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Business Loan in Indore
Indore is a major commercial hub in Madhya Pradesh that presents many opportunities for businesses related to manufacturing, food processing, and trade. Shriram Finance is dedicated to helping businesses in Indore with special business loan plans. If you want to grow, improve, or run your business smoothly, you need money. Our business loans have good rates (starting at 10%* p.a.), and we can lend you the amount you need for things like growing your business, paying for daily needs, buying machines, or handling bills. We don't ask for too much paperwork, our loans get approved quickly, and you can pay them back in a way that works for you. We have different types of loans for your needs, including loans with security and loans without security. Shriram Finance knows the Indore business world well, so we offer loans that you can pay back over as long as 84 months, and our interest rates are good, starting at 10%* p.a.. We've made it simple to apply for a loan, so businesses can get the money they need fast. Shriram Finance is here to help businesses in Indore grow, with business loans starting from Rs1 lakh*.
Business Loan Types in Indore
Shriram Finance has many kinds of loans, both with and without security, to help your business in Indore. These are some of the loan options:
Features and Benefits of Business Loans in Indore
If you need money to help your business grow and do better, Shriram Finance is a great choice for a simple business loan in Indore. Here are some of the good things about our loans:
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 Indore
The interest rates for business loans from Shriram Finance in Indore start at 10%* p.a.. If you want to know exactly how much interest you'll have to pay and what other fees there might be, please check our website or talk to someone at our branch in Indore.
| 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 Indore
Eligibility and Documentation Criteria for Business Loans in Indore
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 Indore
Here's how to apply for a Shriram Business Loan in Indore in 5 easy 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 Indore
Shriram Finance has a great loan for new and growing businesses in Indore that doesn't need any security. This means you don't have to promise to give up your things if you can't pay the loan back. You can get this kind of business loan from Shriram Finance starting at Rs1 lakh*. Shriram Finance offers these business loans without security, and they have good payment plans and prices. It's easy to apply for them online. They're good because you don't need to give security, they get approved faster, and the loan terms are better. To get this loan, your business needs to be open for at least 3 years, and you need to give us all the papers we ask for. Whether you get the loan depends on if you meet our requirements. Not all areas have loans without security, so keep that in mind.
Our Business Loan Branches in Indore
Shriram Finance has offices in Indore, so it's easy for you to apply for a loan and manage the loans you already have. Here are the main locations:
Locate Us
Business Loan Customer Care in Indore
If you have questions or need help with a business loan in Indore, Shriram Finance has people ready to assist you. You can call us or visit one of our offices for help. You can find our contact information and office addresses on our website.
Business Loan Status in Indore
To see how your application for a business loan is going in Indore, visit our website and enter the number you got when you applied. You can also call our customer care team to get the latest updates on your loan.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Indore?
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 Indore?
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 Indore?
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 Indore?
Yes, you can apply for a business loan in Indore. 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 Indore?
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 Indore?
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 Indore?
For a startup business loan in Indore 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 Indore?
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.