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Business Loan in Guntur
Guntur is a major commercial centre in Andhra Pradesh that offers numerous opportunities for businesses in agriculture, textiles, and trade. Shriram Finance is committed to empowering Guntur businesses with tailored loan solutions. Securing capital is vital for expansion, upgrades, and smooth operations. Our business loans have competitive rates (starting from 10%* p.a.), and loan amounts tailored to meet specific business needs; used for business expansion, working capital, purchasing equipment, or managing expenses. Loans feature minimal paperwork, quick approval, and flexible repayment. We offer customised loan solutions which includes secured and unsecured business loans. With flexible tenures of 84 months and attractive interest rates starting from 10%* p.a., Shriram Finance understands the Guntur business environment. By streamlining the application process, Shriram Finance allows businesses to get capital quickly. Shriram Finance is a trusted partner for Guntur's growth, with business loans starting from Rs.1 lakh*.
Business Loan Types in Guntur
Shriram Finance provides a wide range of secured and unsecured business loans to facilitate your business needs in Guntur. These include:
Features and Benefits of Business Loans in Guntur
If you are in need of financial aid to expand and grow your business in Guntur, 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 Guntur
Interest rates for Shriram Finance business loans in Guntur start from 10%* p.a. For detailed information on interest rates and applicable fees/charges, please refer to the details provided on our website or contact our branch representatives in Guntur.
| 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 Guntur
Eligibility and Documentation Criteria for Business Loans in Guntur
Eligible Applicants:- Sole Proprietorships
- Partnership firms
- Limited Liability Partnerships (LLPs)
- Private Limited Companies
- Public Limited Companies
Eligibility Requirements:- Professional Profile: Self-employed individuals, business owners, or proprietors must demonstrate a minimum of 3 years of business experience.
- Age: Applicants should be between 21 years to 65 years old (with loan maturity not exceeding 65 years).
Required Documents:- Applicant's PAN card
- Six-month bank statement
- Business PAN card
- Recent photograph
- Proof of business registration
Step-by-Step Application Process for Business Loans in Guntur
Applying for a Shriram Business Loan in Guntur is 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 Guntur
Shriram Finance offers a solution for growing businesses in Guntur with our unsecured business loans, requiring no collateral. With Shriram Finance, you can get an unsecured business loan starting from Rs.1 lakh*.Our unsecured business loans come with flexible repayment options and competitive interest rates. Applying is easy with our online process. Benefits include no collateral requirements and a quicker approval process. Eligibility requires your business to have been operating for at least 3 years and submission of necessary documentation.
Our Business Loan Branches in Guntur
Shriram Finance has branches in Guntur, making it convenient for customers to apply and manage their loans. Key locations include:
Locate Us
Business Loan Customer Care in Guntur
For inquiries about business loans in Guntur, Shriram Finance offers dedicated customer care services. Contact us by phone or visit a branch.
Business Loan Status in Guntur
For any inquiries or assistance regarding a business loan in Guntur, Shriram Finance offers dedicated customer care services. You can reach out via phone or visit any branch for personalised support. Contact details and branch addresses can be found on our website.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Guntur?
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 Guntur?
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 Guntur?
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 Guntur?
Yes, you can apply for a business loan in Guntur. 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 Guntur?
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 Guntur?
The loan approval time is approximately 2- 3 business days. This is 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 Guntur?
For a startup business loan in Guntur 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 Guntur?
The minimum interest rate starts from 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.