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Business Loan in Sitamarhi
Sitamarhi, known for its agricultural base and growing local markets, offers numerous opportunities for small and medium businesses. For business owners here, timely financial backing plays a crucial role in sustaining and scaling operations. Business loans in Sitamarhi offered by Shriram Finance provide accessible funding solutions tailored to your needs. Starting from Rs.1 lakh* at competitive interest rates from 10%* p.a., our loans come with secured and unsecured options. The application process is simple with minimal documentation. Quick approvals ensure you get funds without unnecessary delays. Flexible repayment plans allow you to repay as per your business's cash flow. Whether you aim to upgrade equipment, expand inventory, or explore new ventures, our financial support helps you take the next step confidently. With Shriram Finance by your side, you can contribute to Sitamarhi's growing business landscape.
Business Loan Types in Sitamarhi
Explore the different business loan types in Sitamarhi, designed to suit diverse business requirements:
Features and Benefits of Business Loans in Sitamarhi
Discover the key advantages of securing a business loan from Shriram Finance:
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 Sitamarhi
The table below outlines the interest rates and associated fees for Shriram Finance's business loans in Sitamarhi. Reviewing these details will help you make an informed financing choice.
| 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 Sitamarhi
Eligibility and Documentation Criteria for Business Loans in Sitamarhi
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 Sitamarhi
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 Sitamarhi
For young and growing businesses in Sitamarhi seeking capital to expand or manage operations, Shriram Finance offers unsecured business loans. These loans provide easy access to funding without the burden of collateral. You can secure amounts starting from Rs.1 lakh* without pledging any assets. Benefit from competitive interest rates that help manage your costs and flexible repayment schedules tailored to your business's cash flow. The online business loan application process is streamlined and user-friendly. This results in faster approvals and suitable credit terms. To qualify, businesses in Sitamarhi must have been operational for at least 3 years and provide the required documents.
Our Business Loan Branches in Sitamarhi
Shriram Finance has been a trusted partner for businesses in Sitamarhi, providing dependable financial solutions. Whether you plan to grow your business or streamline operations, we are here to assist.
Locate Us
Business Loan Customer Care in Sitamarhi
For personalised business loan assistance in Sitamarhi, connect with Shriram Finance. You can reach out to our customer care team or visit the nearest branch.
Business Loan Status in Sitamarhi
Track your business loan status in Sitamarhi anytime by entering your reference number on our website. Alternatively, you can speak with our customer care representatives for updates.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Sitamarhi?
Businesses operating as sole proprietorships, limited liability partnerships (LLPs), partnerships, and private or public limited companies within Sitamarhi are welcome to apply. Applicants must be between 21 years to 65 years of age and have a minimum of 3 years in business.
What is the interest rate on a business loan in Sitamarhi?
Interest rates for business loans in Sitamarhi are competitive, starting at 10%* p.a. For a complete breakdown of potential fees and charges, please consult the section above.
How much loan can I get for my business in Sitamarhi?
Loan amounts start at Rs.1 lakh*. The maximum loan amount available will depend on your business's specific needs and your eligibility assessment.
Can I apply for a business loan in Sitamarhi?
Yes, you can apply for a business loan in Sitamarhi either online or in person at the Shriram Finance branch located in Sitamarhi.
What is the maximum loan tenure for a business loan in Sitamarhi?
Repayment periods for secured business loans can range from 12 – 84 months. Unsecured loans offer tenures of 12 to 48 months.
What is the processing time for a business loan in Sitamarhi?
The typical processing time for a business loan is 2- 3 business days. This timeframe can vary depending on the completeness of your documentation and your business loan eligibility.
What is the eligibility for a startup business loan in Sitamarhi?
The eligibility criteria for startup business loans in Sitamarhi are the same as those for standard business loans.
What is the minimum interest rate for a business loan in Sitamarhi?
Shriram Finance offers business loans in Sitamarhi with competitive interest rates, beginning 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.