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Business Loan in Siliguri

Siliguri, West Bengal's strategic business hub, offers diverse opportunities for entrepreneurial growth. Shriram Finance empowers local businesses with comprehensive loan solutions designed for various business needs. Access to capital plays a crucial role in business growth, expansion, and operational efficiency. Shriram Finance delivers business loans starting from Rs.1 lakh*, with competitive interest rates beginning at 10%* p.a. These loans accommodate multiple business requirements - from working capital management to expansion plans. With flexible repayment terms extending up to 84 months and streamlined documentation, Shriram Finance offers both secured and unsecured business loans, ensuring quick access to funds for diverse business needs.

Business Loan Types in Siliguri

Shriram Finance extends a comprehensive suite of secured and unsecured business loans to fulfill varied business requirements. The extensive selection includes:

Startup Business Loan
Startup Business Loan
Designed to assist in raising capital and developing existing businesses. It can cover startup costs like purchasing resources and equipment, marketing expenses, or developing new products. It's particularly helpful for startups that may not have a unique credit history, with loan amounts, tenure, and interest rates determined based on the borrower's credit and turnover.
Working Capital Loan
Working Capital Loan
Designed to help business owners pay for immediate operational needs, such as purchasing inventory, hiring and training new employees, buying equipment or supplies, paying taxes, managing payroll, and taking care of other short-term operational expenses.
MSME Loan
MSME Loan
Offered to help micro, small, and medium-scale entrepreneurs meet various business expenditures. These loans can be used to finance working capital, equipment purchases, and business expansion.
Shop Loan
Shop Loan
Specifically designed to help small retail businesses, such as shops, boutiques, and convenience stores, finance their operations and growth. These loans can cover working capital, inventory purchases, equipment upgrades, and marketing expenses.
Trade Finance
Trade Finance
Offered to support trading activities and related expenses, encompassing a wide array of financial products like letters of credit, invoice factoring, and export credit insurance.
Supply Chain Finance
Supply Chain Finance
Provides flexible payment alternatives to both buyers and suppliers at competitive financing rates to ensure the smooth functioning of a business.
GST Business Loan
GST Business Loan
Offered to business owners based on their GST returns, with the loan amount determined appropriately. This type of financing is specifically designed to help businesses manage their Goods and Services Tax (GST) payments.
Business Loan for Women
Business Loan for Women
Specifically designed to help women entrepreneurs start or grow their businesses. These loans may be offered to women-owned businesses of all sizes and stages of growth.
Business Loan for Women
Loan Without Financials
Designed for businesses that have difficulty providing traditional financial documentation, such as startups, small businesses, or businesses with poor credit. It does not require the borrower to provide detailed financial statements or other documentation of their financial status.

Features and Benefits of Business Loans in Siliguri

Seeking financial assistance for business growth in Siliguri? A Shriram Business Loan delivers comprehensive funding solutions tailored to local business needs. Key features include:

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 Siliguri

Interest rates for Shriram Finance business loans start from 10%* p.a. For detailed information on interest rates and applicable fees/charges, refer to the details 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 Siliguri

Eligibility and Documentation Criteria for Business Loans in Siliguri

  • 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 Siliguri

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 Siliguri

For growing businesses in Siliguri, Shriram Finance offers collateral-free business loans starting at Rs. 1 lakh*. This financing solution enables quick access to capital without the need to pledge business or personal assets. The digital application system ensures convenience, while flexible repayment structures accommodate different business needs. To access these funds, businesses should have 3 years of operational history and complete documentation. The streamlined approval process and competitive terms make this an attractive option, subject to location-specific eligibility in Siliguri.

Our Business Loan Branches in Siliguri

Shriram Finance operates a branch network in Siliguri to serve business loan customers. Key locations include:

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 Siliguri

For queries regarding business loans in Siliguri, reach out to Shriram Finance's dedicated support team via phone or schedule a branch visit for personalised guidance.

Toll Free

Business Loan Status in Siliguri

Applicants can monitor loan status on the Shriram Finance website using the reference number. The customer care team provides current processing updates. Shriram Finance ensures seamless lending solutions tailored to Siliguri's business community.

Business Loans in Major Cities

Business Loan in Chennai
Business Loan in Mumbai
Business Loan in Pune
Business Loan in Indore

Business Loan FAQs

Who is eligible for a business loan in Siliguri?

Business loan applicants can be Partnership firms, Proprietorship firms, Pvt Ltd companies, Public Ltd companies, and LLPs. Age requirement is 21 years to 65 years (must not be over65 years at loan maturity). Eligible candidates include self-employed individuals, business owners, and proprietors with minimum 3 years in business.

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

Shriram Finance provides business loans with interest rates beginning at 10%* p.a. Complete details on interest rates and other charges are listed in the fees section above.

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

The minimum business loan amount offered by Shriram Finance is Rs.1 lakh*. The maximum sanctioned amount varies according to business requirements and eligibility criteria.

Can I apply for a business loan in Siliguri?

Prospective borrowers can submit business loan applications in Siliguri through online modes or at Shriram Finance branches.

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

Unsecured business loans come with tenure options of 12 to 48 months, while secured business loans extend from 12 – 84 months.

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

The approval process takes approximately 2- 3 business days, depending on information verification, eligibility confirmation, and submission of required documents.

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

Startup ventures seeking business loans from Shriram Finance must meet the standard business loan eligibility criteria.

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

The base interest rate begins 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.