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Business Loan in Kasaragod
Kasaragod is a coastal city in Kerala known for diverse economy supported by small businesses and tourism. Shriram Finance aims to fuel this growth by offering customised financing solutions. A business loan in Kasaragod can provide the necessary financial boost for businesses to thrive in this dynamic market. To empower Kasaragod's entrepreneurial ambitions, Shriram Finance offers a range of loan solutions with flexible tenures extending up to 60 months and attractive interest rates. Apply business loan in Kasaragod which simplifies the process, ensuring businesses can secure funding without delay. Shriram Finance stands as a trusted partner in Kasaragod's economic advancement, with business loans starting from Rs.1 lakh*. Shriram Finance provides a simplified application process and expert support, ensuring businesses receive the capital they need swiftly.
Business Loan Types in Kasaragod
Shriram Finance extends a diverse suite of secured and unsecured business loan products, tailored to support the varied financial requirements of enterprises in Kasaragod. These offerings include:
Features and Benefits of Business Loans in Kasaragod
For entrepreneurs seeking monetary assistance to facilitate the expansion of their business operations, Shriram Finance emerges as a premier choice for securing a straightforward business loan application in Kasaragod. 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 Kasaragod
For Shriram Finance unsecured business loan products in Kasaragod, interest begins at 12%*p.a, and secured business loan interest begins at 10%* p.a. contingent on aspects such as the loan amount and applicant's profile. See further details for thorough information regarding interest rates and charges applicable.
| 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 Kasaragod
Eligibility and Documentation Criteria for Business Loan in Kasaragod
Who Can Apply- Partnership firms
- Proprietorship firms
- Public Ltd companies
- LLPs
- Pvt 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- Business PAN
- Applicant PAN
- Selfie Photograph
- Bank statement (6 months)
- Business registration proof
Step-by-Step Application Process for Business Loans in Kasaragod
Submitting an application to apply business loan in Kasaragod with Shriram is a 5 stage process:
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 Kasaragod
For enterprises, Shriram Finance extends a practical route via its unsecured business loan, dispensing with security. This enables entrepreneurs to secure funds without allocating personal items as surety. Shriram Finance's unsecured business loans start from a particular amount. Shriram Finance presents unsecured business loans that boast adaptable repayment timeframes along with economical interest rates. Petitioning for a security-free business loan via Shriram Finance incorporates an undemanding online conduct. These loans offer gains, most prominently no collateral, a swift sanctioning mechanism, and enhanced credit conditions. To qualify, your entity is expected to exhibit a minimum operational duration and provide all prescribed paperwork. Availability might differ in accordance with the business's location.
Our Business Loan Branches in Kasaragod
Through its various Business Loan Branches in Kasaragod, Shriram Finance ensures customer convenience in applying for and managing their loans:
Locate Us
Business Loan Customer Care in Kasaragod
For any questions or help required about a business loan in Kasaragod, Shriram Finance delivers comprehensive Business Loan Customer Care in Kasaragod. Contact us via phone or visit any of our branches for tailored assistance.
Business Loan Status in Kasaragod
To learn the position of your business loan application, please access our online portal and enter your allotted reference number. Customer support is also available for current insights on your loan's processing phase. Choosing Shriram Finance assures a smooth lending voyage, thoughtfully arranged to bring about your financial goals whilst in Kasaragod.
Business Loans in Major Cities
Business Loan FAQs
Who holds the eligibility for a business loan in Kasaragod?
Partnerships, sole proprietorships, private limited firms, public limited firms, and Limited Liability Partnerships are all set to apply for a business loan. The individual applying should be between the ages of 21 years to 65 years). Self-employed individuals, business proprietors, or traders holding a minimum of 3 years in trading history are also considered.
What interest rate is applicable for a business loan in Kasaragod?
The interest rate for our business loans commences from 10%* p.a. For comprehensive details on interest rates and relevant charges/fees, please consult our rate of interest and charges section.
How much loan amount can I get for my enterprise in Kasaragod?
Shriram Finance provides business loans starting from Rs.1 lakh*. The maximum loan sum is subject to your enterprise's needs and eligibility. The interest rate for unsecured loans is marked at 12%*p.a, whereas secured business loans come at 10%* p.a.
Am I able to apply for a business loan in Kasaragod?
Yes, you can apply for a business loan in Kasaragod. Applying for a business loan with Our Finance is a breeze. You can either apply online or by making a visit to our branch.
What is the longest tenure for a business loan in Kasaragod?
You have the liberty to opt for a loan tenure ranging from 12 to 48 months for unsecured business advances, and from 12 – 84 months for secured business advances.
What is the processing time for a business loan in Kasaragod?
Typically, the loan approval takes around 2- 3 business days. This is conditional to the reliability of the data furnished, fulfilment of the eligibility standards, and submission of the necessary documentation.
What are the eligibility conditions for availing of a startup business loan in Kasaragod?
For a startup business loan in Kasaragod via Shriram Finance, the eligibility conditions are, in general, the same as those for a standard business loan.
What is the minimum interest rate that applies to a business loan in Kasaragod?
The base interest rate initiates 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.