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Longleng is home to a growing number of small and medium businesses, contributing to the region's economic progress. Entrepreneurs here often require financial assistance to scale their ventures, manage working capital, or invest in better infrastructure. A Business Loan in Longleng from Shriram Finance can provide the necessary funds to support business growth. With flexible loan options, competitive interest rates, and a straightforward application process, business owners can secure funds without complications. Whether expanding operations or stabilising cash flow, Shriram Finance is a trusted partner in your financial journey.
Shriram Finance brings a variety of secured and unsecured business loans to Longleng, catering to different financial needs.
For business owners in Longleng looking for financial support, Shriram Finance offers tailored business loans with the following benefits:
Find a detailed breakdown of interest rates, charges, and fees from Shriram Finance in the table 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%* |
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 Longleng
Applying for Shriram Business Loan in Longleng is a 5-step process:
Businesses looking for funding without collateral can explore different types of unsecured business loan options from Shriram Finance, starting at Rs1 lakh*. With flexible repayment plans and quick online approvals, these loans are accessible to businesses operational for at least 3 years with the required documents. Loan availability varies by location.
With multiple branches across Longleng, Shriram Finance provides easy and efficient loan services to customers. Key locations include:
Need assistance? Shriram Finance offers dedicated customer service. Call us or visit a nearby branch for personalised help.
Keeping track of your loan application is quick and convenient. Head to our website, enter your reference number, and check your status in just a few clicks. At Shriram Finance in Longleng, we aim to provide a smooth borrowing experience to support your financial journey.
Who is eligible for a business loan in Longleng?
Partnership firms, proprietorship firms, private limited companies, public limited companies, and LLPs in Longleng can apply for a business loan. Applicants must be between 21 years to 65 years old, ensuring the loan tenure does not exceed this age limit. Additionally, self-employed individuals and business owners with at least 3 years of experience are eligible.
What is the interest rate on a business loan in Longleng?
Shriram Finance offers business loans with interest rates starting from 10%* p.a. For more details, please refer to the interest rate and charges section above.
How much loan can I get for my business in Longleng?
Business loans from Shriram Finance start at Rs1 lakh*. The maximum loan amount depends on your business's financial needs and eligibility.
Can I apply for a business loan in Longleng?
Yes, you can apply for a business loan in Longleng. The application process is simple and can be completed online or by visiting the nearest Shriram Finance branch.
What is the maximum loan tenure for a business loan in Longleng?
Unsecured business loans have a tenure ranging from 12 to 48 months, whereas secured loans can be availed for 12 – 84 months.
What is the processing time for a business loan in Longleng?
Loan processing time depends on the accuracy of the submitted information, meeting eligibility criteria, and providing all necessary documents.
What is the eligibility for a start-up business loan in Longleng?
The eligibility requirements for a start-up business loan in Longleng are generally the same as those for a standard business loan with Shriram Finance.
What is the minimum interest rate for a business loan in Longleng?
The minimum interest rate for business loans starts from 10%* p.a.
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.