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Business Loan in Sagar
Sagar is a growing hub for trade and entrepreneurship in Madhya Pradesh, where businesses require timely financial support to scale their operations. Whether it's for purchasing new machinery, managing working capital, or expanding into new markets, having access to the right funds can make all the difference. A Business Loan in Sagar from Shriram Finance provides funding starting from Rs.1 lakh*, with flexible repayment tenures. Choose from up to 84 months for secured loans and 12 to 48 months for unsecured loans, allowing you to plan your repayments conveniently. The process is designed to be simple, ensuring business owners get the financial support they need without unnecessary delays. Find out how a Business Loan in Sagar can support your growth. Read on!
Business Loan Types in Sagar
Shriram Finance offers a wide range of secured and unsecured business loans for your business needs in Sagar. These include:
Features and Benefits of Business Loans in Sagar
If you require financial aid to expand and grow your business, Shriram Finance is an ideal choice for availing of a hassle-free business loan. Some of the benefits are:
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 Sagar
For further details on interest rates and applicable fees/charges on business loan offered by Shriram Finance, refer to the details 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
₹ 1,00,000
Interest Payable
₹ 39,450
Monthly EMI
₹ 1,660
Eligibility and Documentation Criteria for Business Loans in Sagar
Eligibility and Documentation Criteria for Business Loans in Sagar
Who can apply?- Pvt ltd companies
- Partnership firms
- Proprietorship firms
- 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 Sagar
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 Sagar
Shriram Finance offers unsecured business loans from Rs.1 lakh* without collateral. Benefit from flexible tenures, attractive rates, and a hassle-free online application. Loans are subject to eligibility criteria, including a minimum of 3 years in business, and may vary by location.
Our Business Loan Branches in Sagar
Key locations of Shriram Finance in Sagar include:
Locate Us
Business Loan Customer Care in Sagar
Shriram Finance offers dedicated customer care services. Reach out today!
Business Loan Status in Sagar
To check the status of your personal loan application, visit our website and enter your application reference number. Choose Shriram Finance, for a smooth borrowing experience.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Sagar?
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 Sagar?
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 Sagar?
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 Sagar?
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 Sagar?
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 Sagar?
The loan approval time is 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 Sagar?
For a startup business loan in Sagar 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 Sagar?
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.