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Business Loan in Latur
Latur's growing economic landscape offers a favourable environment for business ventures. Shriram Finance is committed to providing accessible financing solutions through tailored business loans for local entrepreneurs. Starting from Rs1 lakh* and interest rates beginning at 10%* p.a., financial support is both attractive and attainable. The application process is efficient, ensuring quick approvals to help you seize opportunities. Whether your needs involve expansion, equipment purchases, or working capital, Shriram Finance offers repayment terms of up to 84 months. Entrepreneurs can benefit from both secured and unsecured loan options with minimal collateral requirements, making it easier to secure the necessary funding.
Business Loan Types in Latur
Shriram Finance presents a diverse range of secured and unsecured business loans fulfilling varied commercial requirements in Latur. Their comprehensive portfolio features:
Features and Benefits of Business Loans in Latur
For entrepreneurs looking to expand their business, Shriram Finance offers a hassle-free business loan solution. Here are the benefits:
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 Latur
Interest rates for Shriram Finance business loans start from 10%* p.a. For detailed information on interest rates and applicable fees/charges, refer to the details below.
| 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
₹ 1,00,000
Interest Payable
₹ 39,450
Monthly EMI
₹ 1,660
Eligibility and Documentation Criteria for Business Loans in Latur
Eligibility and Documentation Criteria for Business Loans in Latur
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 Latur
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 Latur
For businesses in Latur, Shriram Finance offers unsecured business loans that eliminate the need for collateral. Starting at Rs1 lakh*, these loans support growth without requiring property or other assets as security. The easy online application process ensures that qualified businesses can conveniently access funds. To qualify, enterprises must demonstrate a minimum of 3 years of operation and submit the necessary documentation. The loan approval process is expedited compared to traditional secured loans, featuring competitive interest rates and adaptable repayment schedules. Business owners should be aware that loan availability depends on specific location criteria and eligibility requirements.
Our Business Loan Branches in Latur
Shriram Finance provides business loan services through its branch network in Latur, making it convenient for customers to apply and manage their loans. Key locations include:
Locate Us
Business Loan Customer Care in Latur
For business loan queries in Latur, you can connect with Shriram Finance's customer support team through phone assistance or visit a branch for detailed guidance.
Business Loan Status in Latur
Track your loan application through the Shriram Finance website by submitting your reference number. Their customer service team maintains constant availability for providing processing status updates. Shriram Finance delivers a comprehensive borrowing experience tailored to local business requirements in Latur.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Latur?
Qualifying business structures include Partnership firms, Proprietorship firms, Private Limited companies, Public Limited companies, and LLPs. The age requirement specifies 21 years to 65 years (not extending beyond 65 years at loan maturity). Eligible applicants include self-employed individuals, business owners, and proprietors with at least 3 years of business operations.
What is the interest rate on a business loan in Latur?
Shriram Finance provides business loans with rates starting at 10%* p.a. Full details regarding interest rates and associated charges are available in the interest rate and charges section above.
How much loan can I get for my business in Latur?
The minimum business loan amount offered by Shriram Finance begins at Rs1 lakh*. The final amount is customised based on your business needs and eligibility assessment.
Can I apply for a business loan in Latur?
Business loan applications in Latur can be submitted through Shriram Finance's online channels or at their branch locations.
What is the maximum loan tenure for a business loan in Latur?
For unsecured business loans, the tenure ranges from 12 to 48 months, while secured business loans extend from 12 – 84 months.
What is the processing time for a business loan in Latur?
Loan processing requires approximately 2- 3 business days, subject to information credibility, eligibility verification, and complete document submission.
What is the eligibility for a startup business loan in Latur?
Startup business loans through Shriram Finance follow their standard business loan eligibility criteria.
What is the minimum interest rate for a business loan in Latur?
The 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.