- Gold Price
Gold | 24k (999 Purity)
Silver | 24k (999 Purity)
- Profile IconRegister / Login
Notifications5
Terms and Conditions
Business Loan in Ranipet
Ranipet is known for its history and industries. It's becoming a growing business centre. Shriram Finance is here to support new businesses in Ranipet by offering easy-to-get loans. Getting a business loan in Ranipet can really help businesses grow or manage their day-to-day expenses. To help businesses expand, Shriram Finance offers different types of loans with good interest rates, starting from 10%* p.a., and flexible payment options. These loans can be used for various business needs, like paying for daily costs, buying new equipment, and improving working capital. Knowing that getting money quickly is important, Shriram Finance offers a simple Business Loan Application process, so businesses can get the funds they need fast. Shriram Finance wants to be a reliable friend to businesses in Ranipet, with business loans starting from Rs.1 lakh*.
Business Loan Types in Ranipet
For businesses seeking financial support, Shriram Finance offers a range of secured and unsecured business loan options in Ranipet to help meet your business needs. These include:
Features and Benefits of Business Loans in Ranipet
If your business needs financial help to expand, Shriram Finance is a good choice for a hassle-free business loan in Ranipet. 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 Ranipet
Interest rates for Shriram Finance unsecured business loan solutions in Ranipet commence from 12%*p.a For detailed information on interest rates and applicable fees/charges, please consult the specifics provided below. Secured business loan interest rates start from 10%* p.a.
| 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 Loans 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 Loan in Ranipet
Eligibility and Documentation Criteria for Business Loan in Ranipet
Who Can Apply?- Pvt Ltd companies
- Partnership firms
- Proprietorship firms
- LLPs
- Public Ltd companies
Eligibility Criteria- Occupation: Self-employed individuals, business owners, or proprietors with a minimum of 3 years of business experience.
- Age: 21 years to 65 years (Age at loan maturity should not exceed 65 years)
Documents Required:- Business PAN
- Applicant PAN
- Selfie Photograph
- Bank statement (6 months)
- Business registration proof
Step-by-Step Application Process for Business Loans in Ranipet
Submitting an application for business loan in Ranipet with Shriram Finance is a process completed in 5 steps:
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 Ranipet
Shriram Finance is committed to supporting the expansion of small and medium-sized enterprises by offering an unsecured business loan, removing the need for collateral. This allows businesses to access funding without pledging assets. With Shriram Finance, businesses in Ranipet can secure an unsecured business loan to address their financial needs. Shriram Finance extends unsecured business loans designed with accommodating repayment schedules and competitive interest rates. The application process for these loans is streamlined and convenient. These loans offer distinct advantages, including the elimination of collateral obligations and a swift approval process. To qualify for an unsecured business loan from Shriram Finance, businesses must meet specific operational and documentary criteria. The availability of unsecured business loans may vary depending on the business location.
Our Business Loan Branches in Ranipet
Shriram Finance maintains branches across Ranipet, providing customers with convenience in both application and loan management:
Locate Us
Business Loan Customer Care in Ranipet
For any queries or assistance regarding a business loan in Ranipet, Shriram Finance offers dedicated Business Loan Customer Care in Ranipet services. You can get in touch via telephone or by visiting any branch for personalised support.
Business Loan Status in Ranipet
If you're seeking information on your business loan application, we invite you to visit our website and enter your application reference number. Real-time updates on your loan processing status are also accessible through our customer care team. Opting for Shriram Finance ensures a borrowing experience tailored to meet your financial objectives in Ranipet.
Business Loans in Major Cities
Business Loan FAQs
What are the requirements to qualify for a business loan in Ranipet?
If you run a partnership firm, proprietorship firm, private limited company, public limited company, or a Limited Liability Partnership (LLP), you are eligible to apply. We do require the applicant to be aged between 21 years to 65 years at loan maturity. As a self-employed individual, business owner, or proprietor, you'll need a minimum of 3 years of business experience.
What interest rate will apply to a Shriram Finance business loan in Ranipet?
The interest rate for business loans with us begins at 10%* p.a.. Please have a look at our interest rate policy for all the details about the rates and any other fees or charges that might apply.
How much funding can I get for my business in Ranipet through Shriram Finance?
Business loans with us start at Rs.1 lakh*. The exact amount you can borrow will depend on factors including your credit score, revenue, and your business plan. We can provide unsecured business loans up to a limit of Rs.##bl-unsecured-amt##*.
What's the process to apply for a business loan from Shriram Finance in Ranipet?
Applying for a business loan with us is pretty straightforward. You can get started by registering on our website using your mobile number. We'll then send you an OTP for verification, after which you can enter your personal details. One of our representatives will then get in touch to take your application further.
What repayment options are there for a business loan in Ranipet?
You can choose to repay your loan over 12 to 48 months for unsecured business loans, or over 12 – 84 months for secured business loans.
How long will it take to process a business loan in Ranipet?
At Shriram Finance, we try to get the loan sanctioned within a turnaround time of 2- 3 business days. However, this can vary depending on the type of loan, how much funding you need, and a few other things.
Are there different eligibility requirements for a startup business loan from Shriram Finance in Ranipet?
The eligibility requirements for a startup business loan with us are generally the same as those for a standard business loan.
What's the baseline interest rate for business loans in Ranipet?
The baseline interest rate is 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.