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Business Loan in Kochi
Kochi (Cochin), a major port city in Kerala and a commercial hub, offers diverse opportunities for businesses in shipping, tourism, seafood, and IT. Shriram Finance aims to support Kochi'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. Get the funding your Kochi business needs quickly and easily with Shriram Finance. Our business loans feature a simplified application process with minimal paperwork and fast approvals. Choose from secured or unsecured loans, with flexible repayment options up to 84 months and attractive interest rates starting at just 10%* p.a.. We're committed to supporting Kanpur's growth, offering loans starting at Rs.1 lakh*.
Business Loan Types in Kochi
Shriram Finance offers both secured and unsecured business loan options, customised to serve different business-related financial demands in Kochi, including:
Features and Benefits of Business Loans in Kochi
If your business requires financial support for expansion, Shriram Finance is a reliable option for obtaining a simple business loan in Kochi. This includes 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 Kochi
Interest rates for Shriram Finance unsecured business loan in Kochi commence from 12%*p.a. For comprehensive details 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 Kochi
Eligibility and Documentation Criteria for Business Loan in Kochi
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 Kochi
Submitting an application to apply business loan in Kochi with Shriram Finance 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 Kochi
Shriram Finance offers a practical option for enterprises seeking expansion through its unsecured business loan, which does not require collateral. This particular loan enables businesses to acquire funds without needing to commit assets as a guarantee. An unsecured business loan from Shriram Finance is available for managing a range of business needs. Easy and convenient online applications are a hallmark of Shriram Finance's unsecured business loan process. Applying for an unsecured business loan with Shriram Finance is an easy and convenient online process. The advantages of these loans include the absence of collateral requirements, a swift and straightforward approval process, and improved credit terms. Meeting specific operational and documentation criteria is necessary to qualify for an unsecured business loan from Shriram Finance. Take note that the availability of unsecured business loans might differ based on where the business is located.
Our Business Loan Branches in Kochi
Shriram Finance maintains Business Loan Branches in Kochi, affording clients ease in application and loan management:
Locate Us
Business Loan Customer Care in Kochi
For all queries or aid concerning a business loan in Kochi, Shriram Finance avails dedicated Business Loan Customer Care in Kochi services. Contact can be established via telephone or a visit to any branch for individualised assistance.
Business Loan Status in Kochi
If you want to check the status of your business loan application, please visit our website and enter your application reference number. Our customer care team can provide real-time updates about your loan application.Shriram Finance provides a seamless borrowing experience customised to help achieve your financial aspirations in Kochi.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Kochi?
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 Kochi?
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 Kochi?
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 Kochi?
Yes, you can apply for a business loan in Kochi. 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 Kochi?
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 Kochi?
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 Kochi?
For a startup business loan in Kochi 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 Kochi?
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.