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Business Loan in Malappuram
Malappuram is a district in Kerala with a strong presence in trade, agriculture, and tourism, offers diverse opportunities for businesses. Securing adequate funding is essential for business expansion, necessary upgrades, and smooth day-to-day operations. Our business loans come with competitive interest rates (starting from 10%* p.a.) and flexible loan amounts to meet a variety of specific business needs, whether it's for expansion, working capital, equipment purchases, or managing operational expenses. The loan packages are structured to support various business objectives, from inventory management to business modernisation. Shriram Finance facilitates a straightforward borrowing experience with minimal documentation and efficient processing for both secured and unsecured business loans. Business owners can choose flexible repayment terms up to 84 months, enabling smooth cash flow management.
Business Loan Types in Malappuram
Shriram Finance extends a comprehensive selection of secured and unsecured business loans customised for various entrepreneurial needs. Their extensive portfolio includes:
Features and Benefits of Business Loans in Malappuram
For entrepreneurs requiring financial backing to scale and develop their business ventures in Malappuram, Shriram Finance stands as an ideal choice for obtaining a straightforward business loan. 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 Malappuram
Support your business expansion with competitive rates starting from 10%* p.a. at Shriram Finance. Explore detailed information on rates and fees 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
âı 1,00,000
Interest Payable
âı 39,450
Monthly EMI
âı 1,660
Eligibility and Documentation Criteria for Business Loans in Malappuram
Eligibility and Documentation Criteria for Business Loans in Malappuram
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 Malappuram
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 Malappuram
Shriram Finance supports developing businesses in Malappuram with unsecured loans starting from Rs 1 lakh*. These no-collateral financial solutions enable growth without property or asset pledges. Qualified enterprises benefit from a user-friendly digital application process. Businesses must show 3 years of active operations and submit required documentation. The loans provide expedited processing, competitive interest rates, and flexible repayment plans. Entrepreneurs should note that eligibility and loan conditions vary according to regional parameters.
Our Business Loan Branches in Malappuram
Experience seamless business loan services through Shriram Finance's wide branch network in Malappuram, offering convenient loan solutions.
Locate Us
Business Loan Customer Care in Malappuram
For expert business loan guidance in Malappuram, reach out to Shriram Finance's professional support team through phone assistance or branch visits.
Business Loan Status in Malappuram
Applicants can monitor their loan status through Shriram Finance's website using their unique reference number. The dedicated customer care team remains accessible for prompt processing updates. Shriram Finance delivers an efficient lending experience customised for Malappuram's traditional and emerging business sectors.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Malappuram?
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 Malappuram?
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 Malappuram?
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 Malappuram?
Yes, you can apply for a business loan in Malappuram. 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 Malappuram?
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 Malappuram?
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 Malappuram?
For a startup business loan in Malappuram 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 Malappuram?
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.