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Business Loan
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Shriram Business Loans
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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:

Working Capital Loan
Working Capital Loan
Finances immediate needs to run business operations.
Trade Finance
Trade Finance
Supports trading through credit letters and insurance.
Supply Chain Finance
Supply Chain Finance
Flexible payments benefitting buyers and suppliers.
Startup Business Loan
Startup Business Loan
Capital helping new ventures grow quickly.
MSME Loan
MSME Loan
Finances micro, small, and medium enterprises.
GST Business Loan
GST Business Loan
Helps with Goods and Services Tax payments.
Shop Loan
Shop Loan
Supports operations for small retail shops.
Loan Without Financials
Loan Without Financials
For businesses without detailed documentation readily.
Loan Without Financials
Business Loan for Women
Supports businesses owned/led by women.

Features and Benefits of Business Loans in Patiala

Shriram Finance offers hassle-free business loans for expansion and growth. Benefits are:

Online EMI Calculator

Online EMI Calculator

Accurately calculate your monthly payments with our easy-to-use online EMI Calculator.
Loans starting from Rs. 1 lakh*

Loans starting from Rs. 1 lakh*

Manage your business expenses with loans starting from Rs. 1 lakh*.
Secured & Unsecured Loans

Secured & Unsecured Loans

Shriram Finance offers both secured and unsecured business loan options, depending on your business location. Get an unsecured business loan at an interest rate of 12%*p.a. and secured business loan at 10%* p.a.
Quick Loan & Approvals

Quick Loan & Approvals

Expect a fast loan approval process to ensure your business needs are met on time. The approval time is about 2- 3 business days, based on the reliability of the information provided, meeting the requirements, and submission of the necessary documents.
Flexible Loan Tenure

Flexible Loan Tenure

Choose from a range of flexible tenure options. Secured Loans start from 12 – 84 months, and unsecured business loans range from 12 to 48 months.
Hassle-free Online Process

Hassle-free Online Process

Apply for your loan and get it approved online in a few simple steps.

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 RateCustomised interest rates starting from 10%* p.a.
Processing FeesUp to 5%*
Late Payment Fees36%* p.a on the Overdue Amount
Foreclosure ChargesUp to 4%*

How to Use the Business Loan EMI Calculator

STEP 01

Required loan amount

â‚ı

STEP 02

Interest rate

%

Min 10%

Max 30%

STEP 03

Loan tenure
months

Min 12 months

Max 84 months

Loan Summary

loangraph

Loan

Loan Amount

â‚ı 1,00,000

Interest Payable

â‚ı 39,450

Monthly EMI

â‚ı 1,660

Eligibility and Documentation Criteria for Business Loans in Patiala

Eligibility and Documentation Criteria for Business Loans in Patiala

  • Individual IconWho can apply?
    • Partnership firms
    • Proprietorship firms
    • Public Ltd companies
    • LLPs
    • Pvt ltd companies
  • Individual IconEligibility 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.
  • Individual IconDocuments 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:

How To Apply

  • Step 1

    Register using your mobile number

  • Step 2

    Enter loan details

  • Step 3

    Enter business details

  • Step 4

    Receive a verification call from us

  • Step 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

or

  • ANDAMAN AND NICOBAR ISLANDS
  • ANDHRA PRADESH
  • ASSAM
  • BIHAR
  • CHANDIGARH
  • CHHATTISGARH
  • DADRA AND NAGAR HAVELI
  • DELHI
  • GOA
  • GUJARAT
  • HARYANA
  • HIMACHAL PRADESH
  • JAMMU AND KASHMIR
  • JHARKHAND
  • KARNATAKA
  • KERALA
  • Karnataka
  • MADHYA PRADESH
  • MAHARASHTRA
  • MANIPUR
  • MEGHALAYA
  • Madhya Pradesh
  • Maharashtra
  • ODISHA
  • PUDUCHERRY
  • PUNJAB
  • RAJASTHAN
  • SIKKIM
  • TAMIL NADU
  • TELANGANA
  • TRIPURA
  • Tamil Nadu
  • Telangana
  • UTTAR PRADESH
  • UTTARAKHAND
  • WEST BENGAL

Business Loan Customer Care in Patiala

For any inquiries or assistance regarding a business loan in Patiala, reach out to Shriram Finance today.

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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

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Business Loan in Indore

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.