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Business Loan in Durg
Durg is home to a diverse range of businesses looking to scale operations or manage working capital efficiently. Business loans in Durg from Shriram Finance provide financial assistance for business expansion, equipment purchases, inventory management, or operational expenses. Whether you run a manufacturing unit, a retail store, or a service-based enterprise, we offer funding solutions tailored to your needs. With secured and unsecured loan options, business loan types in Durg cater to businesses of all sizes. Our loans feature flexible tenures of up to 84 months and competitive interest rates starting from 10%* p.a.. Minimal paperwork and a hassle-free approval process ensure you get access to funds without unnecessary delays. Easily track your business loan status online and stay updated at every stage. Shriram Finance is committed to supporting entrepreneurs in Durg with loans starting from Rs.1 lakh*, helping businesses achieve stability and long-term growth.
Business Loan Types in Durg
Durg's dynamic business landscape requires financial solutions that cater to diverse needs. Shriram Finance offers a variety of business loans designed to help entrepreneurs meet their financial requirements effectively:
Features and Benefits of Business Loans in Durg
At Shriram Finance, we offer customised business loan solutions to help you expand and manage operations smoothly.
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 Durg
Business loan interest rates at Shriram Finance start at 10%* p.a. See below for specifics on interest rates and any associated fees or charges:
| 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 Durg
Eligibility and Documentation Criteria for Business Loans in Durg
Who can apply?- Partnership firms
- Proprietorship firms
- Pvt ltd companies
- Public Ltd companies
- LLPs
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 Durg
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 Durg
Shriram Finance offers unsecured business loans from Rs.1 lakh* to help your business grow without needing to pledge assets. Enjoy a hassle-free online application process, flexible repayment options, and competitive interest rates. Businesses operational for at least 3 years can apply and benefit from a faster, simpler approval. These loans are ideal for young and growing businesses seeking financial support to expand. With Shriram Finance, access the funds you need without the worry of collateral, making it easier to invest in your business's future.
Our Business Loan Branches in Durg
Running a business in Durg comes with its challenges, and we're here to support you. Our business loan branches offer financing solutions tailored to your needs, whether it's expansion, inventory purchases, or working capital. Drop by to find the right loan for your business.
Locate Us
Business Loan Customer Care in Durg
Need help with a business loan in Durg? Shriram Finance provides reliable customer service. Call us or visit a branch for personalised financial support.
Business Loan Status in Durg
Wondering about your personal loan status in Durg? Just enter your reference number on our website for instant updates. If you prefer, our friendly customer care team is happy to assist you with the latest details.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Durg?
Whether you run a Partnership firm, Proprietorship firm, Pvt Ltd company, Public Ltd company, or an LLP, you can apply for a business loan. Applicants should be between 21 years to 65 years old, with the loan maturing before65 years. Self-employed individuals and business owners with at least 3 years of experience can also apply.
What is the interest rate on a business loan in Durg?
Shriram Finance provides business loans at interest rates starting from 10%* p.a. For more details, check the charges section above.
How much loan can I get for my business in Durg?
Loans start from Rs.1 lakh*, with the maximum amount determined based on your businessâs financial standing and needs.
Can I apply for a business loan in Durg?
Yes, you can apply online or visit a Shriram Finance branch in Durg for assistance.
What is the maximum loan tenure for a business loan in Durg?
For unsecured loans, the tenure ranges from 12 to 48 months, while secured loans offer repayment periods between 12 â 84 months.
What is the processing time for a business loan in Durg?
Loan approvals are typically completed within 2- 3 business days, subject to eligibility and document submission.
What is the eligibility for a startup business loan in Durg?
The eligibility requirements for startup loans align with those for standard business loans.
What is the minimum interest rate for a business loan in Durg?
In Durg, interest rates for business loans start 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.