Thane is an important city in Maharashtra and a major industrial hub. It has some of the best infrastructure, a talent pool, easy access to Mumbai and other cities, and vibrant economic activity. Thane is especially attractive for businesses looking to expand or establish operations here due to its strong transportation links and efficient administrative systems. Numerous incentives are also made available by the government, making doing business in Thane even more attractive.

However, as a business owner, it is important to understand the local market conditions and financial climate. If you are looking for funds to cover your business's expenses in Thane, a business loan may be the right choice.

Piramal Finance provides business loans in Thane, so you can access the funds you need to finance your business without any hassle. Our loan products provide competitive interest rates and flexible repayment options so that you have the financial resources necessary to manage and grow your business.

Features and Benefits of Business Loans in Thane

Quick Online Processing

When you apply for a startup business loan in Thane, 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 Thane 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. You do not need to mortgage any of your personal or corporate assets to obtain financing.

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 Thane

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 must be at least 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.
You will be considered a self-employed professional if you are a CA, qualified doctor, or architect. If you are a business owner, partner at a partnership firm, company director, 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.
Ensure you keep two of your documents ready, including KYC documents, income tax returns for the past 2 years, Form 16, salary slips, bank statements for 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 Thane's best-unsecured business loan providers that offer business loans with interest rates starting at 17% p.a. for loans up to INR 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

Equity financing usually 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 Thane?

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

Step 1:

Go to the Piramal Finance business loan Thane 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

Thane is an excellent hub for businesses that require a large consumer base and access to financial resources. Thane's booming industrial, commercial, and residential development provides entrepreneurs with lucrative opportunities to grow their businesses. Piramal Finance has branches in the area, so you can easily apply for a business loan in Thane at competitive interest rates and borrow up to 10 Lakhs. You have multiple options available such as Short-term loans, Credit line Asset finance, Equity funding, or loans on accounts receivable when it comes to financing your business, depending on your needs. So, if you're looking to start or expand your business in Thane, getting a Business loan from Piramal Finance could be the best option.

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

Mira Bhayander Road East
The Mira Bhayander Road branch of Piramal Finance is located at no 101 & 102, Poonam Enclave, on the 1st floor. One can take the Metro to Mira Road and then take a cab from there to reach here. Applying for a business loan in Mira Bhayander Road branch is easy and convenient, as you can apply online or visit the branch directly.
Nallasopara (West)
The Nallasopara (West) Branch is located at Shop No. 9-14 on the ground floor at Patankar Park. You can take the local train or bus from the Mumbai city center to reach here. Applying for a business loan in Nallasopara (West) Branch is quite easy.
The Palghar branch of Piramal Finance is located on the 2nd Floor of the Satyam Commercial Complex. You can easily reach the branch by bus or taxi to Palghar Station. Applying for a business loan in Palghar branch of Piramal Finance is smooth and hassle-free.
Vasai (East)
The Vasai (east) branch of Piramal Finance is located in DHFL Building. The best way to reach here is by taking a local train to Vasai Road Station and then taking an autorickshaw. You can easily apply for a business loan in Vasai (East) branch.
Vasai West
The Vasai West branch of Piramal Finance is located at No A103 & A104, PP Paradise, on the 1st floor. You can get here via bus, taxi, or auto, and the location is close to Vasai West railway station. Get the best business loans in Vasai (West) branch from experienced professionals.

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Frequently asked questions

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