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Business Loan in Bilaspur
Bilaspur is a rising hub in Chhattisgarh and is brimming with opportunities for businesses like yours. Whether you're in trading, agriculture, or a budding startup, access to timely finance can be a game-changer. At Shriram Finance, we recognise the unique aspirations of entrepreneurs here. A business loan in Bilaspur from Shriram Finance can provide that important boost to expand your existing operations, invest in modern equipment, or manage your working capital efficiently. Our process is streamlined, transparent, and designed to put you at ease. With business loans in Bilaspur starting from Rs.1 lakh*, and with flexible tenures and competitive interest rates (starting from 10%* p.a. - terms and conditions apply), we aim to be your trusted partner. We offer both secured and unsecured loan options depending on your business needs and eligibility. Let's learn more about business loan in Bilaspur.
Business Loan Types in Bilaspur
Shriram Finance offers several types of business loan in Bilaspur, both secured and unsecured. These include:
Features and Benefits of Business Loans in Bilaspur
If you need financial help to grow your business in Bilaspur, Shriram Finance offers a simple business loan solution. The advantages 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 Bilaspur
At Shriram Finance, interest rates for business loans in Bilaspur start at 10%* p.a. Please check our website or speak with our Bilaspur 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 Bilaspur
Eligibility and Documentation Criteria for Business Loans in Bilaspur
Eligible Applicants:- Limited Liability Partnerships (LLPs)
- Private Limited Companies
- Public Limited Companies
- Sole Proprietorships
- Partnership firms
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:- Business PAN card
- Recent photograph
- Proof of business registration
- Applicant's PAN card
- Six-month bank statement
Step-by-Step Application Process for Business Loans in Bilaspur
Applying for a Shriram Business Loan in Bilaspur 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 Bilaspur
Shriram Finance has a good loan for new and growing businesses in Bilaspur. It's a loan without security, so you don't have to use your things as a promise to pay. You can borrow from Rs. 1 lakh*. These loans from Shriram Finance have easy ways to pay back and low interest costs. It's easy to apply online. These loans are helpful because they don't need security, they get approved fast, and they have good loan rules. To get this loan, your business needs to be working for 3 years or more, and you must give us all the papers we ask for. We give this loan to business owners who fit our requirements.
Our Business Loan Branches in Bilaspur
Shriram Finance has some business loan branches in Bilaspur, so that customers can seamlessly apply for a new loan or manage their existing loan. Key locations include:
Locate Us
Business Loan Customer Care in Bilaspur
For any inquiries or assistance regarding a business loan in Bilaspur, 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 Bilaspur
Track the progress of your business loan application in Bilaspur 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 Bilaspur?
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 Bilaspur?
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 Bilaspur?
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 Bilaspur?
Yes, you can apply for a business loan in Bilaspur. 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 Bilaspur?
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 Bilaspur?
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 Bilaspur?
For a startup business loan in Bilaspur 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 Bilaspur?
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.