Pune is an excellent place to start a business. The city has a diverse economy, with numerous opportunities for entrepreneurs in various industries. According to surveys by economic authorities like World Bank and Mercer, it has also been voted as one of the best cities to live and work in. Additionally, it boasts world-class infrastructure facilities and educational institutions to ensure seamless operations when starting up your business.

It's imperative to have the necessary funds to launch a business in Pune. A business loan can provide access to the capital required for all aspects of your venture, from acquiring equipment and keeping up with working capital needs to growth opportunities down the line

Are you a small business aiming to reach its full potential? Then Piramal Finance is the perfect partner for you! Our trusted Business Loans in Pune will provide comprehensive solutions tailored precisely to your requirements, such as machinery loans, unsecured working capital loans, and capital and term loan options. With our expert team by your side, you can be sure that we'll arm you with all of the necessary tools for speedy growth and success!

Features and Benefits of Business Loans in Pune

Quick Online Processing

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

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 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 to be 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 Pune that offers business loans with interest rates starting at 17% p.a. for loans up to Rs. 10 lakhs 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 benefit 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 Pune?

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

Step 1:

Go to the Piramal Finance business loan Pune 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

Pune is a prime business destination in India due to its favorable geographical location, access to capital, and skilled manpower. The city has a thriving IT sector, an expanding industrial landscape, and numerous educational institutions that attract local as well as international students.

With the help of Piramal Finance’s small business loan in Pune, you can get the financial assistance you need to expand your business or launch a new entrepreneurial venture. With competitive interest rates and flexible repayment terms, our unsecured loans are an ideal way to finance any type of business project in a hassle-free manner. So, don't wait any longer and apply for a small business loan today!

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

The Wagholi branch of Piramal Finance is located at Office No. 205 on the Blue-Sky Icon, Baif Road. The most convenient way to get here is by taking a bus or taxi. Get a business loan in Wagholi branch of Piramal Finance and let the experts make your financial dreams a reality.
The Chakan branch of Piramal Finance is located at shops no. 1 and 2 in Vishal Market on the 1st floor. You can take a bus or cab from Pune Station to get here. It is located in the heart of Chakan, making it easily accessible to everyone in the area. Applying for a business loan in Chakan branch is quite easy.
Uruli Kanchan
The Uruli Kanchan road branch of Piramal Finance is located at no 201 & 202, building-2, Shiv Krupa Mkt. You can visit here by bus, train, or car. Getting a business loan in Uruli Kanchan branch is the best option for people living in Pune and nearby areas.
The Bibvewdi branch of Piramal Finance is located at Office No. 1, Pushpa Heights, on the 1st floor. The right way to get here is to take the nearest bus or auto and come to Bibvewdi Chowk, it is just a few minutes away. This best business loan in Bibvewdi from experienced professionals is available here.
Shivaji Nagar
The Shivaji Nagar branch of Piramal Finance is located at No. 4A, 1 Modibaug Commercial, on the 1st floor. You can apply for a business loan in Shivaji Nagar branch quickly and conveniently. You can take a bus to Shivaji Nagar or catch an auto from nearby locations to reach here.

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Frequently asked questions

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Are there any charges other than the interest rate that I have to pay to avail of the loan in Pune?
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Do I need collateral to apply for a business loan in Pune?
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What is the minimum income requirement to get a business Loan in Pune?
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