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Business Loan in Coimbatore
Coimbatore is a city renowned for its textile industry and entrepreneurial spirit which offers an environment for businesses to flourish. Shriram Finance is committed to supporting your growth with business loans in Coimbatore crafted to meet your unique needs. A business loan in Coimbatore from Shriram Finance can provide the financial boost you need. Shriram Finance provides you with loans starting from Rs.1 lakh* with flexible repayment options (secured loans ranging from up to 84 months and unsecured loans from 12 to 48 months), and competitive interest rates (starting from 10%* p.a. - subject to terms and conditions). Our online EMI calculator helps you plan your finances effectively, while our dedicated customer care team is always available to assist you. To apply, you must be in the age bracket of 21 years to 65 years, occupation should be self-employed individuals, business owners, or proprietors with a minimum of 3 years of business experience.
Business Loan Types in Coimbatore
Shriram Finance offers several types of business loan in Coimbatore, both secured and unsecured. These include:
Features and Benefits of Business Loans in Coimbatore
If you need financial help to grow your business in Coimbatore, 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 Coimbatore
Shriram Finance's business loans in Coimbatore come with attractive interest rates, starting at 10%* p.a. Get in touch with us or visit our website for a full breakdown of 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
âı 1,00,000
Interest Payable
âı 39,450
Monthly EMI
âı 1,660
Eligibility and Documentation Criteria for Business Loans in Coimbatore
Eligibility and Documentation Criteria for Business Loans in Coimbatore
Eligible Applicants:- Limited Liability Partnerships (LLPs)
- Sole Proprietorships
- Partnership firms
- 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
- Recent photograph
- Proof of business registration
- Six-month bank statement
- Business PAN card
Step-by-Step Application Process for Business Loans in Coimbatore
Obtaining a Shriram Business Loan in Coimbatore 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 Coimbatore
Shriram Finance provides a perfect solution for young and growing businesses in Coimbatore. Our unsecured business loan, starting from Rs. 1 lakh*, requires absolutely no collateral. Benefit from flexible repayment terms, affordable interest rates, and a right piece of cake online application. We're able to offer much better terms and will also make sure that the local requirements are met.
Our Business Loan Branches in Coimbatore
To make life easy, Shriram Finance has spread its business loan branches throughout Coimbatore. So, applying for a new loan or sorting your current one is always nearby! Check out these locations:
Locate Us
Business Loan Customer Care in Coimbatore
For any inquiries or assistance regarding a business loan in Coimbatore, 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 Coimbatore
Track the progress of your business loan application in Coimbatore 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 Coimbatore?
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 Coimbatore?
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 Coimbatore?
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 Coimbatore?
Yes, you can apply for a business loan in Coimbatore. 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 Coimbatore?
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 Coimbatore?
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 Coimbatore?
For a startup business loan in Coimbatore 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 Coimbatore?
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.