- Gold Price
Gold | 24k (999 Purity)
Silver | 24k (999 Purity)
- Profile IconRegister / Login
Notifications5
Terms and Conditions
Business Loan in Korba
Korba is a key industrial city known for its power and manufacturing sectors. It requires strong financial backing to support businesses of all scales. Business loans in Korba from Shriram Finance offer funding for business expansion, equipment purchases, inventory management, and operational expenses, helping businesses sustain and grow. We offer secured and unsecured loan options with tenures of up to 84 months, catering to various industries. Business loan types in Korba include flexible financing solutions with interest rates starting from 10%* p.a.. With minimal paperwork and a quick approval process, accessing funds has never been easier. Business owners can conveniently track their business loan status online, ensuring transparency throughout the process. With loan amounts starting from Rs.1 lakh*, Shriram Finance is dedicated to supporting Korba's entrepreneurs in achieving long-term business success.
Business Loan Types in Korba
Shriram Finance provides a wide range of business loan options in Korba to help businesses meet their financial goals efficiently. Here's a breakdown of our loan offerings:
Features and Benefits of Business Loans in Korba
With Shriram Finance, you can access business loans quickly and efficiently, ensuring your business gets the funds it needs.
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 Korba
Shriram Finance's business loans have interest rates that start at 10%* p.a. Refer to the following information for details on interest rates, fees, and charges:
| 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
âı 1,00,000
Interest Payable
âı 39,450
Monthly EMI
âı 1,660
Eligibility and Documentation Criteria for Business Loans in Korba
Eligibility and Documentation Criteria for Business Loans in Korba
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 Korba
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 Korba
Shriram Finance's unsecured business loans are a practical solution for businesses seeking capital without collateral. These loans, starting from Rs.1 lakh*, offer several key features: no collateral requirement, flexible repayment options (12 to 48 months), and a streamlined online application process. To be eligible, businesses must have been operational for at least 3 years and provide the required documentation. Shriram Finance's unsecured loans are designed to meet the financial needs of growing businesses. This offers a hassle-free way to access funds without pledging assets.
Our Business Loan Branches in Korba
Our business loan branches in Korba cater to entrepreneurs seeking financial assistance. Whether you need funds to expand, purchase inventory, or manage cash flow, we provide loan solutions tailored to your needs. Visit us to discover how we can help your business grow.
Locate Us
Business Loan Customer Care in Korba
If you require support with a business loan in Korba, Shriram Finance is ready to help. Contact our customer service team or visit a branch for personalised assistance.
Business Loan Status in Korba
Checking your personal loan status in Korba is quick and convenient. Enter your reference number on our website for instant updates. Get real-time assistance from our dedicated team. Shriram Finance ensures a hassle-free borrowing experience tailored to your financial needs.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Korba?
Business loans from Shriram Finance are open to Partnership firms, Proprietorship firms, Pvt Ltd companies, Public Ltd companies, and LLPs. Applicants should be aged between 21 years to 65 years, ensuring that the loan does not mature beyond 65 years. Additionally, self-employed individuals, business owners, or proprietors with at least 3 years of business experience qualify for a loan.
What is the interest rate on a business loan in Korba?
The interest rate for business loans starts from 10%* p.a. Additional charges and fee details are available in the section above.
How much loan can I get for my business in Korba?
Shriram Finance offers business loans starting from Rs.1 lakh*. The maximum loan amount is based on business eligibility and financial requirements.
Can I apply for a business loan in Korba?
Yes, you can apply online or visit the nearest Shriram Finance branch.
What is the maximum loan tenure for a business loan in Korba?
Unsecured loans range from 12 to 48 months, while secured loans offer flexible tenures from 12 â 84 months.
What is the processing time for a business loan in Korba?
Loans are typically approved within 2- 3 business days, subject to eligibility and document verification.
What is the minimum interest rate for a business loan in Korba?
You can obtain business loans for interest 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.