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Business Loan in Bhagalpur
Bhagalpur is a major commercial hub with businesses ranging from textile traders to service providers. Business owners often need financial support to manage expenses and invest in growth. Shriram Finance provides business loans in Bhagalpur, with a minimum loan amount of Rs.1 lakh*. Our loans come with competitive interest rates starting at 10%* p.a.. Flexible repayment tenures of up to 84 months ensure that you have the financial freedom your business needs. The application process is easy and requires minimal documentation, giving you access to funds without unnecessary delays.
Business Loan Types in Bhagalpur
This section outlines the various types of business loan facilities available in Bhagalpur:
Features and Benefits of Business Loans in Bhagalpur
Let's explore the features and benefits of business loans in Bhagalpur:
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 Bhagalpur
Planning your business finances in Bhagalpur? Explore Shriram Finance's competitive interest rates and transparent charges on business loans.
| 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 Bhagalpur
Eligibility and Documentation Criteria for Business Loans in Bhagalpur
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 Bhagalpur
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 Bhagalpur
Shriram Finance offers unsecured business loans in Bhagalpur, starting from Rs.1 lakh*. These loans are particularly advantageous for businesses seeking funding without the requirement of collateral. Whether the need is for equipment acquisition, operational expansion, or other financial requirements, we provide a streamlined and convenient solution. The entire application process is conducted online, providing accessibility from any location. Repayment terms are structured to accommodate your business cycle, facilitating comfortable repayment. Businesses operating for three or more years can expect a quick and easy approval process.
Our Business Loan Branches in Bhagalpur
At our Bhagalpur branch, we are committed to assisting local businesses with their financial needs. Be it funding for growth or managing operational expenses, we are here to guide you towards the right loan option.
Locate Us
Business Loan Customer Care in Bhagalpur
Shriram Finance is here for all your business loan inquiries in Bhagalpur. Reach out to our customer support team by phone or visit the branch for personal guidance.
Business Loan Status in Bhagalpur
Checking your business loan application status in Bhagalpur is easy. Enter your reference number on our website for instant updates. For any extra support, our customer care team is always available.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Bhagalpur?
Sole proprietors, LLPs, partnership firms, and private and public limited companies in Bhagalpur can apply. Applicants must be between 21 years to 65 years of age and have at least 3 years of business experience.
What is the interest rate on a business loan in Bhagalpur?
Business loans in Bhagalpur are available at competitive interest rates starting at 10%* p.a. Check the section above for information on additional charges.
How much loan can I get for my business in Bhagalpur?
Loans start at Rs.1 lakh* in Bhagalpur. The maximum loan amount depends on your business needs and eligibility.
Can I apply for a business loan in Bhagalpur?
Yes, you can apply online or by visiting the Shriram Finance branch in Bhagalpur.
What is the maximum loan tenure for a business loan in Bhagalpur?
Unsecured loans are available with repayment terms from 12 to 48 months. Secured loans come with flexible repayment options ranging from 12 â 84 months.
What is the processing time for a business loan in Bhagalpur?
Loan applications are processed within 2- 3 business days, depending on the completion of documentation and meeting eligibility requirements.
What is the eligibility for a startup business loan in Bhagalpur?
Startup business loans in Bhagalpur have similar eligibility criteria as standard business loans.
What is the minimum interest rate for a business loan in Bhagalpur?
Shriram Finance offers business loans in Bhagalpur starting at competitive interest rates of 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.