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Business Loan in Rajnandgaon
Rajnandgaon, with its thriving trade and growing business landscape, requires financial solutions that support both emerging and established enterprises. Business loans in Rajnandgaon from Shriram Finance provide the necessary funding for entrepreneurs to expand their business, manage working capital, and meet operational costs with ease. Whether you are into retail, manufacturing, or services, our loan solutions are designed to meet your financial needs. We offer secured and unsecured loans with flexible repayment tenures of up to 84 months. Business loan types in Rajnandgaon include funding for expansion, equipment purchases, and other essential investments, with interest rates starting from 10%* p.a. Our simplified documentation process and quick approvals ensure business owners can access funds without hassle. With an easy online tracking system, you can check your business loan status at any stage. Shriram Finance is committed to empowering Rajnandgaon's business community with loans starting from Rs.1 lakh*, helping entrepreneurs achieve their growth ambitions.
Business Loan Types in Rajnandgaon
Shriram Finance offers tailored business loans in Rajnandgaon to meet the specific needs of businesses across industries. The loan options include:
Features and Benefits of Business Loans in Rajnandgaon
Shriram Finance makes business funding simple with quick approvals and minimal paperwork.
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 Rajnandgaon
Starting at 10%* p.a., Shriram Finance provides business loans. Please see the information provided below for comprehensive details on interest rates and related 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
âı 1,00,000
Interest Payable
âı 39,450
Monthly EMI
âı 1,660
Eligibility and Documentation Criteria for Business Loans in Rajnandgaon
Eligibility and Documentation Criteria for Business Loans in Rajnandgaon
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 Rajnandgaon
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 Rajnandgaon
Shriram Finance provides unsecured business loans, starting at Rs.1 lakh*, tailored for emerging businesses. These loans require no collateral and feature flexible repayment terms and competitive interest rates. Eligibility criteria include a minimum of 3 years in operation and the submission of necessary documentation. The application process is streamlined and available online. Shriram Finance's unsecured loans present a viable solution for businesses seeking capital without the encumbrance of collateral. This enables businesses to secure funding based on their creditworthiness and financial history.
Our Business Loan Branches in Rajnandgaon
At our business loan branches in Rajnandgaon, we provide funding solutions designed for local enterprises. Whether you require capital for expansion or to cover operational expenses, our team is ready to guide you. Visit us to explore loan options that align with your business goals.
Locate Us
Business Loan Customer Care in Rajnandgaon
For queries about business loans in Rajnandgaon, Shriram Finance is here to assist you. Reach out to our customer care team via phone or visit a branch for expert advice.
Business Loan Status in Rajnandgaon
To check the progress of your personal loan application in Rajnandgaon, enter your reference number on our website for real-time status updates. You can also contact our customer support team for further assistance. At Shriram Finance, we prioritise transparency and ease in loan tracking.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Rajnandgaon?
Business loans from Shriram Finance are available to Partnership firms, Proprietorship firms, Pvt Ltd companies, Public Ltd companies, and LLPs. Applicants must be between 21 years to 65 years old, ensuring the loan matures before turning65 years. Additionally, self-employed individuals and business owners with a minimum of 3 years of experience can apply.
What is the interest rate on a business loan in Rajnandgaon?
Interest rates start from 10%* p.a. For detailed information on rates and additional charges, refer to the section above.
How much loan can I get for my business in Rajnandgaon?
Business loan amounts begin at Rs.1 lakh*, with the maximum limit depending on your business's eligibility and financial position.
Can I apply for a business loan in Rajnandgaon?
Yes, applying is straightforward. You can apply online or visit the nearest Shriram Finance branch.
What is the maximum loan tenure for a business loan in Rajnandgaon?
Unsecured loans come with a tenure of 12 to 48 months, while secured loans offer repayment flexibility ranging from 12 â 84 months.
What is the processing time for a business loan in Rajnandgaon?
Loan approvals usually take around 2- 3 business days, depending on eligibility verification and document submission.
What is the eligibility for a startup business loan in Rajnandgaon?
Startup business loans follow the same eligibility guidelines as standard business loans.
What is the minimum interest rate for a business loan in Rajnandgaon?
Business loan interest rates begin at 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.