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Business Loan in Bokaro Steel City
Bokaro Steel City stands synonymous with industry and enterprise and provides a fertile ground for businesses to thrive. At Shriram Finance, we're dedicated to supporting your entrepreneurial journey with business loans in Bokaro Steel City crafted to meet your specific requirements. Whether you a supplier to the steel plant seeking working capital, or a budding service provider looking to expand, a business loan in Bokaro Steel City could be the solution you need. Let's learn and know more about this in detail.
Business Loan Types in Bokaro Steel City
Shriram Finance offers several types of business loan in Bokaro Steel City, both secured and unsecured. These include:
Features and Benefits of Business Loans in Bokaro Steel City
If you need financial help to grow your business in Bokaro Steel City, 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 Bokaro Steel City
For business loans in Bokaro Steel City, Shriram Finance provides really competitive interest rates, starting from 10%* p.a.. To find out more about interest rates and any potential charges, give our representatives a ring or check out our website.
| 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 Bokaro Steel City
Eligibility and Documentation Criteria for Business Loans in Bokaro Steel City
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 Bokaro Steel City
Applying for a Shriram Business Loan in Bokaro Steel City involves five simple 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 Bokaro Steel City
If you're starting a business in Bokaro Steel City, Shriram Finance has a great loan. It's a loan that doesn't need any security. This means you don't have to use your stuff as a guarantee. 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. If your business has been running for over 3 years, you can apply, and you must give us all the papers we ask for. The eligibility criteria are based on our standards and your company portfolio.
Our Business Loan Branches in Bokaro Steel City
Whether planning to get a new loan, or managing the one you already have, Shriram Finance has set up business loan branches in Bokaro Steel City to make things simple. Check the list below!
Locate Us
Business Loan Customer Care in Bokaro Steel City
For any inquiries or assistance regarding a business loan in Bokaro Steel City, 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 Bokaro Steel City
Track the progress of your business loan application in Bokaro Steel City 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 Bokaro Steel City?
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 Bokaro Steel City?
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 Bokaro Steel City?
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 Bokaro Steel City?
Yes, you can apply for a business loan in Bokaro Steel City. 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 Bokaro Steel City?
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 Bokaro Steel City?
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 Bokaro Steel City?
For a startup business loan in Bokaro Steel City 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 Bokaro Steel City?
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.