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Business Loan in Chandigarh
A city celebrated for its planned infrastructure and vibrant economy, Chandigrah is a hub of innovation and commerce. Whether you are a tech startup, a retail enterprise, or a service provider looking to scale, a business loan in Chandigarh from Shriram Finance can provide the financial support you need. We also understand that Chandigarh's business market demands efficiency and transparency. That's why we offer a streamlined online application process, quick approvals (typically within 2- 3 business days, subject to document verification), and a dedicated customer care team to assist you every step of the way. Loans start at Rs.1 lakh* with competitive interest rates (starting from 10%* p.a. - subject to applicable terms and conditions) and flexible repayment options. Our eligibility criteria is also straightforward. Let's read ahead to learn more.
Business Loan Types in Chandigarh
Shriram Finance offers several types of business loan in Chandigarh, both secured and unsecured. These include:
Features and Benefits of Business Loans in Chandigarh
If you need financial help to grow your business in Chandigarh, 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 Chandigarh
Shriram Finance's interest rates start from only 10%* p.a.. Contact the team today to get started!
| 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 Chandigarh
Eligibility and Documentation Criteria for Business Loans in Chandigarh
Eligible Applicants:- Partnership firms
- Limited Liability Partnerships (LLPs)
- Sole Proprietorships
- Private Limited Companies
- Public Limited Companies
Eligibility Requirements:- Age: Applicants should be between 21 years to 65 years old (with loan maturity not exceeding 65 years).
- Professional Profile: Self-employed individuals, business owners, or proprietors must demonstrate a minimum of 3 years of business experience.
Required Documents:- Six-month bank statement
- Business PAN card
- Applicant's PAN card
- Recent photograph
- Proof of business registration
Step-by-Step Application Process for Business Loans in Chandigarh
Obtaining a Shriram Business Loan in Chandigarh 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 Chandigarh
For new businesses in Chandigarh, Shriram Finance has a simple loan that doesn't need any security. This means you don't have to use your house or anything else as a guarantee. You can get a loan starting from Rs.1 lakh*. Shriram Finance's loans have easy payment options and low interest. Applying is simple and can be done online. These loans are good because you don't need security, they get approved fast, and they have good terms. To get one, your business must be open for at least 3 years, and you need to give us all the documents we need. We give these loans to business owners who follow our rules.
Our Business Loan Branches in Chandigarh
For easy access to new loan applications and seamless management of your current loans, Shriram Finance has business loan branches in several handy spots around Chandigarh. The locations are:
Locate Us
Business Loan Customer Care in Chandigarh
Got a question about a business loan in Chandigarh? Shriram Finance's customer care team is on hand to help. 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 Chandigarh
Find out everything you need to with for your business loan in Chandigarh on our website with Shriram Finance. Get in touch today with the customer care time for latest on progress!
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Chandigarh?
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 Chandigarh?
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 Chandigarh?
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 Chandigarh?
Yes, you can apply for a business loan in Chandigarh. 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 Chandigarh?
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 Chandigarh?
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 Chandigarh?
For a startup business loan in Chandigarh 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 Chandigarh?
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.