Business Loan in Gurgaon

Gurgaon, often referred to as the "Cyber City of India'', is located in Haryana and falls in the National Capital Region of India. It has the 3rd highest per capita income in the nation and is growing rapidly in the industrial and financial sectors. Right from large multinational companies to MSMEs, Gurgaon is home to a large number of offices. The increasing number of enterprises in the city often affect small-scale business owners to acquire financial support to run their businesses.

Be it business expansion, building a new office, or travelling due to work purposes, the increasing rates of products and services in Gurgaon can tighten your pockets. Therefore, applying for a business loan can be the best option to meet your goals. A business loan can help bear the expenses incurred towards your ongoing business’s expansion, recruitment, and operations.

Here are some details you should know before proceeding to buy a business loan in Gurgaon:

Want to know more?

Features and Benefits:

Given are some of the prominent features and benefits offered when buying a business loan in Gurgaon:

  1. Quick and hassle-free application process
  2. Keeping in mind the customer’s valuable time and convenience, Piramal Capital Housing Finance has launched the “Quick Apply” button on its page through which the clients can get their business loans sanctioned very easily in less time with minimal documentation requirements.

  3. Loans of up to INR 25 Lakhs
  4. With PCHF, you can apply for high loan amounts up to INR 25 Lakhs that would be the best for expanding your grocery store or all-in-one store businesses located in Gurgaon. You can even increase your eligibility and loan amounts by taking a comprehensive assessment.

  5. Desirable interest rates
  6. Gurgaon is known for its diversity and is home to people from all backgrounds. So whether you are salaried or self-employed, an attractive interest rate of 12..5% and above is offered when opting for a business loan in Gurgaon.

  7. Online account management
  8. For the people of fast-paced Gurgaon, the facility of online loan purchase is a boon. Clients can access their personal portals online to check for each and every detail regarding their business loan.

  9. Flexibility with collaterals
  10. A major benefit of getting a business loan is that you get a wide range of collateral and different types of properties to choose from on which your loan can be funded.

Criteria for purchasing a business loan in Gurgaon

Here’s a set of criteria that the individual needs to fulfil to be eligible for the loan:

Salaried Self-employed
Age 21 years to 62 years or 70 years (in the case of government employees) Age 23 years to 70 years
Employment type: Individuals working in government institutions, private and public sectors, partnership firms, NGOs, and MNCs can apply. Employment Type Individuals working as Doctors, architects, CA, business owners, etc., can apply.
Documents required:
  • ID proof
  • ITR receipts for the past two years
  • KYC documents
  • A copy of Form 16
  • Salary slips and Bank statements
  • Papers of property kept as collateral.
Documents required:
  • ID proof
  • ITR receipts for the past two years
  • KYC documents
  • A copy of Form 16
  • Bank statements of at least six months
  • Papers of property kept as collateral

Conclusion

Owning a business in Gurgaon, which has the highest growth potential, can give you many financial benefits in the future. Understanding your capital needs and expanding it by applying for a business loan in Gurgaon can prove to be a booster for your business. Don’t let your financial condition limit your much-deserved achievements at any cost, and apply for a business loan today!