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Business Loan in Pathanamthitta
Pathanamthitta is a town in Kerala famous for its temples and culture, is seeing its local businesses grow steadily. Shriram Finance wants to help this growth by offering loans that are easy to get and made just for them. A business loan in Pathanamthitta can be a great help for businesses that want to grow or try new things. Shriram Finance's loans don't need much paperwork, get approved quickly, and have payment plans that can change, so businesses can handle their money well. We offer solutions for every business, you can also get an unsecured business loan which requires zero collaterals. Seeing that businesses in Pathanamthitta are changing, Shriram Finance is working to give them finance options that are simple and effective. Shriram Finance helps Pathanamthitta's economy become more diverse, with business loans starting from Rs.1 lakh*.
Business Loan Types in Pathanamthitta
Shriram Finance offers several secured and unsecured business loan options, customised to serve different business-related financial demands in Pathanamthitta, including:
Features and Benefits of Business Loans in Pathanamthitta
If your business requires financial support for expansion, Shriram Finance is a strong option for obtaining a simple business loan in Pathanamthitta. This includes benefits such as:
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 Pathanamthitta
Shriram Finance unsecured business loan interest rates in Pathanamthitta begin at 12%*p.a For precise details on interest rates and associated costs, see the information furnished. Secured business loan interest rates start from 10%* p.a.
| 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 Loans 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 Loan in Pathanamthitta
Eligibility and Documentation Criteria for Business Loan in Pathanamthitta
Who can apply? - LLPs
- Pvt Ltd companies
- Partnership firms
- Proprietorship firms
- Public 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- Applicant PAN
- Selfie Photograph
- Bank statement (6 months)
- Business registration proof
- Business PAN
Step-by-Step Application Process for Business Loans in Pathanamthitta
Apply Online for a Business Loan with Shriram Finance in 5 simple steps:
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 Pathanamthitta
Shriram Finance is dedicated to providing growing businesses with financial solutions such as our unsecured business loan, which requires no collateral. An unsecured business loan means you do not have to pledge any assets to get funding. Shriram Finance provides unsecured business loans to help small businesses in various locations. Flexible repayment plans and reasonable interest rates are highlights of Shriram Finance's unsecured business loans. Applying for an unsecured business loan with Shriram Finance is designed to be simple and can be done online. The advantages of these loans include no collateral requirements, a quicker approval process, and better credit terms. To be eligible for an unsecured business loan from Shriram Finance, businesses must meet specific operational and documentation criteria. The availability of unsecured business loans can vary by location.
Our Business Loan Branches in Pathanamthitta
With Business Loan Branches in Pathanamthitta, Shriram Finance ensures accessible avenues for clients to apply for and administer their loans:
Locate Us
Business Loan Customer Care in Pathanamthitta
For all questions or guidance related to a business loan in Pathanamthitta, Shriram Finance's committed Business Loan Customer Care in Pathanamthitta is at your service. Reach out by phone or come see us at any branch for tailored support.
Business Loan Status in Pathanamthitta
If you wish to know the status of your business loan application, please visit our website and enter your reference number. For real-time updates on your loan's progress, get in touch with our customer care team. By selecting Shriram Finance, you are opting for a streamlined borrowing experience, customised to help you achieve your financial objectives in Pathanamthitta.
Business Loans in Major Cities
Business Loan FAQs
What are the eligibility requirements for a business loan in Pathanamthitta?
If your business is registered as a partnership firm, sole proprietorship, private limited company, public limited company, or Limited Liability Partnership (LLP), you can apply for a business loan. Key criteria include being between 21 years to 65 years old, and possessing a minimum of 3 years of experience if self-employed, a business owner, or a proprietor.
What's the going rate of interest for a business loan in Pathanamthitta?
The starting interest rate for our business loan offerings at Shriram Finance is 10%* p.a. You can find more precise details about interest rates and any accompanying fees or charges in our detailed interest rate policy document.
How much can I potentially borrow for my business venture in Pathanamthitta?
Shriram Finance provides business loans commencing from Rs.1 lakh*. The ceiling on the loan amount is influenced by the particular requirements of your business and your capacity to meet our eligibility criteria. Interest rates for unsecured loans stand at 12%*p.a, while secured business loans offer more competitive terms at 10%* p.a.
What's the application process like for a business loan in Pathanamthitta?
Applying for a business loan with Shriram Finance is a smooth and straightforward process. You can initiate your application either online, from the comfort of your own space, or in person by visiting one of our conveniently located branches.
What are my options for repaying a business loan in Pathanamthitta?
We offer flexible repayment plans designed to accommodate your business's unique financial circumstances. For unsecured business loans, you can choose repayment terms ranging from 12 to 48 months, while secured business loans offer an extended repayment window of 12 – 84 months.
What kind of timeframe am I looking at for the processing of a business loan in Pathanamthitta?
Our aim is to offer a swift and efficient loan approval service, typically targeting a processing time of 2- 3 business days. However, this timeline can fluctuate based on factors such as the accuracy and completeness of your application materials, your ability to meet our eligibility criteria, and the speed with which you provide all necessary supporting documentation.
What are the qualification requirements for a new business loan in Pathanamthitta?
For entrepreneurs seeking startup business loans through Shriram Finance in Pathanamthitta, the eligibility prerequisites are generally consistent with those for our standard business loan products.
What's the basic interest rate for a business loan in Pathanamthitta?
Interest rates begin 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.