stickyTab
Business Loan
Meet all your business needs with
Shriram Business Loans

Business Loan in Sambalpur

Sambalpur, an emerging commercial centre in Odisha, is filled with ambitious entrepreneurs and established businesses seeking expansion. Whether you're starting a new venture or growing your existing operations, access to timely funding is essential. Business loans in Sambalpur from Shriram Finance provide the financial support you need, with competitive interest rates starting from 10%* p.a. and loan amounts beginning at Rs.1 lakh*. Businesses often encounter challenges such as restricted financial access and infrastructural limitations. Shriram Finance addresses this by offering both secured and unsecured business loan options in Sambalpur, ensuring that business owners can invest in equipment, expand their premises, or efficiently manage their working capital. With flexible repayment terms extending up to 84 months and minimal paperwork, our loans are tailored to meet a variety of business requirements. Tracking your business loan status is straightforward with our transparent application process, facilitating quick disbursement so you can concentrate on expanding your business. Whether you're an SME, trader, or service provider, Shriram Finance supports your ambitions with reliable financial solutions.

Business Loan Types in Sambalpur

Shriram Finance offers a range of business loan solutions in Sambalpur to assist entrepreneurs and business owners in achieving their financial objectives. Our offerings include:

Trade Finance
Trade Finance
Offers financial backing for trading activities with options like letters of credit, invoice discounting, and export credit insurance.
Supply Chain Finance
Supply Chain Finance
Empowers businesses and suppliers to efficiently handle payments with flexible options at competitive rates, ensuring seamless operations.
Working Capital Loan
Working Capital Loan
Intended to cover vital operational costs, including inventory replenishment, equipment acquisitions, payroll, tax obligations, and other short-term expenses.
Startup Business Loan
Startup Business Loan
Assists new entrepreneurs in securing funds to launch or expand their businesses, covering expenses like equipment procurement, marketing initiatives, and product development.
MSME Loan
MSME Loan
Specifically designed for micro, small, and medium enterprises, this loan supports business growth, working capital management, and investments in equipment.
Shop Loan
Shop Loan
Provides financial aid to small retailers, boutiques, and shop owners for inventory purchases, operational costs, and business enhancements.
GST Business Loan
GST Business Loan
Tailored for businesses that depend on GST returns to maintain cash flow and effectively meet tax obligations.
Loan Without Financials
Loan Without Financials
Perfect for startups and businesses lacking formal financial statements, providing access to funds with minimal documentation.
Loan Without Financials
Business Loan for Women
Provides financial support for female entrepreneurs to establish, expand, and sustain their businesses with ease.

Features and Benefits of Business Loans in Sambalpur

Shriram Shriram Finance simplifies access to capital for business growth in Sambalpur with seamless, customised business loan solutions.

Online EMI Calculator

Online EMI Calculator

Accurately calculate your monthly payments with our easy-to-use online EMI Calculator.
Loans starting from Rs. 1 lakh*

Loans starting from Rs. 1 lakh*

Manage your business expenses with loans starting from Rs. 1 lakh*.
Secured & Unsecured Loans

Secured & Unsecured Loans

Shriram Finance offers both secured and unsecured business loan options, depending on your business location. Get an unsecured business loan at an interest rate of 12%*p.a. and secured business loan at 10%* p.a.
Quick Loan & Approvals

Quick Loan & Approvals

Expect a fast loan approval process to ensure your business needs are met on time. The approval time is about 2- 3 business days, based on the reliability of the information provided, meeting the requirements, and submission of the necessary documents.
Flexible Loan Tenure

Flexible Loan Tenure

Choose from a range of flexible tenure options. Secured Loans start from 12 – 84 months, and unsecured business loans range from 12 to 48 months.
Hassle-free Online Process

Hassle-free Online Process

Apply for your loan and get it approved online in a few simple steps.

Business Loan Interest Rates and Charges in Sambalpur

Shriram Finance offers business loans with competitive interest rates starting at 10%* p.a. Further details regarding interest rates, fees, and charges are provided below.

Type of Fees Applicable Charges
Interest RateCustomised interest rates starting from 10%* p.a.
Processing FeesUp to 5%*
Late Payment Fees36%* p.a on the Overdue Amount
Foreclosure ChargesUp 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

Loan tenure
months

Min 12 months

Max 84 months

Loan Summary

loangraph

Loan

Loan Amount

₹ 1,00,000

Interest Payable

₹ 39,450

Monthly EMI

₹ 1,660

Eligibility and Documentation Criteria for Business Loans in Sambalpur

Eligibility and Documentation Criteria for Business Loans in Sambalpur

  • Individual IconWho can apply?
    • Partnership firms
    • Proprietorship firms
    • Pvt ltd companies
    • Public Ltd companies
    • LLPs
  • Individual IconEligibility 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.
  • Individual IconDocuments Required:
    • Bank statement (6 months)
    • Business registration proof
    • Business PAN
    • Applicant PAN
    • Selfie Photograph

Step-by-Step Application Process for Business Loans in Sambalpur

Applying for Shriram Business Loan is a 5-step process:

How To Apply
  • Step 1

    Register using your mobile number
  • Step 2

    Enter loan details
  • Step 3

    Enter business details
  • Step 4

    Receive a verification call from us
  • Step 5

    Get your loan disbursed

Unsecured Business Loans in Sambalpur

Shriram Finance offers financial solutions to help businesses grow without the need for collateral. Shriram Finance provides unsecured business loans starting from Rs.1 lakh*, offering financial assistance to businesses in Sambalpur without needing to pledge any assets. These loans feature flexible repayment options and a streamlined online application process. Eligibility includes a minimum of 3 years in business. Since no assets need to be pledged, approvals are processed more swiftly, making it easier for businesses to secure the necessary funding. Whether your goal is to expand your operations or efficiently manage daily tasks, Shriram Finance ensures you receive the financial assistance required without the requirement of collateral.

Our Business Loan Branches in Sambalpur

Our business loan services are accessible in Sambalpur. We deliver customised financial solutions for local businesses, whether you're aiming to expand or manage daily expenses. Contact us to discover loan options that are tailored to your business needs.

Locate Us

or

  • ANDAMAN AND NICOBAR ISLANDS
  • ANDHRA PRADESH
  • ASSAM
  • BIHAR
  • CHANDIGARH
  • CHHATTISGARH
  • DADRA AND NAGAR HAVELI
  • DELHI
  • GOA
  • GUJARAT
  • HARYANA
  • HIMACHAL PRADESH
  • JAMMU AND KASHMIR
  • JHARKHAND
  • KARNATAKA
  • KERALA
  • Karnataka
  • MADHYA PRADESH
  • MAHARASHTRA
  • MANIPUR
  • MEGHALAYA
  • Madhya Pradesh
  • Maharashtra
  • ODISHA
  • PUDUCHERRY
  • PUNJAB
  • RAJASTHAN
  • SIKKIM
  • TAMIL NADU
  • TELANGANA
  • TRIPURA
  • Tamil Nadu
  • Telangana
  • UTTAR PRADESH
  • UTTARAKHAND
  • WEST BENGAL

Business Loan Customer Care in Sambalpur

Unsure about how to proceed with a business loan in Sambalpur? Shriram Finance provides dedicated customer support. Contact us via phone or visit a branch nearby for assistance.

Business Loan Status in Sambalpur

Checking your business loan status in Sambalpur is easy. Enter your reference number on our website for real-time updates. You can also contact our customer care team.

Business Loan FAQs

Who is eligible for a business loan in Sambalpur?

In Sambalpur, business loans are available to various entities: partnership firms, proprietorship firms, private and public limited companies, and LLPs. Eligibility criteria include being between 21 years to 65 years old at the time of application (the loan must be repaid before the applicant turns 65 years

What is the interest rate on a business loan in Sambalpur?

Shriram Finance offers competitive interest rates starting from 10%* p.a. Refer to the details above for any applicable charges.

How much loan can I get for my business in Sambalpur?

Loan amounts start at Rs.1 lakh*, with the maximum limit determined by business needs and eligibility.

Can I apply for a business loan in Sambalpur?

Yes, you can apply online or visit a Shriram Finance branch in Sambalpur for assistance.

What is the maximum loan tenure for a business loan in Sambalpur?

For unsecured loans, the tenure ranges from 12 to 48 months, while secured loans offer flexibility from 12 – 84 months.

What is the processing time for a business loan in Sambalpur?

Loan approvals typically take 2- 3 business days, depending on eligibility and documentation.

What is the eligibility for a startup business loan in Sambalpur?

Startup loan eligibility criteria are generally similar to those for standard business loans.

What is the minimum interest rate for a business loan in Sambalpur?

Shriram Finance provides business loans at interest rates starting 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.