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Business Loan in Kakinada
Kakinada is a major port city in Andhra Pradesh with a strong industrial presence that offers diverse opportunities for businesses in seafood, manufacturing, and logistics. Shriram Finance aims to support Kakinada'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 from 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. Accessing capital in Kakinada is now easier with Shriram Finance's business loans. Our process is designed for speed and convenience, featuring minimal paperwork, quick approvals, and adaptable repayment plans. We offer both secured and unsecured loan options tailored to the Kakinada market, with tenures 84 months and competitive rates starting at 10%* p.a. Funding your business growth starts at Rs.1 lakh*.
Business Loan Types in Kakinada
Shriram Finance provides both secured and unsecured business loans in Kakinada. With our various types of loans, you can be sure to get exactly what you need:
Features and Benefits of Business Loans in Kakinada
Shriram Finance helps expand your business in Kakinada. 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 Kakinada
Shriram Finance business loan rates in Kakinada start from 10%* p.a. Please refer to our website or contact our Kakinada 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 Kakinada
Eligibility and Documentation Criteria for Business Loans in Kakinada
Eligible Applicants:- Private Limited Companies
- Public Limited Companies
- Limited Liability Partnerships (LLPs)
- Sole Proprietorships
- 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:- Business PAN card
- Applicant's PAN card
- Six-month bank statement
- Proof of business registration
- Recent photograph
Step-by-Step Application Process for Business Loans in Kakinada
Obtaining a Shriram Business Loan in Kakinada 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 Kakinada
Shriram Finance offers a solution for growing businesses in Kakinada with our unsecured business loans, requiring no collateral. With Shriram Finance, you can get an unsecured business loan starting from Rs.1 lakh*. Our unsecured business loans come with flexible repayment options and competitive interest rates. Applying is easy with the 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 Kakinada
Shriram Finance has multiple branches across Kakinada, offering convenient access to loan applications and management. Key locations include:
Locate Us
Business Loan Customer Care in Kakinada
For any inquiries or assistance regarding a business loan in Kakinada, 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 Kakinada
Track the progress of your business loan application in Kakinada 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 Kakinada?
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 Kakinada?
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 Kakinada?
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 Kakinada?
Yes, you can apply for a business loan in Kakinada. 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 Kakinada?
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 Kakinada?
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 Kakinada?
For a startup business loan in Kakinada 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 Kakinada?
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.