Loan No OD Limit |
| Rate of Interest & Type | 16.49% - 25%(Reducing) |
| TAT | Sanction-5
Days Disbursement-7 Days |
| Processing Fees | 2.75% |
| Foreclosure Charges | 4% |
| Applicant Type | Individual, Proprietorship Concern, Partnership Firm/LLP/Company |
| Whether Co-Applicant Mandatory | Any Blood Relative if applicant is Individual or Proprietor for others applicable co-applicant |
| Proprietor Age/Co-Applicant Age | 25 Year- 65 Year |
| Part Payment Allowed | No |
| Whether Ownership Proof Required | Yes, Either Office or Residence should be owned. |
| Business Registration Proof Mandatory | Yes |
| Program | Banking upto 12 Lakhs |
| Product for Professionals | No |
| Negative Profile | Minus 1 CIBIL Applicant |
| USP | 1.
Existing Business loan which is to be paid in next 9 month will not be
considered in obligation 2. Bouncing in last 6 month can be considered |
| Additional | Minimum 51% Shareholding required on Loan if applicant is LLP/Partnership firm/Company |
Piramal Finance Business Loan EMI Calculator
Interest Type
Loan Amount
Interest Rate
Loan Tenure
| Loan Amount | ₹100,000 |
| Interest % | 16 % |
| Tenure (months) | 12 |
| Emi (monthly) | ₹ 9,073 |
| Total Interest | ₹ 8,877 |
| Loan Amount + Interest | ₹ 108,877 |
| Year | Total Principal ( A ) | Total Interest ( B ) | Balance ( A + B) | Total Payment | Loan Paid Till Date (%) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ₹ 100,001 | ₹ 8,875 | ₹ 108,876 | ₹ 0 | 100.00 % | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Documents required for Piramal Finance Business Loan
Let’s look into the eligibilities and required Documentation to make your application process even smoother:
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KYC of applicant & Co-Applicant
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Last 3 year ITR with computation of income of applicant & co-applicant
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Last 3 year audited balance sheet of applicant
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Last 3 year Tax audit report of applicant
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Last 12 month Bank Statement of applicant & co-applicant
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26AS of last 2 year of applicant & co-applicant
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Copy of GST registration
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Copy of MSME registration
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Copy of Last 12 month GST return
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Sanction letter of all running loan
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Debt Sheet
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Latest utility Bill of residence if owned or rent agreement if rented
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Latest utility Bill of Office if owned or rent agreement if rented
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2 Reference with contact details
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Last 3 year Debtors & Creditors on letter head
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List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Note : Piramal Finance Business Loan may ask for additional documents based on the applicant’s profile. The above list is for reference purposes only.
Some Important Points
If Applicant is
- Company-MOA, AOA, COI , PAN Card
- Partnership Firm/LLP- Partnership Deed & PAN Card
- Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
- KYC means Adhaar Card, PAN Card, Passport Size Photo
Co-Applicant means in case of
- Company : Directors
- Partnership firm/LLP : Partners
- Proprietorship Firm : Spouse of Proprietor
About Piramal Finance Business Loan
Having the assistance of a business loan can take care of all these concerns, whether it be the urgent requirement for the installation of new machinery or the past-due payment to your suppliers. We are aware of the up and downs in business and the consequent requirement for business financing. For this reason, Piramal Finance provide you with a business loan that ranges from INR 3 lakh to INR 10 lakh. The repayment tenure for the same is 36 months. This could be the best deal for you if you're looking for a small business loan.
Piramal Finance offers Home Loans, Secured & Unsecured Business Loans, Corporate Loans and various other loans, with lower EMIs at great interest rates. It provides both wholesale and retail funding opportunities across sectors. The devoted team of Piramal Finance works with you to complete the paperwork quickly, honestly, and transparently. Simply choose the amount and get in touch with Piramal Finance, so we can ease your burdens.
Key Features of Piramal Housing Business Loan
- Wide range of loan facility: Business loans are available with funding for a variety of properties and collaterals.
- Quick approvals: Utilize our simple procedures and prompt loan disbursal to save time and hassle.
- Higher loan amounts and eligibility: Take advantage of our thorough assessment process to get the highest loan amounts possible. Doorstep facility: Get a loan at your doorstep without leaving your house or place of business.
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
FREQUENTLY ASKED QUESTIONS
When your company is just getting started or even growing, a business loan can be a blessing. You can meet both your immediate and long-term cash needs with the help of the loan amount. Piramal Finance provide loans to help you get through any financial distress.
Piramal Finance, provide business loans to both self-employed and employed individuals as well as professionals. These loans have reasonable interest rates and are also extremely flexible.
You may choose to repay the loan through a post dated check, electronic clearing services, or direct debt collection techniques.
The business loan prepayment charges are 5% of the principal loan amount plus taxes.
Processing Fees of up to 2.75 % of the Loan amount + applicable taxes (payable before disbursement of the Loan) is applicable on the Piramal finance business loan.
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