Secured Business Loans To Help You Grow Your Business
Make sure your business has all the fuel it needs to
grow with our Secured Business Loans.
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- Already Applied?
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Business Loan offerings by Piramal Finance Limited
Key Features
Loan amount
{sblamount}
Loan tenure up to
{sbltenure}
Interest rates starting at
8.9% 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.
Documents Required
For a Business Loan we require certain documents based on profession / occupation of applicant.
Whatsapp me this document list
KYC Documents
Proof of Identity & Address
Income Documents
Proof of Income
- ITR for the previous two years, with computation
- CA audited financials wherever applicable
- 6 months primary bank statement
Co-applicants
- 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)
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Our Happy Customers
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Benefits of Getting a Secured Business Loan From Piramal Finance
At Piramal Finance, we understand cash flows are often unique to each business, and repaying a loan should not add to your cash flow woes. To help Bharat's customers manage their money, our Secured Business Loan has a provision that allows you to repay your loans every 15 days.
Wide Range of Collaterals
Business Loans provide funding across a wide range of collateral and different types of properties
Quick approvals
Save time with our smooth processes and speedy sanctions
Higher eligibility and loan amount
Benefit from our extensive assessment process to enjoy maximum loan amounts
Doorstep service
Get a loan without leaving your office or home
Lower Interest Rate
You can borrow the amount at low-interest rates.
Large loan amount
A good financial history and credit score can help you grab a large loan amount.
Flexible Repayment
You get entitled to flexible business loan eligibility and easy repayment options with a longer loan tenure (affordable EMIs).
Tax Benefits
These loans entitle you to enjoy tax benefits under the Income Tax Act, 1961.
Explore the Types of Secured Business Loans
Business Loans Secured By Collateral:
India has several types of secured business loans. Some business loans are secured by the collateral owned and provided by the company.
A business loan against property is perhaps the most typical and widely offered secured loan type. These loans often come with the longest tenure due to the high value of the mortgaged property. Business loans against fixed deposits, government securities, and even savings accounts are considered secured business loans. You won’t be able to access or use the funds kept mortgaged as security until you repay the loan completely.
Some other popular secured business loan options include loans against gold.
Business Loans Secured By Personal Guarantee
Secured business loans, especially those for small businesses, are offered against the personal guarantee of the business owners. No matter if your business doesn’t have anything to provide as security, we offer small business loans based on your personal guarantee.
To secure the loan, you can use your private-owned land, property, or gold. The property can be kept as secure as unlimited or limited period liability, and it can be ceased if you don’t repay the installments on time.
What’s The Difference Between Secured Business Loan & Unsecured Business Loan
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Row 1
- Secured Business Loan
- Unsecured Business Loan
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Row 2
- Higher loan amount
- Lower loan amount
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Row 3
- Lower interest rate
- Higher interest rate
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Row 4
- Long tenure for loan repayment
- Short tenure for loan repayment
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Row 5
- Collateral requirement
- No collateral requirement
What’s The Difference Between Secured Business Loan & Unsecured Business Loan
More Business Loan Products
Loan Against Property
If you are a growing business and often face cash flow issues, you can use our Loan Against Property to resolve these Issues
Loan up to
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Loan tenure up to
{laptenure}
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
Loan up to
{wcsblamount}
Loan tenure up to
{wcsbltenure}
Types of Business Loan
Short Term Loans
Short term loan offers you access to a relatively small amount of capital for a brief period, making them ideal for addressing immediate financial needs with quicker repayment schedules.
Term Loan
Term loan provides a fixed amount of money, repaid over a specified period through regular installments. It is commonly used for business expansion or capital investments.
Startup Business Loans
The loan provides funding to new and emerging companies, helping them cover initial expenses, invest in growth, and establish their presence in the market.
Franchise Finance
Franchise finance is a specialised funding option tailored to entrepreneurs looking to invest in or expand a franchise business.
Supply Chain Finance
Supply Chain Finance ensures smooth operations and reduces working capital constraints, benefiting buyers and suppliers.
Shop Loan
Shop loan is designed to assist retail shops in managing expenses, restocking inventory, or making necessary upgrades to the storefronts.
Business Loan for Traders
It provides traders and merchants with capital to purchase inventory, manage cash flow, or expand the trade operations, facilitating growth and stability in the trading business.
Inventory Financing
It helps businesses purchase or manage the inventory. It provides capital to acquire goods for sale, maintain stock levels, and meet customer demand.
Loan for Restaurant
Restaurant loan provides funding for your various restaurant-related expenses, such as opening a new establishment, purchasing equipment, or covering working capital needs.
Medical Equipment Loan
Medical equipment loan helps healthcare providers and organisations to acquire essential medical devices and equipment without a substantial upfront cost.
Machinery Loan
Machinery loan provides capital for the purchase, repair, or upgrade of machinery and equipment, enabling businesses to enhance productivity and efficiency in the operations.
Hotel Loan
Hotel loan assists entrepreneurs and investors in the hospitality industry with funding for hotel acquisitions, renovations, expansions, or new construction.
Business Loan for Doctors
It provides medical practitioners with capital to expand the practices, invest in equipment, hire staff, or cover operational expenses to enhance patient care.
Self-employed Loan
It offers financial assistance to independent entrepreneurs and freelancers, enabling them to invest in the businesses, cover expenses, or seize growth.
MSME Loan / SME Loan
Micro, Small & Medium Enterprises loan is designed to provide small and medium size businesses with the necessary capital for growth and expansion.
Manufacturers Loan
It helps manufacturers enhance operations & competition by upgrading machinery, expanding production capacity or managing working capital
Frequently asked questions
Is a secured business loan the same as a Loan Against Property?
You can avail of a secured business loan using the following types of properties:
- Self-owned residential properties
- Self-owned and self-occupied residential properties
- Self-owned but rented residential properties
- Self-owned commercial properties
- Self-owned but rented commercial properties
- Self-owned plots
- Go to our application form and fill out the details.
- Submit all your Income and KYC documents.
- Wait till the application gets processed for verification.
- If everything meets the eligibility criteria, your loan will be approved within a few minutes.
- Subsequently, the loan amount gets disbursed and credited to your bank account.