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Business Loan in Ludhiana
Ludhiana is a major industrial hub in Punjab, known for its textiles, manufacturing, and bicycle industry. Shriram Finance empowers Ludhiana'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 expenses. At Shriram Finance, we offer a variety of tailored loan solutions, featuring competitive interest rates starting from 10%* p.a., along with flexible repayment options designed to accommodate your individual business requirements. Whether you need funds for managing working capital, acquiring new equipment, or pursuing business expansion initiatives, we are here to assist.
Business Loan Types in Ludhiana
Shriram Finance provides both secured and unsecured business loans in Ludhiana. With our various types of loans, you can be sure to get exactly what you need:
Features and Benefits of Business Loans in Ludhiana
Shriram Finance helps expand your business in Ludhiana. Our business loans offer you key features:
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 Ludhiana
Shriram Finance business loan rates in Ludhiana start from 10%* p.a. Please refer to our website or contact our Ludhiana branch for detailed information on interest rates and any applicable fees.
| 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 Ludhiana
Eligibility and Documentation Criteria for Business Loans in Ludhiana
Eligible Applicants:- Limited Liability Partnerships (LLPs)
- Sole Proprietorships
- Private Limited Companies
- Public Limited Companies
- Partnership firms
Eligibility Requirements:- Age: Applicants should be between 21 years to 65 years old (with loan maturity not exceeding 65 years).
- Professional Profile: Self-employed individuals, business owners, or proprietors must demonstrate a minimum of 3 years of business experience.
Required Documents:- Business PAN card
- Applicant's PAN card
- Six-month bank statement
- Proof of business registration
- Recent photograph
Step-by-Step Application Process for Business Loans in Ludhiana
Applying for a Shriram Business Loan in Ludhiana 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 Ludhiana
Shriram Finance offers a solution for growing businesses in Ludhiana with our unsecured business loans, requiring no collateral. With Shriram Finance, you can get an unsecured business loan starting from Rs. 1 lakh*. Our unsecured business loans come with flexible repayment options and competitive interest rates. Applying is easy with our online process. Benefits include no collateral requirements and a quicker approval process. Eligibility requires your business to have been operating for at least 3 years and submission of necessary documentation.
Our Business Loan Branches in Ludhiana
Shriram Finance has branches across Ludhiana for convenient loan application and management.
Locate Us
Business Loan Customer Care in Ludhiana
For inquiries about business loans in Ludhiana, Shriram Finance offers dedicated customer care services. Contact us by phone or visit a branch.
Business Loan Status in Ludhiana
Check your business loan application status on our website using your reference number or contact customer care for updates.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Ludhiana?
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 Ludhiana?
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 Ludhiana?
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 Ludhiana?
Yes, you can apply for a business loan in Ludhiana. 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 Ludhiana?
You can choose a loan tenure from 12 to 48 months for unsecured business loans and 12 – 84 months for secured business loans.
What is the processing time for a business loan in Ludhiana?
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 Ludhiana?
For a startup business loan in Ludhiana 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 Ludhiana?
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.