Business Loan

Why Should You Choose a Piramal Finance Business Loan?


When you are a business owner, you must ensure that there is enough money to take care of all business-related costs. You may need money for daily expenses, acquiring assets, buying raw materials, and much more. But as is the case with most business ventures, you may face cash flow problems at some point. As a result, there might be problems running your business operations smoothly.

Why face such a scenario when you can opt for a business loan? Many banks and NBFCs offer business loans to owners whose profiles meet their rules and have a good credit history. Based on how much money you need, you may or may not need to offer security for a business loan. Thanks to the internet, now the process for a business loan has become very quick as you can apply for an online business loan in a few minutes.

If you want a great deal on your business loan interest rate and want a high-value loan, then your search ends with Piramal Finance. They offer great deals on business loans and complete the process in a few days. Read on to learn why a Piramal Finance business loan is your best option.

Piramal Finance business loans

Taking a business loan involves risk, and you must select the best lender for this need. If you opt for a private lender, they might charge a very high business loan interest rate, putting your business at risk. Hence, you must compare various aspects of the business loan before you select one.

Piramal Finance is a well-known NBFC in India that offers various loans. They can offer you very good deals if you need an affordable business loan interest rate in a short time. Over the years, Piramal Finance has made a great name for itself in the market and helped many business owners grow quickly.

Some of the business loan types that Piramal Finance offers are:

  • Secured Business Loan: You must offer security to get this online business loan. This security can be an asset or a property in your name. You can get a business loan of up to Rs. 25 lakhs at a low business loan interest rate that starts from as low as 12.5% p.a.
  • Unsecured Business Loan: If you do not offer security, you can go for this business loan. You can get a loan amount of up to Rs. 10 lakhs with this facility and can use the amount for any business purpose that you may have. The loan tenure, in this case, is 36 months.
  • Loan Against Property (LAP): If you have great business plans but are short on money, then a LAP is a great option. You will need to offer a property as security for this business loan. Then you can get a loan of up to Rs 3 crore for any business purpose that you may have. The business loan interest rate, in this case, will start at 11.5%.
  • Working Capital Loan: If you need money to pay for daily expenses like salary, wages, freight, utilities, etc., then you can get a working capital loan from Piramal Finance. Here, you can get a loan of up to Rs 10 lakh quickly and then take care of any urgent needs that your business has.
  • Debt Consolidation Loan: If you have many debts in your business with high interest rates, then you can opt for a business loan. With interest rates starting at as low as 11.5%, this loan can help you pay off all the debt, and you will only have to pay a single EMI, which is easy to handle.
  • Professional Loans: If you are a doctor, engineer, CA, CS, or any other professional and want to start your practice, then Piramal Finance offers a great online business loan. You can use this loan to set up your office and give wings to your dreams.

Why Choose Piramal Finance Business Loan?

Many reasons make an offline or online business loan from Piramal Finance a great option. Some of the main benefits are listed here:

  • Process: Most of the business loan process is completed within a few minutes. The only offline part will be to verify your details. The entire process takes a few days, and the money is credited to your account within a few hours after approval.
  • High-Value Loans: You can get a secured business loan of up to Rs. 3 crores and an unsecured loan of up to Rs. 10 lakhs from Piramal Finance. Such high-value loans can not only pay for urgent needs but also grow your venture quickly.
  • Multiple options: You can opt for a range of business loans as per your needs. This includes secured loans, unsecured loans, LAP, debt consolidation loans, professional loans, and many others. The amount will depend on your profile, credit history, profitability, and needs.
  • Low Interest: You can avail of a low business loan interest rate for your loan from Piramal Finance. Interest rates for secured loans start at as low as 11.5%. This means lower EMI and less stress on the finances.

Final Takeaway

Hence, taking a business loan from Piramal Finance can be a good option when you need money for your business. They provide many types of loans to help you take your venture to the next level. For more information, you can go to the Piramal Finance website and learn how to get a business loan at affordable rates.