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Business Loan in Jabalpur
Jabalpur is a major city in Madhya Pradesh that presents many opportunities for businesses related to tourism, manufacturing, and agriculture. Shriram Finance is dedicated to helping businesses in Jabalpur 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 Jabalpur 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 Jabalpur grow, with business loans starting from Rs.1 lakh*.
Business Loan Types in Jabalpur
Shriram Finance has many kinds of loans, both with and without security, to help your business in Jabalpur. These are some of the loan options:
Features and Benefits of Business Loans in Jabalpur
If you need money to help your business grow and do better, Shriram Finance is a great choice for a simple business loan in Jabalpur. 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 Jabalpur
The interest rates for business loans from Shriram Finance in Jabalpur 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 Jabalpur.
| 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 Jabalpur
Eligibility and Documentation Criteria for Business Loans in Jabalpur
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 Jabalpur
Obtaining a Shriram Business Loan in Jabalpur involves five straightforward 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 Jabalpur
For expanding businesses in Jabalpur, Shriram Finance presents the perfect unsecured loan, beginning at Rs1 lakh*, which doesn't require any collateral. This means you won't need to pledge any assets to obtain financing. We provide unsecured loans featuring flexible repayment schedules, competitive interest rates, and a simple online application. Key advantages include a faster approval process, no need for collateral, and favourable loan conditions. To qualify, your business must have been running for at least 3 years and you'll need to furnish the required paperwork. Loan approval is subject to meeting eligibility criteria
Our Business Loan Branches in Jabalpur
Shriram Finance has branches across Jabalpur, offering convenient access to loan applications and management. Key locations include:
Locate Us
Business Loan Customer Care in Jabalpur
For any inquiries or assistance regarding a business loan in Jabalpur, Shriram Finance provides dedicated customer care services. You can reach out via phone or visit any branch for personalised support. Contact details and branch addresses can be found on our website.
Business Loan Status in Jabalpur
Track the progress of your business loan application in Jabalpur through our website using your reference number. You can also contact our customer care team for real-time updates.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Jabalpur?
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 Jabalpur?
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 Jabalpur?
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 Jabalpur?
Yes, you can apply for a business loan in Jabalpur. 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 Jabalpur?
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 Jabalpur?
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 Jabalpur?
For a startup business loan in Jabalpur 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 Jabalpur?
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.