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Business Loan in Rohtak
Rohtak is a city in Haryana with a strong agricultural base and developing industrial landscape. The local economy thrives on numerous small businesses. Shriram Finance is here to support these enterprises by providing accessible financing options. A business loan in Rohtak can assist local entrepreneurs in expanding their operations or investing in new ventures. To promote business growth, Shriram Finance offers a range of loan products with competitive interest rates starting from 10%* p.a.. These loans can be used for upgrading equipment and covering operational costs. Borrowers can easily apply business loan in Rohtak through our streamlined process. Understanding the importance of timely financial assistance, Shriram Finance has simplified its online application procedure. This allows businesses to obtain the support they need quickly. Shriram Finance aims to be a trusted partner for Rohtak's businesses, offering loans starting from Rs.1 lakh*.
Business Loan Types in Rohtak
Shriram Finance presents a variety of secured and unsecured business loan options in Rohtak, tailored to support local businesses. These offerings include:
Features and Benefits of Business Loans in Rohtak
For those in Rohtak seeking financial assistance to expand their operations, Shriram Finance is an excellent choice for a hassle-free business loan. 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 Rohtak
Shriram Finance unsecured business loan interest rates in Rohtak begin at 12%*p.a. For precise details on interest rates and associated costs, please refer to the information provided. 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 Rohtak
Eligibility and Documentation Criteria for Business Loan in Rohtak
Who Can Apply- Pvt Ltd companies
- Partnership firms
- Public Ltd companies
- LLPs
- Proprietorship firms
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- Selfie Photograph
- Bank statement (6 months)
- Business registration proof
- Applicant PAN
- Business PAN
Step-by-Step Application Process for Business Loans in Rohtak
You can easily apply for a business loan in Rohtak through a straightforward online process designed for convenience:
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 Rohtak
Shriram Finance is pleased to assist businesses in Rohtak through its unsecured business loan that does not require any form of collateral. This financing option enables enterprises to obtain funds without needing to pledge any assets as security. An unsecured business loan from Shriram Finance can help manage various operational needs. The unsecured business loans offered by Shriram Finance come with flexible repayment options and competitive interest rates. The online application process is designed for simplicity and efficiency. These loans provide several benefits, including no collateral requirements, a swift approval process, and improved credit terms. To be eligible for an unsecured business loan from Shriram Finance, businesses must meet specific operational criteria and provide necessary documentation. Please note that availability may vary depending on the location of the enterprise.
Our Business Loan Branches in Rohtak
With its network of Business Loan Branches in Rohtak, Shriram Finance facilitates easy access for clients wishing to apply and manage their loans effectively:
Locate Us
Business Loan Customer Care in Rohtak
For all queries or guidance related to a business loan in Rohtak, Shriram Finance's dedicated Business Loan Customer Care in Rohtak is available. You may contact us by phone or visit any branch for tailored assistance.
Business Loan Status in Rohtak
To check on the progress of your business loan application, kindly visit our website and enter your reference number. Additionally, our customer care representatives are available to assist you with real-time updates regarding your application status.Selecting Shriram Finance ensures a borrowing experience that aligns with your financial objectives in Rohtak.
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Business Loan FAQs
Who is eligible for a business loan in Rohtak?
If you operate a partnership firm, proprietorship firm, private limited company, public limited company, or a Limited Liability Partnership (LLP), you're eligible to apply for a business loan with us. We need the applicant to be between 21 years to 65 years old, and not exceed 65 years at loan maturity. Self-employed individuals, business owners, or proprietors must also have a minimum of 3 years of business experience.
What interest rate applies to Shriram Finance business loans in Rohtak?
The interest rate on our business loans starts at 10%* p.a. You can find detailed information about interest rates and any applicable fees or charges in our interest rate policy.
How much financial assistance can my business secure in Rohtak through Shriram Finance?
Business loans at Shriram Finance start from Rs.1 lakh*. The maximum loan amount you can secure depends on your business's individual needs and your eligibility. We offer unsecured loans with an interest rate of 12%*p.a. while secured loans are offered at 10%* p.a.
What is the application process for a business loan from Shriram Finance in Rohtak?
We've designed our application process to be as straightforward as possible. Register on our website using your mobile number. You'll then need to verify and proceed using the one-time password (OTP). Following this, you can enter your personal details and one of our representatives will be in touch to guide you.
What repayment options are available for a business loan in Rohtak?
We offer flexibility when it comes to repaying your loan. 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 Rohtak?
At Shriram Finance, we aim to sanction the loan within a turnaround time of 2- 3 business days. However, the time taken can vary depending on factors, including the type of loan you choose and the amount of funding needed. Processing depends on the information provided, meeting the eligibility criteria, and the timely submission of the required documents.
What are the eligibility criteria for a startup business loan from Shriram Finance in Rohtak?
The eligibility requirements for a startup business loan from Shriram Finance are generally the same as for a regular business loan.
What is the minimum interest rate for a business loan in Rohtak?
The minimum interest rate starts 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.