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Business Loan in Itarsi
Shriram Finance supports Itarsi businesses with various business loan types in Itarsi. Securing capital is important for expansion, upgrades and smooth operations. Our business loans have competitive rates (starting from 10%* p.a.), and loan amounts have been designed to meet specific business needs such as expansion, working capital, purchasing equipment or simply managing expenses. Loans have minimal paperwork, quick approval and flexible repayment. We offer customised loan solutions which includes secured and unsecured business loans in Itarsi. With flexible tenures of up to 84 months, Shriram Finance understands the Itarsi business environment. By streamlining the application process and offerring business loans starting from Rs1 lakh* Shriram Finance is a trusted partner for Itarsiâs growth.
Business Loan Types in Itarsi
Shriram Finance offers various secured/unsecured loans. These include:
Features and Benefits of Business Loans in Itarsi
If you need financial aid to expand your business, 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 Itarsi
Shriram Finance offers business loan from 10%* p.a., For more details:
| 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
âı 1,00,000
Interest Payable
âı 39,450
Monthly EMI
âı 1,660
Eligibility and Documentation Criteria for Business Loans in Itarsi
Eligibility and Documentation Criteria for Business Loans in Itarsi
Who can apply?- Public Ltd companies
- LLPs
- Partnership firms
- Proprietorship firms
- Pvt ltd companies
Eligibility Criteria:- Age: 21 years to 65 years (Age at loan maturity should not exceed 65 years)
- Occupation: Self-employed individuals, business owners, or proprietors with a minimum of 3 years of business experience.
Documents Required:- Bank statement (6 months)
- Business registration proof
- Business PAN
- Applicant PAN
- Selfie Photograph
Step-by-Step Application Process for Business Loans in Itarsi
Applying for Shriram Business Loan is a 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 Itarsi
Shriram Finance offers types of unsecured business loan from Rs1 lakh* without needing collateral. Check your business loan status online after a hassle-free application. Loan tenures are flexible, and interest rates are affordable1. Businesses must be operational for 3 years.
Our Business Loan Branches in Itarsi
Shriram Finance provides a range of financial services in Itarsi; visit any of our local branches to have your questions answered.
Locate Us
Business Loan Customer Care in Itarsi
For any inquiries or assistance regarding a business loan in Itarsi, you can reach out via phone or visit any branch.
Business Loan Status in Itarsi
To check the status of your personal loan application, visit our website and enter your application reference number. Choose Shriram Finance today for your business loan requirements in Itarsi.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Itarsi?
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 Itarsi?
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 Itarsi?
Shriram Finance provides business loans starting from Rs1 lakh*. The maximum loan amount depends on your businessâs needs and eligibility
Can I apply for a business loan in Itarsi?
Yes, you can apply for a business loan in Itarsi. 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 Itarsi?
You can choose a loan tenure from 12 to 48 months for unsecured business loans and 12 â 84 months for secured business loans.
What is the processing time for a business loan in Itarsi?
The loan approval time is fast. 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 Itarsi?
For a startup business loan in Itarsifrom 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 Itarsi?
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.