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Business Loan in Ayodhya
Boost your business growth in Ayodhya with financial support from Shriram Finance. Access tailored Business Loan in Ayodhya options designed to empower local businesses. Secure vital capital for expansion, upgrades and smooth operations, all with competitive rates from 10%* p.a.. Shriram Finance offers customised secured and unsecured loans featuring minimal paperwork, quick approval and flexible repayment terms up to 84 months. As a trusted partner for Ayodhya's growth, Shriram Finance provides business loans starting from Rs1 lakh*, streamlining the application process for fast access to funds
Business Loan Types in Ayodhya
Shriram Finance has both secured and unsecured business loans. These are explained in detail as below:
Features and Benefits of Business Loans in Ayodhya
If you are in need of financial aid to expand your business, Shriram Finance is a good choice. Benefits of business loan 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 Ayodhya
Interest rates for Shriram Finance business loans start from 10%* p.a. For more details, refer below :
| 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 Ayodhya
Eligibility and Documentation Criteria for Business Loans in Ayodhya
Who can apply?- Partnership firms
- Proprietorship firms
- Public Ltd companies
- LLPs
- 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 Ayodhya
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 Ayodhya
Shriram Finance provides a great 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. Get an unsecured business loan starting from Rs1 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, 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 3 years, and you must provide all the required documentation. Note that the availability of unsecured business loans may vary depending on the business location.
Our Business Loan Branches in Ayodhya
Branches of Shriram Finance in Ayodhya help customers resolve all their financial concerns. Locations are:
Locate Us
Business Loan Customer Care in Ayodhya
For any inquiries on a business loan in Ayodhya, Shriram Finance offers dedicated customer care services. Do reach out today for personalised support.
Business Loan Status in Ayodhya
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 Ayodhya?
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 Ayodhya?
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 Ayodhya?
Shriram Finance provides business loans starting from Rs1 lakh*. The maximum loan amount depends on your businessâs needs and eligibility
Can I apply for a business loan in Ayodhya?
Yes, you can apply for a business loan in Ayodhya. 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 Ayodhya?
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 Ayodhya?
The loan approval time is fast. 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 Ayodhya?
For a startup business loan in Ayodhyafrom 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 Ayodhya?
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.