- Gold Price
Gold | 24k (999 Purity)
Silver | 24k (999 Purity)
- Profile IconRegister / Login
Notifications5
Terms and Conditions
Business Loan in Nagpur
Shriram Finance empowers Nagpur businesses with tailored loan solutions. Our business loans have competitive rates (starting from 10%* p.a..), and loan amounts tailored to meet specific business needs; used for business expansion, working capital, purchasing equipment, or managing expenses. With flexible tenures of up to 84 months and attractive interest rates starting from 10%* p.a., Shriram Finance understands the Nagpur business environment. Shriram Finance is a trusted partner for Nagpur’s growth, with business loans starting from Rs.1 lakh*.
Business Loan Types in Nagpur
Shriram Finance provides a variety of secured and unsecured business loans. These include:
Features and Benefits of Business Loans in Nagpur
Shriram Finance is a great choice for availing a business loan. Benefits include:
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 Nagpur
For detailed information on interest rates and applicable fees/charges, refer 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
₹ 1,00,000
Interest Payable
₹ 39,450
Monthly EMI
₹ 1,660
Eligibility and Documentation Criteria for Business Loans in Nagpur
Eligibility and Documentation Criteria for Business Loans in Nagpur
Who can apply?- Partnership firms
- Proprietorship firms
- Public Ltd companies
- 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:- Bank statement (6 months)
- Business registration proof
- Business PAN
- Applicant PAN
- Selfie Photograph
Step-by-Step Application Process for Business Loans in Nagpur
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 Nagpur
Shriram Finance offers unsecured business loans from Rs.1 lakh* to support growing businesses without needing collateral. Benefit from competitive interest rates and flexible repayment terms. The online application is straightforward and quick. These loans offer faster approval and better terms. Eligibility requires at least 3 years of business operation and necessary documentation. Availability may vary by location. They are offered based on fulfilling the eligibility criteria.
Our Business Loan Branches in Nagpur
Visit any branch of Shriram Finance in Nagpur, offering various financial services such as commercial vehicle loans, business loans, and working capital loans
Locate Us
Business Loan Customer Care in Nagpur
For any inquiries or assistance regarding a business loan in Nagpur, reach out to Shriram today!
Business Loan Status in Nagpur
To check the status of your personal loan application, visit our website and enter your application reference number. Choose Shriram Finance today!
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Nagpur?
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 Nagpur?
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 Nagpur?
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 Nagpur?
Yes, you can apply for a business loan in Nagpur. 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 Nagpur?
You can choose a loan tenure from 12 to 48 months for unsecured business loans and 12 – 84 months for secured business loans.
What is the processing time for a business loan in Nagpur?
The loan approval time is quick 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 Nagpur?
For a startup business loan in Nagpur from Shriram Finance, the eligibility criteria is the same as for a regular business loan.
What is the minimum interest rate for a business loan in Nagpur?
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.