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Business Loan in Rajamahendravaram
In Rajamahendravaram, where businesses are growing, Shriram Finance offers loan solutions to empower local enterprises. Accessing funds is crucial for upgrades and expansion. Shriram Finance provides business loans with competitive interest rates (from 10%* p.a.) and amounts tailored for various needs, including expansion, working capital, and equipment. Loans feature a streamlined process, quick approval, and flexible repayment options. Shriram Finance provides both secured and unsecured business loans, understanding the Rajamahendravaram business environment. With a simple application, businesses can quickly access capital starting from Rs.1 lakh*. Shriram Finance aims to be a key partner in Rajamahendravaram's business development
Business Loan Types in Rajamahendravaram
Choose from a wide range of secured and unsecured business loans from Shriram Finance. These are:
Features and Benefits of Business Loans in Rajamahendravaram
Shriram Finance is a great choice for availing business loan. Benefits are listed as below:
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 Rajamahendravaram
For detailed information on interest rates and applicable fees/charges, please refer below:
| 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 Rajamahendravaram
Eligibility and Documentation Criteria for Business Loans in Rajamahendravaram
Who can apply?- Pvt ltd companies
- Public Ltd companies
- Partnership firms
- Proprietorship firms
- 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 Rajamahendravaram
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 Rajamahendravaram
Shriram Finance provides an ideal solution for young and growing businesses with our unsecured business loan that requires no collateral. 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. An unsecured business loan is offered to business owners based on the fulfilment of eligibility criteria. Note that the availability of unsecured business loans may vary depending on the business location.
Our Business Loan Branches in Rajamahendravaram
Head to any Shriram Finance branch located in Rajamahendravaram to sort out all your financial worries.
Locate Us
Business Loan Customer Care in Rajamahendravaram
For any inquiries or assistance regarding a business loan in Rajamahendravaram, Shriram Finance offers dedicated customer care services. You can reach out via phone or visit any branch for personalised support.
Business Loan Status in Rajamahendravaram
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. By choosing Shriram Finance, you can enjoy a hassle-free borrowing experience tailored to meet your financial goals in Rajamahendravaram.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Rajamahendravaram?
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 Rajamahendravaram?
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 Rajamahendravaram?
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 Rajamahendravaram?
Yes, you can apply for a business loan in Rajamahendravaram. 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 Rajamahendravaram?
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 Rajamahendravaram?
The loan approval time is quick. 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 Rajamahendravaram?
For a startup business loan in Rajamahendravaramfrom 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 Rajamahendravaram?
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.