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Business Loan in Muktsar
Muktsar, known for its agricultural significance and growing trade sector, offers many business opportunities. Whether you run a small enterprise or a large establishment, timely financial support can be crucial for growth. A Business Loan in Muktsar from Shriram Finance can help you expand, manage cash flow, or invest in new equipment. We offer competitive interest rates starting from 10%* p.a., flexible repayment options, and a hassle-free application process. With quick loan approvals, you can access funds without delays, ensuring your business continues to thrive. No matter your industry, our tailored loan solutions can help you achieve your goals. Take the next step in growing your business with a Business Loan in Muktsar. Keep reading to explore your options!
Business Loan Types in Muktsar
Shriram Finance offers business loans in Muktsar to support different financial needs.
Features and Benefits of Business Loans in Muktsar
If you're planning to grow your business in Muktsar, Shriram Finance provides customised business loans with various advantages:
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 Muktsar
Check the table below for a detailed breakdown of interest rates, fees, and charges applicable to Shriram Finance.
| 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 Muktsar
Eligibility and Documentation Criteria for Business Loans in Muktsar
Who can apply?- Partnership firms
- Public Ltd companies
- Proprietorship firms
- Pvt 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:- Business PAN
- Bank statement (6 months)
- Business registration proof
- Applicant PAN
- Upload your selfie photograph
Step-by-Step Application Process for Business Loans in Muktsar
Applying for Shriram Business Loan in Muktsar 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 Muktsar
Shriram Finance offers unsecured loans from Rs1 lakh*, ideal for growing businesses without collateral. These loans feature flexible repayment and quick online approval. Businesses operational for 3 years, meeting documentation needs, can apply. Types of unsecured business loan options may include term loans or credit lines. Availability varies by location.
Our Business Loan Branches in Muktsar
Shriram Finance branches in Muktsar are well-placed, offering customers seamless access to loan-related services. Key locations include:
Locate Us
Business Loan Customer Care in Muktsar
Shriram Finance ensures seamless customer support. Feel free to connect via phone or drop by a branch for expert guidance.
Business Loan Status in Muktsar
Tracking your personal loan status is straightforward. Visit the Shriram Finance website, enter your reference number, and get real-time updates. At Muktsar, we are committed to making your borrowing experience simple, transparent, and efficient.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Muktsar?
Businesses in Muktsar, including partnership firms, proprietorship firms, private limited companies, public limited companies, and LLPs, are eligible to apply. The applicant must be between 21 years to 65 years old, ensuring the loan is fully repaid before reaching65 years. Self-employed individuals and business owners with at least 3 years of experience can also apply.
What is the interest rate on a business loan in Muktsar?
Shriram Finance offers business loans with interest rates starting from 10%* p.a. For more details, refer to the interest rate and charges section above.
How much loan can I get for my business in Muktsar?
The minimum loan amount provided by Shriram Finance is Rs1 lakh*. The maximum loan amount depends on the applicant's financial profile and business needs.
Can I apply for a business loan in Muktsar?
Yes, applying for a business loan in Muktsar is simple. You can apply online or visit a Shriram Finance branch for assistance.
What is the maximum loan tenure for a business loan in Muktsar?
Unsecured business loans can be availed for a tenure of 12 to 48 months, while secured loans offer a repayment period of 12 â 84 months.
What is the processing time for a business loan in Muktsar?
Loan processing time varies based on the accuracy of the provided information, meeting the eligibility criteria, and submission of necessary documents.
What is the eligibility for a startup business loan in Muktsar?
The eligibility criteria for a startup business loan in Muktsar are generally the same as those for a regular business loan with Shriram Finance.
What is the minimum interest rate for a business loan in Muktsar?
The minimum interest rate starts 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.