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Business Loan in Indora
Indora, a growing commercial hub, offers excellent opportunities for businesses looking to expand. Whether you need funds to purchase equipment, boost working capital, or invest in growth, a Business Loan in Indora from Shriram Finance can help you meet your financial needs. Our business loans in Indora have attractive rates, starting at 10%* p.a., and adaptable loan amounts. You may need assistance in expanding your business, getting new equipment, or covering day-to-day expenses. Read on to see how we can help you. From secured to unsecured options, you can be sure to have an option.
Business Loan Types in Indora
Shriram Finance provides both secured and unsecured business loans in Indora. With our various types of loans, you can be sure to get exactly what you need:
Features and Benefits of Business Loans in Indora
Shriram Finance helps expand your business in Indora. Our business loans offer you key features:
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 Indora
Shriram Finance business loan rates in Indora start from 10%* p.a. Please refer to our website or contact our Indora branch for detailed information on interest rates and any applicable fees.
| 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 Indora
Eligibility and Documentation Criteria for Business Loans in Indora
Eligible Applicants:- Private Limited Companies
- Sole Proprietorships
- Public Limited Companies
- Limited Liability Partnerships (LLPs)
- Partnership firms
Eligibility 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.
Required 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 Indora
Applying for a Shriram Business Loan in Indora 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 Indora
Shriram Finance offers a solution for growing businesses in Indora with our unsecured business loans, requiring no collateral. With Shriram Finance, you can get an unsecured business loan starting from Rs1 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 Indora
Shriram Finance has branches across Indora for convenient loan application and management.
Locate Us
Business Loan Customer Care in Indora
For inquiries about business loans in Indora, Shriram Finance offers dedicated customer care services. Contact us by phone or visit a branch.
Business Loan Status in Indora
Check your business loan application status on our website using your reference number or contact customer care for updates.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Indora?
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 Indora?
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 Indora?
Shriram Finance provides business loans starting from Rs1 lakh*. The maximum loan amount depends on your business’s needs and eligibility
Can I apply for a business loan in Indora?
Yes, you can apply for a business loan in Indora. 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 Indora?
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 Indora?
The loan approval time depends on the credibility of the information furnished, fulfilment of the eligibility criteria, and submission of relevant documents.
What is the eligibility for a start-up business loan in Indora?
For a start-up business loan in Indora 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 Indora?
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.