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Narkanda, a well-known hub for apple farming and tourism, offers numerous opportunities for business expansion. Whether you need funds for scaling operations, purchasing equipment, or managing seasonal expenses, a Business Loan in Narkanda from Shriram Finance can provide the financial support you need. 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 Narkanda. Read more to explore your options!
Shriram Finance offers business loans in Narkanda to support different financial needs.
If you're planning to grow your business in Narkanda, Shriram Finance provides customised business loans with various advantages:
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%* |
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 Narkanda
Applying for Shriram Business Loan in Narkanda is a 5-step process:
Shriram Finance offers unsecured loans from Rs.1 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.
Shriram Finance branches in Narkanda are well-placed, offering customers seamless access to loan-related services. Key locations include:
Shriram Finance ensures seamless customer support. Feel free to connect via phone or drop by a branch for expert guidance.
Tracking your personal loan status is straightforward. Visit the Shriram Finance website, enter your reference number, and get real-time updates.At Narkanda, we are committed to making your borrowing experience simple, transparent, and efficient.
Who is eligible for a business loan in Narkanda?
Businesses in Narkanda, 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 reaching 65 years
What is the interest rate on a business loan in Narkanda?
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 Narkanda?
The minimum loan amount provided by Shriram Finance is Rs.1 lakh*. The maximum loan amount depends on the applicant's financial profile and business needs.
Can I apply for a business loan in Narkanda?
Yes, applying for a business loan in Narkanda 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 Narkanda?
Unsecured business loans can be availed for a tenure of 12 to 48 months, while secured loans offer a repayment period of 12 – 84 months.
What is the processing time for a business loan in Narkanda?
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 start-up business loan in Narkanda?
The eligibility criteria for a start-up business loan in Narkanda 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 Narkanda?
The minimum interest rate starts at 10%* p.a.
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.