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Business Loan in Batala
Batala is a pivotal commercial and transportation hub in Punjab, playing a vital role in trade and business activities. For business owners in Batala, securing funds at the right time is essential for expansion and operational growth. A Business Loan from Shriram Finance can provide the necessary financial support. At Shriram Finance, we understand the unique challenges faced by businesses in Batala. Therefore, we offer customised loan solutions with competitive interest rates starting from 10%* p.a. and flexible repayment options tailored to your needs. Our streamlined application process and quick approvals ensure that you receive funds without delays, enabling you to seize new opportunities and grow your business. Discover how a Business Loan in Batala can fuel your success. Continue reading to explore more about our loan offerings and how they can support your business goals.
Business Loan Types in Batala
Shriram Finance offers both secured and unsecured business loans. These are:
Features and Benefits of Business Loans in Batala
If you require financial aid to expand and grow your business, Shriram Finance is the best choice. Benefits are:
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 Batala
Interest rates for Shriram Finance business loans start from 10%* p.a. For more details:
| 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 Batala
Eligibility and Documentation Criteria for Business Loans in Batala
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 Batala
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 Batala
Shriram Finance provides an ideal 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. With Shriram Finance, you can get an unsecured business loan starting from Rs1 lakh*.
Our Business Loan Branches in Batala
At our Batala branch, we remain committed to supporting local businesses with tailored financial solutions designed to meet daily expenses and facilitate business growth. Please visit your nearest branch today.
Locate Us
Business Loan Customer Care in Batala
For any inquiries or assistance regarding a business loan in Batala, reach out to Shriram Finance today!
Business Loan Status in Batala
To check the status of your personal loan application, visit our website and enter your application reference number. Choose Shriram Finance today.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Batala?
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 Batala?
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 Batala?
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 Batala?
Yes, you can apply for a business loan in Batala. You can apply online or visit a branch.
What is the maximum loan tenure for a business loan in Batala?
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 Batala?
The loan approval time is quick. 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 Batala?
For a startup business loan in Batala 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 Batala?
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.