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Business Loan in Mysuru
Mysuru is a thriving economic and industrial centre is filled with entrepreneurial opportunities. Shriram Finance offers Business Loans in Mysuru to provide the critical financial support you need to expand, modernise, and manage your business effectively. We offer tailored loan solutions with competitive interest rates, starting from 10%* p.a.*, and flexible repayment options to suit your business requirements. Whether you need funds for working capital, equipment, or expansion, Shriram Finance is here to help.Business owners can access loans starting from Rs.1 lakh*, backed by competitive interest rates from 10%* p.a.. Whether it's managing working capital or funding expansion plans, Shriram Finance customises loan amounts to match specific business needs. Shriram Finance simplifies the borrowing process through minimal documentation requirements and quick processing times, offering both secured and unsecured business loans. Entrepreneurs can benefit from flexible repayment options extending up to 84 months, making financial management more manageable.
Business Loan Types in Mysuru
Shriram Finance provides a diverse selection of secured and unsecured business loans customised for various commercial needs. Their comprehensive offerings include:
Features and Benefits of Business Loans in Mysuru
Are you seeking financial assistance to expand your enterprise in Mysuru? Shriram Finance offers a streamlined business loan solution designed to meet your requirements. Shriram Finance provides numerous advantages to entrepreneurs in Mysuru, including:
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 Mysuru
Beginning at 10%* p.a., Shriram Finance offers competitive business loan interest rates in Mysuru. Scroll down for comprehensive details regarding interest rates and applicable charges/fees.
| 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 Mysuru
Eligibility and Documentation Criteria for Business Loans in Mysuru
Who can apply?- Pvt ltd companies
- Public Ltd companies
- LLPs
- Partnership firms
- Proprietorship firms
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
- Applicant PAN
- Selfie Photograph
- Bank statement (6 months)
- Business registration proof
Step-by-Step Application Process for Business Loans in Mysuru
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 Mysuru
For growing enterprises in Mysuru, Shriram Finance provides unsecured business loans starting at Rs. 1 lakh*. These loans enable business expansion without requiring asset-based security. Qualified businesses benefit from a convenient online application process designed for easy fund access. To be eligible, businesses must demonstrate 3 years of operational history and fulfil documentation requirements. The approval process moves faster than traditional secured lending, offering competitive rates and adaptable repayment structures. Mysuru entrepreneurs should note that loan accessibility is subject to local criteria and specific eligibility factors.
Our Business Loan Branches in Mysuru
Through its extensive branch network in Mysuru, Shriram Finance delivers accessible business loan services, making it straightforward for local business owners to submit applications and oversee their loans. Key locations include:
Locate Us
Business Loan Customer Care in Mysuru
Mysuru business owners with loan inquiries can reach Shriram Finance's dedicated support team via telephone assistance or by visiting a local branch for personalised guidance.
Business Loan Status in Mysuru
You can track your loan application status through the Shriram Finance website by entering your application reference number. The dedicated customer care team stands ready to provide instant updates about your loan processing status. Shriram Finance ensures a simplified borrowing process tailored to meet the specific business needs of Mysuru entrepreneurs.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Mysuru?
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 Mysuru?
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 Mysuru?
Shriram Finance provides business loans starting from Rs.1 lakh. The maximum loan amount depends on your business's needs and eligibility
Can I apply for a business loan in Mysuru?
Yes, you can apply for a business loan in Mysuru. 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 Mysuru?
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 Mysuru?
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 Mysuru?
For a startup business loan in Mysuru 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 Mysuru?
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.