stickyTab
Business Loan
Meet all your business needs with
Shriram Business Loans

Business Loan in Purnia

Purnia is emerging as a significant hub for small and medium enterprises, driven by its rich agricultural landscape and industrious spirit. For business owners and aspiring entrepreneurs, accessing timely financial support is crucial for not only sustaining operations but also for seizing growth opportunities. This is where business loans in Purnia from Shriram Finance come into play. Our loans are crafted to meet diverse financial needs, whether you're looking to expand your existing operations, manage daily expenses, or launch a new venture. With interest rates starting from 10%* p.a., we aim to provide accessible financing solutions without the burden of excessive costs. Our streamlined application process ensures that you receive prompt approvals with minimal documentation. You can choose from secured or unsecured loan options based on your requirements. Secured loans allow for higher amounts with collateral, while unsecured loans provide flexibility without the need for assets. At Shriram Finance, we believe in empowering Purnia's business community with the financial tools necessary to thrive. Our commitment is to support your entrepreneurial journey, helping you contribute to the local economy.

Business Loan Types in Purnia

Shriram Finance offers a variety of business loan solutions in Purnia:

Working Capital Loan
Working Capital Loan
This loan aids in covering everyday business expenses to ensure smooth operations.
GST Business Loan
GST Business Loan
Provides funding based on your GST returns, facilitating business growth.
Loan Without Financials
Loan Without Financials
Offers financial assistance without requiring detailed financial documentation.
Trade Finance
Trade Finance
Supports the management of both international and domestic trade transactions.
MSME Loan
MSME Loan
Designed to assist micro, small, and medium enterprises in their expansion efforts.
Startup Business Loan
Startup Business Loan
Provides essential funds for new businesses to launch and develop.
Shop Loan
Shop Loan
Financial support is available for establishing or expanding retail outlets.
Business Loan for Women
Business Loan for Women
Tailored funding solutions for women entrepreneurs looking to start or grow their ventures.
Supply Chain Finance
Supply Chain Finance
Helps businesses optimise cash flow and manage payments throughout the supply chain.

Features and Benefits of Business Loans in Purnia

Discover the key features and benefits of business loans available to businesses across Purnia:

Online EMI Calculator

Online EMI Calculator

Accurately calculate your monthly payments with our easy-to-use online EMI Calculator.
Loans starting from Rs. 1 lakh*

Loans starting from Rs. 1 lakh*

Manage your business expenses with loans starting from Rs. 1 lakh*.
Secured & Unsecured Loans

Secured & Unsecured Loans

Shriram Finance offers both secured and unsecured business loan options, depending on your business location. Get an unsecured business loan at an interest rate of 12%*p.a. and secured business loan at 10%* p.a.
Quick Loan & Approvals

Quick Loan & Approvals

Expect a fast loan approval process to ensure your business needs are met on time. The approval time is about 2- 3 business days, based on the reliability of the information provided, meeting the requirements, and submission of the necessary documents.
Flexible Loan Tenure

Flexible Loan Tenure

Choose from a range of flexible tenure options. Secured Loans start from 12 – 84 months, and unsecured business loans range from 12 to 48 months.
Hassle-free Online Process

Hassle-free Online Process

Apply for your loan and get it approved online in a few simple steps.

Business Loan Interest Rates and Charges in Purnia

This table outlines the interest rates and fees applicable to business loans offered by Shriram Finance in Purnia. Knowing these charges is essential for businesses seeking financial assistance.

Type of Fees Applicable Charges
Interest RateCustomised interest rates starting from 10%* p.a.
Processing FeesUp to 5%*
Late Payment Fees36%* p.a on the Overdue Amount
Foreclosure ChargesUp 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

Loan tenure
months

Min 12 months

Max 84 months

Loan Summary

loangraph

Loan

Loan Amount

₹ 1,00,000

Interest Payable

₹ 39,450

Monthly EMI

₹ 1,660

Eligibility and Documentation Criteria for Business Loans in Purnia

Eligibility and Documentation Criteria for Business Loans in Purnia

  • Individual IconWho can apply?
    • Partnership firms
    • Proprietorship firms
    • Pvt ltd companies
    • Public Ltd companies
    • LLPs
  • Individual IconEligibility 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.
  • Individual IconDocuments Required:
    • Bank statement (6 months)
    • Business registration proof
    • Business PAN
    • Applicant PAN
    • Selfie Photograph

Step-by-Step Application Process for Business Loans in Purnia

Applying for Shriram Business Loan is a 5-step process:

How To Apply
  • Step 1

    Register using your mobile number
  • Step 2

    Enter loan details
  • Step 3

    Enter business details
  • Step 4

    Receive a verification call from us
  • Step 5

    Get your loan disbursed

Unsecured Business Loans in Purnia

Shriram Finance provides an ideal solution for young and expanding businesses. Our unsecured business loans do not require any collateral, allowing you to access funds without pledging assets. Loans start from Rs.1 lakh* and come with flexible repayment options and competitive interest rates. The online application process is simple, ensuring quick approvals and favourable credit terms. To be eligible, your business should have been running for at least 3 years, along with the submission of required documents.

Our Business Loan Branches in Purnia

At our Purnia branch, we have been supporting local businesses in meeting their financial needs. Whether you need funds for business expansion or managing daily operations, we are here to help you select the right loan option.

Locate Us

or

  • ANDAMAN AND NICOBAR ISLANDS
  • ANDHRA PRADESH
  • ASSAM
  • BIHAR
  • CHANDIGARH
  • CHHATTISGARH
  • DADRA AND NAGAR HAVELI
  • DELHI
  • GOA
  • GUJARAT
  • HARYANA
  • HIMACHAL PRADESH
  • JAMMU AND KASHMIR
  • JHARKHAND
  • KARNATAKA
  • KERALA
  • Karnataka
  • MADHYA PRADESH
  • MAHARASHTRA
  • MANIPUR
  • MEGHALAYA
  • Madhya Pradesh
  • Maharashtra
  • ODISHA
  • PUDUCHERRY
  • PUNJAB
  • RAJASTHAN
  • SIKKIM
  • TAMIL NADU
  • TELANGANA
  • TRIPURA
  • Tamil Nadu
  • Telangana
  • UTTAR PRADESH
  • UTTARAKHAND
  • WEST BENGAL

Business Loan Customer Care in Purnia

Shriram Finance is available to handle all your business loan inquiries in Purnia. You can reach out to our customer support team by phone or visit the branch for personalised guidance.

Business Loan Status in Purnia

Track your business loan application status in Purnia effortlessly. Enter your reference number on our website for instant updates. Our customer care team is available to assist you if needed.

Business Loan FAQs

Who is eligible for a business loan in Purnia?

Sole proprietors, LLPs, partnership firms, and private and public limited companies in Purnia can apply. Applicants must be aged between 21 years to 65 years and have at least 3 years of business experience.

What is the interest rate on a business loan in Purnia?

Business loans in Purnia come with competitive interest rates starting at 10%* p.a. For details on additional charges, please check the section above.

How much loan can I get for my business in Purnia?

Loan amounts start from Rs.1 lakh* in Purnia. The maximum amount depends on your business requirements and eligibility.

Can I apply for a business loan in Purnia?

Yes, you can apply online or visit the Shriram Finance branch in Purnia for assistance.

What is the maximum loan tenure for a business loan in Purnia?

Unsecured loans come with repayment periods of 12 to 48 months, while secured loans offer flexible repayment options ranging from 12 – 84 months.

What is the processing time for a business loan in Purnia?

Loan applications are typically processed within 2- 3 business days, depending on the completeness of your documents and eligibility.

What is the eligibility for a startup business loan in Purnia?

Startup business loan eligibility in Purnia follows the same criteria as standard business loans.

What is the minimum interest rate for a business loan in Purnia?

Shriram Finance offers business loans in Purnia at competitive 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.