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Here are a few factors
Processing | Online |
Location | PAN India |
CIBIL Score | 675+ & Minus 1 Applicant |
Applicant | Any Self Employed |
Applicant Age | 21 Year to 65 Year |
Minimum Yearly Turnover | 25 Lac |
Loan Amount & Tenure | 1 Lac to 10 Lac (12 Month to 36 Month) |
Rate of Interest & Type | 16% to 25% (Reducing) |
Processing Fees | 2% to 3% |
Foreclosure Charges | 4% to 5% |
TAT | 3 Day to 7 Days |
Negative Profile | (i) Both Side Rented Applicant (ii) School (iii) Advocate (iv) Applicant living in dominated area (v)Share Traders (vi) GYM Owner |
USP | Loan to applicant having Credit Card Overdue upto 5000 |
Additional | (i) 9 Maximum Loan Enquiry in Last 3 Month accepted |
Required Documents
KYC of applicant & Co-Applicant
Last 3 year ITR with computation of income of applicant & co-applicant
Last 3 year audited balance sheet of applicant
Last 3 year Tax audit report of applicant
Last 12 month Bank Statement of applicant & co-applicant
26AS of last 2 year of applicant & co-applicant
Copy of GST registration
Copy of MSME registration
Copy of Last 12 month GST return
Sanction letter of all running loan
Debt Sheet
Latest utility Bill of residence if owned or rent agreement if rented
Latest utility Bill of Office if owned or rent agreement if rented
2 Reference with contact details
Last 3 year Debtors & Creditors on letter head
List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP
Eligibility Required For Dhanvarsha Business Loan (Small)
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The minimum age of the applicant must be 21 years to 65 years.
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The minimum age of the Co applicant must be 21 years to 75 years.
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Minimum Turnover of the applicant must be Rs. 25 lacs
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Applicant must have a minimum CIBIL of 675+ or -1 Cibil
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Business Registration Proof is Required
FREQUENTLY ASKED QUESTIONS
The minimum required CIBIL score to apply for a Dhanvarsha Business Loan (Large) is 675 + & -1 .
The Foreclosure charges of Dhanvarsha Business Loan (Large) is 4 %.
There are no Part-payment charges on the Piramal Finance Personal Loan.
The ROI of Dhanvarsha Business Loan (Large) is 16 % to 25 %.
The maximum repayment tenure of a Dhanvarsha Business Loan (Large) is 36 Months.