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Business Loan in Katihar
Katihar is steadily emerging as a centre for small and medium enterprises, supported by its agricultural richness and industrious population. For business owners and aspiring entrepreneurs, securing timely financial support is vital for sustaining operations and exploring growth opportunities. Business loans in Katihar from Shriram Finance are designed to meet these diverse financial needs. With interest rates starting from 10%* p.a., our loans offer an accessible solution for various business requirements. We recognise the importance of quick access to funds, which is why our application process is streamlined for fast approvals and requires minimal documentation. Our flexible repayment options help you manage expenses, whether you're growing your business or handling daily operations. At Shriram Finance, we provide both secured and unsecured loan options, allowing you to choose the best fit for your circumstances. We can help you gain the financial support necessary to grow your business and enhance the local economy in Katihar.
Business Loan Types in Katihar
Given below are the different business loan types in Katihar that you can explore based on your business needs:
Features and Benefits of Business Loans in Katihar
Explore the features and benefits of available business loan options in Katihar:
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 Katihar
Here's a table presenting the interest rates and fees for business loans from Shriram Finance in Katihar. Familiarity with these charges is key for businesses planning to secure financial support.
| 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 Katihar
Eligibility and Documentation Criteria for Business Loans in Katihar
Who can apply?- Partnership firms
- Proprietorship 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:- Bank statement (6 months)
- Business registration proof
- Business PAN
- Applicant PAN
- Selfie Photograph
Step-by-Step Application Process for Business Loans in Katihar
Applying for Shriram Business Loan is a 5-step 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 Katihar
Shriram Finance supports young and developing businesses with unsecured business loans that do not require collateral. You can get loans starting from Rs.1 lakh* without the need to pledge assets. Our loans offer flexible repayment terms and competitive interest rates. The online application process is easy, providing faster approvals and suitable credit terms. To be eligible, your business should have been operating for at least 3 years and have all essential documents.
Our Business Loan Branches in Katihar
Our Katihar branch has been helping local businesses access the financial support they need. Whether you are looking for funds to expand your business or manage day-to-day expenses, we are here to guide you towards the right loan solution.
Locate Us
Business Loan Customer Care in Katihar
Shriram Finance is available for all your business loan queries in Katihar. You can speak to our customer support team over the phone or visit the branch for personalised support.
Business Loan Status in Katihar
Get instant updates on your business loan application status in Katihar. Just enter your reference number on our website. Our customer care team is happy to help if you have any questions.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Katihar?
Sole proprietors, LLPs, partnership firms, and private and public limited companies in Katihar can apply. Applicants must be between 21 years to 65 years old with at least 3 years of business experience.
What is the interest rate on a business loan in Katihar?
Competitive interest rates for business loans in Katihar start from 10%* p.a. Additional charges are detailed in the section above.
How much loan can I get for my business in Katihar?
Loan amounts start from Rs.1 lakh* in Katihar, with the maximum limit depending on your business requirements and eligibility.
Can I apply for a business loan in Katihar?
Yes, you can apply online or by visiting the Shriram Finance branch in Katihar.
What is the maximum loan tenure for a business loan in Katihar?
Unsecured loans come with repayment options from 12 to 48 months, while secured loans offer tenures between 12 – 84 months.
What is the processing time for a business loan in Katihar?
Loan applications are processed within 2- 3 business days, depending on the fulfilment of eligibility and documentation.
What is the eligibility for a startup business loan in Katihar?
The eligibility criteria for startup business loans in Katihar match those of standard business loans.
What is the minimum interest rate for a business loan in Katihar?
Shriram Finance offers business loans in Katihar at competitive rates starting 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.