Whether you are looking to start a business in the manufacturing sector, IT & software, retail or hospitality industry - Nashik has something for everyone. It has great access to skilled labor, as well as an accessible market, well-connected transport links, and plenty of resources and incentives available from the government. Businesses can even benefit from tax rebates and other benefits offered by the government.

But when it comes to starting your business in Nashik, you may find that the funds you need are not readily available or affordable. This is where a business loan can come into play. With a business loan, you can access the funds needed to start and grow your venture in Nashik without worrying about high-interest rates or long processing times.

Piramal Finance offers a range of business loans designed to suit the individual needs of entrepreneurs and small businesses. We provide customized loan products with competitive rates and flexible repayment options to help you get your business off the ground in Nashik. Our easy online application process ensures that you can apply for a business loan without any hassle or paperwork, and our dedicated team will assist you throughout the entire process.

Features and Benefits of Business Loans in Nashik

Quick Online Processing

When you apply for a startup business loan in Nashik, we comprehend 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 Nashik 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 Rs. 10 lakhs 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 36 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 Nashik

While applying for a business loan, there are a few required eligibility criteria that you must 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 Nashik and offers 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 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 Nashik?

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

Step 1:

Go to the Piramal Finance business loan Nashik 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

With Piramal Finance offering easy access to unsecured business loans, entrepreneurs are now more equipped than ever before to take their businesses to the next level. With a high loan limit and long repayment tenure, you can get your business moving right away! So, what are you waiting for? Get started on your entrepreneurial journey today!

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

The Nasik branch of Piramal Finance is located at Shri Gurudev Tower on the 3rd floor. You can take public transportation and get off at the nearest bus stop to get here. You can apply for a business loan in Nasik by providing the necessary documents.
The Sinnar branch of Piramal Finance is located at Sony Tower on the 2nd floor. If you want to get here, you must take a cab. Applying for a business loan in Sinnar is quite easy.
Hari Prabha Solitario Thatte Nagar Nashik
The Nashik Hariprabha Solitario branch of Piramal Finance is located at Unit No. 202, Hariprabha Solitario, on the 2nd floor. To reach here, you can take a taxi from any place in Nashik. You can take a business loan in Thatte Nagar Nashik branch to meet your long-term financial needs.
Piramal Finance's Malegaon branch is situated in Satana Chowk, Office No. 26, directly across from the district court. Local trains and buses from several locations across the city have easy access to the branch. For individuals seeking personal loans in Malegaon, they also provide simple loan aid.

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Frequently asked questions

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