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Business Loan in Kurnool
Kurnool is a city in Andhra Pradesh with a growing economy centred around agriculture, limestone mining, and manufacturing and offers diverse opportunities for businesses. Shriram Finance empowers Kurnool's entrepreneurs with tailored business loan solutions. Securing adequate funding is vital for expansion, upgrades, and smooth 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 operational expenses. With flexible tenures of up to 84 months and attractive interest rates starting from 10%* p.a., Shriram Finance understands the Kurnool business environment. By streamlining the application process, Shriram Finance allows businesses to get capital quickly.
Business Loan Types in Kurnool
Shriram Finance provides a wide range of secured and unsecured business loans to facilitate your business needs in Kurnool. These include:
Features and Benefits of Business Loans in Kurnool
If you need financial help to expand and grow your business, Shriram Finance is an ideal choice for availing a hassle-free business loan in Kurnool. Benefits 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 Kurnool
Shriram Finance offers competitive interest rates on business loans in Kurnool, starting from just 10%* p.a.. For all the details on specific interest rates and any fees that might apply, please check our website or pop into our Kurnool branch
| 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 Kurnool
Eligibility and Documentation Criteria for Business Loans in Kurnool
Eligible Applicants:- Private Limited Companies
- Public Limited Companies
- Limited Liability Partnerships (LLPs)
- Sole Proprietorships
- Partnership firms
Eligibility Criteria:- 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).
Required Documents:- Recent photograph
- Proof of business registration
- Applicant's PAN card
- Six-month bank statement
- Business PAN card
Step-by-Step Application Process for Business Loans in Kurnool
Applying for a Shriram Business Loan in Kurnool is a simple 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 Kurnool
For emerging businesses in Kurnool, Shriram Finance offers the perfect solution: an unsecured business loan, starting from Rs1 lakh*, that requires no collateral! This means you don't need to pledge any assets to get the funding you need. Enjoy flexible repayment options, competitive interest rates, and a simple online application process. These loans offer significant advantages: no collateral requirements, faster approval, and attractive credit terms. To qualify, your business should have been operating for at least 3 years, and you'll need to provide the necessary documentation. Eligibility is based on standard criteria, and availability may depend on your specific location.
Our Business Loan Branches in Kurnool
Shriram Finance has branches across Kurnool, making it convenient for customers to apply and manage their loans. Key locations include:
Locate Us
Business Loan Customer Care in Kurnool
For any inquiries or assistance regarding a business loan in Kurnool, Shriram Finance offers 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.
Business Loan Status in Kurnool
To check the status of your business loan application in Kurnool, visit our website and enter your application reference number. You can also contact customer care for real-time updates on your loan processing status.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Kurnool?
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 Kurnool?
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 Kurnool?
Shriram Finance provides business loans starting from Rs1 lakh*. The maximum loan amount depends on your business's needs and eligibility.
Can I apply for a business loan in Kurnool?
Yes, you can apply for a business loan in Kurnool. 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 Kurnool?
You can choose a loan tenure from 12 to 48 months for unsecured business loans and 12 â 84 months for secured business loans.
What is the processing time for a business loan in Kurnool?
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 Kurnool?
For a startup business loan in Kurnool 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 Kurnool?
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.