- Gold Price
Gold | 24k (999 Purity)
Silver | 24k (999 Purity)
- Profile IconRegister / Login
Notifications5
Terms and Conditions
Business Loan in Damoh
Shriram Finance empowers Damoh's businesses with tailored Business Loan in Damoh options, recognising Damoh arecognising Damoh's vital role in our country's growth. Loans feature rates from 10%* p.a. and tenures up to 84 months. With streamlined processes for quick access to funds, Shriram Finance offers secured and unsecured loans to meet diverse needs. They provide business loans starting from Rs.1 lakh*
Business Loan Types in Damoh
Shriram Finance provides a wide range of secured and unsecured business loans to facilitate your business needs. These include:
Features and Benefits of Business Loans in Damoh
If you are in need of financial aid to expand and grow your business, Shriram Finance is an ideal choice for availing a hassle-free business loan. Benefits 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 Damoh
For information on interest rates and applicable fees/charges offered by Shriram Finance, refer 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 Damoh
Eligibility and Documentation Criteria for Business Loans in Damoh
Who can apply?- Pvt ltd companies
- Public Ltd companies
- LLPs
- Partnership firms
- Proprietorship firms
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 registration proof
- Business PAN
- Applicant PAN
- Selfie Photograph
Step-by-Step Application Process for Business Loans in Damoh
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 Damoh
Shriram Finance offers unsecured business loans from Rs.1 lakh* with flexible terms and quick approval. Track your Business Loan Status online through the Business loan Application Process, which requires minimal paperwork for eligible businesses
Our Business Loan Branches in Damoh
Discover the financial services available from Shriram Finance in Damoh. Visit a branch to get your financial questions answered.
Locate Us
Business Loan Customer Care in Damoh
For any inquiries or assistance regarding a business loan in Damoh, Shriram Finance offers dedicated customer care services as detailed below :
Business Loan Status in Damoh
Please contact customer care or visit our website for updates on your loan processing status.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Damoh?
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 Damoh?
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 Damoh?
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 Damoh?
Yes, you can apply for a business loan in Damoh. 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 Damoh?
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 Damoh?
The loan approval time is quick 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 Damoh?
For a startup business loan in Damoh 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 Damoh?
Interest rate starts from 10%* p.a. for business loan in Damoh.
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.