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Business Loan in Pune
Pune is a vibrant hub for industry and education that thrives on innovation. If you're a business owner in Pune and want to expand, having access to capital is key. A Business Loan in Pune from Shriram Finance can give you the financial support you need to grow, upgrade your business, or run things smoothly. Shriram Finance offers custom loan options with competitive interest rates, beginning at 10%* p.a., and flexible repayment plans designed to suit your business needs. This guide gives you a detailed look at business loans in Pune. We'll cover the different kinds of loans available, who is eligible, interest rates, and how to apply.
Business Loan Types in Pune
Shriram Finance provides several types of business loans in Pune, with both secured and unsecured options.
Features and Benefits of Business Loans in Pune
Shriram Finance aims to provide a straightforward business loan solution in Pune. The advantages of these loans 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 Pune
At Shriram Finance, business loan interest rates in Pune start at 10%* p.a. For detailed information on interest rates and associated fees, please visit our website or contact our Pune branch.
| 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 Pune
Eligibility and Documentation Criteria for Business Loans in Pune
Eligible Applicants:- Sole Proprietorships
- Private Limited Companies
- Public Limited Companies
- Partnership firms
- Limited Liability Partnerships (LLPs)
Eligibility Requirements:- Professional Profile: Self-employed individuals, business owners, or proprietors must demonstrate a minimum of 3 years of business experience.
- Age: Applicants should be between 21 years to 65 years old (with loan maturity not exceeding 65 years).
Required Documents:- Applicant's PAN card
- Recent photograph
- Proof of business registration
- Six-month bank statement
- Business PAN card
Step-by-Step Application Process for Business Loans in Pune
Obtaining a Shriram Business Loan in Pune involves five straightforward steps:
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 Pune
If you're looking to expand your business in Pune, Shriram Finance offers an ideal solution: our unsecured business loans, which don't require you to pledge any assets as collateral. With Shriram Finance, you can access an unsecured business loan starting from Rs.1 lakh*. We offer these loans with flexible repayment schedules and competitive interest rates, designed to ease your financial burden. Applying for an unsecured business loan with Shriram Finance is a simple, hassle-free online process. The advantages are clear: no collateral needed, a faster and easier approval process, and attractive credit terms. To be eligible for an unsecured business loan from Shriram Finance, your business should have been operating for a minimum of 3 years, and you'll need to provide all necessary documents. These loans are offered to business owners based on meeting specific eligibility criteria, ensuring responsible lending practices.
Our Business Loan Branches in Pune
Need to know something about a business loan? Think of our branches as your neighbourhood helpers for all things finance. Our Business Loan Branches in Pune include:
Locate Us
Business Loan Customer Care in Pune
For inquiries or assistance regarding a business loan in Pune, Shriram Finance offers customer care services. Contact details and branch addresses can be found on our website.
Business Loan Status in Pune
Track your business loan application in Pune through our website using your reference number or contact our customer care team.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Pune?
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 Pune?
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 Pune?
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 Pune?
Yes, you can apply for a business loan in Pune. 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 Pune?
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 Pune?
The loan approval time is approximately 2- 3 business days. 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 Pune?
For a startup business loan in Pune 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 Pune?
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.