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Business Loan
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Shriram Business Loans
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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:

Working Capital Loan
Working Capital Loan
Manage daily expenses efficiently. Cover costs for inventory, staff, supplies, and taxes.
Business Loan for Women
Business Loan for Women
Empowering women entrepreneurs with financial aid. Get your business growing with Shriram Finance.
Trade Finance
Trade Finance
Supports your import and export business smoothly. Facilitates transactions with letters of credit and insurance.
MSME Loan
MSME Loan
Grow your small or medium-sized enterprise. Invest in equipment and expand your business smoothly.
GST Business Loan
GST Business Loan
Simplifies GST payments based on your returns. Manage your taxes more effectively.
Supply Chain Finance
Supply Chain Finance
Improves operations with flexible payment options. Allows both buyers and suppliers to have a better cash flow.
Shop Loan
Shop Loan
Aids retail shops, boutiques, and stores. Finances operations and enables growth.
Loan Without Financials
Loan Without Financials
Designed for businesses facing documentation hurdles.

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

Online EMI Calculator

Accurately calculate your monthly payments with our easy-to-use online EMI Calculator.
Loans starting from Rs. 1 lakh*

Loans starting from Rs. 1 lakh*

Manage your business expenses with loans starting from Rs. 1 lakh*.
Secured & Unsecured Loans

Secured & Unsecured Loans

Shriram Finance offers both secured and unsecured business loan options, depending on your business location. Get an unsecured business loan at an interest rate of 12%*p.a. and secured business loan at 10%* p.a.
Quick Loan & Approvals

Quick Loan & Approvals

Expect a fast loan approval process to ensure your business needs are met on time. The approval time is about 2- 3 business days, based on the reliability of the information provided, meeting the requirements, and submission of the necessary documents.
Flexible Loan Tenure

Flexible Loan Tenure

Choose from a range of flexible tenure options. Secured Loans start from 12 – 84 months, and unsecured business loans range from 12 to 48 months.
Hassle-free Online Process

Hassle-free Online Process

Apply for your loan and get it approved online in a few simple steps.

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 RateCustomised interest rates starting from 10%* p.a.
Processing FeesUp to 5%*
Late Payment Fees36%* p.a on the Overdue Amount
Foreclosure ChargesUp 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

Loan tenure
months

Min 12 months

Max 84 months

Loan Summary

loangraph

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

  • Individual IconEligible Applicants:
    • Limited Liability Partnerships (LLPs)
    • Sole Proprietorships
    • Private Limited Companies
    • Public Limited Companies
    • Partnership firms
  • Individual IconEligibility 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.
  • Individual IconRequired 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:

How To Apply

  • Step 1

    Register using your mobile number

  • Step 2

    Enter loan details

  • Step 3

    Enter business details

  • Step 4

    Receive a verification call from us

  • Step 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

or

  • ANDAMAN AND NICOBAR ISLANDS
  • ANDHRA PRADESH
  • ASSAM
  • BIHAR
  • CHANDIGARH
  • CHHATTISGARH
  • DADRA AND NAGAR HAVELI
  • DELHI
  • GOA
  • GUJARAT
  • HARYANA
  • HIMACHAL PRADESH
  • JAMMU AND KASHMIR
  • JHARKHAND
  • KARNATAKA
  • KERALA
  • Karnataka
  • MADHYA PRADESH
  • MAHARASHTRA
  • MANIPUR
  • MEGHALAYA
  • Madhya Pradesh
  • Maharashtra
  • ODISHA
  • PUDUCHERRY
  • PUNJAB
  • RAJASTHAN
  • SIKKIM
  • TAMIL NADU
  • TELANGANA
  • TRIPURA
  • Tamil Nadu
  • Telangana
  • UTTAR PRADESH
  • UTTARAKHAND
  • WEST BENGAL

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.

Toll Free

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 in Chennai
Business Loan in Mumbai
Business Loan in Pune
Business Loan in Indore

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.