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Business Loan in Patan
Patan, famous for its traditional industries and emerging commercial sectors, shows steady business growth. Shriram Finance catalyses local enterprise development through tailored loan solutions designed for diverse business needs. In this growing market, accessible financing proves essential for business expansion and operational sustainability. Shriram Finance extends business loans starting from Rs.1 lakh*, with attractive interest rates beginning at 10%* p.a. The loan packages are structured to support various business objectives, from inventory management to business modernisation. Shriram Finance facilitates a straightforward borrowing experience with minimal documentation and efficient processing for both secured and unsecured business loans. Business owners can choose flexible repayment terms up to 84 months, enabling smooth cash flow management.
Business Loan Types in Patan
Shriram Finance extends a comprehensive selection of secured and unsecured business loans customised for various entrepreneurial needs. Their extensive portfolio includes:
Features and Benefits of Business Loans in Patan
For entrepreneurs requiring financial backing to scale and develop their business ventures in Patan, Shriram Finance stands as an ideal choice for obtaining a straightforward 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 Patan
Support your business expansion with competitive rates starting from 10%* p.a. at Shriram Finance. Explore detailed information on rates and fees 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
âı 1,00,000
Interest Payable
âı 39,450
Monthly EMI
âı 1,660
Eligibility and Documentation Criteria for Business Loans in Patan
Eligibility and Documentation Criteria for Business Loans in Patan
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 Patan
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 Patan
Shriram Finance supports developing businesses in Patan with unsecured loans starting from Rs. 1 lakh*. These no-collateral financial solutions enable growth without property or asset pledges. Qualified enterprises benefit from a user-friendly digital application process. Businesses must show 3 years of active operations and submit required documentation. The loans provide expedited processing, competitive interest rates, and flexible repayment plans. Entrepreneurs should note that eligibility and loan conditions vary according to regional parameters.
Our Business Loan Branches in Patan
Experience seamless business loan services through Shriram Finance's wide branch network in Patan, offering convenient loan solutions.
Locate Us
Business Loan Customer Care in Patan
For expert business loan guidance in Patan, reach out to Shriram Finance's professional support team through phone assistance or branch visits.
Business Loan Status in Patan
Applicants can monitor their loan status through Shriram Finance's website using their unique reference number. The dedicated customer care team remains accessible for prompt processing updates. Shriram Finance delivers an efficient lending experience customised for Patan's traditional and emerging business sectors.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Patan?
Qualifying business entities include Partnership firms, Proprietorship firms, Private Limited companies, Public Limited companies, and Limited Liability Partnerships. The age requirement stipulates that applicants should be between 21 years to 65 years when applying (not exceeding 65 years at loan maturity). Business owners, self-employed professionals, and proprietors must demonstrate at least 3 years of operational experience.
What are the current interest rates for business loans in Patan?
Shriram Finance provides business loans with interest rates beginning at 10%* p.a. Complete information about rates and associated charges can be found in the interest rate and charges section above.
What loan amount can businesses access in Patan?
The minimum business loan amount available through Shriram Finance starts at Rs.1 lakh*. The maximum amount will be evaluated based on your business requirements and eligibility assessment.
What are the application methods for business loans in Patan?
You can initiate your business loan application in Patan through Shriram Finance's digital platform or by visiting their local branch office.
What is the maximum repayment period for business loans in Patan?
Unsecured business loans offer repayment terms from 12 to 48 months, while secured business loans extend from 12 â 84 months.
How long does business loan processing take in Patan?
The standard processing duration is 2- 3 business days, subject to accurate information, eligibility verification, and complete documentation.
What eligibility requirements apply to startup business loans in Patan?
Startup ventures need to meet Shriram Finance's established business loan eligibility criteria.
What is the base interest rate for business loans in Patan?
The starting interest rate is set 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.