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Business Loan in Panipat
Panipat is a booming business hub, especially known for textiles. Getting the right financing is key for expanding, upgrading, or just keeping things running smoothly. Secure essential capital, starting from Rs.1 lakh* with competitive interest rates from 10%* p.a., to fuel expansion, upgrades, and day-to-day operations. Benefit from flexible tenures up to 84 months, both secured and unsecured options, and a quick, easy online application process. Shriram Finance understands the Panipat business landscape, offering a range of types to suit your specific needs, from working capital to specialised loans for women-owned businesses. With streamlined disbursal and eligibility extending to various business structures, Shriram Finance is your trusted partner for growth.
Business Loan Types in Panipat
Shriram Finance offers both secured and unsecured business loans to meet your business needs. These are:
Features and Benefits of Business Loans in Panipat
If you require financial help for your business, Shriram Finance is a good choice to 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 Panipat
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
âı 1,00,000
Interest Payable
âı 39,450
Monthly EMI
âı 1,660
Eligibility and Documentation Criteria for Business Loans in Panipat
Eligibility and Documentation Criteria for Business Loans in Panipat
Who can apply?- Partnership firms
- Proprietorship firms
- Public Ltd companies
- LLPs
- Pvt ltd companies
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 Panipat
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 Panipat
Shriram Finance provides a good solution for young businesses with our unsecured business loan that requires no collateral. An unsecured business loan does not require you to pledge any of your assets. With Shriram Finance, you can get an unsecured business loan starting from Rs.1 lakh*. Shriram Finance offers unsecured business loans with flexible repayment tenures and affordable interest rates. Applying for an unsecured business loan with Shriram Finance is an easy online process. These loans are beneficial because no collateral is required, approval process is quicker and easier, and they come with better credit terms. To be eligible for an unsecured business loan from Shriram Finance, your business should have been operational for at least 3 years, and you must provide all the required documentation. An unsecured business loan is offered to business owners based on the fulfilment of eligibility criteria. The availability of unsecured business loans may vary depending on the business location.
Our Business Loan Branches in Panipat
Shriram Finance branches across Panipat help customers with all their financial requirements. Locations include:
Locate Us
Business Loan Customer Care in Panipat
For questions you may have on a business loan in Panipat, Shriram Finance offers customer care services. Please reach out via phone or visit any branch.
Business Loan Status in Panipat
To check the status of your personal loan application, visit our website and enter your application reference number. You can also contact customer care for real-time updates on your loan processing status. Choose Shriram Finance today!
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Panipat?
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 Panipat?
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 Panipat?
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 Panipat?
Yes, you can apply for a business loan in Panipat. 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 Panipat?
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 Panipat?
The loan approval time is quick. 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 Panipat?
For a startup business loan in Panipat 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 Panipat?
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.