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Business Loan in Bangalore
Bangalore is India's Silicon Valley. It is a hub of innovation and entrepreneurship. If you're a business owner in this fast-moving city, you know that access to capital is crucial for growth. A Business Loan in Bangalore from Shriram Finance can be the ideal solution. Shriram Finance understands the unique needs of Bangalore businesses. We offer tailored loan solutions with competitive interest rates, starting from 10%* p.a., and flexible repayment options to suit your specific requirements. With our streamlined application process and quick approvals, you can get the capital you need to achieve your business goals. Let's explore how a Business Loan in Bangalore can empower your business to thrive. Keep reading to learn more.
Business Loan Types in Bangalore
Shriram Finance offers diverse secured and unsecured business loan in Bangalore. These include:
Features and Benefits of Business Loans in Bangalore
A Business Loan in Bangalore with Shriram Finance offers many benefits. Key benefits include:
Loan amount
Secured & Unsecured Options
Flexible Repayment Terms
Fast Approvals
Convenient Online Application
Easy EMI Calculation
Business Loan Interest Rates and Charges in Bangalore
Shriram Finance offers competitive interest rates on business loans in Bangalore, starting from 10%* p.a. Contact our representatives or consult our website for detailed information on interest rates and associated fees.
| 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. |
| Foreclosure Charges | Up to 4%* |
How to Use the Business Loan EMI Calculator
Calculate your monthly instalments and overall repayment amount quickly with Shriram Finance's online 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 Bangalore
To be eligible for a Shriram Finance business loan in Bangalore, the following criteria must be met
Eligible Applicants- Partnership firms
- Sole Proprietorships
- Private Limited Companies
- Public Limited Companies
- Limited Liability Partnerships (LLPs)
Eligibility Requirements- Age: Applicants should be between 21* and 70 years old (with loan maturity not exceeding 70 years).
- Professional Profile: Self-employed individuals, business owners, or proprietors must demonstrate a minimum of 3 years of business experience.
Required Documents- Six-month bank statement
- Proof of business registration
- Business PAN card
- Applicant's PAN card
- Recent photograph
Step-by-Step Application Process for Business Loans in Bangalore
Obtaining a Shriram Business Loan in Bangalore 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 Bangalore
Shriram Finance offers an ideal solution for young and growing businesses in Bangalore 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. 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, 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. An unsecured business loan is offered to business owners based on the fulfilment of eligibility criteria.
Our Business Loan Branches in Bangalore
Shriram Finance has multiple branches across Bangalore, offering convenient access to loan applications and management. Key locations include
Locate Us
Business Loan Customer Care in Bangalore
For any inquiries or assistance regarding a business loan in Bangalore, 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 Bangalore
Track the progress of your business loan application in Bangalore 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 Bangalore?
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* and 70 years old (with age at loan maturity not exceeding 70 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 Bangalore?
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 Bangalore?
Shriram Finance provides business loans starting from âı1 lakh. The maximum loan amount depends on your businessâs needs and eligibility
Can I apply for a business loan in Bangalore?
Yes, you can apply for a business loan in Bangalore. 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 Bangalore?
You can choose a loan tenure from 12 to 48 months for unsecured business loans and 12 to 84 months for secured business loans.
What is the processing time for a business loan in Bangalore?
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 Bangalore?
For a startup business loan in Bangalore 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 Bangalore?
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.