Business Loan in Noida

Noida, the short form for New Okhla Industrial Development Authority, is one of the largest planned cities in India. Considered the greenest city of India, Noida came into existence in 1976 and since then, it has been growing day by day to become an economic superpower. With more and more people shifting to Noida every day, this city is flourishing in the sectors of both education and employment. It hosts hundreds of IT companies, 5-star hotels, media houses, MNCs, and other small businesses.

Whether you own a courier service shop, pet supply shop, grocery store, property dealing business, or a food kiosk, expanding and modernizing it according to the needs of Noida will give you good profit. Applying for a business loan would be an ideal decision to manage your business operations, expansions, and other costs. A business loan will also make sure your production and supply increase without hampering your personal funds.

Go ahead and read to know about the features and criteria to buy a business loan in Noida.

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Key features and benefits of buying a business loan in Noida:

  1. Quick Sanctions:
  2. Noida, being a busy city, can be a difficult place for entrepreneurs to roam around and get their loans sanctioned. However, Piramal Capital and Housing Finance offer a quick application and disbursal feature so that you can avail your funds easily in the shortest time possible.

  3. Tailor-made solutions:
  4. Not all Noida residents have the same requirements for their businesses, and that’s why PCHF offers personalized solutions to people buying a business loan in Noida.

  5. Funding up to INR 25 Lakhs:
  6. Whether you are a retailer, entrepreneur, or a small-scale businessman in Noida, coping with inflation and expanding your business might need higher funds. PCHF offers funding up to INR 25 lakhs to provide you with the best business loan in Noida.

  7. A broad range of collaterals :
  8. If you have a passive commercial, residential or industrial property in Noida, you can offer it as collateral and buy a secured business loan in Noida. At PCHF, you get a wide range of collaterals and properties to choose from while availing of a loan.

  9. Easy access through online mode:
  10. For the ease of ambitious businessmen of Noida, features like online purchase and online account management have been launched. Now you can buy a business loan in Noida and access your online account anytime to check for your loan details.

Eligibility criteria to apply for a business loan in Noida:

Age:

Minimum: 21 years
Maximum: 70 years

Employment :

All the self-employed and salaried employees can apply for a business loan in Noida.

Interest rates:

The Piramal Capital and Housing Finance offer an interest rate of 12.5% and above to both the salaried and self-employed individuals of Noida.

Documents required:

  • Identity proof
  • KYC documents
  • ITR receipts
  • Bank statements of the last six months and salary slips.
  • A copy of Form 16
  • Collateral property documents.

How to apply for a business loan?

Follow the below-given steps to apply for a business loan in Noida:

  1. Visit the official website of PCHF and read the features and benefits of business loans.
  2. Next, click on the “Quick Apply” button
  3. Fill in the required details on the page and submit.
  4. Wait for an executive/ company representative’s response to move ahead with the process.

Conclusion

Noida is a rapid-growing Indian township that is one of the best places for all large or small-scale businesses. With increasing competition in this urban city, keeping your business digitally up to date, incorporating modern machinery, and increasing your production will help you go a long way. Purchasing a business loan will make sure you do not face any financial crisis while implementing new techniques into your business.