Business Loan in Surat

The most important aspect is to check your eligibility criteria before applying for a business loan in Surat. Here is a list of eligibility criteria that you should verify.

1. Age

The minimum age to apply for a business loan in Surat is 21 years. If you are a government employee, you can apply till you are 70 years of age. However, if you are an employee working at a private company, you can apply till you are 62 years of age.

2. Employment

You should work in a private sector company, partnership firm, multi-national corporation, government organization, a proprietorship concern, LLP, PSU, or trusts run by NGOs or societies.

• Self-employed professionals should be doctors, CAs, or architects.
• Self-employed non-professionals should be proprietorships, partners with partnership firms, business owners, or promoters’ directors of public or private limited companies.

Make sure that you have a detailed look at all the available features of a business loan. Here are some of the main features of a business loan offered by Piramal Finance.

1. Door Step Service

Travelling to the physical branch of the bank or lending institution is no longer required. You can now apply for a business loan in Surat from the comfort of your home or workspace.

2. Quick Approval

We at Piramal Finance ensure that your loan application and the disbursal process happen without delays. Typically, banks prolong the verification and approval processes. Our quick process helps you stay on track with your business plans.

3. Attractive Interest Rates

At Piramal Finance, you can enjoy attractive interest rates starting at 12.5% per annum. This interest rate applies to both self-employed individuals as well as salaried individuals and can reduce the amount of EMI you have to repay.

4. Higher Loan Amount

Our extensive assessment process enables you to opt for loans with high capital. This can prevent you from applying for multiple streams of credit to meet your business needs.

5. Wide Range of Collaterals

With Piramal Finance, you can avail of loans across a wide variety of collaterals including several types of properties.

The set of required documents varies between self-employed individuals and salaried individuals.

Self-Employed Individuals

• Passport
• Voter ID
• Driving License
• Aadhaar Card
• Utility bills such as telephone bills, electricity bills, etc.
• KYC documents
• Income tax returns for the past two years along with computation
• Bank statements of the last 6 months
• CA audited financials and records for your collateral.

Salaried Individuals

• Job card (NREGA)
• Voter ID
• Utility bills such as telephone bills, electricity bills, etc.
• Passport
• Driving License
• Aadhaar Card
• Letter from National Population Register containing photo/name and address
• KYC documents
• Last 3 months’ salary slips
• Income tax returns for the last 2 years/Form 16
• Bank statements of the last 6 months
• Documentation related to your collateral property

Applying for a business loan in Surat through Piramal Finance is very simple. All you have to do is follow these 4 simple steps.

Step 1: Start by visiting the website of Piramal Finance to start your application process.

Step 2: After you navigate to the website, click on the “Quick Apply” option.

Step 3: Then, it will display a form where you have to enter your personal and loan information such as your name, contact information, email ID, the loan amount you require, and your current location.

Step 4: Finally, click on “Submit” to complete your application process.

You can apply for a business loan in Surat with Piramal Finance in a convenient and straightforward process. Ensure that you meet the eligibility criteria and have the documents ready to speed up your application process without any hassle.