Piramal Business Loan

Piramal Finance offers unsecured business loans ranging from ₹3 lakh to 20 lakh, designed to support various business needs. These loans come with flexible repayment options and competitive interest rates, starting at 12% per annum. The application process is streamlined, requiring minimal documentation, and aims for quick approval and disbursal. This makes it easier for businesses to access the funds they need promptly. Additionally, Piramal Finance provides specialized loan products, such as MSME loans and working capital loans, to cater to specific business requirements.

Piramal Business Loan Interest Rate, Fees & Charges

Piramal Business Loan Eligibility

To apply for a Piramal Business Loan, you need to meet the following criteria:

1. Age Requirement: Must be at least 21 years old at the time of application and not exceed 65 years when the loan matures.

2. Citizenship: Must be an Indian citizen.

3. Business Eligibility: Should have a minimum annual income of ₹1.5 lakh.
   Must show a credible profit for the past two years.

4. Business Experience: Should have at least three years of experience in running a business.

5. Credit Score: A CIBIL score of 750 or above is required for loan approval.

6. Eligible Business Types: Individuals, Sole proprietorships ,Partnership firms,Limited Liability Partnerships (LLPs),Private Limited Companies

7. Business Turnover: Must maintain a minimum turnover of ₹40 lakh annually.

8. Bank Account: A valid business bank account is mandatory.

9. Financial Documents: Must provide financial statements to demonstrate the ability to repay the loan.

Meeting these criteria ensures a smoother loan approval process and increases the chances of securing the required funding for business growth.

Documents Required For Piramal Business Loan

Types of Business Loans Offered by Piramal Finance

Piramal Finance provides different types of business loans to help entrepreneurs and small businesses grow. Here’s a simple breakdown of the loan options:

1. Business Loan
   • Purpose:To cover general business expenses and support growth.
   • Use:Can be used for inventory, marketing, rent, salaries, or any business-related needs.
2. Business Loan Against Property
   • Purpose: To get funds by using property as security.
   • Use:Ideal for expanding business, buying new equipment, or managing large expenses.
3. Small Business Loan
   • Purpose:Specially designed for small businesses and startups.
   • Use:Helps small business owners get funds for growth, equipment purchase, or working capital
4. Working Capital Loan
   • Purpose:To manage daily business expenses and cash flow.
   • Use:Helps cover short-term costs like salaries, rent, raw materials, and other operational expenses.

Piramal Finance offers quick, hassle-free, and flexible loan options to meet different business needs, ensuring easy access to funds for business success.

Why Apply For a Piramal Business Loan At BigMudra.com

Applying for a Piramal business loan through BigMudra.com is simple, quick, and hassle-free. Here’s why you should choose BigMudra.com:

1. Quick and Easy Process: Complete the application online in just a few steps with minimal paperwork.

2. Fast Approval and Disbursal: Get quick approvals and receive funds in your account without delays.

3. No Collateral Required: Most Piramal loans are unsecured, so you don’t need to pledge any assets.

4. Flexible Loan Amounts: Borrow the exact amount you need for small or large business expenses.

5. Low Interest Rates: Enjoy competitive interest rates for affordable repayments.

6. Support for All Types of Businesses: Whether you’re a small shop owner, startup, or established business, Piramal has solutions for you.

7. Improves Cash Flow: Use the loan to manage daily expenses, buy inventory, or handle unexpected costs.

8. Helps Business Growth: Fund new projects, upgrade equipment, or expand operations.

9. Trusted Platform: BigMudra.com is a reliable and secure platform with transparent processes.

10. Minimal Documentation: Submit only basic documents for a quick and smooth application.

11. Customized Repayment Options: Choose flexible repayment plans that suit your cash flow.

12. Available for MSMEs: Micro, Small, and Medium Enterprises (MSMEs) can easily access loans.

13. 24/7 Customer Support: Get assistance anytime during or after the application process.

Applying for a Piramal business loan at BigMudra.com ensures you get the financial support your business needs quickly and conveniently!

How To Apply For a Piramal Business Loan

Piramal Finance offers quick and easy business loans to help entrepreneurs and small businesses grow. Existing customers who are pre-approved can get instant loans based on their business performance and credit profile. If you are an existing customer, you can visit BigMudra.com to check your eligibility for Piramal pre-approved business loans and apply effortlessly. For new customers, the process is simple:

1. Visit BigMudra.com and fill out the online application form.

2. Submit the required documents (like identity proof, bank statements, and business details).

3. Get quick approval and receive funds directly in your account.

Applying for a Piramal business loan is hassle-free and designed to meet your business needs quickly!

Piramal Business Loan Customer Care Number

1. Helpline Number: you can connect with piramal business loan customer care at their toll free number 1800 266 6444, or you can directly email them at customercare@piramal.com

FAQs

1. What is the loan amount range offered by Piramal Finance?
   Piramal Finance offers business loans ranging from ₹3 lakh to ₹20 lakh, depending on your business needs and eligibility.

2. What is the interest rate for Piramal business loans?
   The interest rate starts at 12% per annum, with competitive rates tailored to your business profile.

3. Is collateral required for a Piramal business loan?
   Most Piramal business loans are unsecured, meaning no collateral is required. However, loans against property require property as security.

4. How long does it take to get a loan approved and disbursed?
   Loans are approved quickly, often within hours, and funds are disbursed promptly after approval.

5. What documents are required to apply for a Piramal business loan?
   You need KYC documents (PAN, Aadhaar), income proof (ITR, bank statements), and business-related documents (financial statements, business proof).

6. Can MSMEs apply for Piramal business loans?
   Yes, Piramal Finance offers specialized loans for Micro, Small, and Medium Enterprises (MSMEs) to support their growth and operational needs.