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Business Loan in Hyderabad

Hyderabad, a growing economic and technological hub, has a thriving entrepreneurial ecosystem. If you're a business owner in Hyderabad looking to expand and succeed, access to adequate capital is crucial. A Business Loan in Hyderabad from Shriram Finance can provide the financial resources necessary to grow, modernise, or efficiently manage your business operations. At Shriram Finance, we provide a range of tailored loan solutions featuring competitive interest rates, commencing at 10%* p.a., alongside flexible repayment options designed to suit the specific requirements of your business. Whether you need funds to manage working capital, invest in new equipment, or pursue expansion initiatives, we are here to assist. This guide offers a detailed overview of business loans in Hyderabad.

Business Loan Types in Hyderabad

Shriram Finance offers a comprehensive suite of secured and unsecured business loans in Hyderabad. These include:

Working Capital Loan
Working Capital Loan
Intended to assist business owners in covering immediate operational needs, such as procuring inventory, hiring and training staff, acquiring equipment or supplies, managing tax obligations, handling payroll, and addressing other short-term operational expenses.
Supply Chain Finance
Supply Chain Finance
Provides flexible payment alternatives to both buyers and suppliers at competitive financing rates, ensuring streamlined business operations.
Trade Finance
Trade Finance
Facilitates trading activities and associated costs, encompassing a variety of financial instruments like letters of credit, invoice factoring, and export credit insurance.
MSME Loan
MSME Loan
Provided to assist micro, small, and medium-scale entrepreneurs in meeting various business expenditures. These loans can be used to finance working capital, equipment purchases, and business expansion initiatives.
Startup Business Loan
Startup Business Loan
Created to help raise capital and support business development. It can cover startup expenses such as purchasing resources and equipment, covering marketing costs, or developing new products. It's particularly helpful for startups that may not have an extensive credit history, with loan amounts, tenure, and interest rates determined based on the borrower's creditworthiness and turnover.
GST Business Loan
GST Business Loan
Offered to business owners based on their GST returns, with the loan amount determined appropriately. This financing is specifically designed to help businesses manage their Goods and Services Tax (GST) payments effectively.
Shop Loan
Shop Loan
Tailored specifically to assist small retail businesses, such as shops, boutiques, and convenience stores, in financing their operations and facilitating growth. These loans can be used for working capital, inventory procurement, equipment upgrades, and marketing expenses.
Business Loan for Women
Business Loan for Women
Specifically designed to assist women entrepreneurs in launching or expanding their businesses. These loans may be offered to women-owned businesses of all sizes and stages of development.
Business Loan for Women
Loan Without Financials
Intended for businesses that face challenges in providing traditional financial documentation, such as startups, small businesses, or those with limited credit histories. It doesn't mandate the provision of detailed financial statements or documentation. The availability of this loan may vary depending on the business location.

Features and Benefits of Business Loans in Hyderabad

If you need to get a business loan in Hyderabad. Key benefits include:

Online EMI Calculator

Online EMI Calculator

Accurately calculate your monthly payments with our easy-to-use online EMI Calculator.
Loans starting from Rs. 1 lakh*

Loans starting from Rs. 1 lakh*

Manage your business expenses with loans starting from Rs. 1 lakh*.
Secured & Unsecured Loans

Secured & Unsecured Loans

Shriram Finance offers both secured and unsecured business loan options, depending on your business location. Get an unsecured business loan at an interest rate of 12%*p.a. and secured business loan at 10%* p.a.
Quick Loan & Approvals

Quick Loan & Approvals

Expect a fast loan approval process to ensure your business needs are met on time. The approval time is about 2- 3 business days, based on the reliability of the information provided, meeting the requirements, and submission of the necessary documents.
Flexible Loan Tenure

Flexible Loan Tenure

Choose from a range of flexible tenure options. Secured Loans start from 12 – 84 months, and unsecured business loans range from 12 to 48 months.
Hassle-free Online Process

Hassle-free Online Process

Apply for your loan and get it approved online in a few simple steps.

Business Loan Interest Rates and Charges in Hyderabad

Interest rates for Shriram Finance business loans in Hyderabad commence at 10%* p.a. For detailed information on interest rates and all applicable fees and charges, please consult the details on our website or contact our branch representatives in Hyderabad.

Type of Fees Applicable Charges
Interest RateCustomised interest rates starting from 10%* p.a.
Processing FeesUp to 5%*
Late Payment Fees36%* p.a on the Overdue Amount
Foreclosure ChargesUp to 4%*

How to Use the Business Loan EMI Calculator

STEP 01

Required loan amount

â‚ı

STEP 02

Interest rate

%

Min 10%

Max 30%

STEP 03

Loan tenure
months

Min 12 months

Max 84 months

Loan Summary

loangraph

Loan

Loan Amount

â‚ı 1,00,000

Interest Payable

â‚ı 39,450

Monthly EMI

â‚ı 1,660

Eligibility and Documentation Criteria for Business Loans in Hyderabad

Eligibility and Documentation Criteria for Business Loans in Hyderabad

  • Individual IconEligible Applicants:
    • Partnership firms
    • Sole Proprietorships
    • Private Limited Companies
    • Public Limited Companies
    • Limited Liability Partnerships (LLPs)
  • Individual IconEligibility Requirements:
    • Age: Applicants should be between 21 years to 65 years old (with loan maturity not exceeding 65 years).
    • Professional Profile: Self-employed individuals, business owners, or proprietors must demonstrate a minimum of 3 years of business experience.
  • Individual IconRequired Documents:
    • Six-month bank statement
    • Proof of business registration
    • Business PAN card
    • Applicant's PAN card
    • Recent photograph

Step-by-Step Application Process for Business Loans in Hyderabad

Applying for a Shriram Business Loan in Hyderabad involves these 5 steps:

How To Apply

  • Step 1

    Register using your mobile number

  • Step 2

    Enter loan details

  • Step 3

    Enter business details

  • Step 4

    Receive a verification call from us

  • Step 5

    Get your loan disbursed

Unsecured Business Loans in Hyderabad

Shriram Finance offers an ideal solution for young and growing businesses in Hyderabad with our unsecured business loan that requires no collateral. An unsecured business loan does not require you to pledge any of your assets to obtain financing. With Shriram Finance, you can get an unsecured business loan starting from Rs. 1 lakh. Shriram Finance offers unsecured business loans with flexible repayment tenures and affordable interest rates. Applying for an unsecured business loan with Shriram Finance is a hassle-free and easy online process. These loans are beneficial because no collateral is required, the approval process is quicker and easier, and they come with better credit terms. To be eligible for an unsecured business loan from Shriram Finance, your business should have been operational for at least 3 years, and you must provide all the required documentation. An unsecured business loan is offered to business owners based on the fulfilment of eligibility criteria. Note that the availability of unsecured business loans may vary depending on the business location.

Our Business Loan Branches in Hyderabad

Shriram Finance has multiple branches across Hyderabad, offering convenient access to loan applications and management. Key locations include:

Locate Us

or

  • ANDAMAN AND NICOBAR ISLANDS
  • ANDHRA PRADESH
  • ASSAM
  • BIHAR
  • CHANDIGARH
  • CHHATTISGARH
  • DADRA AND NAGAR HAVELI
  • DELHI
  • GOA
  • GUJARAT
  • HARYANA
  • HIMACHAL PRADESH
  • JAMMU AND KASHMIR
  • JHARKHAND
  • KARNATAKA
  • KERALA
  • Karnataka
  • MADHYA PRADESH
  • MAHARASHTRA
  • MANIPUR
  • MEGHALAYA
  • Madhya Pradesh
  • Maharashtra
  • ODISHA
  • PUDUCHERRY
  • PUNJAB
  • RAJASTHAN
  • SIKKIM
  • TAMIL NADU
  • TELANGANA
  • TRIPURA
  • Tamil Nadu
  • Telangana
  • UTTAR PRADESH
  • UTTARAKHAND
  • WEST BENGAL

Business Loan Customer Care in Hyderabad

For any inquiries or assistance regarding a business loan in Hyderabad, Shriram Finance provides dedicated customer care services. You can reach out via phone or visit any branch for personalised support.

Toll Free

Business Loan Status in Hyderabad

To check the status of your business loan application in Hyderabad, visit our website and enter your application reference number. You can also contact customer care for real-time updates on your loan processing status.

Business Loans in Major Cities

Business Loan in Chennai
Business Loan in Mumbai
Business Loan in Pune
Business Loan in Indore

Business Loan FAQs

Who is eligible for a business loan in Hyderabad?

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 Hyderabad?

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 Hyderabad?

Shriram Finance provides business loans starting from Rs.1 lakh*

Can I apply for a business loan in Hyderabad?

Yes, you can apply for a business loan in Hyderabad. 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 Hyderabad?

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 Hyderabad?

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 Hyderabad?

For a startup business loan in Hyderabad 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 Hyderabad?

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.