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Business Loan in Khandwa
Khandwa, known for its agricultural markets and small-scale industries, presents a thriving environment for business growth. Whether you're planning to expand operations, invest in machinery, or boost working capital, the right financial support can help you move forward with confidence. At Shriram Finance, we offer secured and unsecured business loans to suit diverse financial needs. Secured loans allow higher borrowing limits with longer repayment tenures, making them ideal for large-scale investments. Unsecured loans, on the other hand, provide quick funding without collateral, helping businesses meet immediate financial requirements. With loan amounts starting from Rs.1 lakh*, Shriram Finance ensures that businesses in Khandwa have access to flexible and customised loan solutions. Discover how our business loans can support your growth today!
Business Loan Types in Khandwa
Shriram Finance provides various business loan options in Khandwa to help entrepreneurs meet their financial needs with ease.
Features and Benefits of Business Loans in Khandwa
If you're looking for financial support to expand your business in Khandwa, Shriram Finance offers the ideal solution. Here are the benefits:
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 Khandwa
Review the table below to find the interest rates for Shriram Business Loan, starting at an attractive 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 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 Khandwa
Eligibility and Documentation Criteria for Business Loans in Khandwa
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:- Bank statement (6 months)
- Business PAN
- Applicant PAN
- Business registration proof
- Selfie Photograph
Step-by-Step Application Process for Business Loans in Khandwa
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 Khandwa
If you're looking to boost your business in Khandwa, Shriram Finance offers unsecured business loans that don't require collateral. These loans start from Rs.1 lakh*, providing flexible financing for business growth without the need to pledge any assets.
Our Business Loan Branches in Khandwa
Shriram Finance offers a branch locator tool to help you find the nearest branch in Khandwa. Use it to locate your closest service point.
Locate Us
Business Loan Customer Care in Khandwa
For any inquiries or assistance regarding a business loan in Khandwa, get in touch with Shriram Finance today!
Business Loan Status in Khandwa
Track your business loan application status in Khandwa by visiting our website and entering your application reference number. Choose Shriram Finance today!
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Khandwa?
Business loans in Khandwa are available to Partnership firms, Proprietorship firms, Private Limited Companies, Public Limited Companies, and LLPs. Applicants must be between 21 years to 65 years old, ensuring the loan matures before they turn65 years. Additionally, self-employed individuals, business owners, or proprietors with at least 3 years of business experience are eligible.
What is the interest rate on a business loan in Khandwa?
Shriram Finance offers business loans with interest rates starting from 10%* p.a. For complete details on applicable charges and rates, please refer to their official interest rate section.
How much loan can I get for my business in Khandwa?
The minimum loan amount available for businesses in Khandwa is Rs.1 lakh*. The maximum amount depends on your business requirements and eligibility.
Can I apply for a business loan in Khandwa?
Yes, business owners in Khandwa can apply for a loan online through Shriram Finance's website or by visiting the nearest branch.
What is the maximum loan tenure for a business loan in Khandwa?
Loan tenure options range from 12 to 48 months for unsecured business loans and 12 – 84 months for secured loans.
What is the processing time for a business loan in Khandwa?
Loan approvals are processed quickly, depending on the accuracy of provided information, eligibility fulfilment, and the timely submission of required documents.
What is the eligibility for a start-up business loan in Khandwa?
The eligibility criteria for start-up business loans in Khandwa are generally the same as regular business loans.
What is the minimum interest rate for a business loan in Khandwa?
The minimum interest rate starts at 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.