Business Loan in Thane

When it comes to availing of a business loan, make sure that you check all of its available features as they can be beneficial. Here are some of the main features of a business loan that is impressive to many applicants.

1. Quick Approval

One of the most important features is that we ensure that your loan application and the disbursal process happens quickly. Typically, banks prolong the verification and approval processes thereby leading to plenty of delays in plans.

2. Wide Range of Collaterals

Collaterals have always been an issue with respect to availing higher loan amounts with security. With Piramal Finance, you can avail of loans across a wide variety of collaterals including several types of properties.

3. Door Step Service

You no longer have to travel to the physical branch of the bank or lending institution. Now, you can apply for a loan from the comfort of your home or workspace.

4. Attractive Interest Rates

Interest rates are a key parameter that determines your repayment journey. With our competitive interest rates starting from 12.5% per annum, both self-employed individuals and salaried individuals can benefit greatly.

5. Higher Loan Amount

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

Before applying for a business loan in Thane, make sure that you meet the following eligibility criteria to ensure a smooth application process.

1. Age

To apply for a business loan in Thane, you should be between 21 and 70 years of age if you are a government employee. If you are an employee working at a private company, you can apply between 21 and 62 years of age.

2. Employment

You should work in a multinational corporation, government organization, proprietorship concern, LLP, partnership firm, PSU, private sector companies, 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.

The list of 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

You can apply for a business loan in Thane through Piramal Finance by following these four simple steps.

Step 1: First, you have to visit Piramal Finance’s website to start your application process.

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

Step 3: After you click on that option, a form will be displayed where you have to enter your information such as your name, contact information, email ID, the loan amount you require, and your current location.

Step 4: After filling in these details, click on “Submit” to complete your application process.

Applying for a business loan in Thane can be done simply with Piramal Finance. Make sure that you have all of the required documents ready to have a hassle-free application process.