- Gold Price
Gold | 24k (999 Purity)
Silver | 24k (999 Purity)
- Profile IconRegister / Login
Notifications5
Terms and Conditions
Business Loan in Baripada
Baripada is a town teeming with potential for entrepreneurs and existing businesses looking to expand. If you’re setting up a new shop or expanding your footprint, having reliable funding is crucial. Shriram Finance offers business loans in Baripada with appealing interest rates, starting at 10%* p.a., and loan amounts from Rs1 lakh*, specifically designed to bolster your business ambitions. Local businesses in Baripada might encounter distinct challenges, such as fluctuations in seasonal income or the requirement for specific investments catering to tourism. Shriram Finance tackles these issues by providing a selection of secured and unsecured business loan options in Baripada. Offering flexible repayment terms reaching up to 84 months, alongside a simplified documentation process, our loans are moulded to fit the various needs of Baripada businesses. Thanks to our transparent application, monitoring your loan's progress is straightforward, leading to quick disbursement. Whether you are a local artisan, a retailer, or provide essential services, Shriram Finance is ready to back your aspirations with solid and easily accessible financial solutions.
Business Loan Types in Baripada
Shriram Finance provides a comprehensive range of business loan solutions in Baripada, each designed to empower business owners to meet their financial aspirations. Our diverse offerings include:
Features and Benefits of Business Loans in Baripada
Discover the advantages and benefits of business loans in Baripada designed to empower your business growth.
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 Baripada
Shriram Finance provides business loans at competitive rates, starting as low as 10%* p.a. A comprehensive breakdown of our rates, potential fees, and associated charges is available 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
₹ 1,00,000
Interest Payable
₹ 39,450
Monthly EMI
₹ 1,660
Eligibility and Documentation Criteria for Business Loans in Baripada
Eligibility and Documentation Criteria for Business Loans in Baripada
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 Baripada
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 Baripada
Shriram Finance understands the need for accessible funding and offers unsecured business loans from Rs1 lakh* to support businesses in Baripada without the need for collateral. These loans feature simple online applications and manageable repayment terms. To qualify, your business should have been operating for a minimum of 3 years. Since no assets need to be pledged, approvals are typically faster.
Our Business Loan Branches in Baripada
Our friendly team at our Baripada branch are ready to talk you through the business loan options we have available. We can help you find the right solution for your business. Get in touch today to find out more.
Locate Us
Business Loan Customer Care in Baripada
Need assistance with a business loan in Baripada? Shriram Finance's customer care team is here to help. Call us or visit your local branch to chat with one of our advisors.
Business Loan Status in Baripada
Check the status of your business loan application in Baripada in two ways: online with your reference number, or by contacting our customer care team.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Baripada?
In Baripada, a variety of businesses can apply: partnership firms, sole traders, private and public limited companies, and LLPs. We typically look for applicants to be between 21 years to 65 years of age, with at least 3 years of experience running their business.
What is the interest rate on a business loan in Baripada?
Shriram Finance offers competitive interest rates, starting at 10%* p.a. Have a look above for further details about potential charges.
How much loan can I get for my business in Baripada?
Loans start from Rs1 lakh*, and the maximum amount will depend on your business needs and your eligibility.
Can I apply for a business loan in Baripada?
Yes, you can either apply online or visit a Shriram Finance branch in Baripada.
What is the maximum loan tenure for a business loan in Baripada?
The repayment period for unsecured loans ranges from 12 to 48 months. Secured loans offer more flexibility, from 12 – 84 months.
What is the processing time for a business loan in Baripada?
We aim to process loan applications within 2- 3 business days, assuming all eligibility criteria are met, and the necessary documentation is provided.
What is the eligibility for a startup business loan in Baripada?
The criteria are generally similar to our standard business loans.
What is the minimum interest rate for a business loan in Baripada?
Shriram Finance's business loans start with competitive interest rates 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.