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Business Loan in Mohali
Shriram Finance help Mohali businesses with tailored loan solutions. Securing capital is important 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 that are used for business expansion, working capital, purchasing equipment, or managing expenses. Business loans in Mohali feature minimal paperwork, quick approval and flexible repayment. We offer customised loan solutions which includes secured and unsecured business loans. With flexible tenures of up to 84 months Shriram Finance understands the Mohali business environment. By streamlining the application process, Shriram Finance allows businesses to get capital quickly. Shriram Finance is a trusted partner for Mohali's growth, with business loans starting from Rs1 lakh*.
Business Loan Types in Mohali
Shriram Finance provides both secured and unsecured business loans in Mohali. These include:
Features and Benefits of Business Loans in Mohali
If you are in need of 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 Mohali
For further details on interest rates and applicable fees/charges on business loan offered by Shriram Finance, please refer 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 Mohali
Eligibility and Documentation Criteria for Business Loans in Mohali
Who can apply?- Pvt ltd companies
- Partnership firms
- Proprietorship firms
- 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 Mohali
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 Mohali
Shriram Finance offers unsecured business loans from Rs1 lakh* with no collateral required. Benefit from flexible tenures, attractive rates, and a hassle-free online application. Loans are subject to eligibility criteria, including a minimum of 3 years in business, and may vary by location
Our Business Loan Branches in Mohali
The branches of Shriram Finance in Mohali, making it easy for customers to apply for loans. Key locations include:
Locate Us
Business Loan Customer Care in Mohali
Shriram Finance offers dedicated customer care services. Reach out to us today.
Business Loan Status in Mohali
To check the status of your personal loan application, visit our website and enter your application reference number. You can also contact customer care for real-time updates. Choose Shriram Finance, for a smooth borrowing experience.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Mohali?
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 Mohali?
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 Mohali?
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 Mohali?
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 Mohali?
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 Mohali?
The loan approval time is fast. 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 Mohali?
For a startup business loan in Mohali 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 Mohali?
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.