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Business Loan in Nellore
In Nellore, where entrepreneurial dreams fuel India's financial prowess, access to capital is king. Shriram Finance empowers local businesses with tailored loan solutions, crucial for expansion and upgrades. Benefit from competitive rates (starting at 10%* p.a.), minimal paperwork, and rapid approvals. With flexible repayment options up to 84 months, Shriram Finance offers secured and unsecured loans from Rs.1 lakh*, streamlining the process for your business's growth.
Business Loan Types in Nellore
With Shriram Finance you can obtain both secured and unsecured loans. These include:
Features and Benefits of Business Loans in Nellore
Shriram Finance is a great choice for availing a hassle-free business loan. Benefits are:
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 Nellore
Interest rates for Shriram Finance business loans start from 10%* p.a. For more details:
| 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 Nellore
Eligibility and Documentation Criteria for Business Loans in Nellore
Who can apply?- Partnership firms
- Pvt ltd companies
- Public Ltd companies
- LLPs
- 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:- Bank statement (6 months)
- Business registration proof
- Business PAN
- Applicant PAN
- Selfie Photograph
Step-by-Step Application Process for Business Loans in Nellore
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 Nellore
Get an unsecured business loan starting from Rs.1 lakh* with Shriram Finance. We offer unsecured business loans with flexible repayment tenures and affordable interest rates. These loans are beneficial because no collateral is required, approval process is quicker and easier, and they come with better credit terms. Applying for an unsecured business loan with us is an easy online process. What are you waiting for? Apply now!
Our Business Loan Branches in Nellore
Visit any Shriram Finance branch in Nellore which offers business loans.
Locate Us
Business Loan Customer Care in Nellore
For any inquiries or assistance regarding a business loan in Nellore, reach out to Shriram Finance today.
Business Loan Status in Nellore
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 Nellore?
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 Nellore?
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 Nellore?
Shriram Finance provides business loans starting from Rs.1 lakh*.
Can I apply for a business loan in Nellore?
Yes, you can apply for a business loan in Nellore. 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 Nellore?
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 Nellore?
The loan approval time is fast. 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 Nellore?
For a startup business loan in Nellore 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 Nellore?
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.