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Business Loan

Collateral-Free Loans

Make sure your business has all the fuel it needs to grow with our Business Loan. Whether it is funding for expanding business, installing new machinery, stocking up inventory, paying suppliers, covering running expenses or any other business purpose , our Business Loan gives you the flexibility of availing a loan without requirement of any collateral!

We offer our Business Loan without Collaterals up to ₹ 10 lakh, perfect for small businesses to tide over any cash crunch they may face.

A dedicated relationship manager will guide you through the formalities to make sure that you get the best deal and that the processes don't take too much of your valuable time. To make the process smoother for business owners like you, we offer doorstep services and hassle-free documentation.

Key Features of Business Loan

Business Loans funding across a wide range of customer profiles: Loans for Self-Employed Professionals & Self-Employed Non-Professionals
Digitally Driven Process for Quick sanctions and smooth processes: You run your business, we will take care of the formalities
Simpler programs designed for getting Higher eligibility: Our comprehensive assessment allows us to give you the maximum loan possible
Doorstep service: Get a loan without leaving your office or home


  • Self-employed


    • Minimum Age- 23 years
    • Maximum Age- 65 years at maturity

    Employment Type

    • Self Employed Professionals: Qualified doctor (MBBS/MD/MS), CA and Architect.
    • Self Employed Non-Professionals, Business Owners, Proprietorship, Partners of Partnership Firm and Promoter/Director of closely held private and public limited companies.

    Documents needed

    • KYC Documents
    • Bank statements for the last 6 months.

Interest Rate

Interest Rate
Customer Type Rates
Self Employed Interest Rates starting from 18%* p.a

Fees & Charges

Fees & Charges
Fees & Other Charges as applicable on application/ during the term of Loan are as under. These are subject to modifications from time to time as decided by Lender as per its internal policy and any such modification shall be notified by the Lender through its website or its branches or such other medium as Lender may consider appropriate
Schedule of Fees & Other Charges Details
Processing Fees Processing Fees upto 4 % of Loan amount + applicable taxes (payable before disbursement of Loan)
Default Interest 2% p.m. on default of PEMII/EMI from the date of default till the date of actual payment
Documentation Charges NA
Prepayment charges 5% of Principal amount being repaid + applicable taxes
Part Payment Charges 5% of Principal amount being repaid + applicable taxes
Cheque Bounce Charges ₹ 500/- + applicable taxes
Collection pickup charges Rs. 250 per visit + applicable taxes
Any Legal cost/charges At actuals + applicable taxes
Recovery related charges At actuals + applicable taxes
Stamp duty charges At actuals + applicable taxes
Statutory Charges At actuals + applicable taxes
Loan Repayment Schedule (only applicable for physical copy of statement) ₹ 500/- + applicable taxes
Change of Loan repayment mode ₹ 500/- + applicable taxes
Duplicate No due Certificate issuance charges  (only applicable for physical copy of statement) ₹ 500/- + applicable taxes
Statement of Account (only applicable for physical copy of statement) ₹ 500 + applicable taxes
Cash collection charges 1% of collection amount of Rs.50000 and above in cash + applicable GST
Charges for Copy of any Document ₹ 500/- + applicable taxes


  • Self-employed

    Application Form

    • Application form with a recent photograph

    Proof of Identity

    • Passport
    • Driving License
    • Aadhaar
    • Voter's Identity Card

    Proof of Income

    • 6 Months Primary Bank Statement

    Proof of Residence

    • Passport
    • Driving License
    • Aadhaar Card
    • Voter's Identity Card
    • Utility bills like Telephone Bill /Electricity Bill etc.


    • Co-applicant is mandatory
    • Co‐applicant can be spouse or any first blood relative like parents, siblings, children who have attained age of maturity (s.t. income-ownership grid)
    • Friends cannot be co‐applicants (allowed only if they are coming in the capacity of Partners/Directors/Shareholder)

Get Quick Approvals for Business Loan in Metro Cities

Avail Piramal Finance quality service and business loan instantly in the top commercial and metropolitan cities of India to meet the needs of your growing business.

What Our Customers Say

Business Loan