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Business Loan in Aizawl
Aizawl, a real hub of enterprise in India, benefits from the loan solutions offered by Shriram Finance. Getting hold of capital is vital for expanding, upgrading, and keeping things running smoothly. Shriram Finance offers Business Loans in Aizawl with competitive rates (starting from 10%* p.a.). Shriram Finance aims to provide a straightforward experience with minimal paperwork, speedy loan approvals, and flexible repayment options. They offer both secured and unsecured business loans, with flexible tenures of 84 months. Shriram Finance understands the Aizawl business environment and streamlines the application process to ensure businesses can access capital quickly. As a trusted partner for growth in Aizawl, Shriram Finance provides business loans starting from Rs.1 lakh*.
Business Loan Types in Aizawl
Shriram Finance has a variety of secured and unsecured business loans. These are:
Features and Benefits of Business Loans in Aizawl
Shriram Finance is an ideal choice for availing a hassle-free business loan. Benefits include:
Online EMI Calculator
Loans starting from Rs. 1 lakh*
Secured & Unsecured Loans
Quick Loan & Approvals
Flexible Loan Tenure
Hassle-free Online Process
Business Loan Interest Rates and Charges in Aizawl
Interest rates for Shriram Finance business loans start from 10%* p.a. For more information:
| Type of Fees | Applicable Charges |
|---|---|
| Interest Rate | Customised interest rates starting from 10%* p.a. |
| Processing Fees | Up to 5%* |
| Late Payment Fees | 36%* p.a on the Overdue Amount |
| Foreclosure Charges | Up to 4%* |
How to Use the Business Loan EMI Calculator
STEP 01
Required loan amount
STEP 02
Interest rate
Min 10%
Max 30%
STEP 03
Min 12 months
Max 84 months
Loan Summary
Loan
Loan Amount
âı 1,00,000
Interest Payable
âı 39,450
Monthly EMI
âı 1,660
Eligibility and Documentation Criteria for Business Loans in Aizawl
Eligibility and Documentation Criteria for Business Loans in Aizawl
Who can apply?- Public Ltd companies
- LLPs
- Partnership firms
- Proprietorship firms
- Pvt ltd companies
Eligibility Criteria- Age: 21 years to 65 years (Age at loan maturity should not exceed 65 years)
- Occupation: Self-employed individuals, business owners, or proprietors with a minimum of 3 years of business experience.
Documents Required:- Bank statement (6 months)
- Business registration proof
- Business PAN
- Applicant PAN
- Selfie Photograph
Step-by-Step Application Process for Business Loans in Aizawl
Applying for Shriram Business Loan is a 5-step process:
Step 1
Register using your mobile numberStep 2
Enter loan detailsStep 3
Enter business detailsStep 4
Receive a verification call from usStep 5
Get your loan disbursed
Unsecured Business Loans in Aizawl
Shriram Finance provides an ideal solution for young and growing businesses with our unsecured business loan that requires no collateral. An unsecured business loan does not require you to pledge any of your assets to get financing. With Shriram Finance, you can get an unsecured business loan starting from Rs.1 lakh*. Shriram Finance offers unsecured business loans with flexible repayment tenures and affordable interest rates. These loans are beneficial because no collateral is required, approval process is quicker, and they come with better credit terms. To be eligible for an unsecured business loan from Shriram Finance, your business should have been operational for at least 3 years, and you must provide all the required documentation. An unsecured business loan is offered to business owners based on the fulfilment of eligibility criteria. Note that the availability of unsecured business loans may vary depending on the business location.
Our Business Loan Branches in Aizawl
The branches of Shriram Finance located in Aizawl make it convenient for customers to apply and manage their loans. Locations include:
Locate Us
Business Loan Customer Care in Aizawl
For assistance regarding a business loan in Aizawl, Shriram Finance offers dedicated customer care services.
Business Loan Status in Aizawl
To check the status of your personal loan application, visit our website and enter your application reference number. You can also contact customer care for real-time updates on your loan processing status. Choose Shriram Finance today!
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Aizawl?
Partnership firms, Proprietorship firms, Pvt Ltd companies, Public Ltd companies, and LLPs are eligible to apply for a business loan. The applicant should be between 21 years to 65 years old (with age at loan maturity not exceeding 65 years). Self-employed individuals, business owners, or proprietors with a minimum of 3 years of business experience are also eligible.
What is the interest rate on a business loan in Aizawl?
The interest rate for Shriram Business Loan starts from 10%* p.a. For detailed information on interest rates and applicable fees/charges, please refer to their interest rate and charges section above.
How much loan can I get for my business in Aizawl?
Shriram Finance provides business loans starting from Rs.1 lakh*. The maximum loan amount depends on your businessâs needs and eligibility
Can I apply for a business loan in Aizawl?
Yes, you can apply for a business loan in Aizawl. Applying for a business loan with Shriram Finance is very easy. You can apply online or visit a branch.
What is the maximum loan tenure for a business loan in Aizawl?
You can choose a loan tenure from 12 to 48 months for unsecured business loans and 12 â 84 months for secured business loans.
What is the processing time for a business loan in Aizawl?
The loan approval time is quick. This is dependent on the credibility of the information furnished, fulfilment of the eligibility criteria, and submission of relevant documents.
What is the eligibility for a startup business loan in Aizawl?
For a startup business loan in Aizawl from Shriram Finance, the eligibility criteria are generally the same as for a regular business loan.
What is the minimum interest rate for a business loan in Aizawl?
The minimum interest rate starts from 10%* p.a.
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.