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Business Loan in Aurangabad
The city of Aurangabad has a flourishing industrial sector that provides a range of business opportunities and a rich historical legacy. Shriram Finance offers custom loan options with competitive interest rates, beginning at 10%* p.a., and flexible repayment plans designed to suit your business needs. This guide gives you a detailed look at business loans in Aurangabad. We'll cover the different kinds of loans available, who is eligible, interest rates, and how to apply. Our loans feature minimal paperwork, quick approval, and flexible repayment. We offer customised loan solutions, including secured and unsecured business loans. With flexible tenures of up to 84 months and attractive interest rates starting from 10%* p.a., Shriram Finance understands the Aurangabad business environment. Shriram Finance allows businesses to get capital quickly by streamlining the application process. Shriram Finance is a trusted partner for Aurangabad's growth, with business loans starting from Rs1 lakh*.
Business Loan Types in Aurangabad
Shriram Finance offers several types of business loan in Aurangabad, both secured and unsecured. These include:
Features and Benefits of Business Loans in Aurangabad
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 Aurangabad. 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 Aurangabad
Interest rates for Shriram Finance business loans in Aurangabad start from 10%* p.a. For detailed information on interest rates and applicable fees/charges, please refer to the details provided on our website or contact our branch representatives in Aurangabad.
| 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
₹ 1,00,000
Interest Payable
₹ 39,450
Monthly EMI
₹ 1,660
Eligibility and Documentation Criteria for Business Loans in Aurangabad
Eligibility and Documentation Criteria for Business Loans in Aurangabad
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 Aurangabad
Obtaining a Shriram Business Loan in Aurangabad involves five straightforward 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 Aurangabad
Shriram Finance offers an ideal solution for growing businesses in Aurangabad with our unsecured business loan that requires no collateral. An unsecured business loan does not require you to keep any asset as collateral. 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. Applying for an unsecured business loan with Shriram Finance is a hassle-free and easy online process. These loans are beneficial because no collateral is required, the approval process is quicker and easier, 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 three 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.
Our Business Loan Branches in Aurangabad
Shriram Finance has multiple branches across Aurangabad, offering convenient access to loan applications and management. Key locations include:
Locate Us
Business Loan Customer Care in Aurangabad
For any inquiries or assistance regarding a business loan in Aurangabad, Shriram Finance provides 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 Aurangabad
Track the progress of your business loan application in Aurangabad through our website using your reference number. You can also contact our customer care team for real-time updates.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Aurangabad?
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 Aurangabad?
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 Aurangabad?
Shriram Finance provides business loans starting from Rs1 lakh*. The maximum loan amount depends on your business’s needs and eligibility
Can I apply for a business loan in Aurangabad?
Yes, you can apply for a business loan in Aurangabad. 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 Aurangabad?
You can choose a loan tenure from 12 to 48 months for unsecured business loans and 12 – 84 months for secured business loans.
What is the processing time for a business loan in Aurangabad?
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 Aurangabad?
For a startup business loan in Aurangabad 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 Aurangabad?
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.