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Business Loan in Raichur
Shriram Finance supports businesses in Raichur with customised loans to fuel their growth1. They offer quick access to funds for business improvements and expansion, with competitive rates from 10%* p.a. and flexible repayment options of up to 84 months. With Business Loan in Raichur starting from Rs.1 lakh*, Shriram Finance provides secured and unsecured options, ensuring a streamlined process with minimal paperwork and speedy approvals. Shriram Finance aims to be a dependable partner for local businesses in Raichur.
Business Loan Types in Raichur
Shriram Finance has a wide range of secured and unsecured business loans These are:
Features and Benefits of Business Loans in Raichur
Avail a hassle-free business loan with Shriram Finance. Benefits 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 Raichur
Interest rates for Shriram Finance business loans start from 10%* p.a. For more details on applicable charges and type of fees:
| 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 Raichur
Eligibility and Documentation Criteria for Business Loans in Raichur
Who can apply?- Pvt ltd companies
- Public Ltd companies
- LLPs
- Partnership firms
- Proprietorship firms
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 Raichur
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 Raichur
Shriram Finance is a good solution for young and growing businesses with our unsecured business. An unsecured business loan does not require you to pledge any of your assets to get financing. With Shriram Finance, you can get an unsecured business loan starting from Rs.1 lakh*. Shriram Finance offers unsecured business loans with flexible repayment tenures and affordable interest rates. Applying for an unsecured business loan with Shriram Finance is very easy. These loans are beneficial because no collateral is required, approval process is quicker and easier, and they come with better credit terms. To be eligible for an unsecured business loan from Shriram Finance, your business should have been operational for at least 3 years, and you must provide the required documentation.
Our Business Loan Branches in Raichur
Visit any branch of Shriram Finance located in Raichur to avail various financial services like business loans, commercial vehicle loans, working capital loans and much more!
Locate Us
Business Loan Customer Care in Raichur
Shriram Finance is happy to help you with any queries you may have on availing a business loan in Raichur.
Business Loan Status in Raichur
Choose Shriram Finance to meet all your financial goals in Raichur. To check the status of your personal loan application, visit our website and enter your application reference number. You can also contact customer care.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Raichur?
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 Raichur?
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 Raichur?
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 Raichur?
Yes, you can apply for a business loan in Raichur. 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 Raichur?
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 Raichur?
The loan approval time is approximately fast. 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 Raichur?
For a startup business loan in Raichur 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 Raichur?
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.