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Business Loan in Bankura
Bankura’s growing business landscape demands financial solutions that can match its entrepreneurial spirit. Shriram Finance offers business loans in Bankura, providing local business owners with the capital they need for growth and expansion. Whether you are managing working capital, upgrading your facilities, or purchasing equipment, our loans come with flexible terms and competitive interest rates starting at 10%* p.a.. We offer both secured and unsecured loans to cater to a wide range of business needs. Our streamlined application process, with minimal paperwork, ensures that you can access the funds quickly and efficiently. With loan amounts starting from Rs1 lakh*, we are committed to supporting the growth and development of businesses in Bankura.
Business Loan Types in Bankura
Shriram Finance offers a comprehensive set of business loan products in Bankura:
Features and Benefits of Business Loans in Bankura
Elevate your business in Bankura with our diverse range of business loans, designed to fuel your entrepreneurial spirit.
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 Bankura
We ensure transparency with all costs involved, including interest rates, fees, and charges. Find all the relevant details below to plan your loan wisely.
| 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 Bankura
Eligibility and Documentation Criteria for Business Loans in Bankura
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 Bankura
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 Bankura
For business owners in Bankura, Shriram Finance provides unsecured business loans starting at Rs1 lakh*, enabling you to meet your financial requirements without the need for collateral. Whether you're looking to manage working capital or invest in growth, our unsecured loans give you the flexibility to secure the capital you need. The online application process is fast and simple, allowing you to apply without leaving your office or home. With repayment options tailored to your business's cash flow, you can choose the most suitable plan for your needs. As long as you’ve been in business for at least 3 years, you’re eligible for fast approval, ensuring that your business doesn’t miss any opportunities due to delays.
Our Business Loan Branches in Bankura
At our Bankura branch, our experienced advisors are ready to help you navigate the various business loan options we offer. Whether you are looking to expand, invest in equipment, or manage cash flow, we are committed to helping you find the right financial solution.
Locate Us
Business Loan Customer Care in Bankura
At Shriram Finance in Bankura, we are always ready to assist you with your business loan requirements. Our dedicated customer support team is available for phone consultations, or you can visit any of our branches for one-on-one support.
Business Loan Status in Bankura
In Bankura, you can easily track your business loan application status online by entering your reference number on our website. If you prefer, our customer care team is always ready to provide updates and answer your questions.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Bankura?
In Bankura, businesses such as partnership firms, private and public limited companies, LLPs, and sole traders are eligible to apply. Applicants should generally be between 21 years to 65 years of age and have a minimum of 3 years of operational experience.
What is the interest rate on a business loan in Bankura?
Shriram Finance offers business loans starting from 10%* p.a. Please refer to the above section for additional information on applicable charges.
How much loan can I get for my business in Bankura?
Business loans begin at Rs1 lakh* and can be higher depending on your business’s eligibility and financial needs.
Can I apply for a business loan in Bankura?
Yes, you can apply online or visit the Shriram Finance branch in Bankura to start your application.
What is the maximum loan tenure for a business loan in Bankura?
The loan tenure for unsecured loans is between 12 to 48 months, while secured loans offer greater flexibility, ranging from 12 – 84 months.
What is the processing time for a business loan in Bankura?
Expect your loan decision within 2- 3 business days, contingent on the information provided, eligibility requirements, and complete documentation.
What is the eligibility for a startup business loan in Bankura?
The eligibility criteria for a startup business loan are similar to those for standard business loans
What is the minimum interest rate for a business loan in Bankura?
Business loans at Shriram Finance start with a minimum interest rate of 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.