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Business Loan in Hamirpur
Hamirpur is a growing district in Uttar Pradesh that offers diverse opportunities for businesses in agriculture, small-scale industries, and trade. Securing adequate funding is essential for business expansion, necessary upgrades, and smooth day-to-day operations. Our business loans come with competitive interest rates (starting at 10%* p.a.) and flexible loan amounts to meet a variety of specific business needs, whether it's for expansion, working capital, equipment purchases, or managing operational expenses.Our loans feature minimal paperwork, quick approval processes, and flexible repayment options. We offer customised loan solutions, including both secured and unsecured business loans. With flexible tenures of up to 84 months and attractive interest rates starting from 10%* p.a., Shriram Finance understands the Hamirpur business environment and its unique challenges. By streamlining the application process, Shriram Finance ensures that businesses can gain access to the capital they need in a timely manner.
Business Loan Types in Hamirpur
For businesses seeking financial support, Shriram Finance offers a range of secured and unsecured business loan options in Hamirpur to help meet your business needs. These include:
Features and Benefits of Business Loans in Hamirpur
If your business needs financial help to expand, Shriram Finance is a good choice for a hassle-free business loan in Hamirpur. 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 Hamirpur
Interest rates for Shriram Finance unsecured business loan solutions in Hamirpur commence from 12%*p.a. For detailed information on interest rates and applicable fees/charges, please consult the specifics provided below. 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 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 Hamirpur
Eligibility and Documentation Criteria for Business Loans in Hamirpur
Who Can Apply- Pvt Ltd companies
- Partnership firms
- Proprietorship firms
- LLPs
- Public Ltd companies
Eligibility Criteria- Occupation: Self-employed individuals, business owners, or proprietors with a minimum of 3 years of business experience.
- Age: 21 years to 65 years (Age at loan maturity should not exceed 65 years)
Documents Required:- Business PAN
- Applicant PAN
- Selfie Photograph
- Bank statement (6 months)
- Business registration proof
Step-by-Step Application Process for Business Loans in Hamirpur
Submitting an application for business loan in Hamirpur with Shriram Finance is a process completed in 5 steps:
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 Hamirpur
Shriram Finance is committed to supporting the expansion of small and medium-sized enterprises by offering an unsecured business loan, removing the need for collateral. This allows businesses to access funding without pledging assets. With Shriram Finance, businesses in Hamirpur can secure an unsecured business loan to address their financial needs. Shriram Finance extends unsecured business loans designed with accommodating repayment schedules and competitive interest rates. The application process for these loans is streamlined and convenient. These loans offer distinct advantages, including the elimination of collateral obligations and a swift approval process. To qualify for an unsecured business loan from Shriram Finance, businesses must meet specific operational and documentary criteria. The availability of unsecured business loans may vary depending on the business location.
Our Business Loan Branches in Hamirpur
Shriram Finance maintains branches across Hamirpur, providing customers with convenience in both application and loan management:
Locate Us
Business Loan Customer Care in Hamirpur
For any queries or assistance regarding a business loan in Hamirpur, Shriram Finance offers dedicated Business Loan Customer Care in Hamirpur services. You can get in touch via telephone or by visiting any branch for personalised support.
Business Loan Status in Hamirpur
If you're seeking information on your business loan application, we invite you to visit our website and enter your application reference number. Real-time updates on your loan processing status are also accessible through our customer care team.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Hamirpur?
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 Hamirpur?
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 Hamirpur?
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 Hamirpur?
Yes, you can apply for a business loan in Hamirpur. 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 Hamirpur?
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 Hamirpur?
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 Hamirpur?
For a startup business loan in Hamirpur 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 Hamirpur?
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.