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Business Loan in Bidar
Shriram Finance supports businesses in Bidar by providing customised loans designed to help them grow. They offer funding with attractive interest rates (from 10%* p.a.) for various needs like business expansion, managing working capital, or purchasing equipment. With loan amounts starting from Rs.1 lakh*, businesses can benefit from a simple application process, quick approvals, and flexible repayment options up to 84 months. Shriram Finance offers both secured and unsecured Business Loan in Bidar, understanding the unique needs of businesses in Bidar and aiming to be a dependable partner in their success.
Business Loan Types in Bidar
Shriram Finance offers both secured and unsecured business loans. These include:
Features and Benefits of Business Loans in Bidar
If you require financial help to expand your business, look no further than Shriram Finance. Benefits og a business loan 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 Bidar
Interest rates for Shriram Finance business loans start from 10%* p.a. For more details:
| 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 Bidar
Eligibility and Documentation Criteria for Business Loans in Bidar
Who can apply?- Partnership firms
- Proprietorship firms
- LLPs
- Pvt ltd companies
- Public Ltd companies
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 Bidar
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 Bidar
For young and growing businesses with our unsecured business loan that requires no collateral, you donât have to look beyond Shriram Finance. An unsecured business loan does not require you to pledge your assets to get financing. Get an unsecured business loan starting from Rs.1 lakh* with Shriram Finance. Shriram Finance offers unsecured business loans with flexible repayment tenures and affordable interest rates. These loans are beneficial because no collateral is required, approval process is quicker and easier, and they come with better credit terms. To be eligible for an unsecured business loan from Shriram Finance, your business should have been operational for at least 3 years, and you must provide all the required documentation.
Our Business Loan Branches in Bidar
Visit any Shriram Finance branch in Bidur to explore our financial services
Locate Us
Business Loan Customer Care in Bidar
For help regarding a business loan in Bidar, reach out to Shriram Finance without further delay.
Business Loan Status in Bidar
To check the status of your personal loan application, visit Shriram Finance website and enter your application reference number. You can also contact our customer care support who will be happy to help you.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Bidar?
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 Bidar?
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 Bidar?
Shriram Finance provides business loans starting from Rs.1 lakh*. The maximum loan amount depends on your businessâs needs and eligibility
Can I apply for a business loan in Bidar?
Yes, you can apply for a business loan in Bidar. 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 Bidar?
You can choose a loan tenure from 12 to 48 months for unsecured business loans and 12 â 84 months for secured business loans.
What is the processing time for a business loan in Bidar?
The loan approval time is quick. 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 Bidar?
For a startup business loan in Bidar 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 Bidar?
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.