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Grow your business with funding from Shriram Finance Shriram Business Loan: Your Complete Financing Solution

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Business Loan Features and Benefits

Shriram Business Loan is a vital financial instrument that empowers entrepreneurs of all scales to meet their various business expenses. Whether it’s a new venture you are launching or a vertical you are expanding, our business loan can help you navigate financial requirements on time. A business loan from Shriram Finance provides flexible repayment tenures, attractive interest rates and more. Learn more about what’s on offer with Shriram Business Loan here and take a step towards fulfilling your business aspirations.

Features of a Business Loan

Shriram Business Loan is designed to provide essential financial support to business owners with timely access to funds and favourable loan terms. With minimal documentation and a seamless application process, our business loan helps you manage your cash flow better, providing the much-needed financial assistance to expand your operations. Some of the more compelling features of Shriram Business Loan are as follows:

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Flexible Loan Amounts

Shriram Business Loan is tailored to suit business requirements of all types, with loan amounts starting from ₹1 Lakh.

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Attractive Interest Rates

Interest rates on our business loans start at just 10%* p.a., helping you save up on the total interest outgo.

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Collateral-free Loans

Along with secured loans, we also provide unsecured business loans, which means you do not have to pledge any assets to get the funding you need.

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Multiple Repayment Tenures

You can choose from a wide range of repayment tenure options, with tenures extending up to 84 months for secured loans and up to 48 months for unsecured loans.

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Quick and Hassle-free Application

Our streamlined process helps you get approved quickly and access the funds you need at the right time.

Benefits of a Business Loan

Besides a hoard of attractive features, Shriram Business Loan also comes with several benefits, making it easy for businesses of all sizes to cater to their diverse funding needs. Here are some of the benefits for your reference:

  • Affordable Borrowing:With low starting interest rates, Shriram Business Loan makes borrowing for your business needs easy on your pockets.
  • Flexibility in Loan Options:You can either choose a secured loan or an unsecured loan, according to your requirements, eligibility and convenience.
  • Effective Cash Flow Management:With quick approvals and disbursals, Shriram Business Loan helps businesses manage their cash flow seamlessly.
  • Minimal Documentation:Shriram Finance aims to keep documentation to a minimum, so that you can concentrate on what’s really important—that is securing the funds you need on time.
  • Round the Clock Customer Care:You can call our customer care any time you want to get prompt resolutions to your queries regarding our loan.
  • Transparent Fee Structure:We disclose all our fees and charges upfront, so that you can make informed borrowing decisions and maximise the benefits of the loan.

Business Loan Features and Benefits FAQs

When should you take a business loan?
A business loan is an ideal choice when you need capital to start, grow or expand your business operations. You can apply for a business loan to manage your cash flow, purchase essential equipment or fund new projects.
What is the minimum and maximum loan amount?
Shriram Business Loan offers loan amounts starting from ₹1 Lakh, making it a suitable option for businesses of all sizes. The maximum loan amount can go up to ₹1 Crore, depending on your eligibility.
What are the eligibility criteria for a business loan?
To be eligible for Shriram Business Loan, you must be between 21 to 65* years of age, should either be self-employed or proprietors with a minimum of 3 years of experience. Your business should also meet the minimum turnover requirements and you must provide all the necessary documentation like financial statements, business registration, identity, and address proof.
How long does the application process for a business loan take?
Applying for a business loan with Shriram Finance is easy and simple. Our seamless application process helps you apply for a loan quickly. Approval is also usually quick, provided you have submitted all the required documents.
Are there any prepayment penalties for a business loan?
Shriram Finance levies a small foreclosure fee on your business loan, which is capped a 4%* on the outstanding loan amount.
Can I apply for a business loan online?
Yes, you can definitely apply for Shriram Business Loan online. Online applications are straightforward, easy and usually take less time than offline applications.
What documents are required for the business loan application?
Some of the key documents required for Shriram Business Loan application include bank statement of the last six months, business registration proof, business PAN, applicant’s PAN, selfie or passport-size photographs. Please note that Shriram Finance may also ask for additional documents during your application process.
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Disclaimer

The information provided in this guide is for educational purposes only and should not be considered financial advice. Always consult with a financial advisor before making investment decisions related to fixed deposits or any other financial products.

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