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Business Loan in Kanchipuram
Kanchipuram has a thriving local economy supported by small businesses. Shriram Finance wants to help this growth by offering loan options made just for them. A business loan in Kanchipuram can give businesses the money they need to succeed in this busy market. To help businesses in Kanchipuram achieve their goals, Shriram Finance has different types of loans with flexible payment plans and attractive interest rates. Businesses in Kanchipuram can Apply business loan in Kanchipuram through Shriram Finance simplifying the process, so businesses can get the funds they need without any delays. Knowing what businesses in Kanchipuram need, Shriram Finance makes the loan process easy to understand and gives expert help so businesses can get the money they need quickly. Shriram Finance is a reliable partner in Kanchipuram's economic growth, with business loans starting from Rs.1 lakh*.
Business Loan Types in Kanchipuram
To help you meet all of your business needs, Shriram Finance provides a range of secured and unsecured business loan options in Kanchipuram. These include:
Features and Benefits of Business Loans in Kanchipuram
For expanding businesses, Shriram Finance offers competitive rates and flexible repayment options with business loan solutions in Kanchipuram. Features and 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 Kanchipuram
Interest rates for Shriram Finance unsecured business loan solutions in Kanchipuram start from 12%*p.a Do please consult the detailed information for exact figures on interest and any applicable 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 Loans 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 Loan in Kanchipuram
Eligibility and Documentation Criteria for Business Loan in Kanchipuram
Who Can Apply- Proprietorship firms
- Partnership firms
- Pvt Ltd companies
- Public Ltd companies
- LLPs
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
- Applicant PAN
- Business PAN
- Business registration proof
- Bank statement (6 months)
Step-by-Step Application Process for Business Loans in Kanchipuram
The Shriram Finance Business Loan Application process is rather streamlined:
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 Kanchipuram
Shriram Finance serves as a valuable resource for enterprises in search of growth, offering unsecured business loans that eliminate the need for collateral. This enables businesses to secure funds without needing to allocate personal items as surety. Shriram Finance's unsecured business loan is available for managing a range of business needs in Kanchipuram. With Shriram Finance's unsecured business loans, you can expect both competitive interest rates and adaptable repayment timeframes. Petitioning for a security-free business loan via Shriram Finance is made simple with its undemanding online process. The benefits of these loans include having no collateral requirements, a swift sanctioning mechanism, and better credit terms. To qualify, businesses are expected to exhibit a minimum operational duration and provide all prescribed paperwork. Note that unsecured business loan availability may differ in accordance with the business's location.
Our Business Loan Branches in Kanchipuram
Thanks to its branches in Kanchipuram, Shriram Finance facilitates easy access for all customers looking to apply and manage their loans:
Locate Us
Business Loan Customer Care in Kanchipuram
For all questions, or should you require any assistance with regards to a business loan in Kanchipuram, the Shriram Finance customer care team is ready to help. Please contact us via phone, or do visit one of our branches for personalised support.
Business Loan Status in Kanchipuram
If you are seeking to learn about the position of your business loan application, please access our online portal and enter your allotted reference number. You can also get in touch with our customer support team, who are available to provide current insights on your loan's processing phase. Opting for Shriram Finance assures a streamlined lending journey, thoughtfully arranged to facilitate your financial goals in Kanchipuram.
Business Loans in Major Cities
Business Loan FAQs
What qualifications are needed to secure a business loan in Kanchipuram?
If you're running a partnership firm, sole proprietorship, private limited company, public limited company, or a Limited Liability Partnership (LLP), you're welcome to apply for a business loan. We need the applicant to be between 21 years to 65 years old, and to not be older than 65 years when the loan is due to finish. We also need self-employed individuals, business owners, and proprietors to have at least 3 years of business experience.
What rate of interest applies to a business loan from Shriram Finance in Kanchipuram?
The rate of interest that applies to our business loans starts at 10%* p.a. Have a look at our interest rate policy for the complete details about the rates that apply, and any other charges you might need to pay.
How much funding can my business in Kanchipuram potentially get through Shriram Finance?
Our business loans at Shriram Finance start from Rs.1 lakh*. The final loan amount we approve will depend on things like your credit score, how much revenue you're bringing in, and how strong your business plan is.
How can an application for a business loan from Shriram Finance in Kanchipuram be formally submitted?
Applying for a business loan with us is designed to be as simple as possible. You can kick things off on our website. Register using your mobile number, verify your details using the one-time password (OTP) we send, and enter your personal information. One of our team will then get in contact to guide you through the rest of the process.
What repayment options are available for a business loan in Kanchipuram?
You'll have a choice of loan tenures. For unsecured business loans, you can choose a repayment period anywhere from 12 to 48 months. With secured business loans, we offer a longer repayment timescale of 12 – 84 months.
What is the anticipated processing time for a business loan in Kanchipuram?
We aim to get our loan approvals sorted within about 2- 3 business days. However, the processing time can depend on the type of loan you're after, the amount of funding you need, and a few other bits and pieces.
What are the specific requirements for obtaining a startup business loan from Shriram Finance in Kanchipuram?
If you are after a startup business loan from Shriram Finance, the requirements you'll need to meet are generally much the same as the ones for our standard business loans.
What is the baseline interest rate for business loans offered in Kanchipuram?
The baseline interest rate is 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.