- Gold Price
Gold | 24k (999 Purity)
Silver | 24k (999 Purity)
- Profile IconRegister / Login
Notifications5
Terms and Conditions
Business Loan in Silchar
Silchar, a key commercial hub in Assam, is known for its thriving trade, tea industry, and small businesses. Entrepreneurs here often require financial assistance to expand their businesses, invest in equipment, or manage day-to-day operations. A Business Loan in Silchar from Shriram Finance can provide the right financial support to help businesses grow. Shriram Finance offers customised loan solutions, catering to the specific needs of local businesses. Whether you need funds for inventory, machinery, or business expansion, our loans come with flexible repayment options and competitive terms. The application process is simple, ensuring quick access to funds when required.
Business Loan Types in Silchar
Shriram Finance provides a diverse array of secured and unsecured business loan options, carefully structured to cater to the unique financial requirements of businesses operating in Silchar. These encompass:
Features and Benefits of Business Loans in Silchar
For entrepreneurs in Silchar seeking financial assistance to facilitate the expansion of their business operations, Shriram Finance emerges as a premier choice for securing a straightforward business loan application. Key advantages 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 Silchar
Interest rates for Shriram Finance unsecured business loan solutions in Silchar begin at 12%*p.a For detailed information on interest rates and applicable fees, please consult the specifics 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
âı 1,00,000
Interest Payable
âı 39,450
Monthly EMI
âı 1,660
Eligibility and Documentation Criteria for Business Loan in Silchar
Eligibility and Documentation Criteria for Business Loan in Silchar
Who Can Apply- Pvt Ltd companies
- Partnership firms
- LLPs
- Public Ltd companies
- 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- Business registration proof
- Applicant PAN
- Selfie Photograph
- Bank statement (6 months)
- Business PAN
Step-by-Step Application Process for Business Loans in Silchar
Submitting an application to apply business loan in Silchar with Shriram 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 Silchar
Shriram Finance is well-equipped to support emerging businesses with its unsecured business loan, which requires no collateral. This type of business loan allows business owners to acquire funding without needing to pledge any assets. With Shriram Finance, an unsecured business loan to address various business needs is within reach. Unsecured business loans from Shriram Finance are designed with accommodating repayment periods and competitive interest rates. The application process is streamlined and hassle-free. These loans offer distinct advantages, including no collateral requirements, a swift approval process, and favourable credit terms. Businesses operational for at least 3 years and able to provide the required documentation can be eligible for an unsecured business loan from Shriram Finance. The availability of unsecured business loans may vary depending on the business location.
Our Business Loan Branches in Silchar
Shriram Finance maintains Business Loan Branches in Silchar, affording clients ease in application and loan management:
Locate Us
Business Loan Customer Care in Silchar
For all queries or aid concerning a business loan in Silchar, Shriram Finance avails dedicated Business Loan Customer Care in Silchar services. Contact can be established via telephone or a visit to any branch for individualised assistance.
Business Loan Status in
For updates on your business loan application, please visit our website and input your application reference number. Real-time updates on your loan processing status are also available from our customer care team. With Shriram Finance, a smooth borrowing experience designed to meet your financial goals in Silchar is attainable.
Business Loans in Major Cities
Business Loan FAQs
Who qualifies for a business loan in Silchar?
If you operate a partnership, sole proprietorship, private limited company, public limited company, or a Limited Liability Partnership (LLP), you're welcome to apply for a business loan. The key applicant should be between 21 years to 65 years of age, ensuring they aren't older than 65 years
What is the interest rate applied to a business loan in Silchar?
The interest rate we offer for Shriram Finance business loans starts at 10%* p.a. For a detailed look at interest rates and any applicable fees or charges, please consult the interest rate and charges section.
What is the potential funding I could secure for my business in Silchar?
Business loans through Shriram Finance begin at Rs.1 lakh*. The specific amount available hinges on variables like the particular needs of your business and your eligibility. For unsecured loans, the interest rate is 12%*p.a, while secured business loans offer a rate of 10%* p.a.
How can I submit my application for a business loan in Silchar?
Getting your application in for a Shriram Finance business loan is straightforward. You can conveniently apply online or pay a visit to one of our branches in person.
What repayment options are available for my business loan in Silchar?
We provide a flexible approach to loan repayment, with durations ranging from 12 to 48 months for unsecured business loans, and extending to 84 months for secured business loans.
What is the typical processing timeline for a business loan in Silchar?
We aim to streamline the loan approval process, typically achieving this quickly. The exact timeline depends on factors such as the accuracy of the information you furnish, fulfilment of eligibility criteria, and the prompt submission of required documents.
What are the essential requirements for a startup business loan in Silchar?
If you're seeking a startup business loan via Shriram Finance in Silchar, you'll generally find the requirements align with those of our standard business loan offerings.
What is the benchmark for interest rates on business loans in Silchar?
Interest rates begin 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.