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Business Loan in Puri
Puri is a city where businesses thrive on innovation and growth. If you're looking to start a new venture or expand an existing business in Puri, securing the right financial backing is paramount. Shriram Finance offers business loans in Puri with competitive interest rates from 10%* p.a. and loan amounts starting at Rs.1 lakh*, designed to fuel your business aspirations.Local businesses in Puri sometimes face unique hurdles, from seasonal income variations to the need for specific tourism-related investments. Shriram Finance addresses these challenges by providing both secured and unsecured business loan options in Puri. This ensures that you can invest in essential equipment, expand your premises to welcome more customers, or effectively manage your working capital throughout the year. With flexible repayment terms extending up to 84 months and a streamlined documentation process, our loans are customised to fit the diverse needs of businesses in Puri. Our transparent application process makes it easy to track your business loan status, ensuring quick disbursement so you can focus on what truly matters: growing your business. Whether you're a small shop owner, a hospitality service provider, or an artisan, Shriram Finance is here to support your ambitions with reliable and accessible financial solutions.
Business Loan Types in Puri
Shriram Finance presents a diverse array of business loan solutions in Puri, tailored to assist entrepreneurs and business owners in realising their financial ambitions. Our offerings include:
Features and Benefits of Business Loans in Puri
Shriram Finance offers business loan solutions in Puri designed to meet your specific requirements. This allows for easy access to capital to support your business growth.
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 Puri
Shriram Finance offers business loans with competitive interest rates, starting as low as 10%* p.a. Please see below for a detailed breakdown of interest rates, fees, and associated charges.
| 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 Puri
Eligibility and Documentation Criteria for Business Loans in Puri
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 Puri
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 Puri
Shriram Finance understands the need for accessible financial assistance and provides unsecured business loans starting from Rs.1 lakh* to support businesses in Puri without requiring any collateral. Our unsecured loans come with flexible repayment options and a straightforward online application process. To be eligible, you should have a minimum of 3 years in business. Approvals are expedited due to the absence of collateral requirements, making it simpler for businesses to obtain the funds they need. Whether you're looking to expand your operations or manage your day-to-day finances efficiently, Shriram Finance ensures you receive the necessary financial support without the burden of pledging assets.
Our Business Loan Branches in Puri
Our business loan services are readily available in Puri. We offer customised financial solutions tailored for local businesses, whether you're planning to expand or need help with managing daily expenses. Reach out to us today to explore a range of loan options that best suit your business requirements.
Locate Us
Business Loan Customer Care in Puri
Do you need assistance with a business loan in Puri? Shriram Finance is committed to providing exceptional customer support. Please feel free to contact us via phone or visit our nearest branch for personalised assistance.
Business Loan Status in Puri
Staying informed about your business loan status in Puri is easy. Simply enter your reference number on our website to receive real-time updates. Alternatively, you can contact our dedicated customer care team for support.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Puri?
In Puri, business loans are accessible to a variety of business structures, including partnership firms, proprietorship firms, private and public limited companies, and LLPs. To be eligible, applicants must be between 21 years to 65 years old at the time of application (the loan must be fully repaid before the applicant turns 65 years
What is the interest rate on a business loan in Puri?
Shriram Finance provides competitive interest rates starting from 10%* p.a. Please refer to the details provided above for comprehensive information about other applicable charges.
How much loan can I get for my business in Puri?
Loan amounts start at Rs.1 lakh*, with the maximum amount determined based on your business needs and eligibility assessment.
Can I apply for a business loan in Puri?
Yes, you have the convenience of applying online or visiting a Shriram Finance branch in Puri for direct assistance.
What is the maximum loan tenure for a business loan in Puri?
For unsecured loans, the repayment tenure ranges from 12 to 48 months. Secured loans offer more extended flexibility, spanning from 12 – 84 months.
What is the processing time for a business loan in Puri?
Loan approvals are typically processed within 2- 3 business days, depending on your eligibility and the completeness of your documentation.
What is the eligibility for a startup business loan in Puri?
Eligibility criteria for startup business loans generally align with those for standard business loans.
What is the minimum interest rate for a business loan in Puri?
Shriram Finance offers business loans at competitive interest rates starting 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.