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Business Loan in Anantapur
Anantapur is known for its farming industry and growing industrial area. Shriram Finance is committed to supporting economic growth by providing loan options made just for them. A business loan in Anantapur can give local businesses the boost they need to modernise and expand. Shriram Finance offers different loan solutions to help businesses in Anantapur achieve their goals. The loans have flexible repayment periods and attractive interest rates. Completing the business loan application online is straightforward, ensuring businesses can secure funding without delay. Shriram Finance understands the distinct needs of businesses in Anantapur, offering a simple application process and expert support. Businesses get the money they need quickly. Shriram Finance is a trusted partner in Anantapur’s economic progress. Business loans start from Rs1 lakh*.
Business Loan Types in Anantapur
Knowing the financial situation in Anantapur, Shriram Finance offers a range of secured and unsecured business loan options, designed to meet the different needs of businesses, including:
Features and Benefits of Business Loans in Anantapur
Shriram Finance is a reliable partner for businesses in Anantapur, providing simple financial solutions and benefits to support their growth:
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 Anantapur
Interest rates for Shriram Finance unsecured business loan options in Anantapur commence from 12%*p.a For detailed information on interest rates and applicable fees/charges, please refer to the specifics provided below. Secured business loan interest rates start from 10%* p.a.
| 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 Loans 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
₹ 1,00,000
Interest Payable
₹ 39,450
Monthly EMI
₹ 1,660
Eligibility and Documentation Criteria for Business Loan in Anantapur
Eligibility and Documentation Criteria for Business Loan in Anantapur
Who Can Apply?- LLPs
- Partnership firms
- Proprietorship firms
- Pvt Ltd companies
- Public 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:- Business registration proof
- Business PAN
- Applicant PAN
- Selfie Photograph
- Bank statement (6 months)
Step-by-Step Application Process for Business Loans in Anantapur
The process to apply for a business loan in Anantapur is designed to be simple and efficient, consisting of 5 clear steps:
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 Anantapur
Shriram Finance is able to support emerging businesses with its unsecured business loan, which doesn't require any form of security. This form of business loan means that you can obtain funding without the need to offer any assets as a guarantee. An unsecured business loan from Shriram Finance is a great way to take care of many different business-related expenses. With Shriram Finance’s unsecured business loans all come with flexible repayment schedules as well as appealing interest percentages. The process of applying for a loan is both easy and straightforward, and can be done completely online. Some of the benefits of these loans are that no collateral is needed, the process for approval is both quick and easy, and the credit terms on offer are typically better than most. So that a business is eligible for an unsecured business loan from Shriram Finance, it must be able to show a minimum amount of time that it has been actively in operation, as well as provide all of the required and requested documentation. It is worth noting that the availability of unsecured business loans may change depending on the particular location of the business.
Our Business Loan Branches in Anantapur
Shriram Finance operates branches in Anantapur, providing convenient access for customers wishing to apply and manage their loans effectively. Find Business Loan Branches in Anantapur near you:
Locate Us
Business Loan Customer Care in Anantapur
For any inquiries or assistance regarding a business loan in Anantapur, 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 Anantapur
To learn the exact status of your current business loan application, please visit our website, where you can enter the reference number for your application. Alternatively, you can contact our customer service team, who will be happy to provide you with up-to-the-minute updates. Choosing Shriram Finance will ensure a smooth lending journey, which has been purposefully structured to assist you in achieving all of your financial goals in Anantapur.
Business Loans in Major Cities
Business Loan FAQs
Who qualifies for a business loan in Anantapur?
Eligible applicants include partnership firms, proprietorship firms, private limited companies, public limited companies, and LLPs. 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 at least 3 years of experience are also eligible.
What is the applicable interest rate on a business loan in Anantapur?
The interest rate for Shriram Business Loans starts from 10%* p.a. For comprehensive details regarding interest rates and applicable fees/charges, please refer to our interest rate policy.
How much funding can I secure for my business in Anantapur?
Shriram Finance offers business loans starting from Rs.1 lakh*. The maximum amount available depends on your business's requirements and eligibility.
Can I submit an application for a business loan in Anantapur?
Yes, you can apply for a business loan in Anantapur. The application process with Shriram Finance is simple; you can apply online or visit one of our branches.
What is the maximum tenure available for a business loan in Anantapur?
You may choose a repayment period ranging from 12 to 48 months for unsecured loans and from 12 – 84 months for secured loans.
What is the expected processing time for a business loan in Anantapur?
The approval time typically takes about 2- 3 business days and depends on the accuracy of your information, fulfillment of eligibility criteria, and submission of required documents.
What are the eligibility criteria for startup loans in Anantapur?
The eligibility criteria for startup loans from Shriram Finance are generally consistent with those required for standard business loans.
What is the initial interest rate for a business loan in Anantapur?
The initial interest rate begins at 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.