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Business Loan in Nawada
Nawada's expanding business landscape provides many opportunities for local entrepreneurs. From retail stores to manufacturing units, businesses here often require financial support to manage daily operations or invest in growth. Business loans in Nawada from Shriram Finance help meet these financial needs without hassle. Our loans start from Rs.1 lakh* with interest rates from 10%* p.a., making them accessible for businesses at different stages. We offer both secured and unsecured loan options, allowing you to select the one that fits your requirements. The application process is straightforward and requires minimal paperwork. Approvals are processed quickly which ensures you get timely access to funds. Flexible repayment options make it easier for you to manage loan repayments based on your business's income cycle. With the right financial partner, you can overcome funding challenges and grow your business in Nawada's competitive market.
Business Loan Types in Nawada
Discover the different types of business loans available to fuel your growth:
Features and Benefits of Business Loans in Nawada
Learn about the features and benefits that make Shriram Finance a trusted partner for business loans.
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 Nawada
The table below shows interest rates and fees related to Shriram Finance's business loans in Nawada. Reviewing these charges will help you plan your business funding better.
| 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 Nawada
Eligibility and Documentation Criteria for Business Loans in Nawada
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 Nawada
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 Nawada
Shriram Finance offers unsecured business loans, ideal for young or growing businesses, without the need for collateral. Avail funding starting from Rs.1 lakh* without pledging assets. These loans come with competitive interest rates and flexible repayment plans. The business loan application process is simple and online, ensuring faster approvals with favourable terms. To qualify, your business should have been active for 3 years and submit all necessary documents.
Our Business Loan Branches in Nawada
At our Nawada branch, we have been supporting businesses with essential financial solutions. Whether you need funds for daily operations or growth, we're here to help.
Locate Us
Business Loan Customer Care in Nawada
Shriram Finance can assist you with business loan inquiries in Nawada. Contact our customer support by phone or visit the branch for personalised guidance.
Business Loan Status in Nawada
Tracking your business loan status in Nawada is easy. Input your reference number on our website for real-time updates on your application.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Nawada?
Sole proprietors, LLPs, partnership firms, and private or public limited companies in Nawada can apply. Applicants must be aged 21 years to 65 years with 3 years of business experience.
What is the interest rate on a business loan in Nawada?
Shriram Finance offers business loans in Nawada at competitive interest rates starting from 10%* p.a.
How much loan can I get for my business in Nawada?
Loans begin at Rs.1 lakh*, with the maximum amount based on eligibility and business needs.
Can I apply for a business loan in Nawada?
Yes, applications are accepted online or at the Nawada branch.
What is the maximum loan tenure for a business loan in Nawada?
Secured loans are available with 12 – 84 months of tenure, while unsecured loans come with 12 to 48 months.
What is the processing time for a business loan in Nawada?
Loan processing typically takes 2- 3 business days, depending on eligibility and documents.
What is the eligibility for a startup business loan in Nawada?
Startup loan eligibility in Nawada follows the same rules as standard business loans.
What is the minimum interest rate for a business loan in Nawada?
At Shriram Finance, the interest rates for business loans start 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.