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Business Loan in Phek
Phek, with its growing business potential, is home to entrepreneurs looking for the right financial support to expand their ventures. A Business Loan in Phek from Shriram Finance can help businesses meet various financial needs, whether it's upgrading equipment, increasing inventory, or managing daily expenses. Our loan solutions are structured to cater to different business requirements, ensuring flexibility in repayment and ease of access to funds. With a simplified application process, securing financial support is now more convenient than ever. Discover how a Business Loan in Phek can drive your business forward. Keep reading to learn more.
Business Loan Types in Phek
Shriram Finance has secured and unsecured business loans in Phek. These are explained as below:
Features and Benefits of Business Loans in Phek
If you require financial help Shriram Finance is a good choice for business loans in Phek. 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 Phek
Interest rates for Shriram Finance business loans start from 10%* p.a. For further details:
| 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 Phek
Eligibility and Documentation Criteria for Business Loans in Phek
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 Phek
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 Phek
Shriram Finance provides a solution for young businesses with an unsecured business loan that requires no collateral. An unsecured business loan does not require you to pledge any of your assets. Get an unsecured business loan starting from Rs.1 lakh*. Shriram Finance offers unsecured business loans with flexible repayment tenures and affordable interest rates. Applying for an unsecured business loan with Shriram Finance is an easy online process. These loans are beneficial because no collateral is required, the approval process is quicker and easier, and they come with better credit terms. 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. Unsecured business loans are granted to business owners who satisfy all the stipulated eligibility criteria. Please note that the availability of unsecured business loans may differ depending on the business's location.
Our Business Loan Branches in Phek
The branches of Shriram Finance in Phek, provide support to walk-in customers with all their financial queries. Locations include:
Locate Us
Business Loan Customer Care in Phek
For inquiries on a business loan in Phek, Shriram Finance offers dedicated customer care services. Reach out to us today!
Business Loan Status in Phek
To check the status of your business loan application, visit our website and enter your application reference number. You can also contact customer care. Choose Shriram Finance today to meet your financial goals in Phek.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Phek?
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 Phek?
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 Phek?
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 Phek?
Yes, you can apply for a business loan in Phek. 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 Phek?
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 Phek?
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 Phek?
For a startup business loan in Phek 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 Phek?
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.