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Business Loan in Malegaon
Malegaon's business scene is creating a wealth of opportunities for local entrepreneurs. Shriram Finance understands the financial challenges faced by these businesses and offers dedicated business loans to support their growth. Starting from Rs1 lakh* with interest rates as low as 10%* p.a., accessing funding is both straightforward and affordable. The application process is streamlined for efficiency, ensuring that you can secure funds quickly. Whether you need financing for expansion, new equipment, or working capital, Shriram Finance provides flexible repayment options of up to 84 months. With both secured and unsecured loan options available and minimal collateral requirements, entrepreneurs can confidently pursue their ambitions.
Business Loan Types in Malegaon
Shriram Finance extends a comprehensive array of secured and unsecured business loans addressing diverse business requirements in Malegaon. Their extensive portfolio includes:
Features and Benefits of Business Loans in Malegaon
If you're seeking financial aid to expand and grow your business, Shriram Finance is an ideal choice for availing a hassle-free 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 Malegaon
Interest rates for Shriram Finance business loans start from 10%* p.a. For detailed information on interest rates and applicable fees/charges, refer to the details 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 Malegaon
Eligibility and Documentation Criteria for Business Loans in Malegaon
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 Malegaon
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 Malegaon
Emerging enterprises in Malegaon can benefit from Shriram Finance's unsecured business loans, which do not require collateral. Starting from Rs1 lakh*, these loans facilitate growth without the need for property or other assets as security. The user-friendly online application process allows qualified businesses to access funds with ease. To be eligible, businesses must show a minimum of 3 years of operational history and provide the necessary documentation. The approval process is quicker than traditional secured loans, offering competitive interest rates and flexible repayment options. Business owners should keep in mind that loan availability is subject to specific local criteria and eligibility requirements.
Our Business Loan Branches in Malegaon
Shriram Finance provides business loan services through its branch network in Malegaon, making it convenient for customers to apply and manage their loans. Key locations include:
Locate Us
Business Loan Customer Care in Malegaon
For business loan queries in Malegaon, you can connect with Shriram Finance's customer support team through phone assistance or visit a branch for detailed guidance.
Business Loan Status in Malegaon
Applicants have access to their loan status through the Shriram Finance website by entering their reference number. The support team is consistently available to provide current processing information. Shriram Finance implements an organized lending system adapted to business needs in Malegaon.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Malegaon?
The eligibility criteria extend to Partnership firms, Proprietorship firms, Private Limited companies, Public Limited companies, and Limited Liability Partnerships. Applicants' age should range from 21 years to 65 years (not exceeding 65 years at loan completion). Self-employed professionals, business owners, and proprietors with a minimum 3 years business track record can qualify.
What is the interest rate on a business loan in Malegaon?
Shriram Finance extends business loans with rates beginning at 10%* p.a. For complete details about interest rates and applicable charges, refer to the interest rate and charges section above.
How much loan can I get for my business in Malegaon?
Business financing through Shriram Finance starts at Rs1 lakh*. The upper limit is determined after evaluating your business requirements and eligibility factors.
Can I apply for a business loan in Malegaon?
Shriram Finance processes business loan applications in Malegaon via their online platform or through local branch offices.
What is the maximum loan tenure for a business loan in Malegaon?
Unsecured business loans offer tenure options from 12 to 48 months, while secured business loans provide extended periods from 12 – 84 months.
What is the processing time for a business loan in Malegaon?
The standard processing time is 2- 3 business days, contingent on information verification, eligibility confirmation, and complete documentation.
What is the eligibility for a startup business loan in Malegaon?
Startup ventures must meet Shriram Finance's standard business loan eligibility requirements.
What is the minimum interest rate for a business loan in Malegaon?
Interest rates initiate at 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.