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Business Loan in Munger
Munger 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 Munger 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, which is why our application process is streamlined for swift approvals and minimal documentation. Whether you are looking to expand your operations or cover day-to-day expenses, our flexible repayment options allow you to select a plan that suits your requirements. At Shriram Finance, we offer both secured and unsecured loan options. This flexibility enables you to choose the right solution for your specific needs. Secure the financial support necessary to enhance your business and contribute to the growth of Munger's economy.
Business Loan Types in Munger
Here are the different business loan types in Munger that you can explore based on your business needs:
Features and Benefits of Business Loans in Munger
Learn how the features and benefits of business loans by Shriram Finance can support your growth in Munger:
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 Munger
The following table highlights the interest rates and fees tied to business loans provided by Shriram Finance in Munger. It's essential for businesses to understand these costs when exploring funding options.
| 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 Munger
Eligibility and Documentation Criteria for Business Loans in Munger
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 Munger
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 Munger
If you own a young or growing business, Shriram Finance offers unsecured business loans that require no collateral. This allows you to access funding from Rs1 lakh* without pledging any assets. These loans offer competitive interest rates and flexible repayment schedules. The online application is simple and ensures faster approvals with favourable credit terms. To qualify, your business must have been active for at least 3 years and provide all the required documentation.
Our Business Loan Branches in Munger
At our Munger branch, we have been assisting local businesses with their financial needs. Whether you require funds for expansion or support with operational costs, we are here to help you choose the right loan plan.
Locate Us
Business Loan Customer Care in Munger
Shriram Finance is ready to assist you with all your business loan inquiries in Munger. Contact our customer support team by phone or visit the branch for one-on-one guidance.
Business Loan Status in Munger
It's simple to check the status of your business loan application in Munger. Enter your reference number on our website for real-time updates. Our customer care team is available to provide support.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Munger?
Sole proprietors, LLPs, partnership firms, and private and public limited companies in Munger can apply. Applicants should 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 Munger?
Business loans in Munger start at competitive interest rates from 10%* p.a. Additional charges can be found in the section above.
How much loan can I get for my business in Munger?
Loan amounts start from Rs1 lakh* in Munger. The maximum loan amount depends on your business requirements and eligibility.
Can I apply for a business loan in Munger?
Yes, you can apply online or visit the Shriram Finance branch in Munger for assistance.
What is the maximum loan tenure for a business loan in Munger?
Repayment periods range from 12 to 48 months for unsecured loans and 12 â 84 months for secured loans.
What is the processing time for a business loan in Munger?
Loan processing generally takes 2- 3 business days, depending on documentation and eligibility.
What is the eligibility for a startup business loan in Munger?
The eligibility for startup business loans in Munger is the same as that for regular business loans.
What is the minimum interest rate for a business loan in Munger?
Shriram Finance offers competitive interest rates on business loans in Munger, starting 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.