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Business Loan in Hyderabad

Are you looking for a business loan in Hyderabad? Piramal Finance can help you by partnering and become part of your growth story.

Hyderabad is one of India’s most important economic hubs. Its rapidly growing industries are the automobile & auto parts industry, poultry farming, textiles & apparel, and bulk drugs & pharmaceuticals. It also boasts of a flourishing Information and Technology (IT) industry. Due to its rapid economic growth, it is the state’s most significant contributor to the gross domestic product (GDP), state tax and excise revenues.

Piramal Finance can help you keep pace with the rapid economic development in Hyderabad, expand your business, and stay ahead of your competitors. With the easy documentation process, eligibility criteria, and fast -hassle-free loan disbursal, our business loans can help you scale up your business.

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Key Features of Business Loans

Home to several major industries and technology, Hyderabad has seen rapid development in the last decade. It is the economic and financial capital of the state of Telangana and has a highly significant number of ambitious entrepreneurs.

We at Piramal Finance understand their requirements for a business loan. We offer the following exciting features & benefits that can prove to be truly valuable:

  • Quick Approval – Our fast approvals and speedy sanctions for business loans help save a lot of time.
  • Higher Loan Amount - You can benefit from our extensive assessment process and enjoy the maximum loan amount.
  • Highly Competitive Rate of Interest – We offer business loans that start at 12.5%rate of interest per annum for both salaried and self-employed individuals.
  • Range of Collaterals - We offer loans across a wide range of collaterals and different types of properties
  • Door Step Service – Our unique doorstep service allows you to get a loan from the comfort of your home or office.

Eligibility Criteria

To apply for a business loan, you need to meet a few required eligibility criteria, which vary for salaried and self-employed individuals.

A. Following are the criteria for eligibility for Salaried Individuals-

  • Age:
  • 21 years - 70 years (For a government employee)
    21 years - 62 years (For private company employees)

  • Employment: Working in any Govt. organization, PSU, Pvt Sector, Multi-National Co. Partnership Firm and/or LLP, Proprietorship Concern (Individual or HUF) and organizations run by Trust, NGO, and Society etc.
  • List of Documents Required:
    • Voter Card
    • Passport
    • Driving License
    • Aadhaar Card
    • Job card (NREGA)
    • Utility bills (Telephone/Electricity Bill)
    • Letter from National Population Register containing photo/name and address
    • KYC documents
    • Last three months’ salary slips
    • Income tax returns for the past two years/Form 16
    • Bank statements of the previous six months
    • Documentation related to your collateral property

B. Following are the criteria for Self-employed Individuals-

  • Age: 23 - 70 years
  • Employment:
  • Self Employed Professionals - Doctor, CA or Architect.

    Self Employed Non-Professionals - Business Owners, Proprietorship, Partners with Partnership Firm and Promoter/Director of Pvt/Public Ltd companies.

  • List of Documents Required:
    • Voter Card
    • Passport
    • Driving License
    • Aadhaar Card
    • Utility bills (Telephone/Electricity Bill)
    • KYC documents
    • Income tax returns for the past two years with computation
    • Bank statements of the previous six months
    • CA audited financials and records for your collateral.

Apply Online

You can easily apply for a business loan with Piramal Finance by completing these four easy steps:

Step 1: Visit the website of Piramal Finance.

Step 2: Choose the option "Quick Apply".

Step 3: Fill up your details - Name, contact no, email, loan amount, and current location.

Step 4: After filling in all these details, click on Submit.

Whatever be your business needs, Piramal Finance, with its hassle-free business loan, can help you. Apply with us today.

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