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Business Loan in Cuttack
Cuttack has a rich history and thriving trade sector with a unique blend of tradition and opportunity. Shriram Finance aims to fund your business ambitions with business loans in Cuttack tailored to the local market. We are also aware of the challenges faced by entrepreneurs in smaller cities. Access to information and streamlined processes can be crucial. That's why we offer a transparent and user-friendly online application, along with dedicated support from our branch representatives in Cuttack. With loans starting from Rs.1 lakh* with flexible repayment options (secured loan tenures from up to 84 months, unsecured loans from 12 to 48 months) and competitive interest rates (starting from 10%* p.a. - subject to T&C), we aim to be a reliable partner in your growth journey.
Business Loan Types in Cuttack
Shriram Finance offers several types of business loan in Cuttack, both secured and unsecured. These include:
Features and Benefits of Business Loans in Cuttack
If you need financial help to grow your business in Cuttack, 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 Cuttack
If you're after a business loan in Cuttack, Shriram Finance has cracking interest rates, from just 10%* p.a.. For a proper look at interest rates and any associated charges, have a word with our team or have a look at 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
âı 1,00,000
Interest Payable
âı 39,450
Monthly EMI
âı 1,660
Eligibility and Documentation Criteria for Business Loans in Cuttack
Eligibility and Documentation Criteria for Business Loans in Cuttack
Eligible Applicants:- Private Limited Companies
- Public Limited Companies
- Sole Proprietorships
- Partnership firms
- Limited Liability Partnerships (LLPs)
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:- Recent photograph
- Proof of business registration
- Applicant's PAN card
- Six-month bank statement
- Business PAN card
Step-by-Step Application Process for Business Loans in Cuttack
Obtaining a Shriram Business Loan in Cuttack 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 Cuttack
If you have a growing firm in Cuttack, Shriram Finance's unsecured business loan, starting from Rs.1 lakh*, is the ticket! As it's unsecured, you don't need to put any of your valuables on the line. Benefit from repayment terms that bend to your needs, pleasing interest rates, and a doddle of an online application. These loans offer significant advantages: no collateral needed, quicker approvals, and better conditions. You're in if your firm's been running for at least 3 years and you've got the right paperwork. We will also need to ensure that your loan meets the local laws.
Our Business Loan Branches in Cuttack
Shriram Finance has its business loan branches in Cuttack, so you can easily just visit the branches for a new loan or to manage your current one. Top branches include:
Locate Us
Business Loan Customer Care in Cuttack
For any inquiries or assistance regarding a business loan in Cuttack, 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 Cuttack
Track the progress of your business loan application in Cuttack 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 Cuttack?
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 Cuttack?
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 Cuttack?
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 Cuttack?
Yes, you can apply for a business loan in Cuttack. 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 Cuttack?
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 Cuttack?
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 Cuttack?
For a startup business loan in Cuttack 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 Cuttack?
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.