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Business Loan in Puducherry
Shriram Finance empowers Puducherry businesses with tailored loan solutions, starting from Rs.1 lakh*. Benefit from competitive rates (from 10%* p.a.) and flexible repayment options of up to 84 months to facilitate business expansion. Shriram Finance streamlines the loan application process, understanding the Puducherry business environment, with loans for working capital and equipment.
Business Loan Types in Puducherry
Shriram Finance offers both secured and unsecured business loans which include:
Features and Benefits of Business Loans in Puducherry
Shriram Finance is an ideal choice for availing a hassle-free business loan. Here are some of the benefits:
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 Puducherry
For detailed information on interest rates and applicable fees/charges, refer to the 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 Puducherry
Eligibility and Documentation Criteria for Business Loans in Puducherry
Who can apply? - Partnership firms
- Proprietorship firms
- Pvt ltd companies
- Public Ltd companies
- LLPs
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 Puducherry
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 Puducherry
With Shriram Finance, you can get an unsecured business loan starting from Rs.1 lakh*. These loans are beneficial because no collateral is required, approval process is quicker and easier, and they come with better credit terms. 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 Puducherry
For information on any financial queries, please visit any branch of Shriram Finance located in Puducherry.
Locate Us
Business Loan Customer Care in Puducherry
For any inquiries or assistance regarding a business loan in Puducherry, please reach out to Shriram Finance today!
Business Loan Status in Puducherry
To check the status of your personal loan application, visit our website and enter your application reference number. Choose Shriram Finance for all your business loan requirements.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Puducherry?
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. 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 Puducherry?
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 Puducherry?
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 Puducherry?
Yes, you can apply for a business loan in Puducherry. 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 Puducherry?
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 Puducherry?
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 Puducherry?
For a startup business loan in Puducherry 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 Puducherry?
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.