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Bhiwandi is a major logistics and warehousing hub near Mumbai which presents numerous opportunities for businesses. Shriram Finance is dedicated to empowering businesses in Bhiwandi with tailored business loan solutions. Access to capital is essential for expansion, upgrades and ensuring smooth operations. Our business loans have competitive rates (starting from 10%* p.a.), and loan amounts tailored to meet specific business needs; used 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 Bhiwandi business environment. By streamlining the application process, Shriram Finance allows businesses to get capital quickly.
Shriram Finance offers several types of business loan in Bhiwandi, both secured and unsecured. These include:
To fuel your business growth in Bhiwandi, consider Shriram Finance's convenient business loan options.
At Shriram Finance, interest rates for business loans in Bhiwandi start at 10%* p.a. Please check our website or speak with our Bhiwandi 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%* |
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 Bhiwandi
Obtaining a Shriram Business Loan in Bhiwandi involves five straightforward steps:
Growing your business in Bhiwandi? Shriram Finance offers unsecured loans from Rs. 1 lakh * that don't need collateral. Forget about pledging assets; with us, you can access funds quickly and easily. Benefit from flexible repayment options, competitive interest rates and a streamlined online application. Unsecured loans mean quicker approvals, no collateral requirements and better credit terms. You're eligible if your business has been operating for a minimum of 3 years and you can provide the necessary documents. Meeting the eligibility criteria is necessary for loan approval.
Shriram Finance has multiple branches across Bhiwandi, offering convenient access to loan applications and management. Key locations include:
For any inquiries or assistance regarding a business loan in Bhiwandi, 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.
Track the progress of your business loan application in Bhiwandi through our website using your reference number. You can also contact our customer care team for real-time updates.
Who is eligible for a business loan in Bhiwandi?
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 Bhiwandi?
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 Bhiwandi?
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 Bhiwandi?
Yes, you can apply for a business loan in Bhiwandi. 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 Bhiwandi?
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 Bhiwandi?
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 Bhiwandi?
For a startup business loan in Bhiwandi 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 Bhiwandi?
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.