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Business Loan in Bhilai
Bhilai is a city in Chhattisgarh known for its steel plant and industrial activities and presents various opportunities for businesses. Shriram Finance is dedicated to empowering businesses in Bhilai with tailored business loan solutions. Access to capital is essential for expansion, upgrades, and smooth operations. Our business loans come with competitive rates (starting from 10%* p.a.), and loan amounts tailored to meet specific business needs; whether it's for business expansion, working capital, purchasing equipment, or managing expenses. Our loans feature minimal paperwork, quick approval, and flexible repayment. We offer customised loan solutions which includes secured and unsecured business loans. With flexible tenures of up to 84 months and attractive interest rates starting from 10%* p.a., Shriram Finance understands the Bhilai business environment. By streamlining the application process, Shriram Finance allows businesses to get capital quickly. Shriram Finance is a trusted partner for Bhilai's growth, with business loans starting from Rs.1 lakh*.
Business Loan Types in Bhilai
Shriram Finance offers several types of business loan in Bhilai, both secured and unsecured. These include:
Features and Benefits of Business Loans in Bhilai
Shriram Finance offers a straightforward business loan to support business expansion in Bhilai. With loans starting from Rs.1 lakh*, financing is within easy reach.
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 Bhilai
At Shriram Finance, interest rates for business loans in Bhilai start at 10%* p.a. Please check our website or speak with our Bhilai branch staff for complete details on interest rates and any associated fees.
| 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
₹ 1,00,000
Interest Payable
₹ 39,450
Monthly EMI
₹ 1,660
Eligibility and Documentation Criteria for Business Loans in Bhilai
Eligibility and Documentation Criteria for Business Loans in Bhilai
Eligible Applicants:- Sole Proprietorships
- Partnership firms
- Limited Liability Partnerships (LLPs)
- Private Limited Companies
- Public Limited Companies
Eligibility Requirements:- Professional Profile: Self-employed individuals, business owners, or proprietors must demonstrate a minimum of 3 years of business experience.
- Age: Applicants should be between 21 years to 65 years old (with loan maturity not exceeding 65 years).
Required Documents:- Applicant's PAN card
- Six-month bank statement
- Business PAN card
- Recent photograph
- Proof of business registration
Step-by-Step Application Process for Business Loans in Bhilai
Obtaining a Shriram Business Loan in Bhilai involves five straightforward steps:
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 Bhilai
For expanding businesses in Bhilai, Shriram Finance presents the perfect unsecured loan, beginning at Rs.1 lakh*, which doesn't require any collateral. This means you won't need to pledge any assets to obtain financing. We provide unsecured loans featuring flexible repayment schedules, competitive interest rates, and a simple online application. Key advantages include a faster approval process, no need for collateral, and favourable loan conditions. To qualify, your business must have been running for at least 3 years and you'll need to furnish the required paperwork. Loan approval is subject to meeting eligibility criteria
Our Business Loan Branches in Bhilai
Shriram Finance has multiple branches across Bhilai, offering convenient access to loan applications and management. Key locations include:
Locate Us
Business Loan Customer Care in Bhilai
For any inquiries or assistance regarding a business loan in Bhilai, Shriram Finance provides dedicated customer care services. You can reach out via phone or visit any branch for personalised support. Contact details and branch addresses can be found on our website.
Business Loan Status in Bhilai
Track the progress of your business loan application in Bhilai through our website using your reference number. You can also contact our customer care team for real-time updates.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Bhilai?
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 Bhilai?
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 Bhilai?
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 Bhilai?
Yes, you can apply for a business loan in Bhilai. 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 Bhilai?
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 Bhilai?
The loan approval time is approximately 2- 3 business days. 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 Bhilai?
For a startup business loan in Bhilai 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 Bhilai?
The minimum interest rate starts 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.