Loan Against Property
If you are a growing business with cash flow problems, our Loan Against Property can help you to get a loan of up to INR 2 crore at competitive rates for the customers of Bharat.
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Business Loan offerings by Piramal Capital & Housing Finance Ltd. (Piramal Finance)
Key Features
Loan amount
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Loan tenure up to
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Interest rates starting at
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For detailed fees and charges Click here *T&C apply
Who Can Apply?
The eligibility criteria mainly depends on your employment. Calculate the EMI & check your eligibility.
Documents Required
For a Business Loan we require certain documents based on profession / occupation of applicant.
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KYC Documents
Proof of Identity & Address
Income Documents
Proof of Income
- ITR for the previous two years, with computation
- CA audited financials wherever applicable
- 6 months primary bank statement
Co-applicants
- Co-applicant is mandatory. Additionally, Woman co-applicant is mandatory in certain cases
- Co-applicant can be spouse or any first blood relative like parents, siblings, children who hav attained age of maturity (s.t income-ownership grid)
- All co-owners of property should be on loan structure
- Friends cannot be co-applicants (allowed only if they are coming in the capacity of Partners / Directors / Shareholder)
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Why Choose a Loan Against Property from Us
We, at Piramal Finance, are the ideal choice for a loan against property for any business for the following reasons:
Wide Range of Collaterals
Business Loans funding across a wide range of collaterals and different types of properties
Quick Sanctions
You run your business; we will take care of the formalities.
Higher Eligibility Maximum Loan
Our comprehensive assessment allows us to lend you the maximum amount possible.
Seamless Credit Access For Self-Employed Individuals
Getting authorized for just a loan gets more challenging when you're not a salaried employee. This is due to the fact that you do not have a consistent source of money to fall depend on. However, it is far easier for self-employed persons to secure a loan against property with minimum documentation. These are some examples:
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Proof of Residence
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Proof of Identity
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Property documents
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Past six-month bank account statements
No Barriers!
Loans against property are popular among business executives since there are no restrictions on how the huge quantity borrowed may be used. This isn't always the scenario with something like a home loan.
Debtors who get a Loan Against Property (LAP) can deploy the funds for a variety of commercial objectives, such as starting new companies or acquiring additional enterprises to fulfill their working capital needs.
Huge & Urgent Fund Source
A LAP might be the ideal option if you require large amounts of funds at one time and are required to spend the funds at your discretion. You may utilize a LAP to generate funds, settle loans, meet a liquidity crisis, or just scale your business.
More Business Loan Products
Loan Against Property
If you are a growing business and often face cash flow issues, you can use our Loan Against Property to resolve these Issues
Loan up to
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Loan tenure up to
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Working Capital Secured Business Loan
Don't let the lack of funds come in the way of business success. Leverage your passive assets such as residential
Loan up to
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Loan tenure up to
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Types of Business Loan
Short Term Loans
Short term loan offers you access to a relatively small amount of capital for a brief period, making them ideal for addressing immediate financial needs with quicker repayment schedules.
Term Loan
Term loan provides a fixed amount of money, repaid over a specified period through regular installments. It is commonly used for business expansion or capital investments.
Startup Business Loans
The loan provides funding to new and emerging companies, helping them cover initial expenses, invest in growth, and establish their presence in the market.
Franchise Finance
Franchise finance is a specialised funding option tailored to entrepreneurs looking to invest in or expand a franchise business.
Supply Chain Finance
Supply Chain Finance ensures smooth operations and reduces working capital constraints, benefiting buyers and suppliers.
Shop Loan
Shop loan is designed to assist retail shops in managing expenses, restocking inventory, or making necessary upgrades to the storefronts.
Business Loan for Traders
It provides traders and merchants with capital to purchase inventory, manage cash flow, or expand the trade operations, facilitating growth and stability in the trading business.
Inventory Financing
It helps businesses purchase or manage the inventory. It provides capital to acquire goods for sale, maintain stock levels, and meet customer demand.
Loan for Restaurant
Restaurant loan provides funding for your various restaurant-related expenses, such as opening a new establishment, purchasing equipment, or covering working capital needs.
Medical Equipment Loan
Medical equipment loan helps healthcare providers and organisations to acquire essential medical devices and equipment without a substantial upfront cost.
Machinery Loan
Machinery loan provides capital for the purchase, repair, or upgrade of machinery and equipment, enabling businesses to enhance productivity and efficiency in the operations.
Hotel Loan
Hotel loan assists entrepreneurs and investors in the hospitality industry with funding for hotel acquisitions, renovations, expansions, or new construction.
Business Loan for Doctors
It provides medical practitioners with capital to expand the practices, invest in equipment, hire staff, or cover operational expenses to enhance patient care.
Self-employed Loan
It offers financial assistance to independent entrepreneurs and freelancers, enabling them to invest in the businesses, cover expenses, or seize growth.
MSME Loan / SME Loan
Micro, Small & Medium Enterprises loan is designed to provide small and medium size businesses with the necessary capital for growth and expansion.
Manufacturers Loan
It helps manufacturers enhance operations & competition by upgrading machinery, expanding production capacity or managing working capital
Frequently asked questions
What is a Loan Against Property?
You can avail loan on property using
- Self-owned residential properties
- Self-owned and self-occupied residential properties
- Self-owned but rented residential properties
- Self-owned commercial properties
- Self-owned but rented commercial properties
- Self-owned plots
A primary applicant and a co-applicant can apply for a loan against property. However, they must meet these criteria:
Primary Applicant:
- Age: 21-65 years
- Employment Status: Salaried or Self-Employed
- Credit Score: 750+ CIBIL Score
- Minimum Income: INR 3 Lac Per Annum
- Work Experience: 1-5 years
Co-Applicant:
- The co-applicant can be any close relative or family member of the main applicant.
- The co-applicant can have a credit score above 750, too (preferred, not mandatory).
- To get better economic interest rates, make sure the co-applicant is a woman (like your spouse or mother)
Now that you know how beneficial a loan against property is for your business, you should understand its worth, especially during any emergency. This loan, for salaried or self-employed individuals, lets you keep your asset. You can keep residing in the property and utilize it for various other reasons, in addition, to producing it as security to help your company grow.
To apply for a business loan from us, follow these steps:
- Go to our application form and fill out the details
- Submit all your income, property, and KYC documents
- Wait till the application gets processed for verification
- If everything meets the eligibility criteria, your loan will get approved within a few minutes
- Subsequently, the loan amount gets disbursed and credited to your bank account