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Business Loan in Kottayam
Kottayam is a city in Kerala. It has a diverse economy. Shriram Finance supports local enterprises with customised financial solutions. A business loan in Kottayam can enable businesses to leverage new opportunities and expand operations. Loans feature minimal paperwork, quick approval, and flexible repayment. We offer customised loan solutions which includes secured and unsecured business loan. Recognising the distinct needs of Kottayam's businesses, Shriram Finance provides a simplified application process and expert support, ensuring businesses receive the capital they need swiftly. Shriram Finance stands as a trusted partner in Kottayam's economic advancement, with business loans starting from Rs1 lakh*.
Business Loan Types in Kottayam
Shriram Finance extends a diverse suite of secured and unsecured business loan products, tailored to support the varied financial requirements of enterprises in Kottayam. These offerings include:
Features and Benefits of Business Loans in Kottayam
For entrepreneurs seeking monetary assistance to facilitate the expansion of their business operations, Shriram Finance emerges as a premier choice for securing a straightforward business loan application in Kottayam. Key advantages include:
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 Kottayam
For Shriram Finance unsecured business loan options in Kottayam, interest rates begin at 12%*p.a See detailed information for full details on interest rates and charges. 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
âı 1,00,000
Interest Payable
âı 39,450
Monthly EMI
âı 1,660
Eligibility and Documentation Criteria for Business Loan in Kottayam
Eligibility and Documentation Criteria for Business Loan in Kottayam
Who can apply?- Proprietorship firms
- Pvt Ltd companies
- Public Ltd companies
- LLPs
- Partnership firms
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:- Selfie Photograph
- Bank statement (6 months)
- Business registration proof
- Business PAN
- Applicant PAN
Step-by-Step Application Process for Business Loans in Kottayam
Applying for a business loan with Shriram involves 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 Kottayam
Shriram Finance extends a practical route via its unsecured business loan, dispensing with the need for security. This enables entrepreneurs to secure funds without allocating personal items as surety. Shriram Finance's unsecured business loans start from a particular amount. Petitioning for a security-free business loan via Shriram Finance incorporates an undemanding online process. These loans offer gains, most prominently no collateral requirements, a swift sanctioning mechanism, and enhanced credit conditions. To qualify, your entity is expected to exhibit a minimum operational duration and provide all prescribed paperwork. Availability might differ in accordance with the business's location. Shriram Finance presents unsecured business loans that boast adaptable repayment timeframes along with economical interest rates
Our Business Loan Branches in Kottayam
With conveniently placed Business Loan Branches in Kottayam, Shriram Finance makes sure it is easy for customers to apply and manage their loans:
Locate Us
Business Loan Customer Care in Kottayam
If you have any queries or require assistance with a business loan in Kottayam, the Shriram Finance customer service team is available. Please contact us by phone or visit us at any of our branches for tailored support.
Business Loan Status in Kottayam
To learn the position of your business loan application, please access our online portal and enter your allotted reference number. Our customer support team is also available to provide current insights on your loan's processing phase. Shriram Finance assures a smooth lending journey, thoughtfully arranged to bring about your financial goals within Kottayam.
Business Loans in Major Cities
Business Loan FAQs
Who is qualified for a business loan in Kottayam?
Associations, sole proprietorships, private limited organisations, public limited organisations and LLPs are qualified to apply for a business loan. The candidate ought to be between 21 years to 65 years of age (with age at loan development not surpassing 65 years).
What is the pace of interest on a business loan in Kottayam?
The pace of interest for our business loan begins from 10%* p.a. For nitty gritty data on rates of interest and relevant expenses/charges, if it's not too much trouble allude to our pace of interest and charges segment above.
How much credit might I at any point get for my business in Kottayam?
Our Finance gives business advances beginning from Rs1 lakh*. The greatest credit sum relies upon your business's necessities and qualification. For unsecured loans, the interest rate is 12%*p.a, while secured business loans have a 10%* p.a. rate.
Could I at any point apply for a business loan in Kottayam?
Indeed, you can apply for a business loan in Kottayam. Applying for a business loan with Our Finance is exceptionally easy. You can apply on the web or visit a branch.
What is the most extreme credit residency for a business loan in Kottayam?
You can pick a credit residency from 12 to 48 months for unsecured business advances and 12 â 84 months for business advances. Shriram Finance offers flexible loan tenures of up to ##bl-tenure-min##.
What is the handling time for a business loan in Kottayam?
The credit endorsement time is approximately 2- 3 business days. This is reliant upon the believability of the data outfitted, satisfaction of the qualification standards, and accommodation of significant archives.
What is the qualification for a new business loan in Kottayam?
For a new business loan in Kottayam from Shriram Finance, the qualification rules are generally something similar to for a standard business loan.
What is the base rate of interest for a business loan in Kottayam?
The base rate of interest 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.