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Business Loan in Lawngtlai
Lawngtlai's entrepreneurial spirit is soaring, and Shriram Finance is there to fuel the ascent with unique lending solutions. Recognising that access to capital is crucial for expansion, upgrades and efficient operations, Shriram Finance offers competitive business loans in Lawngtlai (starting from 10%* p.a.). Whether you're looking to expand, manage working capital, invest in equipment, or cover essential expenses, Shriram Finance can assist. Their loan process is designed for simplicity and speed, boasting minimal paperwork, swift approvals, and flexible repayment options. Shriram Finance provides a range of customised solutions, including secured and unsecured business loans in Lawngtlai. Shriram Finance offers flexible loan terms of up to 84 months. By streamlining the application process, they ensure businesses can quickly access the funds they need, making them a reliable partner for growth in Lawngtlai, with business loans starting from Rs1 lakh*.
Business Loan Types in Lawngtlai
Shriram Finance provides both secured and unsecured business loans in Lawngtlai. These include:
Features and Benefits of Business Loans in Lawngtlai
If you need business loan in Lawngtlai to grow your business, reach out to Shriram Finance today. 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 Lawngtlai
Interest rates for Shriram Finance business loans start from 10%* p.a. For more information:
| 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 Lawngtlai
Eligibility and Documentation Criteria for Business Loans in Lawngtlai
Who can apply?- Pvt ltd companies
- Public Ltd companies
- Partnership firms
- Proprietorship firms
- 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 Lawngtlai
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 Lawngtlai
Shriram Finance provides an ideal solution for young businesses with our unsecured business loan that requires no collateral. An unsecured business loan does not require you to pledge any of your assets. With Shriram Finance, you can get an unsecured business loan starting from Rs1 lakh*. Shriram Finance offers unsecured business loans with flexible repayment tenures and affordable interest rates. Applying for an unsecured business loan with Shriram Finance is an easy online process. These loans are beneficial because no collateral is required, approval process is quicker and easier, and they come with better credit terms. To be eligible for an unsecured business loan from Shriram Finance, your business should have been operational for at least 3 years, and you must provide all the required documentation. An unsecured business loan is offered to business owners basis the fulfilment of eligibility criteria.
Our Business Loan Branches in Lawngtlai
Branches of Shriram Finance in Lawngtlai are happy to assist customers with any financial concerns. Locations include:
Locate Us
Business Loan Customer Care in Lawngtlai
For assistance regarding a business loan in Lawngtlai reach out to Shriram Finance today! We offer dedicated customer care services.
Business Loan Status in Lawngtlai
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 Lawngtlai?
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 Lawngtlai?
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 Lawngtlai?
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 Lawngtlai?
Yes, you can apply for a business loan in Lawngtlai. 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 Lawngtlai?
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 Lawngtlai?
The loan approval time is fast. 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 Lawngtlai?
For a startup business loan in Lawngtlai 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 Lawngtlai?
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.