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Business Loan in Guntakal
Guntakal, a prominent railway junction and growing commercial hub, offers promising opportunities for businesses. With its strategic location and expanding trade prospects, reliable financial support becomes essential for business growth. Shriram Finance offers business loans in Guntakal tailored to meet diverse business needs. Loan amounts begin at Rs.1 lakh* with competitive interest rates starting from 10%* p.a.. Both secured and unsecured loan options are available, ensuring flexibility. The loan process is simple, with minimal paperwork and quick approvals. Flexible repayment plans make it easier to manage instalments. Whether you are planning to expand your business, upgrade equipment, or handle daily operational expenses, our business loans are designed to help you grow while contributing to Guntakal's commercial development.
Business Loan Types in Guntakal
Understanding the diverse business loan types in Guntakal is crucial for any entrepreneur looking to grow.
Features and Benefits of Business Loans in Guntakal
Here are the key features and benefits of business loans in Guntakal, designed to empower businesses in Guntakal.
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 Guntakal
Shriram Finance offers competitive business loan interest rates in Guntakal, starting from 10%* p.a. Check the details below for complete information on applicable rates and 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
₹ 1,00,000
Interest Payable
₹ 39,450
Monthly EMI
₹ 1,660
Eligibility and Documentation Criteria for Business Loans in Guntakal
Eligibility and Documentation Criteria for Business Loans in Guntakal
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 Guntakal
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 Guntakal
For thriving businesses within the dynamic landscape of Guntakal, Shriram Finance provides accessible and dependable funding solutions. Specifically, we offer unsecured business loans, eliminating the need for collateral. With the option to secure financing starting from Rs.1 lakh*, businesses can leverage these funds to fuel growth, manage operational costs, or seize new market opportunities. Furthermore, we understand the importance of financial flexibility. This is why our loans are structured with competitive interest rates and adaptable repayment schedules. Our commitment to efficiency is reflected in our streamlined business loan application process. We prioritise swift approvals, ensuring that you gain rapid access to the essential credit needed. To ensure responsible lending and a clear understanding of your business's potential, we require a minimum operational history of 3 years.
Our Business Loan Branches in Guntakal
At our Guntakal branch, we have been helping local businesses grow by providing financial solutions for expansion and daily operations.
Locate Us
Business Loan Customer Care in Guntakal
Shriram Finance is here to assist with all your business loan needs in Guntakal. Contact our customer care team by phone or visit the branch for personalised support.
Business Loan Status in Guntakal
Tracking your business loan status in Guntakal is easy. Enter your reference number on our website for real-time updates. Our team is available for any further help.
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Business Loan FAQs
Who is eligible for a business loan in Guntakal?
If you're running a sole proprietorship, an LLP, a partnership, or a private or public limited company in Guntakal, you can apply. You need to be between 21 years to 65 years old and have been in business for at least 3 years.
What is the interest rate on a business loan in Guntakal?
For business loans here in Guntakal, the interest rates start from a competitive 10%* p.a.
How much loan can I get for my business in Guntakal?
You can get loans starting from Rs.1 lakh*, and the maximum amount will depend on your eligibility and what your business requires.
Can I apply for a business loan in Guntakal?
Yes, of course! You can apply online or just walk into the Shriram Finance branch right here in Guntakal.
What is the maximum loan tenure for a business loan in Guntakal?
For secured loans, you can get a tenure of 12 – 84 months. For unsecured loans, it's 12 to 48 months.
What is the processing time for a business loan in Guntakal?
Typically, it takes about 2- 3 business days to process your loan, but it can vary a bit depending on your documents and eligibility.
What is the eligibility for a startup business loan in Guntakal?
The eligibility for startup loans is the same as for our regular business loans here in Guntakal.
What is the minimum interest rate for a business loan in Guntakal?
The minimum interest rate for business loans in Guntakal 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.