Delhi is India’s largest commercial and financial hub. It has the highest number of start-ups and a large pool of skilled workers. It also offers ample opportunities in the real estate, retail, IT, hospitality, healthcare, and finance sectors. Delhi enjoys excellent connectivity with other major cities like Mumbai, Kolkata, and Bangalore, making it easy for businesses to expand their reach across India. Moreover, its strategic location makes it an ideal base for international trade activities as well.

Starting a business in Delhi requires access to funds to help you kickstart your venture. Business loans can provide the liquidity needed at every stage of your business lifecycle – capital equipment purchase, working capital, or expansion.

Piramal Finance is here to help small businesses reach their fullest potential with our business loans. Our secure Business Loans in Delhi are tailored to small companies' needs, offering various options such as machinery, unsecured working capital, capital, and term loans. With us by your side, you can be sure that all essential requirements will be met for maximum growth and success!

Features and Benefits of Business Loans in Delhi

Quick Online Processing

When you apply for a startup business loan in Delhi, we understand that you need the money as soon as possible. We can provide a small business loan in a matter of days. As a result, you can start or expand your business without worrying about a lack of funds.

Zero Collateral

The collateral-free small business loan in Delhi is a key differentiator and a significant advantage of our business financing. Taking advantage of it is quick and less risky because it is an unsecured service. To obtain financing, you do not need to mortgage any of your personal or corporate assets.

High Loan Limit

A suitable amount of money is needed to cover business expenses and working capital. Access to money up to 10 Lakh to cover any expense associated with your business without sacrificing quality is one of the main benefits you receive from our Business Loan.

Long Repayment Tenure

Loan EMIs shouldn’t ever strain your business’s working cash holdings or revenue. This is not a concern with our business loan because you can select an adjustable length of up to 60 months. Based on your company’s cash flow, this enables you to organize your payback in the best possible way.

Eligibility Criteria for Business Loans in Delhi

While applying for a business loan, there are a few required eligibility criteria that you have to meet. The eligibility criteria vary for salaried and self-employed individuals.

CriteriaSalaried IndividualsSelf-Employed Individuals
If you are a salaried individual, you should be at least 21 years of age to apply for a business loan. As a government employee, you can apply for a business loan till you are 70 years old. You can only apply till 62 years of age if you work at a private company.
As a self-employed individual, you have to be a minimum of 23 and a maximum of 70 years of age.
To meet the eligibility criteria, you will have to work at a government institution, a public sector undertaking company, partnership firms such as an LLC, public companies such as private limited companies or limited companies, proprietorship concerns such as an individual proprietorship or HUF, MNC, and institutions run by NGOs, societies, and trusts.
If you are a CA, qualified doctor, or architect, you will be considered a self-employed professional. If you are a business owner, partner at a partnership firm, director of a company, or involved in a proprietorship, you will be considered a self-employed non-professional. However, directors of listed companies will be deemed as salaried applicants.
Make sure you keep two of your documents ready, including KYC documents, income tax returns for the past 2 years, Form 16, salary slips, bank statements of the last six months, and documentation related to your collateral property.
You have to submit your Form 16, KYC documents, bank statement for the past six months, ITR for the past two years with computation, CA audited financials, and documents for your collateral.

Interest Rates and Charges

Piramal Finance is one of the best-unsecured business loan providers in Delhi that offer business loans with interest rates starting at 17% p.a. for loans up to Rs. 10 Lakh that can be repaid over a maximum of 60 months. The borrowers are not obliged to provide any security or collateral for the unsecured business loans made available by the financial institutions.

What is the Objective of Taking a Business Loan?

Short term loan

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.

Equity funding

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.

Credit line

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 finance

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.

Loan on accounts receivable

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.

How to Apply For MSME/Business Loan in Delhi?

Here is a step-by-step guide to applying for MSME loans in Delhi. With Piramal Finance, you are an inch away from getting your MSME loan.

Step 1:

Go to the Piramal Finance business loan Delhi page. Read the features and eligibility criteria, and start the application process.

Step 2:

Click on Apply Now

Step 3:

Fill in the required Personal details such as Name, Contact Number, Birth Year, and Business Loan Amount.

Step 4:

Choose the employment type 'Salaried' OR 'Self-Employed'

Step 5:

Add your monthly income

Step 6:

Select the State and branch (enter the branch by city) and Submit the business loan application form.  

Step 7:

Wait for a call from the official representative to move ahead with the processes.

After completing all the steps, like scanning, uploading the required documents, and paying the processing fees, wait until your business loan application is approved.

In Short

Delhi is a great place to do business in India because of its strategic location and its vast economic opportunities. Delhi offers easy access to financial resources such as business loans, equity funding, credit lines, asset finance, and loans on accounts receivable. With Piramal Finance, you can get an unsecured Business loan up to Rs. 10 Lakh with attractive interest rates and flexible repayment tenure. So, take advantage of this opportunity and grow your business in Delhi today!

Nearest Branches of Piramal Finance where you can visit and apply for a Business loan in Delhi

Shahadara (Dilshad Garden)
The Shahadara (Dilshad Garden) is situated at Unit No. 107, Aggarwal Metro Mall, on the 1st floor. To reach here, you can take the Metro to Dilshad Garden Station. They also offer easy loan assistance to those who are looking for a business loan in Shahadara.
The Kalkaji branch of Piramal Finance is located at D - 583, Chittaranjan Park, on the ground floor. You can take the nearest metro line at Kalkaji Mandir and get off at Chittaranjan Park Station to get here. Applying for a business loan in Kalkaji application process is simple and convenient.
Jhandenwalan Extension
The Jhandenwalan branch of Piramal Finance is located at 2E/22, Jhandenwalan Extension. To get here, you can take the metro to Jhandenwalan Metro Station and then take an auto-rickshaw. Applying for business loans in Jhandenwalan Extension is simple and hassle-free.
The Narela branch of Piramal Finance is located at plot no-1 & 2- unit no. 303, 357, 358, & 359 on the 3d floor. An easy and quick way to reach the branch is by taking a shared auto or cab from GTB Nagar metro station. Getting a business loan in Narela is simple and hassle-free.
Pitampura (Regional Office)
The Pitampura (Regional Office) of the Piramal Finance is located at unit no- unit No. 001 & 009, ground floor, unit no. 101, 103 & 114, 1st floor, & unit no. 400, 4th floor. You can use public transport to reach the office as it is situated in an easily accessible location. Also, applying for a business loan in Pitampura at this branch is a great option

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Frequently asked questions

How to reduce repayment liability?
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Is a business loan in Delhi risky?
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How is my business loan eligibility counted in Delhi?
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What are the purposes for which I can get a business loan via Piramal Finance in Delhi?
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Are there any charges other than the interest rate that I have to pay to avail of the loan in Delhi?
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Do I need collateral to apply for a business loan in Delhi?
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What is the minimum income requirement to get a business Loan in Delhi?
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