Business Loan in Pune

Pune is popularly known as India’s second-largest IT hub and a hub for automobiles and manufacturing processes. Expanding a business in Pune can bring great benefits. If you have been looking for a business loan in Pune to scale your business, here is how you can go ahead.

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Features of a Business Loan

When it comes to availing a business loan, make sure that you check all of its available features as they can be beneficial. Here are some of the main features of a business loan at Piramal Capital and Housing Finance.

  1. Fast Approval
  2. A key feature of business loans at Piramal Capital and Housing Finance is ensuring that your loan application and the disbursal process happen quickly. Usually, banks delay the application and the verification processes leading to delays in business plans and agendas.

  3. Wide Range of Collaterals
  4. You have the option to avail of loans across a wide variety of collaterals, including several types of properties, without any restrictions.

  5. Convenient Application Process
  6. You can apply for a loan from the comfort of your home or workspace and are not required to travel to the bank or lending institution.

  7. Competitive Interest Rates
  8. With our attractive interest rates starting from 12.5% per annum, both self-employed individuals and salaried individuals can benefit greatly and reduce the overall payment during the loan repayment journey.

  9. Higher Loan Amount
  10. We have an extensive assessment process that allows you to opt for business loans with higher capital. In this case, you can avoid applying for multiple streams of credit in order to meet your business needs.

Eligibility Criteria

Make sure that you meet the following eligibility criteria before applying for a business loan in Pune. This will ensure a smooth application process.

  1. Age
  2. The minimum and maximum age to apply varies depending on the sector of your work.

    Minimum Age for Government Employees: 21 years

    Maximum Age for Government Employees: 70 years

    Minimum Age for Private Company Employees: 21 years

    Maximum Age for Private Company Employees: 62 years

  3. Employment
  4. You should work in any of the following establishments:

  • Multinational corporation
  • Government organization
  • Proprietorship concern
  • LLP
  • Partnership firm
  • PSU
  • Private sector companies
  • Trusts run by NGO or societies.

Self-employed professionals should be doctors, CAs, or architects. Self-employed non-professionals should be proprietorships, partners with partnership firms, business owners, or promoters’ directors of public or private limited companies.

Documents Required

Here is a list of documents required for self-employed individuals and salaried individuals to apply for a business loan in Pune.

Self-Employed Individuals

  • Passport
  • Voter ID
  • Driving License
  • Aadhaar Card
  • Utility bills such as telephone bills, electricity bills, etc.
  • KYC documents
  • Income tax returns for the past two years, along with computation
  • Bank statements of the last six months
  • CA audited financials and records for your collateral.

Salaried Individuals

  • Job card (NREGA)
  • Voter ID
  • Utility bills such as telephone bills, electricity bills, etc.
  • Passport
  • Driving License
  • Aadhaar Card
  • Letter from National Population Register containing photo/name and address
  • KYC documents
  • Last three months’ salary slips
  • Income tax returns for the previous two years/Form 16
  • Bank statements of the last six months
  • Documentation related to your collateral property

How to Apply Online?

You can apply for a business loan in Pune through Piramal Capital and Housing Finance by following these four simple steps.

Step 1: First, you have to visit Piramal Capital and Housing Finance’s website to start your application process.

Step 2: Once you navigate to the website, you have to click on the “Quick Apply” option.

Step 3: After you click on that option, you will be displayed a form where you have to enter your information such as your name, contact information, email ID, the loan amount you require, and your current location.

Step 4: After filling in these details, click on “Submit” to complete your application process.

In a Nutshell

You can apply for a business loan in Pune simply with Piramal Capital and Housing Finance. With PCHF, you can also enjoy benefits such as quick processing, minimal documents, and others. Make sure that you have all the required documents ready to have a fast and hassle-free application process.