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Business Loan in Moradabad
Moradabad is a city known for its famous brass industry that presents diverse opportunities for businesses in manufacturing, handicrafts, and trade. Shriram Finance aims to support Moradabad's entrepreneurs with tailored business loan solutions. 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. Starting from Rs1 lakh* with competitive interest rates beginning at 10%* p.a., these loans are structured for easy access. The application process is streamlined, allowing for quick approvals to help you capitalise on immediate opportunities. Whether your needs involve expansion, acquiring new equipment, or managing working capital, Shriram Finance offers flexible repayment options of up to 84 months. With minimal collateral requirements and both secured and unsecured options, entrepreneurs can pursue their financial goals with confidence.
Business Loan Types in Moradabad
Shriram Finance extends a diverse range of secured and unsecured business loans addressing varied commercial requirements in Moradabad. Their comprehensive offering includes:
Features and Benefits of Business Loans in Moradabad
For those seeking financial aid to expand their business, Shriram Finance presents an ideal solution for hassle-free business loans. Here are the key benefits:
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 Moradabad
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
âı 1,00,000
Interest Payable
âı 39,450
Monthly EMI
âı 1,660
Eligibility and Documentation Criteria for Business Loans in Moradabad
Eligibility and Documentation Criteria for Business Loans in Moradabad
Who can apply?- Pvt ltd companies
- Partnership firms
- Proprietorship firms
- Public Ltd companies
- LLPs
Eligibility Criteria:- Occupation: Self-employed individuals, business owners, or proprietors with a minimum of 3 years of business experience.
- Age: 21 years to 65 years (Age at loan maturity should not exceed 65 years)
Documents Required:- Business PAN
- Applicant PAN
- Bank statement (6 months)
- Business registration proof
- Selfie Photograph
Step-by-Step Application Process for Business Loans in Moradabad
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 Moradabad
In Moradabad, Shriram Finance provides unsecured business loans for emerging enterprises, requiring no collateral. Starting at Rs1 lakh*, these loans support business development without needing property or other assets as security. The easy online application process makes it convenient for qualified businesses to access funds. To be eligible, enterprises must have a minimum of 3 years of operational experience and submit the required documentation. The approval process is quicker than that of conventional secured loans, offering competitive interest rates and flexible repayment options. Business owners should keep in mind that loan availability can vary based on location-specific criteria and eligibility requirements.
Our Business Loan Branches in Moradabad
Shriram Finance provides business loan services through its branch network in Moradabad, making it convenient for customers to apply and manage their loans. Key locations include:
Locate Us
Business Loan Customer Care in Moradabad
For business loan queries in Moradabad, you can connect with Shriram Finance's customer support team through phone assistance or visit a branch for detailed guidance.
Business Loan Status in Moradabad
To check your loan application progress, simply access the Shriram Finance website with your reference number. Shriram Finance's customer service representatives are continuously available to provide processing status updates. Shriram Finance maintains an organised lending structure adapted to local business needs in Moradabad.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Moradabad?
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 Moradabad?
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 Moradabad?
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 Moradabad?
Yes, you can apply for a business loan in Moradabad. 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 Moradabad?
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 Moradabad?
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 Moradabad?
For a startup business loan in Moradabad 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 Moradabad?
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.