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Business Loan in Jalandhar
Jalandhar is a major commercial and industrial city in Punjab that offers diverse opportunities for businesses in sports goods, manufacturing, and trade. Shriram Finance aims to support Jalandhar's entrepreneurs with tailored business loan solutions. Securing adequate funding is essential for business expansion, necessary upgrades, and smooth day-to-day operations. Our business loans come with competitive interest rates (starting at 10%* p.a.) and flexible loan amounts to meet a variety of specific business needs, whether it's for expansion, working capital, equipment purchases, or managing operational expenses. Our loans feature minimal paperwork, quick approval processes, and flexible repayment options. We offer customised loan solutions, including both secured and unsecured business loans. With flexible tenures of up to 84 months and attractive interest rates starting from 10%* p.a., Shriram Finance understands the Jalandhar business environment and its unique challenges. By streamlining the application process, Shriram Finance ensures that businesses can gain access to the capital they need in a timely manner. Shriram Finance is a reliable partner for supporting business growth in Jalandhar, with business loans starting from Rs1 lakh*.
Business Loan Types in Jalandhar
Shriram Finance offers various secured and unsecured business loan options in Jalandhar, tailored to help you in fulfilling all your business needs. These include:
Features and Benefits of Business Loans in Jalandhar
Shriram Finance provides business loan options with competitive rates and easy processes if you want financial help to expand your business in Jalandhar. 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 Jalandhar
Interest rates for Shriram Finance unsecured business loan options in Jalandhar begin at 12%*p.a Refer to the particulars for comprehensive information on interest rates and associated charges. Secured business loan interest rates start from 10%* p.a.
| 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 Jalandhar
Eligibility and Documentation Criteria for Business Loans in Jalandhar
Who can apply?- Pvt Ltd companies
- Proprietorship firms
- Partnership firms
- LLPs
- Public 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:- Selfie Photograph
- Bank statement (6 months)
- Business registration proof
- Business PAN
- Applicant PAN
Step-by-Step Application Process for Business Loans in Jalandhar
The procedure to apply for a business loan in Jalandhar with Shriram Finance involves 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 Jalandhar
For businesses seeking growth opportunities, Shriram Finance offers an unsecured business loan designed to eliminate the need for collateral. This type of financing enables business owners to obtain funds without needing to provide any security. Businesses in Jalandhar can leverage Shriram Finance's unsecured business loan to manage various business-related expenses. Shriram Finance's unsecured business loans are structured with flexible repayment options and affordable interest rates. Applying for this loan is designed to be a hassle-free online process. The advantages of these loans include no collateral requirements, a quicker approval process, and better credit terms. Businesses must meet particular operational and documentation criteria to be eligible for Shriram Finance's unsecured business loan. Please note that the availability of unsecured business loans may vary depending on the business's physical location.
Our Business Loan Branches in Jalandhar
Shriram Finance operates branches in Jalandhar, simplifying matters for patrons to apply for and oversee their loans:
Locate Us
Business Loan Customer Care in Jalandhar
For any enquiries or support needed with regards to a business loan in Jalandhar, Shriram Finance has specialised Business Loan Customer Care in Jalandhar. Assistance is available over the phone, or through personal meetings at any of our branches.
Business Loan Status in Jalandhar
If you wish to learn the status of your business loan application, please visit our website and enter your application reference number. In addition to this, real-time updates on your loan are provided by our customer care representatives.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Jalandhar?
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 Jalandhar?
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 Jalandhar?
Shriram Finance provides business loans starting from Rs 1 lakh. The maximum loan amount depends on your business’s needs and eligibility
Can I apply for a business loan in Jalandhar?
Yes, you can apply for a business loan in Jalandhar. 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 Jalandhar?
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 Jalandhar?
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 Jalandhar?
For a startup business loan in Jalandhar 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 Jalandhar?
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.