Ahmedabad is one of India's leading business hubs and provides a number of advantages to entrepreneurs setting up businesses in the city. With its low cost of living, excellent infrastructure facilities, and access to skilled labor pools, Ahmedabad has become an attractive destination for entrepreneurs.

Launching a business in Ahmedabad can be demanding, particularly concerning capital. Many entrepreneurs find it difficult to obtain the necessary funds for launching or expanding their operations. With a business loan in Ahmedabad, you are able to surpass this hurdle and give your venture the chance it deserves!

Are you ready to reach the next level with your small business? Piramal Finance is right here to help with our well-respected Business Loans in Ahmedabad! Our tailored solutions are designed specifically for you, including machinery loans, unsecured working capital loans, and capital and term loan choices. With our knowledgeable team at your side, we'll provide all of the support required for rapid development and success - so don't miss this incredible opportunity today!

Features and Benefits of Business Loans in Ahmedabad

Quick Online Processing

When you apply for a startup business loan in Ahmedabad, we understand that you need the money as soon as possible. We can provide a small business loan in a matter of days. As a result, you can start or expand your business without worrying about a lack of funds.

Zero Collateral

The collateral-free small business loan in Ahmedabad is a key differentiator and a significant advantage of our business financing. Taking advantage of it is quick and less risky because it is an unsecured service. You do not need to mortgage any of your personal or corporate assets to obtain financing.

High Loan Limit

A suitable amount of money is needed to cover business expenses and working capital. Access to money up to 10 Lakh to cover any expense associated with your business without sacrificing quality is one of the main benefits you receive from our Business Loan.

Long Repayment Tenure

Loan EMIs shouldn't ever strain your business's working cash holdings or revenue. This is not a concern with our business loan because you can select an adjustable length of up to 60 months. Based on your company's cash flow, this enables you to organize your payback in the best possible way.

Eligibility Criteria for Business Loans in Ahmedabad

While applying for a business loan, there are a few required eligibility criteria that you have to meet. The eligibility criteria vary for salaried and self-employed individuals.

CriteriaSalaried IndividualsSelf-Employed Individuals
If you are a salaried individual, you should be at least 21 years of age to apply for a business loan. As a government employee, you can apply for a business loan till you are 70 years old. You can only apply till 62 years of age if you work for a private company.
As a self-employed individual, you must be at least 23 and a maximum of 70 years of age.
To meet the eligibility criteria, you will have to work at a government institution, a public sector undertaking company, partnership firms such as an LLC, public companies such as private limited companies or limited companies, proprietorship concerns such as an individual proprietorship or HUF, MNC, and institutions run by NGOs, societies, and trusts.
You will be considered a self-employed professional if you are a CA, qualified doctor, or architect. If you are a business owner, partner at a partnership firm, company director, or involved in a proprietorship, you will be considered a self-employed non-professional. However, directors of listed companies will be deemed to be salaried applicants.
Ensure you keep two of your documents ready, including KYC documents, and ITR for the previous two years with computation, bank statements for the last six months, and documentation related to your collateral property.
You have to submit your KYC documents, bank statement for the past six months, ITR for the past two years with computation, CA audited financials, and documents for your collateral.

Interest Rates and Charges

Piramal Finance is one of the best-unsecured business loan providers in Ahmedabad that offer business loans with interest rates starting at 17% p.a. for loans up to Rs. 10 Lakh that can be repaid over a maximum of 60 months. The borrowers are not obliged to provide any security or collateral for the unsecured business loans made available by the financial institutions.

What is the Objective of Taking a Business Loan?

Short term loan

A term loan has a predetermined repayment schedule that must be followed. The term 'short-term loans' refers to term loans with a tenure of fewer than 12 months.

Equity funding

Equity financing usually involves issuing additional shares in return for a cash investment. The investor purchases a stake in your business in exchange for the required funds. This implies that the investor will benefit from your company's success.

Credit line

A line of credit (LOC) is a predetermined borrowing amount that may be accessed whenever necessary. Until the cap is reached, the borrower can withdraw money as needed. When a credit line opens, money can be borrowed more as it is repaid.

Asset finance

Asset financing is the practice of borrowing money or receiving a loan using assets listed on a balance sheet, such as inventory, trade receivables, and short-term investments. Piramal Finance necessitates a security lien on the assets, which the firm borrowing the money must deliver.

Loan on accounts receivable

With the help of accounts receivable financing, businesses can get paid early for their unpaid invoices. When using accounts receivable finance, a business agrees to prepay part or all of its outstanding invoices in exchange for a fee from the funder.

How to Apply For MSME/Business Loan in Ahmedabad?

Here is a step-by-step guide to applying for MSME loans in Ahmedabad. With Piramal Finance, you are an inch away from getting your MSME loan.

Step 1:

Go to the Piramal Finance business loan Ahmedabad page. Read the features and eligibility criteria, and start the application process.

Step 2:

Click on Apply Now

Step 3:

Fill in the required Personal details such as Name, Contact Number, Birth Year, and Business Loan Amount.

Step 4:

Choose the employment type 'Salaried' OR 'Self-Employed'

Step 5:

Add your monthly income

Step 6:

Select the State and branch (enter the branch by city) and Submit the business loan application form.  

Step 7:

Wait for a call from the official representative to move ahead with the processes.

After completing all the steps, like scanning, uploading the required documents, and paying the processing fees, wait until your business loan application is approved.

In Short

Ahmedabad is an ideal setting for businesses of all sizes, offering entrepreneurs a variety of opportunities. With its vibrant culture, world-class infrastructure, and diverse business ecosystem, Ahmedabad has become the preferred destination for businesses from different industries to set up base. With Piramal Finance's business loan facility in Ahmedabad, local businesses can secure quick and affordable financing with minimal paperwork or hassle. With flexible repayment terms and competitive interest rates of up to 17%, entrepreneurs can make their dreams a reality!

Nearest Branches of Piramal Finance where you can visit and apply for a Business loan in Ahmedabad

CG Road
The CG Road branch of Piramal Finance is spread at offices no. 208 & 212 on the 2nd floor of Turquoise. You can take a bus or auto-rickshaw from any part of Ahmedabad to reach here. You can apply for a business loan on CG Road without any hassles.
Nava Naroda
The Nava Naroda Piramal Finance branch is office 307 on the 3rd Floor, Sahitya Arcade. The best way to get here is to take public transportation. Getting a business loan in Nava Naroda branch is easy, and the loan terms are very reasonable.
The Mehsana branch of Piramal Finance is located at Avon Complex, on the 2nd floor. The branch is easily accessible by local buses and trains from different parts of the city. They offer easy business loan assistance to those who are looking for a business loan in Mehsana.

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Frequently asked questions

How to reduce repayment liability?
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Is a business loan in Ahmedabad risky?
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How long does it take to disburse the business loan in Ahmedabad?
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How is my business loan eligibility counted in Ahmedabad?
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What are the purposes for which I can get a business loan via Piramal Finance in Ahmedabad?
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Why should I avail of a business loan in Ahmedabad via Piramal Finance?
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Are there any charges other than the interest rate that I have to pay to avail of the loan in Ahmedabad?
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Do I need collateral to apply for a business loan in Ahmedabad?
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What is the minimum income requirement to get a business Loan in Ahmedabad?
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