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Shriram Finance aims to fuel the growth of businesses in Bhadravati by offering tailored loan solutions. They provide funding for various business needs such as expansion, working capital, or equipment purchases, with attractive interest rates starting at 10%* p.a. loan options, including secured and unsecured Business Loan in Bhadravati, start from Rs.1 lakh*, and businesses can benefit from a streamlined application process, quick approvals, and flexible repayment options extending up to 84 months. Understanding the specific needs of the Bhadravati business environment, Shriram Finance strives to be a reliable partner in their financial success.
Shriram Finance has both secured and unsecured business loans. These are explained in detail:
If you want to expand your business, choose Shriram Finance business loan. Benefits include:
Interest rates for Shriram Finance business loans start from 10%* p.a. For further 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%* |
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 Bhadravati
Applying for Shriram Business Loan is a 5-step process:
For young and growing businesses with our unsecured business loan that requires no collateral, reach out to Shriram Finance. An unsecured business loan does not require you to pledge your assets to get financing. Get an unsecured business loan starting from Rs.1 lakh* with Shriram Finance. Shriram Finance offers unsecured business loans with flexible repayment tenures and affordable interest rates. These loans are very useful because no collateral is needed, approval process is fast and they come with better credit terms. To be eligible for an unsecured business loan from Shriram Finance, your business should have been operational for at least 3 years, and you must provide all the required documentation.
Drop by any Shriram Finance branch in Bhadravati to find out about our financial services.
For assistance regarding a business loan in Bhadravati, reach out to Shriram Finance today!
To check the status of your personal loan application, visit Shriram Finance website and enter your application reference number. You can also contact our customer care support.
Who is eligible for a business loan in Bhadravati?
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 Bhadravati?
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 Bhadravati?
Shriram Finance provides business loans starting from Rs.1 lakh*. The maximum loan amount depends on your business’s needs and eligibility
Can I apply for a business loan in Bhadravati?
Yes, you can apply for a business loan in Bhadravati. Applying for a business loan with Shriram Finance is very easy. You can apply online or visit a branch.
What is the maximum loan tenure for a business loan in Bhadravati?
You can choose a loan tenure from 12 to 48 months for unsecured business loans and 12 – 84 months for secured business loans.
What is the processing time for a business loan in Bhadravati?
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 Bhadravati?
For a startup business loan in Bhadravati 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 Bhadravati?
The minimum interest rate starts 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.