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Business Loan in Patna
In Patna, where entrepreneurial spirit flourishes, Shriram Finance supports local businesses with tailored loan solutions. Securing capital is essential for expansion and smooth operations. Shriram Finance business loans offer competitive rates (starting from 10%* p.a.) and amounts suited to specific needs, such as expansion, working capital, or equipment. Loans feature minimal paperwork, quick approval, and flexible repayment, with both secured and unsecured options available. Shriram Finance understands the Patna business environment, providing a streamlined application for quick access to funds, starting from Rs.1 lakh*. Shriram Finance is a reliable partner for your development.
Business Loan Types in Patna
Shriram Finance offers business loans for every need. These are:
Features and Benefits of Business Loans in Patna
Shriram Finance is ideal for hassle-free loans to expand your business.
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 Patna
Shriram Finance: Business loans 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 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 Patna
Eligibility and Documentation Criteria for Business Loans in Patna
Who can apply?- Partnership firms
- Public Ltd companies
- LLPs
- Proprietorship firms
- 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 Patna
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 Patna
Shriram Finance provides an ideal solution for young and growing businesses with our unsecured business loan that requires no collateral. An unsecured business loan does not require you to pledge any of your assets to get financing. Get an unsecured business loan starting from Rs.1 lakh* with Shriram Finance. 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. Note that the availability of unsecured business loans may vary depending on the business location.
Our Business Loan Branches in Patna
Visit any Shriram Finance branch in Patna today.
Locate Us
Business Loan Customer Care in Patna
Please reach reach out via phone or visit any branch for personalised support.
Business Loan Status in Patna
To check your Shriram Finance loan status, contact customer care.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Patna?
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 7 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 Patna?
The interest rate for Shriram Business Loan starts from 10%* p.a.
How much loan can I get for my business in Patna?
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 Patna?
Yes, you can apply for a business loan in Patna. You can apply online or visit a branch.
What is the maximum loan tenure for a business loan in Patna?
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 Patna?
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 Patna?
For a startup business loan in Patna 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 Patna?
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.