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Business Loan in Bhimavaram
Bhimavaram is well-known for its booming aquaculture and agricultural industries, providing many opportunities for business expansion. To tap into these opportunities, financial support is essential. Business loans in Bhimavaram from Shriram Finance offer reliable funding tailored to your needs. Loans start at Rs.1 lakh* with competitive interest rates from 10%* p.a., and both secured and unsecured options are available. The application process is hassle-free, with minimal paperwork and quick approvals. Whether you want to expand aquaculture operations, invest in new technology, or manage day-to-day expenses, our loans are here to support your ambitions and contribute to Bhimavaram's growing economy.
Business Loan Types in Bhimavaram
Explore flexible business loan options in Bhimavaram, created to support businesses across various industries:
Features and Benefits of Business Loans in Bhimavaram
Find out why entrepreneurs in Bhimavaram prefer our business loans for their financial needs:
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 Bhimavaram
Shriram Finance offers competitive business loan interest rates in Bhimavaram, starting at 10%* p.a. The table below provides complete details on rates and associated charges.
| 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 Bhimavaram
Eligibility and Documentation Criteria for Business Loans in Bhimavaram
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 Bhimavaram
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 Bhimavaram
Shriram Finance supports businesses in Bhimavaram by offering unsecured business loans that don’t require collateral. Get access to funding from Rs.1 lakh* with competitive interest rates and repayment options tailored to your needs. The user-friendly online application process ensures quick approvals and efficient disbursal of funds. Businesses in Bhimavaram must have been operational for at least 3 years and provide the required documentation to be eligible.
Our Business Loan Branches in Bhimavaram
Our team at Bhimavaram can provide business loan options suited to your needs, whether it’s for expanding operations, buying equipment, or managing day-to-day expenses. Visit us to find the financing that works for you.
Locate Us
Business Loan Customer Care in Bhimavaram
Looking for business loan assistance in Bhimavaram? Shriram Finance ensures reliable customer service. Call us or visit a branch for customised financial support.
Business Loan Status in Bhimavaram
To check your business loan status in Bhimavaram, simply enter your reference number on our website. For additional help, our dedicated customer care team is available to assist you.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Bhimavaram?
Businesses in Bhimavaram run by Proprietorship firms, Partnership firms, Pvt Ltd companies, Public Ltd companies, or LLPs can apply for loans. Applicants should be 21 years to 65 years old and have at least 3 years of business experience.
What is the interest rate on a business loan in Bhimavaram?
Interest rates start at 10%* p.a. For more details, see the charges section.
How much loan can I get for my business in Bhimavaram?
Loan amounts begin at Rs.1 lakh*, with the final amount based on your business profile and funding needs.
Can I apply for a business loan in Bhimavaram?
Certainly! Apply online or visit the nearest Shriram Finance branch for a smooth process.
What is the maximum loan tenure for a business loan in Bhimavaram?
Secured loans have tenures ranging from 12 – 84 months, while unsecured loans range between 12 to 48 months.
What is the processing time for a business loan in Bhimavaram?
Approval generally takes 2- 3 business days, subject to document verification and eligibility.
What is the eligibility for a startup business loan in Bhimavaram?
Startup loans have eligibility criteria similar to regular business loans.
What is the minimum interest rate for a business loan in Bhimavaram?
The minimum interest rate is 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.