Hyderabad is an expanding economic centre in India and offers several benefits for individuals wishing to launch a business. It is simple to go there from anywhere in the nation because to its close proximity to important IT hubs like Bengaluru, Chennai, and Mumbai. With convenient transportation options, up-to-date office premises, and other necessary services, the city also provides outstanding infrastructure support.

However, starting a business in Hyderabad also requires capital. Many entrepreneurs have difficulty getting access to the financial resources needed to start or expand their operations. A business loan in Hyderabad can help you overcome this obstacle and give your venture the boost it needs to get off the ground.

Ready to take your small business to the next level? Piramal Finance is here to help with our trusted Business Loans in Hyderabad! Our comprehensive solutions are tailored precisely for you, including machinery loans, unsecured working capital loans, and capital and term loan options. With our experienced team by your side, we'll arm you with all of the tools needed for speedy growth and success - so don't miss out on this opportunity today!

Features and Benefits of Business Loans in Hyderabad

Quick Online Processing

When you apply for a startup business loan in Hyderabad, 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 Hyderabad 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 Hyderabad

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 utill you are 70 years old. You can only apply till 62 years of age if you work for 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 Hyderabad that offer business loans with interest rates starting at 12.99*% 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 your business 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 Hyderabad?

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

Step 1:

Go to the Piramal Finance business loan Hyderabad 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

Hyderabad is one of the most attractive business destinations in India due to its steady economy, easy access to capital, and the presence of a large pool of talent. With Piramal Finance’s business loan facility in Hyderabad, local businesses can secure quick and affordable financing with minimal paperwork or hassle. With flexible repayment terms and competitive interest rates of up to 12.99% p.a., entrepreneurs can make their dreams a reality!

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

The Piramal Financial branch in Attapur can be found on the third floor of the Suraj Trade Centre, at D.No. 4-8-138/1/2 in Block No. 4-8. Local trains and buses from several locations across the city have easy access to the branch. For individuals seeking business loans in Attapur, we also provide simple loan aid.
The Mancherial Town branch is located at Garimella on the 1st floor. If you want to get here, you can take a bus or taxi to Mancherial Town. Obtaining a business loan in Mancherial Town is effortless and stress-free.
Hyderabad CPU Ameerpet
The Hyderabad CPU branch of Piramal Finance is located at no 7/1/615, 616 & 617/A, Imperial Tower. To get here, you can take the Blue Line from anywhere in Hyderabad to Ameerpet Metro Station and then walk for about 5 minutes to reach the branch. Applying for a business loan in Ameerpet branch is always smooth and efficient, making it the best place to take a loan from.
Hyderabad Main
The Hyderabad Main branch of Piramal Finance is located at Mahavir Lok, flat No. 201 & 202 on the 2nd floor. An easy way to reach this branch is by taking the metro, alighting at Mehdipatnam, and then taking an auto or a cab to Mahavir Lok. Apply for a business loan in Hyderabad Main branch of Piramal Finance and get the best deals on loan products.
The Piramal Financial branch in Kamareddy is located on the second floor of the Vivekananda Colony at D.No.5-5-42. The branch is conveniently accessible by local trains and buses from a number of sites throughout the city. For individuals seeking business loans in Kamareddy, they also provide simple loan aid.

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Frequently asked questions

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