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Business Loan in Amravati
Amravati is a growing commercial hub in Maharashtra. It presents a wealth of opportunities for entrepreneurs. Shriram Finance is dedicated to empowering businesses in Amravati with customised business loan solutions. Access to capital is essential for business expansion and infrastructure upgrades, as well as for ensuring smooth day-to-day operations. Our business loans come with attractive interest rates (starting from 10%* p.a.) and loan amounts tailored to meet diverse business needs. With repayment tenures extending up to 84 months, Shriram Finance understands the financial requirements of businesses in Amravati. By simplifying the loan application procedure, we enable businesses to access the necessary funds swiftly. Shriram Finance is your trusted partner for growth in Amravati, providing business loans starting from Rs.1 lakh*.
Business Loan Types in Amravati
Shriram Finance provides a wide range of secured and unsecured business loans to facilitate your business needs in Amravati. These include:
Features and Benefits of Business Loans in Amravati
If you are in need of financial aid to expand and grow your business, Shriram Finance is an ideal choice for availing a hassle-free business loan in Amravati. 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 Amravati
Business loans in Amravati interest rates start at 10%* p.a. For more information on interest rates and applicable fees/charges, please refer to the details provided on our website or contact our branch in Amravati.
| 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 Amravati
Eligibility and Documentation Criteria for Business Loans in Amravati
Eligible Applicants:- Sole Proprietorships
- Partnership firms
- Limited Liability Partnerships (LLPs)
- Private Limited Companies
- Public Limited Companies
Eligibility Requirements:- Professional Profile: Self-employed individuals, business owners, or proprietors must demonstrate a minimum of 3 years of business experience.
- Age: Applicants should be between 21 years to 65 years old (with loan maturity not exceeding 65 years).
Required Documents:- Applicant's PAN card
- Six-month bank statement
- Business PAN card
- Recent photograph
- Proof of business registration
Step-by-Step Application Process for Business Loans in Amravati
Applying for a Shriram Business Loan in Amravati is a simple 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 Amravati
Shriram Finance's unsecured business loan, which doesn't require collateral, is the perfect answer for expanding businesses in Amravati. An unsecured business loan from Shriram Finance starts at Rs. 1 lakh*. Unsecured business loans with adjustable payback terms and reasonable interest rates are available from Shriram Finance. Shriram Finance offers a simple and hassle-free online application process for unsecured business loans. These loans are advantageous due to their superior credit conditions, quicker and simpler approval process, and lack of collateral requirements. Your business must have been in operation for at least 3 years and you must submit the necessary paperwork in order to be eligible for an unsecured business loan from Shriram Finance.
Our Business Loan Branches in Amravati
Shriram Finance has branches across Amravati, making it convenient for customers to apply and manage their loans. Key locations include:
Locate Us
Business Loan Customer Care in Amravati
For any inquiries or assistance regarding a business loan in Amravati, Shriram Finance offers dedicated customer care services. You can reach out via phone or visit any branch for personalised support. Contact details and branch addresses can be found on our website.
Business Loan Status in Amravati
To check the status of your business loan application in Amravati, visit our website and enter your application reference number. You can also contact customer care for real-time updates on your loan processing status.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Amravati?
A business loan can be applied for by partnership firms, proprietorship firms, Pvt Ltd companies, Public Ltd companies, and LLPs. The applicant must be between the ages of 21 years to 65 years of business experience.
What is the interest rate on a business loan in Amravati?
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 Amravati?
Shriram Finance provides business loans starting from Rs.1 lakh*. The maximum loan amount depends on your business's needs and eligibility.
Can I apply for a business loan in Amravati?
Yes, you can apply for a business loan in Amravati. 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 Amravati?
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 Amravati?
The loan approval time is approximately 2- 3 business days. 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 Amravati?
For a startup business loan in Amravati 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 Amravati?
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.