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Business Loan in Balurghat
For business owners in Balurghat, securing the right financial support is key to sustaining growth and managing day-to-day expenses. Shriram Finance recognises the diverse needs of Balurghat’s entrepreneurial community and offers business loans in Balurghat that cater to both established businesses and new startups. Whether you are looking to improve working capital, purchase new stock, or finance equipment, we provide loan options starting from Rs1 lakh* with flexible terms and competitive interest rates beginning at 10%* p.a.. Our loans are designed with minimal documentation and offer a straightforward application process. With loan tenures of up to 84 months, we ensure that your business has the financial flexibility it needs to thrive in Balurghat’s dynamic market.
Business Loan Types in Balurghat
Looking to grow your business in Balurghat? See our available loan types:
Features and Benefits of Business Loans in Balurghat
Give your business a boost in Balurghat with our versatile business loan solutions, tailored for your needs.
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 Balurghat
At Shriram Finance, we understand that competitive rates are crucial for business owners in Balurghat. Check the full breakdown below to learn more.
| 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 Balurghat
Eligibility and Documentation Criteria for Business Loans in Balurghat
Who can apply?- Partnership firms
- Proprietorship firms
- Pvt ltd companies
- Public Ltd companies
- LLPs
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 Balurghat
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 Balurghat
In Balurghat, business owners can benefit from Shriram Finance’s unsecured business loans, starting from Rs1 lakh*. These loans are ideal for businesses that need funding without the burden of collateral. Whether you're looking to purchase new equipment, expand your operations, or meet other financial needs, our loan offerings provide a simple, stress-free solution. The entire process is done online, making it convenient for you to apply from anywhere. With repayment terms designed to match your business cycle, you can repay the loan comfortably over time. As long as you’ve been in business for at least 3 years, you can expect a smooth approval process and access to funds quickly.
Our Business Loan Branches in Balurghat
The team at our Balurghat branch is dedicated to helping local businesses with their financial needs. Whether it's funding to boost your business operations or assistance with managing expenses, we are here to offer expert advice and help you select the right loan product for your business.
Locate Us
Business Loan Customer Care in Balurghat
For all your business loan inquiries in Balurghat, Shriram Finance is here to assist. Contact our customer support team over the phone or visit one of our local branches for personalised help and guidance.
Business Loan Status in Balurghat
Tracking the progress of your business loan application in Balurghat is straightforward. Enter your reference number on our website to check your application status. For any additional questions, our customer care team is happy to assist.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Balurghat?
In Balurghat, business types including sole traders, private and public limited companies, LLPs, and partnership firms can apply. Applicants should typically be aged between 21 years to 65 years and have a minimum of 3 years of business experience.
What is the interest rate on a business loan in Balurghat?
Shriram Finance provides competitive interest rates starting at 10%* p.a. For more details on charges, refer to the information above.
How much loan can I get for my business in Balurghat?
Business loans start from Rs1 lakh* and can be adjusted according to your business’s specific needs and your eligibility.
Can I apply for a business loan in Balurghat?
You can apply online or visit the Shriram Finance branch in Balurghat to complete your application.
What is the maximum loan tenure for a business loan in Balurghat?
Unsecured loans have a repayment term ranging from 12 to 48 months. Secured loans, however, allow flexibility with repayment terms from 12 – 84 months.
What is the processing time for a business loan in Balurghat?
It usually takes 2- 3 business days for the loan applications to be processed. This is subject to the credibility of your application, meeting the criteria, and submitting all necessary documents.
What is the eligibility for a startup business loan in Balurghat?
Eligibility for startup business loans follows the same criteria as for our standard business loans.
What is the minimum interest rate for a business loan in Balurghat?
The interest rate for business loans starts at 10%* p.a. with Shriram Finance.
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.