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Business Loan in Mehsana
Mehsana's business ecosystem, spanning oil and gas industries to dairy cooperatives, continues to expand steadily. Shriram Finance catalyses local business development through strategic loan solutions designed for diverse commercial needs. In this growing market, reliable financial backing becomes instrumental for business sustainability and expansion plans. Shriram Finance extends business loans beginning from Rs1 lakh*, with attractive interest rates starting at 10%* p.a. The loan packages are tailored to meet varying business requirements, from equipment purchase to operational scaling. With straightforward documentation and efficient processing, Shriram Finance provides both secured and unsecured business loans. Business owners can benefit from flexible repayment options up to 84 months, facilitating easier financial management.
Business Loan Types in Mehsana
Shriram Finance delivers an extensive selection of secured and unsecured business financing solutions adapted to varied commercial needs. The complete offering includes:
Features and Benefits of Business Loans in Mehsana
For entrepreneurs looking to enhance and grow their business ventures in Mehsana, Shriram Finance emerges as an excellent partner for securing a streamlined 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 Mehsana
Access business loans at competitive rates beginning from 10%* p.a. with Shriram Finance. Review the section below for detailed rate information and applicable charges.
| 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 Mehsana
Eligibility and Documentation Criteria for Business Loans in Mehsana
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 Mehsana
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 Mehsana
Shriram Finance provides no-collateral business loans in Mehsana for developing enterprises, offering funding from Rs 1 lakh* upward. These unsecured financial solutions help businesses grow without asset-based security requirements. Qualified applicants can access funds through an efficient online platform. A minimum business operation period of 3 years, along with proper documentation, is essential for qualification. These loans feature accelerated processing, attractive interest rates, and adjustable repayment plans compared to secured lending options. Local market conditions influence loan availability and eligibility criteria.
Our Business Loan Branches in Mehsana
Enjoy convenient business loan services through Shriram Finance's extensive branch presence in Mehsana, ensuring easy access to loan solutions.
Locate Us
Business Loan Customer Care in Mehsana
For specialised business loan assistance in Mehsana, reach out to Shriram Finance's dedicated support team through phone consultation or branch visits.
Business Loan Status in Mehsana
Track your loan application status effortlessly on Shriram Finance's website with your reference number. The dedicated support team stays available to provide instant updates on application processing. Shriram Finance offers a comprehensive lending solution designed for Mehsana's dynamic business environment.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Mehsana?
Qualifying business entities encompass Partnership firms, Proprietorship firms, Private Limited companies, Public Limited companies, and Limited Liability Partnerships. Applicants should be between 21 years to 65 years of age when applying (not exceeding 65 years at loan maturity). Business owners, self-employed professionals, and proprietors must have operated for at least 3 years.
What interest rates are offered for business loans in Mehsana?
Shriram Finance extends business loans with interest rates beginning at 10%* p.a. Full details regarding interest rates and associated fees are available in the interest rate and charges section above.
What loan amount can businesses access in Mehsana?
The minimum loan amount available through Shriram Finance starts at Rs1 lakh*. The maximum amount will be determined based on your business requirements and eligibility assessment.
How do I apply for a business loan in Mehsana?
Applications for business loans in Mehsana can be submitted through Shriram Finance's digital platform or at their local branch office.
What is the maximum repayment period for business loans in Mehsana?
Unsecured business loans offer repayment terms from 12 to 48 months, while secured business loans extend from 12 – 84 months.
What is the typical processing time for business loans in Mehsana?
Processing usually takes 2- 3 business days, dependent on accurate information, eligibility verification, and complete documentation.
What eligibility criteria apply to startup business loans in Mehsana?
Startup ventures need to fulfil Shriram Finance's standard business loan eligibility requirements.
What is the base interest rate for business loans in Mehsana?
The starting interest rate is set 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.