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Business Loan offerings by Piramal Capital & Housing Finance Ltd. (Piramal Finance)
Key Features
Loan Amount Up To
₹ 2 Crores
Loan Tenure Up To
15 years
Interest Rates Starting At
11.5% p.a
For detailed fees and charges Click here *T&C apply
Who can apply?
The eligibility criteria mainly depends on your employment. Calculate the EMI & check your eligibility.
Calculate EMI & Check eligibility
- EMI Calculator
- Eligibility Calculator
₹
1L2Cr
Years
1Y4Y
%
17%24%
Your business loan EMI is
Principal amount
Interest amount
₹8,00,000
₹-8,00,000
Documents Required
Whatsapp me this document list
For a Loan Against Property we require certain documents based on profession / occupation of applicant.
KYC Documents
Proof of Identity & Address
Mandatory Documents*
PAN card
Document Proof
Submit any one
Identity
Address
AadhaarRecommended
Driving License
Voter's Identity Card
Passport
Utility bills like Telephone Bill / Electricity Bill etc.
Income Documents
Proof of Income
Mandatory Documents*
PAN card
Document Proof
Submit any one
Identity
Address
Last 2 Years ITR With Computation.
CA Audited Financials Where Ever Applicable
6 Months Primary Bank Statement
Co-applicants
Mandatory Documents*
PAN card
Document Proof
Submit any one
Identity
Address
Co-applicant is mandatory. Additionally, Woman co-applicant is mandatory in certain cases
Co-applicant can be spouse or any first blood relative like parents, siblings, children who hav attained age of maturity (s.t income-ownership grid)
All co-owners of property should be on loan structure
Friends cannot be co-applicants (allowed only if they are coming in the capacity of Partners / Directors / Shareholder)
Passport Size photographs
Mandatory Documents*
PAN card
Document Proof
Submit any one
Identity
Address
Whatsapp me this document list
Our Happy Customers
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Why Choose A Loan Against Property From Us
We, at Piramal Finance, are the ideal choice for a loan against property for any business for the following reasons:
Wide Range Of Collaterals
Business Loans funding across a wide range of collaterals and different types of properties
Quick Sanctions
Quick sanctions and smooth processes: You run your business, we will take care of the formalities
Higher Eligibility Maximum Loan
Higher eligibility, maximum loan amount: Our comprehensive assessment allows us to give you the maximum loan possible
More Business Loan Products
Secured Business Loan
If you are a growing business and often face cash flow issues, you can use our Loan Against Property to resolve these...
Key Features
Working Capital Secured Business Loan
Don't let the lack of funds come in the way of business success. Leverage your passive assets such as residential
Key Features
Frequently Asked Questions
What is Loan Against Property?
The loan you take by keeping a self-owned property as collateral is called a Loan Against Property (LAP) or a secured loan. The value of the property determines the amount of loan that can be sanctioned. The property will be owned by the lenders if you are unable to pay the loan.
How does a lender decide the amount given as a Loan Against Property?
Lenders look at your repayment capability and asses your eligibility based on your income, age, employment stability, and other assets and liabilities. The loan doesn’t exceed more than 60% of the property’s market value. With a co-applicant, a higher amount can be borrowed.
What can a Loan Against Property be used for?
You can use it for any purpose, like a personal loan. From renovating your home, starting a business, funding medical expenses, or even going on a long vacation, you can take a loan to fulfill all your needs.
On what types of properties can you avail a Loan Against Property?
You can avail loan on property using
What are the documents necessary to avail a Loan Against Property?
The necessary documents for a Loan Against Property are (may vary for salaried and self-employed professionals):
How much loan can I get against my property?
Depending on your employment status, the bank or financing institution decides the loan against the property amount you’re eligible for. The maximum loan limit for self-employed people is INR 5 crore, and the same goes for salaried individuals too.
How old property is eligible for a home loan?
When it comes to home loan eligibility, banks or financing institutions make the decision based on the age of the property. If your property is aged 20 years or more, you may not get any loan against it.
Can I get a loan against my land?
Yes, you can get a loan against both, residential and commercial land. You can keep either one as a mortgage or collateral to avail of a loan against property.
Who can apply for a loan against property?
A primary applicant and a co-applicant can apply for a loan against property. However, they must meet these criteria:
Primary Applicant:
Co-Applicant:
How to apply for a loan against property from Piramal Finance?
Now that you know how beneficial a loan against property is for your business, you should understand its worth, especially during any emergency. This loan, for salaried or self-employed individuals, lets you keep your asset. You can keep residing in the property and utilize it for various other reasons, in addition, to producing it as security to help your company grow.
To apply for a business loan from us, follow these steps:
FREE Credit Report
Download Piramal App
Have Questions? Get In Touch With Us
Follow us on
Piramal Capital & Housing Finance Limited, formerly known as Dewan Housing Finance Corporation Ltd.
CIN: U65910MH1984PLC032639
Registered Address: 601, 6th Floor, Amiti Building, Agastya Corporate Park, Kamani Junction, Opp. Fire Station, LBS Marg, Kurla (W) Mumbai MH 400070
The content of this site is copyright-protected and is the property of Piramal capital and housing limited.
We are in the business of financial planning but the day I finalised my property, I needed to get a loan and I found Piramal to be the best option. They cater to all the requirements of the customers and helped me at every single step along the way.
Nirmal Dand