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Business Loan in Karnal
Karnal is a major agricultural hub in Haryana and known for its association with research institutions. It offers diverse opportunities for businesses in agriculture, food processing, and related industries. Shriram Finance aims to support Karnal'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 understands the challenges faced by Karnal businesses and provides flexible loan solutions to meet their needs. Enjoy minimal paperwork, quick approvals, and a range of repayment options tailored to your business. Choose from secured or unsecured loans with competitive rates starting at 10%* p.a. and tenures up to 84 months. Partner with us for your growth, with loans starting from Rs.1 lakh*.
Business Loan Types in Karnal
Shriram Finance presents a comprehensive suite of secured and unsecured business loan products, thoughtfully designed to address the diverse financial demands of businesses in Karnal. These offerings include:
Features and Benefits of Business Loans in Karnal
Shriram Finance is a great option if your business needs funds to grow. Applying for a business loan in Karnal is easy, with benefits such as:
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 Karnal
Interest rates for Shriram Finance unsecured business loan in Karnal start from 12%*p.a Refer to the particulars below for exhaustive information on interest rates and pertinent 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
âı 1,00,000
Interest Payable
âı 39,450
Monthly EMI
âı 1,660
Eligibility and Documentation Criteria for Business Loan in Karnal
Eligibility and Documentation Criteria for Business Loan in Karnal
Who Can Apply- Proprietorship firms
- Public Ltd companies
- Partnership firms
- Pvt Ltd companies
- LLPs
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 PAN
- Bank statement (6 months)
- Business registration proof
- Selfie Photograph
- Applicant PAN
Step-by-Step Application Process for Business Loans in Karnal
The procedure to apply business loan in Karnal with Shriram Finance involves 5 distinct 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 Karnal
Shriram Finance can provide a practical means for small and medium-sized enterprises through its collateral-free business loan. An unsecured business loan allows you to obtain funding without needing to pledge any assets. With Shriram Finance, you can access an unsecured business loan to help manage expenses. Applying for an unsecured business loan with Shriram Finance involves a hassle-free online process. These loans offer benefits, including no collateral requirements and a quick and easy approval process. To be eligible for an unsecured business loan from Shriram Finance, your business needs to meet certain operational and documentary requirements. The availability of unsecured business loans can depend on the business location.
Our Business Loan Branches in Karnal
Shriram Finance operates Business Loan Branches in Karnal, simplifying the process for patrons to apply for and oversee their loans:
Locate Us
Business Loan Customer Care in Karnal
For any inquiries or support needed regarding a business loan in Karnal, Shriram Finance has specialised Business Loan Customer Care in Karnal. Assistance is available over the phone, or through personal meetings at any of our branches.
Business Loan Status in Karnal
To find out about the status of your business loan application, you can visit our website and enter your application reference number. Alternatively, 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 Karnal?
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 Karnal?
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 Karnal?
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 Karnal?
Yes, you can apply for a business loan in Karnal. 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 Karnal?
You can choose a loan tenure from 12 to 48 months for unsecured business loans and 12 â 84 months for secured business loans.
What is the processing time for a business loan in Karnal?
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 Karnal?
For a startup business loan in Karnal 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 Karnal?
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.