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Business Loan in Dewas
Dewas is known for its industrial base and thriving businesses, from manufacturing to agriculture-related enterprises. Whether you are looking to upgrade equipment, expand operations, or streamline working capital, the right financial support can help you achieve your goals. A Business Loan in Dewas from Shriram Finance offers funding starting from Rs.1 lakh*, ensuring businesses have access to the capital they need. With repayment tenures ranging from up to 84 months for secured loans and 12 to 48 months for unsecured loans, you can choose a plan that fits your financial strategy. The application process is straightforward, allowing you to secure funds efficiently. Learn how a Business Loan in Dewas can help your business grow. Keep reading!
Business Loan Types in Dewas
Shriram Finance provides a wide range of secured and unsecured business loan options to support different financial requirements for businesses in Dewas. These include:
Features and Benefits of Business Loans in Dewas
If you need financial help to expand your business, Shriram Finance is a strong choice for getting a hassle-free business loan in Dewas. 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 Dewas
Interest for Shriram Finance unsecured business loan offerings in Dewas begins at 12%*p.a Please consult the comprehensive information for exact interest rates and potential charges. Secured business loan interest rates start from 10%* p.a.
| 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 Loans 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 Loan in Dewas
Eligibility and Documentation Criteria for Business Loan in Dewas
Who Can Apply- LLPs
- Proprietorship firms
- Pvt Ltd companies
- Public Ltd companies
- Partnership 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- Business PAN
- Applicant PAN
- Selfie Photograph
- Bank statement (6 months)
- Business registration proof
Step-by-Step Application Process for Business Loans in Dewas
Applying for a Shriram business loan in Dewas involves a simple 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 Dewas
Shriram Finance extends a convenient option via its unsecured business loan in Dewas, eliminating the need for collateral. This empowers businesspersons to procure capital without the need to assign holdings as security. At Shriram Finance, businesses can access an unsecured business loan starting from a certain sum. Seeking a security-free business loan through Shriram Finance involves a simplified digital process. Such loans offer advantages, notably no collateral requirements, an expedited clearance procedure, and more beneficial credit stipulations. To qualify, your establishment should demonstrate a minimum operational tenure and furnish all required documentation. Accessibility of unsecured business loans may fluctuate per location. Shriram Finance's unsecured business loans come with accommodating reimbursement durations alongside appealing interest rates.
Our Business Loan Branches in Dewas
With strategically situated Business Loan Branches in Dewas, Shriram Finance aims to provide accessible services for customers to apply for and manage their loans:
Locate Us
Business Loan Customer Care in Dewas
If you have questions or need assistance with a business loan in Dewas, the Shriram Finance customer care team is ready to assist you. Contact us via phone or visit one of our branches for individualised support.
Business Loan Status in Dewas
To ascertain the current state of your business loan application, please visit our website and enter your reference number. You retain the option to liaise with our customer assistance team for real-time briefings pertaining to the advancement of your loan application.
Business Loans in Major Cities
Business Loan FAQs
Who meets the criteria for a business loan in Dewas?
Partnership firms, sole proprietorships, private limited companies, public limited companies and LLPs are all able to apply for a business loan. An applicant must be between 21 years to 65 years old (and no older than 65 years at the time the loan matures). Those who are self-employed, business owners or sole traders need a minimum of 3 years in their respective field.
What's the going rate of interest on a business loan in Dewas?
With Our Finance, business loan interest starts at 10%* p.a. See our section above on interest rates and charges for a full rundown. Shriram Finance offers reasonable interest rates specific to your needs.
How much can I get for my business in Dewas?
Our Finance extends business loans from Rs.1 lakh* upwards. The final figure depends on your firm's requirements and your eligibility. For unsecured loans, the interest rate is 12%*p.a, while secured business loans have a 10%* p.a.
Am I able to apply for a business loan in Dewas?
Indeed, getting a business loan in Dewas is possible. Applying for a business loan with our finance is a piece of cake. Do it online or pop into a branch. Shriram Finance has a simple application process.
What's the longest I can take to pay off a business loan in Dewas?
Pick a repayment period from 12 to 48 months on unsecured loans, or 12 – 84 months for loans with security. Shriram Finance offers flexible loan tenures of up to ##bl-tenure-min##.
How long does it take to process a business loan in Dewas?
We usually approve loans in 2, 2- 3 business days. This depends on the reliability of the info you supply, whether you meet our criteria, and whether you've sent us all the right bits of paper. Following evaluation, Shriram Finance will grant the loan.
What do I need to get a business loan for a startup in Dewas?
Shriram Finance's criteria for a new business loan in Dewas are much the same as for any other business loan.
What's the lowest rate of interest on a business loan in Dewas?
Interest starts at 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.