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Business Loan in Bharuch
Bharuch, a major industrial centre with its flourishing chemical and textile sectors, shows promising business potential. Shriram Finance supports local business growth through comprehensive loan solutions tailored for various enterprise requirements. In this rapidly evolving industrial landscape, ready access to capital proves crucial for business advancement and modernisation initiatives. Shriram Finance delivers business loans starting from Rs.1 lakh*, with competitive interest rates beginning at 10%* p.a.. The loan offerings are customised to address multiple business objectives, from technology upgradation to working capital enhancement. Shriram Finance ensures a hassle-free borrowing experience with simple documentation and quick processing for both secured and unsecured business loans. The flexible repayment tenure of up to 84 months allows businesses to maintain healthy cash flows.
Business Loan Types in Bharuch
Shriram Finance extends a comprehensive array of secured and unsecured business loans customised for diverse entrepreneurial requirements. Their extensive range encompasses:
Features and Benefits of Business Loans in Bharuch
When seeking financial assistance to scale and advance your business in Bharuch, Shriram Finance stands as a reliable choice for obtaining an efficient business loan. Benefits include:
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 Bharuch
Secure your business growth with competitive interest rates starting at 10%* p.a. from Shriram Finance. Find comprehensive details on rates and charges 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%* |
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 Bharuch
Eligibility and Documentation Criteria for Business Loans in Bharuch
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 Bharuch
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 Bharuch
Growing businesses in Bharuch can access unsecured financing solutions from Shriram Finance, with loan amounts starting from Rs.1 lakh*. This collateral-free option supports business development without requiring asset pledges. The digital application platform ensures a smooth process for eligible enterprises. Businesses need to show proof of 3 years' active operations along with supporting documentation. These loans offer swift processing timelines, competitive rates, and customisable repayment terms compared to asset-backed alternatives. Potential borrowers should understand that approval criteria and conditions are subject to location-based parameters.
Our Business Loan Branches in Bharuch
Experience hassle-free business loan services through Shriram Finance's well-established branch network in Bharuch, offering convenient application processes.
Locate Us
Business Loan Customer Care in Bharuch
For tailored business loan guidance in Bharuch, connect with Shriram Finance's expert customer service team via phone or visit a local branch.
Business Loan Status in Bharuch
Applicants can monitor their loan status conveniently through Shriram Finance's online portal using their unique reference number. The responsive customer care team is available to provide prompt updates about application progress. Shriram Finance maintains an efficient lending process that caters to Bharuch's industrial business needs.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Bharuch?
Various business entities including Partnership firms, Proprietorship firms, Private Limited companies, Public Limited companies, and Limited Liability Partnerships can qualify for a business loan. The age requirement specifies that applicants should be between 21 years to 65 years at application time and should not exceed 65 years at loan maturity. You need to be a business owner, self-employed professional, or proprietor with a minimum of 3 years of business operations.
What interest rates does Shriram Finance offer for business loans in Bharuch?
Shriram Finance provides competitive business loan interest rates starting at 10%* p.a. For detailed information regarding interest rates and other applicable charges, please refer to the interest rate and charges section listed above.
What is the loan amount I can secure for my business in Bharuch?
The minimum business loan amount available through Shriram Finance starts at Rs.1 lakh*. Your maximum loan amount will be calculated based on your specific business requirements and eligibility assessment.
What are the application channels for a business loan in Bharuch?
You have two convenient options to apply for your business loan in Bharuch - through Shriram Finance's online platform or by visiting one of their local branch offices.
What repayment tenures are available for business loans in Bharuch?
Shriram Finance offers flexible repayment options. For unsecured business loans, you can choose a tenure between 12 to 48 months. If you opt for a secured business loan, the repayment period extends from 12 â 84 months.
How long does it take to process a business loan application in Bharuch?
The typical processing duration is 2- 3 business days. This timeline depends on three key factors: accuracy of provided information, fulfillment of eligibility criteria, and submission of complete documentation.
What are the eligibility requirements for startup business loans in Bharuch?
For startup funding, your business must fulfill Shriram Finance's standard business loan eligibility parameters.
What is the base interest rate for business loans in Bharuch?
The minimum interest rate offered by Shriram Finance for business loans begins at 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.