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Business Loan in Motihari
Motihari with its growing industrial sector is witnessing a surge in entrepreneurial activity. For business owners and aspiring entrepreneurs, obtaining the right financial support is crucial for sustaining operations and exploring growth opportunities. Business loans in Motihari from Shriram Finance provide a reliable solution to meet these financial needs. With interest rates starting from 10%* p.a., our loans are designed to assist businesses at various stages. We recognise the importance of quick access to funds. This is why our application process is streamlined for swift approvals and minimal documentation. Flexible repayment plans are available for all your business needs. With secured and unsecured loan options, Shriram Finance helps you find the right fit for your business. Secure the financial support necessary to enhance your business and contribute to the growth of Motihari's economy.
Business Loan Types in Motihari
From expansion to working capital, businesses can explore our different business loan types in Motihari below:
Features and Benefits of Business Loans in Motihari
Looking for a business loan? See the features and benefits that Shriram Finance provides to its customers.
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 Motihari
The following table presents the interest rates and related fees for Shriram Finance's business loans in Motihari. Understanding these costs will help you make sound financial decisions.
| 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 Motihari
Eligibility and Documentation Criteria for Business Loans in Motihari
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 Motihari
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 Motihari
If your business is in its early stages or growing, Shriram Finance's unsecured business loans offer a practical solution. No collateral is needed, and you can get funding from Rs1 lakh*. With competitive interest rates and flexible repayment options, these loans support business growth. The online application process is hassle-free, ensuring quick approvals with favourable credit terms. Eligibility requires the business to have been operational for at least 3 years, with all required documentation in place.
Our Business Loan Branches in Motihari
Shriram Finance has been assisting businesses in Motihari with financial support tailored to their needs. From operational expenses to growth plans, we're here to help.
Locate Us
Business Loan Customer Care in Motihari
For all business loan assistance in Motihari, Shriram Finance is ready to guide you. Call our team or visit the branch for detailed advice.
Business Loan Status in Motihari
Checking your loan application status in Motihari is hassle-free. Provide your reference number on our website for real-time progress updates.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Motihari?
Businesses in Motihari, including sole proprietors, LLPs, partnership firms, and private or public limited companies, can apply. Applicants must be 21 years to 65 years old with at least 3 years of business experience.
What is the interest rate on a business loan in Motihari?
Business loans in Motihari start at competitive interest rates from 10%* p.a.
How much loan can I get for my business in Motihari?
You can get loans starting from Rs1 lakh*. The maximum amount depends on your business needs and eligibility.
Can I apply for a business loan in Motihari?
Yes, applications can be made online or at our Motihari branch.
What is the maximum loan tenure for a business loan in Motihari?
Loan tenures for secured loans range from 12 – 84 months, while unsecured loans are available for 12 to 48 months.
What is the processing time for a business loan in Motihari?
Processing typically takes 2- 3 business days, based on documentation and eligibility.
What is the eligibility for a startup business loan in Motihari?
Startup loan eligibility in Motihari is the same as regular business loans.
What is the minimum interest rate for a business loan in Motihari?
Interest rates start 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.