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Business Loan in Berhampur

Berhampur is a commercial and trading centre in Odisha. It has thriving businesses across various sectors. Whether you need funding for expansion, equipment purchases, or working capital, business loans in Berhampur from Shriram Finance offer the right financial support. Our loans start from Rs.1 lakh*, with competitive interest rates beginning at 10%* p.a., ensuring affordability and flexibility. For business owners in Berhampur, access to financial support can be a challenge. Shriram Finance offers a range of business loan types in Berhampur, including secured and unsecured options, to help businesses meet their growth needs. With repayment tenures of up to 84 months and minimal documentation, securing a loan is hassle-free. With a quick and transparent loan process, you can check your business loan status easily, ensuring timely access to funds. Whether you run a wholesale business, a local manufacturing unit, or a service-based enterprise, Shriram Finance is committed to supporting your business aspirations.

Business Loan Types in Berhampur

Shriram Finance offers a comprehensive range of business loans in Berhampur, designed to meet the financial needs of various enterprises. Our offerings include:

Trade Finance
Trade Finance
Helps businesses involved in trade by offering financial support through instruments like letters of credit, invoice factoring, and export credit insurance.
Working Capital Loan
Working Capital Loan
Assists businesses in covering immediate expenses such as payroll, inventory procurement, equipment purchases, and tax payments.
Startup Business Loan
Startup Business Loan
Supports budding entrepreneurs with funds to set up or expand their business, covering marketing, product development, and operational costs.
MSME Loan
MSME Loan
Specifically designed for micro, small, and medium enterprises to help with working capital, business growth, and infrastructure expansion.
Shop Loan
Shop Loan
Financial support for retailers, boutique owners, and local businesses to manage inventory, daily operations, and marketing expenses.
GST Business Loan
GST Business Loan
Helps businesses sustain cash flow and meet tax obligations efficiently, using GST returns as the basis for loan eligibility.
Loan Without Financials
Loan Without Financials
Enables startups and businesses without detailed financial documentation to secure funding with a simplified process.
Supply Chain Finance
Supply Chain Finance
Provides structured payment solutions for businesses and suppliers, ensuring uninterrupted cash flow at competitive rates.
Supply Chain Finance
Business Loan for Women
Specially crafted to empower women entrepreneurs with financial support to build, expand, and sustain their businesses.

Features and Benefits of Business Loans in Berhampur

Entrepreneurs in Berhampur need financial backing to turn ideas into reality. Shriram Finance provides business loan solutions that support growth and stability.

Online EMI Calculator

Online EMI Calculator

Accurately calculate your monthly payments with our easy-to-use online EMI Calculator.
Loans starting from Rs. 1 lakh*

Loans starting from Rs. 1 lakh*

Manage your business expenses with loans starting from Rs. 1 lakh*.
Secured & Unsecured Loans

Secured & Unsecured Loans

Shriram Finance offers both secured and unsecured business loan options, depending on your business location. Get an unsecured business loan at an interest rate of 12%*p.a. and secured business loan at 10%* p.a.
Quick Loan & Approvals

Quick Loan & Approvals

Expect a fast loan approval process to ensure your business needs are met on time. The approval time is about 2- 3 business days, based on the reliability of the information provided, meeting the requirements, and submission of the necessary documents.
Flexible Loan Tenure

Flexible Loan Tenure

Choose from a range of flexible tenure options. Secured Loans start from 12 – 84 months, and unsecured business loans range from 12 to 48 months.
Hassle-free Online Process

Hassle-free Online Process

Apply for your loan and get it approved online in a few simple steps.

Business Loan Interest Rates and Charges in Berhampur

You can get a business loan from Shriram Finance with interest rates beginning at 10%* p.a. Details concerning interest rates, fees, and charges are listed below.

Type of Fees Applicable Charges
Interest Rate Customised interest rates starting from 10%* p.a.
Processing FeesUp to 5%*
Late Payment Fees36%* p.a on the Overdue Amount
Foreclosure ChargesUp 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

Loan tenure
months

Min 12 months

Max 84 months

Loan Summary

loangraph

Loan

Loan Amount

₹ 1,00,000

Interest Payable

₹ 39,450

Monthly EMI

₹ 1,660

Eligibility and Documentation Criteria for Business Loans in Berhampur

Eligibility and Documentation Criteria for Business Loans in Berhampur

  • Individual IconWho can apply?
    • Partnership firms
    • Proprietorship firms
    • Pvt ltd companies
    • Public Ltd companies
    • LLPs
  • Individual IconEligibility 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.
  • Individual IconDocuments Required:
    • Bank statement (6 months)
    • Business registration proof
    • Business PAN
    • Applicant PAN
    • Selfie Photograph

Step-by-Step Application Process for Business Loans in Berhampur

Applying for Shriram Business Loan is a 5-step process:

How To Apply

  • Step 1

    Register using your mobile number

  • Step 2

    Enter loan details

  • Step 3

    Enter business details

  • Step 4

    Receive a verification call from us

  • Step 5

    Get your loan disbursed

Unsecured Business Loans in Berhampur

Entrepreneurs in Berhampur need financial backing to scale their businesses effectively. Shriram Finance offers unsecured business loans starting from Rs.1 lakh*, designed to provide funding without the requirement of collateral. These loans come with flexible repayment options and a simple online application. Businesses with a minimum of 3 years in operation can apply. With no need to pledge assets, the approval process is smoother, giving business owners access to essential funds without added financial pressure.

Our Business Loan Branches in Berhampur

Businesses in Berhampur can benefit from our customized business loan solutions. We assist with both expansion initiatives and the management of daily operational expenses. Contact us today to discuss your business financing needs.

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Business Loan Customer Care in Berhampur

Have questions about business loans in Berhampur? Shriram Finance offers dedicated customer care support. Reach us by phone or visit one of our convenient branch locations for assistance.

Toll Free

Business Loan Status in Berhampur

Track your business loan status in Berhampur with ease. Enter your reference number on our website for real-time updates. Our customer care team is available to answer any questions you may have.

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Business Loan FAQs

Who is eligible for a business loan in Berhampur?

Business loans can be applied by Partnership firms, Proprietorship firms, Pvt Ltd companies, Public Ltd companies, and LLPs. Applicants must between be between the ages of 21 years to 65 years. The loan maturity age should be within 65 years. Self-employed individuals and business owners with at least 3 years of experience are also eligible.

What is the interest rate on a business loan in Berhampur?

Shriram Finance provides business loans at interest rates starting from 10%* p.a. Additional fee details are mentioned above.

How much loan can I get for my business in Berhampur?

Loan amounts begin from Rs.1 lakh*, with the final loan amount determined by business eligibility and financial requirements.

Can I apply for a business loan in Berhampur?

Yes, applying for a business loan is simple. You can apply online or visit a Shriram Finance branch in Berhampur.

What is the maximum loan tenure for a business loan in Berhampur?

The tenure for unsecured loans ranges from 12 to 48 months, while secured loans offer repayment terms 12 – 84 months.

What is the processing time for a business loan in Berhampur?

Loan processing typically takes 2- 3 business days, depending on eligibility and required documentation.

What is the eligibility for a startup business loan in Berhampur?

Startup business loans follow similar eligibility criteria as regular business loans.

What is the minimum interest rate for a business loan in Berhampur?

Business loan interest rates at Shriram Finance start 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.