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Business Loan in Sikar
Sikar's entrepreneurial spirit is driving growth and innovation, creating a demand for reliable financing solutions. Shriram Finance is here to provide business loans tailored to the needs of local enterprises. Starting at Rs.1 lakh* with competitive interest rates from 10%* p.a., these loans are designed for ease of access. The streamlined application process ensures quick approvals, so you can focus on what matters most, your business. Whether you need funding for expansion, equipment purchases, or working capital, Shriram Finance offers flexible repayment terms of up to 84 months. With options for both secured and unsecured loans and minimal collateral requirements, entrepreneurs can find the financial solutions they need to succeed.
Business Loan Types in Sikar
Shriram Finance delivers a diverse portfolio of secured and unsecured business loans tailored to varied commercial requirements in Sikar. Their extensive offering encompasses:
Features and Benefits of Business Loans in Sikar
For those in need of financial assistance to expand their business, Shriram Finance provides a seamless solution for obtaining a business loan. The 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 Sikar
Business loans from Shriram Finance start at interest rates of 10%* p.a. For detailed information regarding interest rates and applicable fees or charges, please see 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 Sikar
Eligibility and Documentation Criteria for Business Loans in Sikar
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 Sikar
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 Sikar
Shriram Finance provides unsecured business loans to emerging enterprises in Sikar, eliminating the need for collateral. Starting from Rs.1 lakh*, these loans encourage growth without requiring property or other assets as security. The straightforward online application process ensures that qualified businesses can access funds with ease. To qualify, businesses must demonstrate a minimum of 3 years of operation and submit the necessary documentation. The loan approval process is faster than that of traditional secured loans, offering competitive interest rates and adaptable repayment schedules. It's important for business owners to note that loan availability is dependent on specific location criteria and eligibility requirements.
Our Business Loan Branches in Sikar
Shriram Finance provides business loan services through its branch network in Sikar, ensuring that customers can conveniently apply for and manage their loans.
Locate Us
Business Loan Customer Care in Sikar
For inquiries about business loans in Sikar, you can reach out to Shriram Finance's customer support team via phone or visit a branch for comprehensive guidance.
Business Loan Status in Sikar
Track your loan request status seamlessly on Shriram Finance's website by entering your reference number. Their support staff is ready to provide immediate information about loan processing.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Sikar?
Eligible business structures include Partnership firms, Proprietorship firms, Private Limited companies, Public Limited companies, and Limited Liability Partnerships. Applicants must fall within the age bracket of 21 years to 65 years (not exceeding 65 years at loan conclusion). The loan is available to self-employed professionals, business owners, and proprietors who have maintained business operations for 3 years or more.
What is the interest rate on a business loan in Sikar?
Shriram Finance sets their business loan rates beginning at 10%* p.a. For a comprehensive breakdown of interest rates and associated charges, refer to the interest rate and charges section listed above.
How much loan can I get for my business in Sikar?
Business financing through Shriram Finance begins at Rs.1 lakh*. The upper limit is customised based on your business requirements and eligibility evaluation.
Can I apply for a business loan in Sikar?
Shriram Finance processes business loan applications in Sikar via their digital platform or through in-person visits to local branches.
What is the maximum loan tenure for a business loan in Sikar?
Unsecured business loans offer repayment periods from 12 to 48 months, while secured business loans extend from 12 – 84 months.
What is the processing time for a business loan in Sikar?
Loan processing requires approximately 2- 3 business days, subject to information verification, eligibility confirmation, and complete document submission.
What is the eligibility for a startup business loan in Sikar?
Startup ventures must meet Shriram Finance's standard business loan eligibility requirements.
What is the minimum interest rate for a business loan in Sikar?
The interest rates start 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.