- Gold Price
Gold | 24k (999 Purity)
Silver | 24k (999 Purity)
- Profile IconRegister / Login
Notifications5
Terms and Conditions
Business Loan in Kanpur
Kanpur is a major industrial city in Uttar Pradesh with a rich history that offers many opportunities for businesses in leather, textiles, and manufacturing. Shriram Finance aims to support Kanpur'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. Shriram Finance offers Kanpur businesses accessible loans with minimal paperwork, swift approvals, and adaptable repayment plans. We understand the local market's specific needs and offer tailored secured and unsecured options. Benefit from competitive interest rates (starting at 10%* p.a.) and flexible repayment periods up to 84 months. With loans starting from Rs.1 lakh* and a streamlined application process, we make getting the capital you need easier than ever.
Business Loan Types in Kanpur
Shriram Finance provides a diverse array of secured and unsecured business loan options, carefully structured to cater to the unique financial requirements of businesses operating in Kanpur. These encompass:
Features and Benefits of Business Loans in Kanpur
For entrepreneurs in Kanpur seeking financial assistance to facilitate the expansion of their business operations, Shriram Finance emerges as a premier choice for securing a straightforward business loan application. Key advantages 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 Kanpur
Interest rates for Shriram Finance unsecured business loan solutions in Kanpur begin at 12%*p.a For detailed information on interest rates and applicable fees, please consult the specifics provided. 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 Kanpur
Eligibility and Documentation Criteria for Business Loan in Kanpur
Who Can Apply- Pvt Ltd companies
- Partnership firms
- LLPs
- Public Ltd companies
- Proprietorship firms
Eligibility Criteria- Occupation: Self-employed individuals, business owners, or proprietors with a minimum of 3 years of business experience.
- Age: 21 years to 65 years (Age at loan maturity should not exceed 65 years)
Documents Required- Business registration proof
- Applicant PAN
- Selfie Photograph
- Bank statement (6 months)
- Business PAN
Step-by-Step Application Process for Business Loans in Kanpur
Submitting an application to apply business loan in Kanpur with Shriram is a process completed in 5 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 Kanpur
Shriram Finance is well-equipped to support emerging businesses with its unsecured business loan, which requires no collateral. This type of business loan allows business owners to acquire funding without needing to pledge any assets. With Shriram Finance, an unsecured business loan to address various business needs is within reach. Unsecured business loans from Shriram Finance are designed with accommodating repayment periods and competitive interest rates. The application process is streamlined and hassle-free. These loans offer distinct advantages, including no collateral requirements, a swift approval process, and favourable credit terms. Businesses operational for at least 3 years and able to provide the required documentation can be eligible for an unsecured business loan from Shriram Finance. The availability of unsecured business loans may vary depending on the business location.
Our Business Loan Branches in Kanpur
Shriram Finance maintains Business Loan Branches in Kanpur, affording clients ease in application and loan management:
Locate Us
Business Loan Customer Care in Kanpur
For all queries or aid concerning a business loan in Kanpur, Shriram Finance avails dedicated Business Loan Customer Care in Kanpur services. Contact can be established via telephone or a visit to any branch for individualised assistance.
Business Loan Status in Kanpur
For updates on your business loan application, please visit our website and input your application reference number. Real-time updates on your loan processing status are also available from our customer care team. With Shriram Finance, a smooth borrowing experience designed to meet your financial goals in Kanpur is attainable.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Kanpur?
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 Kanpur?
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 Kanpur?
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 Kanpur?
Yes, you can apply for a business loan in Kanpur. 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 Kanpur?
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 Kanpur?
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 Kanpur?
For a startup business loan in Kanpur 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 Kanpur?
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.