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Business Loan in Lohit
Lohit is an emerging centre for trade and agriculture, with businesses looking for financial support to expand operations and invest in growth. A Business Loan in Lohit from Shriram Finance can provide the necessary funds to help entrepreneurs scale their ventures, upgrade equipment, or manage daily expenses efficiently.Our loan options cater to different business needs, offering secured loans with repayment terms ranging from up to 84 months and unsecured loans with tenures of 12 to 48 months. Loan amounts start from Rs1 lakh*, giving businesses the flexibility to choose what suits them best. Shriram Finance ensures a smooth and efficient loan application process, allowing businesses to access funds without unnecessary delays. If you are looking for financial support to take your business to the next level, explore our tailored loan solutions today.
Business Loan Types in Lohit
Shriram Finance provides a wide range of secured and unsecured business loans to facilitate your business needs. These include:
Features and Benefits of Business Loans in Lohit
If you need financial support to expand and grow your business, Shriram Finance offers a seamless business loan experience. 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 Lohit
Business loan interest rates in Lohit at Shriram Finance begin at 10%* p.a. For complete details regarding interest rates and associated fees, please see the information 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 Lohit
Eligibility and Documentation Criteria for Business Loans in Lohit
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 Lohit
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 Lohit
Shriram Finance offers a convenient solution for young and growing businesses with unsecured business loans that require no collateral. These loans provide financial support without the need to pledge assets, making them ideal for business expansion and operational needs. With Shriram Finance, you can avail an unsecured business loan starting from Rs1 lakh*, featuring flexible repayment tenures and competitive interest rates. The application process is simple and entirely online, ensuring a smooth and hassle-free experience. Key benefits of unsecured business loans include no collateral requirement, quicker approvals, and favourable credit terms. To qualify, your business must be operational for at least 3 years, and you need to submit the necessary documents. Loan approval is subject to meeting eligibility criteria. Please note that the availability of unsecured business loans may vary depending on your business location.
Our Business Loan Branches in Lohit
Our business loans in Lohit are easily accessible, ensuring local entrepreneurs get the financial support they need. Whether you are expanding your business or managing day-to-day operations, our team is here to assist with tailored loan solutions. Visit us to explore financing options designed to support businesses of all sizes.
Locate Us
Business Loan Customer Care in Lohit
For business loan inquiries or assistance in Lohit, Shriram Finance provides dedicated customer care. Contact us by phone or visit any of our Lohit branches for personalised support.
Business Loan Status in Lohit
You can easily check the status of your personal loan application by entering your reference number on our website. Our customer care team is also available to provide updates on your loan's progress. Shriram Finance aims to make borrowing straightforward and aligned with your financial objectives in Lohit.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Lohit?
Partnership firms, proprietorship firms, private limited companies, public limited companies, and LLPs can apply for a business loan. The applicant must be between 21 years to 65 years old, with the loan tenure not exceeding 65 years at maturity. Self-employed individuals, business owners, or proprietors with at least 3 years of business experience are also eligible.
What is the interest rate on a business loan in Lohit?
The interest rate for a Shriram Finance business loan starts from 10%* p.a. For detailed information on interest rates, fees, and charges, please refer to the relevant section above.
How much loan can I get for my business in Lohit?
Shriram Finance offers business loans starting from Rs1 lakh*. The maximum loan amount depends on your business requirements and eligibility.
Can I apply for a business loan in Lohit?
Yes, you can apply for a business loan in Lohit. The process is simple, and you can apply online or visit a branch.
What is the maximum loan tenure for a business loan in Lohit?
For unsecured business loans, the tenure ranges from 12 to 48 months, while secured business loans have tenures between 12 – 84 months.
What is the processing time for a business loan in Lohit?
Loan approvals depend on eligibility, document submission, and the accuracy of the information provided.
What is the eligibility for a startup business loan in Lohit?
The eligibility criteria for a startup business loan in Lohit are generally the same as for a regular business loan.
What is the minimum interest rate for a business loan in Lohit?
In Lohit, the minimum interest rate for a business loan 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.