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Business Loan in Kozhikode
Kozhikode is a coastal city in Kerala with a rich trading history, is a hub for small and medium-sized enterprises. Shriram Finance is dedicated to helping the city's entrepreneurs by offering easy loan options. Getting a business loan in Kozhikode can really help businesses grow and manage their money better. To help businesses expand, Shriram Finance offers both secured and unsecured business loan options to suit different needs. You can use these loans for things like buying new equipment, covering costs, or growing your business. Because getting money quickly is important, Shriram Finance has made the online process simple, so businesses can apply business loan in Kozhikode fast. Shriram Finance is a reliable friend to businesses in Kozhikode, with business loans starting from Rs1 lakh*.
Business Loan Types in Kozhikode
Shriram Finance provides a diverse array of secured and unsecured business loan options, carefully structured to cater to the unique financial requirements of businesses operating in Kozhikode. These encompass:
Features and Benefits of Business Loans in Kozhikode
For entrepreneurs in Kozhikode seeking financial assistance to facilitate the expansion of their business operations, Shriram Finance emerges as a premier choice for securing a straightforward business loan application. Key advantages include:
Hassle-free Online Process
Loan amount
Online EMI Calculator
Quick Loan & Approvals
Flexible Loan Tenure
Secured & Unsecured Loans
Business Loan Interest Rates and Charges in Kozhikode
Interest rates for Shriram Finance unsecured business loan solutions in Kozhikode begin at 12%*p.a* p.a. For detailed information 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
Shriram Finance extends a digital business loan interest rate calculator for expeditious computation of your Business Loan EMI and the cumulative payable sum.
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 Kozhikode
Eligibility and Documentation Criteria for Business Loan in Kozhikode
Who can apply?- Pvt Ltd companies
- Partnership firms
- LLPs
- Public Ltd companies
- Proprietorship firms
Eligibility Criteria:- Occupation: Self-employed individuals, business owners, or proprietors with a minimum of 3 years of business experience.
- Age: 21 years to 65 years (Age at loan maturity should not exceed 65 years)
Documents Required:- Business registration proof
- Applicant PAN
- Selfie Photograph
- Bank statement (6 months)
- Business PAN
Step-by-Step Application Process for Business Loans in Kozhikode
Submitting an application to apply business loan in Kozhikode with Shriram 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 Kozhikode
Shriram Finance is well-equipped to support emerging businesses with its unsecured business loan, which requires no collateral. This type of business loan allows business owners to acquire funding without needing to pledge any assets. With Shriram Finance, an unsecured business loan to address various business needs is within reach. Unsecured business loans from Shriram Finance are designed with accommodating repayment periods and competitive interest rates. The application process is streamlined and hassle-free. These loans offer distinct advantages, including no collateral requirements, a swift approval process, and favorable credit terms. Businesses operational for at least 3 years and able to provide the required documentation can be eligible for an unsecured business loan from Shriram Finance. The availability of unsecured business loans may vary depending on the business location.
Our Business Loan Branches in Kozhikode
Shriram Finance maintains Business Loan Branches in Kozhikode, affording clients ease in application and loan management:
Locate Us
Business Loan Customer Care in Kozhikode
For all queries or aid concerning a business loan in Kozhikode, Shriram Finance avails dedicated Business Loan Customer Care in Kozhikode services. Contact can be established via telephone or a visit to any branch for individualised assistance.
Business Loan Status in Kozhikode
For updates on your business loan application, please visit our website and input your application reference number. Real-time updates on your loan processing status are also available from our customer care team. With Shriram Finance, a smooth borrowing experience designed to meet your financial goals in Kozhikode is attainable.
Business Loans in Major Cities
Business Loan FAQs
Who qualifies for a business loan in Kozhikode?
If you operate a partnership, sole proprietorship, private limited company, public limited company, or a Limited Liability Partnership (LLP), you're welcome to apply for a business loan. The key applicant should be between 21 years to 65 years of age, ensuring they aren't older than65 years by the loan's end. We also consider self-employed individuals, business owners, and proprietors who bring at least 3 years of proven business experience to the table.
What is the interest rate applied to a business loan in Kozhikode?
The interest rate we offer for Shriram Finance business loans starts at 10%* p.a. For a detailed look at interest rates and any applicable fees or charges, please consult the interest rate and charges section.
What is the potential funding I could secure for my business in Kozhikode?
Business loans through Shriram Finance begin at Rs1 lakh*. The specific amount available hinges on variables like the particular needs of your business and your eligibility. For unsecured loans, the interest rate is 12%*p.a, while secured business loans offer a rate of 10%* p.a.
How can I submit my application for a business loan in Kozhikode?
Getting your application in for a Shriram Finance business loan is straightforward. You can conveniently apply online or pay a visit to one of our branches in person.
What repayment options are available for my business loan in Kozhikode?
We provide a flexible approach to loan repayment, with durations ranging from 12 to 48 months for unsecured business loans, and extending to 84 months for secured business loans.
What is the typical processing timeline for a business loan in Kozhikode?
We aim to streamline the loan approval process, typically achieving this in roughly ##bl-aproval-time##. The exact timeline depends on factors such as the accuracy of the information you furnish, fulfillment of eligibility criteria, and the prompt submission of required documents.
What are the essential requirements for a startup business loan in Kozhikode?
If you're seeking a startup business loan via Shriram Finance in Kozhikode, you'll generally find the requirements align with those of our standard business loan offerings.
What is the benchmark for interest rates on business loans in Kozhikode?
Interest rates begin 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.