# Piramal Capital business loans > Piramal Capital is on Recur Club's lender panel, writing purchase invoice discounting, secured term loan, working capital demand loan. Source: https://www.recurclub.com/lenders/piramal-capital Last updated: 2026-09-29 Also offered, with no terms observed yet: Purchase Invoice Discounting, Secured Term Loan, Working Capital Demand Loan. ## Eligibility - Piramal Capital & Housing Finance Limited ### Screening gates and observed behaviour - Borrower: CIBIL ≥650 · avoid: Engineering, Procurement, and Construction (EPC), Explosives, Arms and Ammunitions, Financial Services, Gems and Jewellery (varies by product) · Maharashtra, Karnataka (varies by product) · Private Limited, Public, Sole proprietorship, Limited Liability Partner · sector-agnostic (45 sectors — full list in data JSON) (varies by product) - Financials: TOL/adjusted tangible net worth ≤5 · debt/EBITDA ≤4 · debt/networth ≤4 · DSCR ≥1 · rev ≥₹100cr (loan against property, loan against securities only) · maximum annualrevenue: 2000 (loan against property, loan against securities only) - Deal: rate 10–18% (range across products — see matrix) · ticket ₹15–1000cr (range across products — see matrix) · tenure 12–84mo · no PEP - Security (observed): Personal Guarantee Of Promoters / Directors / Property Owner (100%) · Escrow Of Cashflows (75%) · 1st/pari-passu charge on current assets (50%) · 1st charge on immovable assets (50%) · share pledge ≤51% (50%) - median ticket ₹60cr - median rate 14% - median turnaround — - Security asked in : Fixed Deposit <5% (×5), FD margin 5–10% (×5), FD margin 10–15% (×5), FD margin 15–20% (×5) - Security asked in : Personal Guarantee Of Promoters/Directors (×4), 2nd charge on current assets (×3), 1st/pari-passu charge on current assets (×2), FD margin 15–20% (×2) - Security asked in 2026: Personal Guarantee Of Promoters / Directors / Property Owner (×4), Escrow Of Cashflows (×3), 1st/pari-passu charge on current assets (×2), 1st charge on immovable assets (×2) - share → in-principle approval (initial interest): ≈3d ## Eligibility - PIRAMAL CAPITAL & HOUSING FINANCELIMITED ### Prefers - Deal being discussed at around 30cr ticket size - Deal can be structured as a takeover of the existing CBI facility combined with disbursement in tranches for the primary portion - Lender's enthusiasm hinges on knowing the builder name (builder-approval-driven appetite) ### Screening gates and observed behaviour - Borrower: age ≥5y · CIBIL ≥650 · avoid: Agriculture and Allied Industries, Auto Components, Automobiles, Aviation, Banking, Biotechnology, Cement, Chemicals, Consumer Durables, Defence Manufacturing, E-Commerce, Education and Training, Electric Vehicle, Electronics System Design & Manufacturing, Engineering and Capital Goods, Engineering, Procurement, and Construction (EPC), Explosives, Arms and Ammunitions, Financial Services, FMCG, Food Processing, Gambling and Betting, Gems and Jewellery, Healthcare, Infrastructure, Insurance, Lottery Business, Manufacturing, Media and Entertainment, Medical Devices, Metals and Mining, Mining Companies, Mining Equipment, Mining Tech, Oil and Gas, Others, Paper & Packaging, Pharmaceuticals, Ports, Power, Railways, Real Estate (asset Light), Renewable Energy, Retail (Consumer Goods), Roads, SaaS, Science and Technology, Services, Services for Mining Industry, Steel, Tech Services, Telecommunications, Textiles, Tobacco Products, Tourism and Hospitality, Trading · Karnataka · positive sector: Real Estate (non asset Light) - Financials: EBITDA ≥₹5cr · runway ≥12mo · rev ≥₹100cr · TOL/adjusted tangible net worth ≤5 · debt/EBITDA ≤4 · debt/networth ≤4 · DSCR ≥1 - Deal: rate 12–18% · ticket ₹15–150cr · tenure 12–84mo - Security (observed): 1st charge on immovable assets (100%) · Escrow Of Cashflows (100%) · Personal Guarantee Of Promoters / Directors / Property Owner (100%) - Security asked in : 1st charge on immovable assets (×1), Personal Guarantee Of Promoters/Directors (×1), Escrow Of Cashflows (×1) - Security asked in 2026: 1st charge on immovable assets (×1), Escrow Of Cashflows (×1), Personal Guarantee Of Promoters / Directors / Property Owner (×1) ## Eligibility - PIRAMAL CAPITAL LIMITED ### Prefers - rate: 1416% rate (can be structured with lower coupon and equity upside) - Instrument: Can do NCD, CCD, OCD - Sectors: except Real estate, EPC, Mining ### Screening gates and observed behaviour - Borrower: CIBIL ≥650 · avoid: Gems and Jewellery, Explosives, Arms and Ammunitions, Financial Services (varies by product) · Telangana (varies by product) · sector-agnostic (50 sectors — full list in data JSON) - Financials: EBITDA ≥₹-100cr (secured term loan) · EBITDA ≥₹1cr (loan against property, loan against securities, overdraft / cash credit) · rev ≥₹100cr · TOL/adjusted tangible net worth ≤5 · debt/EBITDA ≤4 · debt/networth ≤4 · DSCR ≥1 - Deal: rate 10–16% (range across products — see matrix) · ticket ₹15–500cr · tenure 12–84mo · no PEP - Security (observed): Personal Guarantee Of Promoters / Directors / Property Owner (100%) · share pledge ≤51% (60%) - median ticket ₹90cr - median rate 14% - median turnaround — - Security asked in 2026: Personal Guarantee Of Promoters / Directors / Property Owner (×5), share pledge ≤51% (×3), 1st/pari-passu charge on current assets (×2), FD margin 10–15% (×2) ## Eligibility - PIRAMAL RENEWABLE ENERGY PRIVATE LIMITED ### Prefers - Piramal's focus is to get 25% unsecured loan in the mix - Piramal's focus is to get 25% unsecured loan in the mix ### Screening gates and observed behaviour - Borrower: CIBIL ≥650 · Karnataka - Financials: TOL/adjusted tangible net worth ≤5 · debt/EBITDA ≤4 · debt/networth ≤4 · DSCR ≥1 ## Sanctioned terms (from 1 real sanction letter) ### Sanctioned amount: median ₹1.1 cr - median ₹1.1 cr ### Typical security: Immovable Property ×1 - Immovable Property ×1 ### Term sheet by ticket size: (facilities, largest first) - (facilities, largest first) ## Sanctioned terms (from 8 real sanction letters) ### Sanctioned amount: median ₹30L (₹15L–₹1.1 cr) · NEW ×2 - median ₹30L (₹15L–₹1.1 cr) · NEW ×2 ### Typical security: Immovable Property ×1 - Immovable Property ×1 ### Typical covenants: - NOC required for specified actions — 12% of letters (e.g. "NOC required from ECL and RBL.") - NOC required for specified actions — 12% of letters (e.g. "NOC required from ECL and RBL.") ### Term sheet by ticket size: (facilities, largest first) - (facilities, largest first) ## Common questions ### What does Piramal Capital lend? Piramal Capital writes purchase invoice discounting, secured term loan, working capital demand loan. ### What are Piramal Capital's eligibility criteria? The first screen is the bureau: a borrower CIBIL of at least 650. Revenue, leverage and debt-service thresholds apply on top and vary by product. The full credit box for each product is set out on this page. ### What security does Piramal Capital ask for? Observed across sanctions: Personal Guarantee Of Promoters / Directors / Property Owner (100%) · Escrow Of Cashflows (75%) · 1st/pari-passu charge on current assets (50%) · 1st charge on immovable assets (50%) · share pledge ≤51% (50%). ### How do I apply to Piramal Capital? You do not apply to Piramal Capital directly through Recur Club. Answer a short set of questions on Recur Market and your file is scored against Piramal Capital's own recorded criteria alongside every other lender on the panel, so you see where you fit before anyone is approached. ### Is Piramal Capital the right lender for my business? It depends on which product you need, your sector and how your last two years of financials read. The credit box on this page is what Piramal Capital screens on; running your own numbers through Recur Market shows whether you clear it, and which other lenders you clear at the same time. --- Check which lenders fund a business like yours: https://www.recurclub.com/recur-market All lenders: https://www.recurclub.com/lenders Lender intelligence dossier - screening gates, per-product terms and sanction observations, derived from lender policy documents and observed transactions. Figures are observed from a sample and are not an offer, a commitment, or a statement of Piramal Capital's current policy.