Piramal Finance Business Loan
Piramal Finance, an NBFC headquartered in Mumbai and established in 2014, offers a business loan with interest rates ranging from 16% to 25%. The processing fee is 5%, and prepayment carries a penalty of 5%. Loan amounts range from ₹5 lakh to ₹30 lakh, with a maximum tenure of 120 months.
Applicants must submit PAN, ID proof, utility bills, 2 years of ITR, audited financials, and 6 months of bank statements. The lender requires a minimum of 4 years of business vintage, and also offers an Unsecured Business Loan+ variant for ₹15 lakh to ₹30 lakh. Rate type, minimum tenure, minimum CIBIL score, age limits, minimum salary, and employment type eligibility are not published for this product.
Documents required
- PAN
- ID
- utility bills
- 2yr ITR
- audited financials
- 6mo bank stmt
As published by Piramal Finance. Your branch may ask for more.
Eligibility
Loan terms
- min 4yr business vintage
- Unsecured Business Loan+ variant 15-30L
Fees & charges
FAQ
Both exist. Unsecured business loans price higher; secured or scheme-backed loans (e.g. CGTMSE up to the scheme limit) can lower the rate or waive collateral. The right choice depends on ticket size and how fast you need funds.
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.