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Business Loan in Malda
Malda, known for its flourishing trade in mangoes, silk, and jute, has a diverse business landscape that continues to expand. Whether you run a small business or a large enterprise, access to the right financial support is essential for growth and stability. Business loans in Malda from Shriram Finance offer customised solutions, starting atRs1 lakh* with competitive interest rates from 10%* p.a.. Our loans cater to various needs, including working capital, business expansion, inventory purchase, and equipment upgrades. With secured and unsecured options, minimal paperwork, and quick approvals, we ensure that funding is easily accessible. Whether you are a trader, manufacturer, or service provider, our flexible repayment tenures of up to 84 months help you manage your finances with ease. Apply online or visit a Shriram Finance branch to explore the best financing options and take your business to the next level.
Business Loan Types in Malda
In Malda, Shriram Finance provides diverse business loan options to empower entrepreneurs and business owners in reaching their financial objectives.
Features and Benefits of Business Loans in Malda
Maximise your business potential in Malda with the valuable features and benefits of our business loans.
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 Malda
Shriram Finance provides business loans with competitive interest rates, beginning at just 10%* p.a. Details on interest rates, fees, and other charges are available 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 Malda
Eligibility and Documentation Criteria for Business Loans in Malda
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 Malda
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 Malda
Shriram Finance is aware of the need for easily accessible financial support. Therefore, we offer unsecured business loans starting from Rs1 lakh* to support businesses in Malda without requiring any collateral. Our unsecured loans have flexible repayment options and a straightforward online application process. To be eligible, you should have a minimum of 3 years in business. As no assets are required as security, approvals are typically quick.
Our Business Loan Branches in Malda
Our expert advisors at our Malda branch are available to discuss the different business loan options that we offer. Whether you're looking to expand your operations or need help with your day-to-day finances, we can work with you to find a solution that fits your needs.
Locate Us
Business Loan Customer Care in Malda
Shriram Finance is here to assist with your business loan needs in Malda. Contact our dedicated customer support team by phone or visit one of our branches.
Business Loan Status in Malda
It is simple to keep track of your business loan application in Malda. Simply enter your reference number on our website and you'll be able to view all the latest updates. If you'd prefer to speak to someone, our customer care team are always happy to help!
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Malda?
In Malda, a variety of businesses can apply for a business loan, including partnership firms, sole traders, private and public limited companies, and LLPs. We typically look for applicants to be aged between 21 years to 65 years, and to have at least 3 years of experience running their business.
What is the interest rate on a business loan in Malda?
Shriram Finance is committed to offering competitive interest rates, starting at 10%* p.a. Refer to the details above for information about potential charges.
How much loan can I get for my business in Malda?
Loans start from Rs1 lakh*, and the maximum amount will depend on your specific business needs and your eligibility.
Can I apply for a business loan in Malda?
Yes, you can either apply online or visit a Shriram Finance branch in Malda.
What is the maximum loan tenure for a business loan in Malda?
The repayment period for unsecured loans ranges from 12 to 48 months. Secured loans offer more flexibility, from 12 – 84 months.
What is the processing time for a business loan in Malda?
We aim to process loan applications as quickly as possible, typically within 2- 3 business days, assuming all eligibility criteria are fulfilled, and the necessary documentation is provided.
What is the eligibility for a startup business loan in Malda?
The eligibility requirements for our startup business loans are generally similar to those for our standard business loans.
What is the minimum interest rate for a business loan in Malda?
Shriram Finance's business loans start with competitive interest rates 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.