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Business Loan in Prayagraj
Prayagraj's entrepreneurs, power your ambitions with Shriram Finance! Access crucial business loan in Prayagraj for seamless growth. Benefit from competitive rates starting at 10%* p.a., tailored amounts, minimal paperwork, and swift approvals. Shriram Finance provides secured and unsecured options with flexible repayment terms up to 84 months, ensuring Prayagraj businesses can secure capital from Rs.1 lakh* with ease.
Business Loan Types in Prayagraj
Shriram Finance offers a wide range of secured and unsecured business loans. These include:
Features and Benefits of Business Loans in Prayagraj
If you require financial support to expand and grow your business, reach out to Shriram Finance today. Benefits of a business loan offered by Shriram Finance 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 Prayagraj
Interest rates for Shriram Finance business loans start from 10%* p.a. For more 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
âı 1,00,000
Interest Payable
âı 39,450
Monthly EMI
âı 1,660
Eligibility and Documentation Criteria for Business Loans in Prayagraj
Eligibility and Documentation Criteria for Business Loans in Prayagraj
Who can apply?- Partnership firms
- Pvt ltd companies
- LLPs
- Proprietorship firms
- Public 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 Prayagraj
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 Prayagraj
Shriram Finance offers unsecured business loans in Patna, providing an ideal solution for growing businesses without the need for collateral. With Shriram Finance, businesses can access unsecured loans starting from Rs.1 lakhs* through a hassle-free online process. To be eligible, businesses need to meet certain criteria. The availability of unsecured business loans may vary depending on the business location.
Our Business Loan Branches in Prayagraj
Visit any Shriram Finance branch located in Prayagraj to get answers on any financial queries that you may have.
Locate Us
Business Loan Customer Care in Prayagraj
Please can reach out via phone or visit any branch for personalised support.
Business Loan Status in Prayagraj
To check the status of your personal loan application, visit our website and enter your application reference number. You can also contact customer care for real-time updates on your loan processing status.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Prayagraj?
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 Prayagraj?
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 Prayagraj?
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 Prayagraj?
Yes, you can apply for a business loan in Prayagraj. 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 Prayagraj?
You can choose a loan tenure from 12 to 48 months for unsecured business loans and 12 â 84 months for secured business loans.
What is the processing time for a business loan in Prayagraj?
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 Prayagraj?
For a startup business loan in Prayagraj from Shriram Finance, the eligibility criteria are the same as for a regular business loan.
What is the minimum interest rate for a business loan in Prayagraj?
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.