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Business Loan in Burhanpur
Burhanpur, a city renowned for its textile and trade industries, offers immense opportunities for businesses to expand and innovate. Whether you are looking to upgrade equipment, stock up on inventory, or invest in new projects, having access to the right financial support can make all the difference. At Shriram Finance, we offer both secured and unsecured business loan in Burhanpur to cater to different business needs. Our secured loans, backed by collateral, provide higher loan amounts with extended repayment tenures, making them ideal for long-term investments. On the other hand, our unsecured loans offer quick access to funds without the need for security, helping businesses manage short-term financial needs efficiently. With loan amounts starting from Rs.1 lakh*, Shriram Finance ensures that businesses in Burhanpur have the financial flexibility they need to grow. Explore our loan options and take your business to the next level!
Business Loan Types in Burhanpur
Shriram Finance provides customised business loan options in Burhanpur, catering to diverse financial requirements.
Features and Benefits of Business Loans in Burhanpur
For businesses in Burhanpur seeking financial assistance, Shriram Finance is a dependable choice. Here's why:
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 Burhanpur
For a clear understanding of the interest rates associated with Shriram Finance business loans, starting at 10%* p.a., please refer to the table below.
| 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 Burhanpur
Eligibility and Documentation Criteria for Business Loans in Burhanpur
Who can apply?- Partnership firms
- LLPs
- Pvt ltd companies
- Proprietorship firms
- 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 PAN
- Applicant PAN
- Business registration proof
- Selfie Photograph
Step-by-Step Application Process for Business Loans in Burhanpur
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 Burhanpur
For businesses in Burhanpur, Shriram Finance offers unsecured loans that don't require collateral. With amounts starting from Rs.1 lakh*, you can easily access funds to grow your business, without needing to risk any of your assets.
Our Business Loan Branches in Burhanpur
If you're searching for a Shriram Finance branch near you in Burhanpur, simply use our handy branch locator tool for guidance to the closest location.
Locate Us
Business Loan Customer Care in Burhanpur
For any questions or help regarding a business loan in Burhanpur, reach out to Shriram Finance today!
Business Loan Status in Burhanpur
To stay updated on your business loan application status in Burhanpur, visit our website and enter your reference number. Choose Shriram Finance today!
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Burhanpur?
In Burhanpur, Partnership firms, Proprietorships, Private Limited Companies, Public Limited Companies, and LLPs are eligible for business loans. Applicants should be between 21 years to 65 years old at loan maturity. Business owners and self-employed professionals with a minimum of 3 years of experience can also apply.
What is the interest rate on a business loan in Burhanpur?
Shriram Finance offers business loans with interest rates starting from 10%* p.a. Detailed information is available in the interest rate section.
How much loan can I get for my business in Burhanpur?
Business loans in Burhanpur start from Rs.1 lakh*, with the upper limit based on eligibility and business requirements.
Can I apply for a business loan in Burhanpur?
Yes, you can apply for a business loan online or by visiting a Shriram Finance branch in Burhanpur.
What is the maximum loan tenure for a business loan in Burhanpur?
Loan tenures vary from 12 to 48 months for unsecured loans and 12 – 84 months for secured loans.
What is the processing time for a business loan in Burhanpur?
Approvals are processed swiftly based on eligibility, document verification, and submitted details.
What is the eligibility for a start-up business loan in Burhanpur?
The eligibility criteria for start-up business loans in Burhanpur match those of regular business loans.
What is the minimum interest rate for a business loan in Burhanpur?
The minimum interest rate starts at 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.