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Business Loan
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Business Loan in Kollam

Kollam is a historic port city in Kerala that offers diverse opportunities for businesses in cashew processing, fishing, tourism, and trade. Shriram Finance empowers Kollam's entrepreneurs with tailored business loan solutions. Securing adequate funding is vital for expansion, upgrades, and smooth day-to-day operations. Our business loans have competitive rates (starting from 10%* p.a.), and loan amounts tailored to meet specific business needs; used for business expansion, working capital, purchasing equipment, or managing expenses. Our loans feature minimal paperwork, quick approval, and flexible repayment. We offer customised loan solutions which includes secured and unsecured business loans. With flexible tenures of up to 84 months and attractive interest rates starting from 10%* p.a., Shriram Finance understands the Kollam business environment. By streamlining the application process, Shriram Finance allows businesses to get capital quickly. Shriram Finance is a trusted partner for Kollam's growth, with business loans starting from Rs.1 lakh*.

Business Loan Types in Kollam

Shriram Finance offers several types of business loan in Kollam, both secured and unsecured. These include:

MSME Loan
MSME Loan
Tailored for micro, small, and medium-sized businesses to meet a variety of expenses, including working capital, equipment purchases, and expansion costs.
Supply Chain Finance
Supply Chain Finance
These loans offer flexible payment options for both buyers and suppliers, at competitive interest rates. This helps ensure a smoother, more efficient supply chain.
Working Capital Loan
Working Capital Loan
This type of loan supports the day-to-day operations of a business. It covers expenses such as inventory, salaries, supplies, and other operational costs.
Trade Finance
Trade Finance
Designed to support import and export businesses. This includes financial tools like letters of credit, invoice factoring (getting paid early for invoices), and export credit insurance.
Shop Loan
Shop Loan
Designed to help small retail businesses like shops and boutiques finance their operations and grow. These loans can be used for working capital, inventory, equipment upgrades, and marketing.
Startup Business Loan
Startup Business Loan
Specifically designed to help new businesses get off the ground and grow. These loans can be used for initial costs like buying equipment, marketing, or developing new products.
GST Business Loan
GST Business Loan
These loans are offered to business owners based on their Goods and Services Tax (GST) filings. The loan amount is determined based on these filings, making it easier to manage GST payments.
Loan Without Financials
Loan Without Financials
Aimed at businesses that struggle to provide standard financial documents, like startups or those with a limited credit history. It doesn't require detailed financial statements or proof of financial stability. Note: Availability may vary depending on the location of the business.
Loan Without Financials
Business Loan for Women
Specifically designed to help women entrepreneurs launch or expand their businesses. Available to women-owned businesses of all sizes.

Features and Benefits of Business Loans in Kollam

If you need financial help to grow your business in Kollam, Shriram Finance offers a simple business loan solution. The advantages include:

Online EMI Calculator

Online EMI Calculator

Accurately calculate your monthly payments with our easy-to-use online EMI Calculator.
Loans starting from Rs. 1 lakh*

Loans starting from Rs. 1 lakh*

Manage your business expenses with loans starting from Rs. 1 lakh*.
Secured & Unsecured Loans

Secured & Unsecured Loans

Shriram Finance offers both secured and unsecured business loan options, depending on your business location. Get an unsecured business loan at an interest rate of 12%*p.a. and secured business loan at 10%* p.a.
Quick Loan & Approvals

Quick Loan & Approvals

Expect a fast loan approval process to ensure your business needs are met on time. The approval time is about 2- 3 business days, based on the reliability of the information provided, meeting the requirements, and submission of the necessary documents.
Flexible Loan Tenure

Flexible Loan Tenure

Choose from a range of flexible tenure options. Secured Loans start from 12 – 84 months, and unsecured business loans range from 12 to 48 months.
Hassle-free Online Process

Hassle-free Online Process

Apply for your loan and get it approved online in a few simple steps.

Business Loan Interest Rates and Charges in Kollam

At Shriram Finance, interest rates for business loans in Kollam start at 10%* p.a. Please check our website or speak with our Kollam branch staff for complete details on interest rates and any associated fees.

Type of Fees Applicable Charges
Interest RateCustomised interest rates starting from 10%* p.a.
Processing FeesUp to 5%*
Late Payment Fees36%* p.a on the Overdue Amount
Foreclosure ChargesUp 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

Loan tenure
months

Min 12 months

Max 84 months

Loan Summary

loangraph

Loan

Loan Amount

₹ 1,00,000

Interest Payable

₹ 39,450

Monthly EMI

₹ 1,660

Eligibility and Documentation Criteria for Business Loans in Kollam

Eligibility and Documentation Criteria for Business Loans in Kollam

  • Individual IconEligible Applicants:
    • Sole Proprietorships
    • Partnership firms
    • Limited Liability Partnerships (LLPs)
    • Private Limited Companies
    • Public Limited Companies
  • Individual IconEligibility Requirements:
    • Professional Profile: Self-employed individuals, business owners, or proprietors must demonstrate a minimum of 3 years of business experience.
    • Age: Applicants should be between 21 years to 65 years old (with loan maturity not exceeding 65 years).
  • Individual IconRequired Documents:
    • Applicant's PAN card
    • Six-month bank statement
    • Business PAN card
    • Recent photograph
    • Proof of business registration

Step-by-Step Application Process for Business Loans in Kollam

Obtaining a Shriram Business Loan in Kollam involves five straightforward steps:

How To Apply

  • Step 1

    Register using your mobile number

  • Step 2

    Enter loan details

  • Step 3

    Enter business details

  • Step 4

    Receive a verification call from us

  • Step 5

    Get your loan disbursed

Unsecured Business Loans in Kollam

Shriram Finance offers an ideal solution for growing businesses in Kollam with our unsecured business loan that requires no collateral. An unsecured business loan does not require you to keep any asset as collateral. With Shriram Finance, you can get an unsecured business loan starting from Rs. 1 lakh*. Shriram Finance offers unsecured business loans with flexible repayment tenures and affordable interest rates. Applying for an unsecured business loan with Shriram Finance is a hassle-free and easy online process. These loans are beneficial because no collateral is required, the approval process is quicker and easier, and they come with better credit terms. To be eligible for an unsecured business loan from Shriram Finance, your business should have been operational for at least 3 years, and you must provide all the required documentation. An unsecured business loan is offered to business owners based on the fulfilment of eligibility criteria.

Our Business Loan Branches in Kollam

Shriram Finance has multiple branches across Kollam, offering convenient access to loan applications and management. Key locations include:

Locate Us

or

  • ANDAMAN AND NICOBAR ISLANDS
  • ANDHRA PRADESH
  • ASSAM
  • BIHAR
  • CHANDIGARH
  • CHHATTISGARH
  • DADRA AND NAGAR HAVELI
  • DELHI
  • GOA
  • GUJARAT
  • HARYANA
  • HIMACHAL PRADESH
  • JAMMU AND KASHMIR
  • JHARKHAND
  • KARNATAKA
  • KERALA
  • MADHYA PRADESH
  • MAHARASHTRA
  • MANIPUR
  • MEGHALAYA
  • ODISHA
  • PUDUCHERRY
  • PUNJAB
  • RAJASTHAN
  • SIKKIM
  • TAMIL NADU
  • TELANGANA
  • TRIPURA
  • UTTAR PRADESH
  • UTTARAKHAND
  • WEST BENGAL

Business Loan Customer Care in Kollam

For any inquiries or assistance regarding a business loan in Kollam, Shriram Finance provides dedicated customer care services. You can reach out via phone or visit any branch for personalised support. Contact details and branch addresses can be found on our website.

Toll Free

Business Loan Status in Kollam

Track the progress of your business loan application in Kollam through our website using your reference number. You can also contact our customer care team for real-time updates.

Business Loans in Major Cities

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Business Loan in Indore

Business Loan FAQs

Who is eligible for a business loan in Kollam?

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 Kollam?

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 Kollam?

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 Kollam?

Yes, you can apply for a business loan in Kollam. 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 Kollam?

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 Kollam?

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 Kollam?

For a startup business loan in Kollam 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 Kollam?

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.