Notifications5
Danapur, with its strategic location near Patna and growing urban infrastructure, is fast becoming a hub for new businesses and trade. The city's proximity to key transportation routes makes it ideal for enterprises looking to expand logistics, retail, and service operations. However, scaling up or starting a business in such a competitive environment requires timely financial backing. Business loans in Danapur from Shriram Finance are designed to meet these needs. We provide the right support for both established business owners and aspiring entrepreneurs. Our loans come with competitive interest rates starting from 10%* p.a., making them accessible to businesses of all sizes. We offer flexible repayment options, allowing you to choose a plan that fits your business goals. At Shriram Finance, we provide both secured and unsecured business loans, ensuring you have the freedom to select what works best for you. With loans starting from Rs.1 lakh* and minimal documentation requirements, our application process is designed for quick approvals. Take advantage of our business loans services to grow your enterprise, manage operational costs, or invest in new opportunities. Let Shriram Finance be your trusted partner in building a successful business that contributes to Danapur's economic growth.
Danapur businesses can access a variety of loan options tailored to their specific needs. Explore the different types below:
Discover the key features and benefits that make our business loans the ideal choice:
The table below outlines the interest rates and associated charges for business loans from Shriram Finance in Danapur. Reviewing these details is essential for businesses planning financial growth.
| 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%* |
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 Danapur
Applying for Shriram Business Loan is a 5-step process:
If you own a new or expanding business, Shriram Finance provides unsecured business loans with no collateral required. You can access funding starting from Rs.1 lakh* without pledging any assets. These loans come with competitive interest rates and flexible repayment options. The online business loan application process is straightforward and allows quicker approvals with favourable credit terms. To be eligible, your business should have been operational for at least 3 years with complete documentation.
At our Danapur branch, we have been supporting local businesses with financial solutions. Whether you need funds for expansion or day-to-day expenses, we are here to assist.
Shriram Finance is ready to help with all your business loan requirements in Danapur. Contact our customer service team by phone or visit the branch for personalised guidance.
Tracking your business loan status in Danapur is simple. Enter your reference number on our website for real-time updates. Our team is available for further support.
Who is eligible for a business loan in Danapur?
Sole proprietors, LLPs, partnership firms, and private or public limited companies in Danapur can apply. Applicants must be between 21 years to 65 years old and have at least 3 years of business experience.
What is the interest rate on a business loan in Danapur?
Business loans in Danapur start at competitive interest rates from 10%* p.a.
How much loan can I get for my business in Danapur?
Loans start from Rs.1 lakh*, with the maximum amount based on your eligibility and business needs.
Can I apply for a business loan in Danapur?
Yes, applications can be made online or by visiting the Shriram Finance branch in Danapur.
What is the maximum loan tenure for a business loan in Danapur?
Secured loans have tenures of 12 – 84 months, while unsecured loans range from 12 to 48 months.
What is the processing time for a business loan in Danapur?
Loan processing typically takes 2- 3 business days, depending on documentation and eligibility.
What is the eligibility for a startup business loan in Danapur?
The eligibility criteria for startup loans are the same as for standard business loans in Danapur.
What is the minimum interest rate for a business loan in Danapur?
Interest rates for business loans in Danapur start from 10%* p.a.
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.