Make sure your business has all the fuel it needs to grow with our Business Loan. Whether it is funding for expanding business, installing new machinery, stocking up inventory, paying suppliers, covering running expenses or any other business purpose , our Business Loan gives you the flexibility of availing a loan without requirement of any collateral!
We offer our Business Loan without Collaterals up to ₹ 10 lakh, perfect for small businesses to tide over any cash crunch they may face.
A dedicated relationship manager will guide you through the formalities to make sure that you get the best deal and that the processes don't take too much of your valuable time. To make the process smoother for business owners like you, we offer doorstep services and hassle-free documentation.
|Self Employed||Interest Rates starting from 17%* p.a|
|Fees & Charges|
|Fees & Other Charges as applicable on application/ during the term of Loan are as under. These are subject to modifications from time to time as decided by Lender as per its internal policy and any such modification shall be notified by the Lender through its website or its branches or such other medium as Lender may consider appropriate|
|Schedule of Fees & Other Charges||Details|
|Processing Fees||Processing Fees upto 4 % of Loan amount + applicable taxes (payable before disbursement of Loan)|
|Default Interest||2% p.m. on default of PEMII/EMI from the date of default till the date of actual payment|
|Prepayment charges||5% of Principal amount being repaid + applicable taxes|
|Part Payment Charges||5% of Principal amount being repaid + applicable taxes|
|Cheque Bounce Charges||₹ 500/- + applicable taxes|
|Collection pickup charges||Rs. 250 per visit + applicable taxes|
|Any Legal cost/charges||At actuals + applicable taxes|
|Recovery related charges||At actuals + applicable taxes|
|Stamp duty charges||At actuals + applicable taxes|
|Statutory Charges||At actuals + applicable taxes|
|Loan Repayment Schedule (only applicable for physical copy of statement)||₹ 500/- + applicable taxes|
|Change of Loan repayment mode||₹ 500/- + applicable taxes|
|Duplicate No due Certificate issuance charges (only applicable for physical copy of statement)||₹ 500/- + applicable taxes|
|Statement of Account (only applicable for physical copy of statement)||₹ 500 + applicable taxes|
|Cash collection charges||1% of collection amount of Rs.50000 and above in cash + applicable GST|
|Charges for Copy of any Document||₹ 500/- + applicable taxes|
Avail Piramal Finance quality service and business loan instantly in the top commercial and metropolitan cities of India to meet the needs of your growing business.