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Bhadrak, a town in Odisha, is brimming with ambitious entrepreneurs and established businesses looking to expand. Whether you're setting up a new venture or scaling up operations, access to the right financial support is paramount. Shriram Finance offers business loans in Bhadrak with competitive interest rates starting from 10%* p.a. and loan amounts beginning at Rs.1 lakh*, designed to fuel your business aspirations. Local businesses in Bhadrak sometimes face unique challenges, from fluctuating market prices to the need for specific investments in technology and infrastructure. Shriram Finance addresses these challenges by providing both secured and unsecured business loan options in Bhadrak. This ensures you can invest in essential equipment, expand your premises to serve more customers, or manage your working capital effectively throughout the year. We provide flexible repayment terms extending up to 84 months and a streamlined documentation process. Our transparent application process makes it easy to track your loan status, ensuring quick disbursement so you can focus on what truly matters: growing your business. Whether you're a small agricultural business, a local manufacturer, or a service provider, Shriram Finance is here to support your ambitions with reliable and accessible financial solutions.
Discover the various business loan types by Shriram Finance that can provide the capital you need for growth and success.
Here are the features and benefits you can expect from business loans by Shriram Finance in Bhadrak:
Get a business loan with competitive interest rates from Shriram Finance, starting at 10%* p.a. For more information on interest rates, fees, and other applicable charges, please see 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%* |
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 Bhadrak
Applying for Shriram Business Loan is a 5-step process:
Shriram Finance supports business growth by offering unsecured loans starting from Rs.1 lakh* in Bhadrak, eliminating the need for collateral. These loans feature flexible repayment options and a hassle-free online application process. To qualify, businesses must have a minimum of 3 years of operation. With no asset pledging required, the approval process is faster, allowing businesses to access funds with ease. Whether for expansion or managing daily expenses, Shriram Finance provides the necessary financial support without the stress of collateral.
We have extended our business loan services to Bhadrak. Our team can work with you to find out more about our financial solutions for local businesses. Get in touch to find a solution that fits your needs, whether that's managing expenses or taking your business to the next level.
Do you need help understanding our business loans in Bhadrak? Shriram Finance's dedicated customer support team can help you. Contact us by phone or visit your nearest branch to speak to someone about your options.
It's easy to check on your business loan status in Bhadrak. Use your reference number on our website to see the latest updates. You can also contact our customer care team for assistance.
Who is eligible for a business loan in Bhadrak?
In Bhadrak, business loans are available to various entities: partnership firms, proprietorship firms, private and public limited companies, and LLPs. Eligibility criteria include being between 21 years to 65 years old at the time of application and having at least 3 years of business experience.
What is the interest rate on a business loan in Bhadrak?
Shriram Finance offers competitive interest rates, starting from 10%* p.a.
How much loan can I get for my business in Bhadrak?
Loan amounts begin at Rs.1 lakh*, with the maximum limit determined by your business needs and eligibility.
Can I apply for a business loan in Bhadrak?
Yes, apply online or visit a Shriram Finance branch in Bhadrak.
What is the maximum loan tenure for a business loan in Bhadrak?
For unsecured loans, tenure ranges from 12 to 48 months, while secured loans offer flexibility from 12 â 84 months.
What is the processing time for a business loan in Bhadrak?
Loan approvals generally take 2- 3 business days.
What is the eligibility for a startup business loan in Bhadrak?
Startup loan eligibility criteria are similar to those for regular business loans.
What is the minimum interest rate for a business loan in Bhadrak?
Shriram Finance provides business loans at interest rates starting from 10%* p.a.
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.