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.
In most cases, equity financing involves issuing additional shares in return for a cash investment. The investor purchases a stake in your business in exchange for the funds it requires. This implies that the investor will gain from your company’s success.
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 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.
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.
Go to the Piramal Finance business loan Delhi page. Read the features and eligibility criteria, and start the application process.
Click on Apply Now
Fill in the required Personal details such as Name, Contact Number, Birth Year, and Business Loan Amount.
Choose the employment type 'Salaried' OR 'Self-Employed'
Add your monthly income
Select the State and branch (enter the branch by city) and Submit the business loan application form.
Wait for a call from the official representative to move ahead with the processes.
To reduce repayment liability for a business loan in Delhi, try the following:
The fact that an unsecured business loan in Delhi involves no collateral means there’s a risk for both the loan provider and the borrower. The loan provider will charge higher interest rates to cover up the risk. Since you have no collateral, failure to repay can put your business at great reputational risk and financial loss.
We at Piramal Finance disburse the small business loan in Delhi within 24 hours of its approval. Our quick and instant disbursal makes us the leading choice for business loans in Delhi.
Several factors contribute to your eligibility for a business loan in Delhi. These factors or parameters include your credit utilization ratio, bank balance, tax payment record, CIBIL score, and more.
You can get a business loan in Delhi via Piramal Finance for various purposes, such as:
From attractive interest rates and flexible tenure to no collateral requirement and quick disbursal, there are many reasons why you should opt for a business loan in Delhi via Piramal Finance.
Yes, there are charges other than interest rates to pay to avail of the loan in Delhi. These are processing charges, prepayment charges, foreclosure charges, and many more, depending on the business loan provider in Delhi.
No, you won't need any collateral to apply for an unsecured business loan in Delhi. All you have to do is fill out the business loan application online, submit the required documents, and wait for approval.
To get a business loan in Delhi, a business must have a minimum income of INR 2,00,000 per annum.