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Business Loan in Patiala
Shriram Finance empowers Patiala businesses with tailored loan solutions, offering secured and unsecured options from Rs.1 lakh*. They provide competitive rates starting with 10%* p.a. and flexible repayment tenures of 84 months for expansion, equipment, and working capital. The streamlined application process for business loan in Patialia ensures quick access to capital.
Business Loan Types in Patiala
Shriram Finance provides a variety of secured and unsecured business loans to facilitate your business needs. These are:
Features and Benefits of Business Loans in Patiala
Shriram Finance offers hassle-free business loans for expansion and growth. 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 Patiala
Shriram Finance business loan interest: starting from 10%* p.a. See details 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
₹ 1,00,000
Interest Payable
₹ 39,450
Monthly EMI
₹ 1,660
Eligibility and Documentation Criteria for Business Loans in Patiala
Eligibility and Documentation Criteria for Business Loans in Patiala
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 Patiala
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 Patiala
Shriram Finance offers unsecured business loans from Rs.1 lakh* with a hassle-free business loan application process. Check your business loan status online. These loans require no collateral and feature flexible repayment options and affordable interest rates.
Our Business Loan Branches in Patiala
Customers in Patiala can easily visit Shriram Finance branches to apply for loans or manage existing ones. Key locations include:
Locate Us
Business Loan Customer Care in Patiala
For any inquiries or assistance regarding a business loan in Patiala, reach out to Shriram Finance today.
Business Loan Status in Patiala
To check the status of your personal loan application, visit our website and enter your application reference number.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Patiala?
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 Patiala?
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 Patiala?
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 Patiala?
Yes, you can apply for a business loan in Patiala. 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 Patiala?
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 Patiala?
The loan approval time is fast 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 Patiala?
For a startup business loan in Patiala 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 Patiala?
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.