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Business Loan in Solan
Solan is known for its rich history and strategic location. It is a growing centre for trade and commerce in Punjab. Whether you are expanding your business, upgrading equipment or managing working capital, having access to timely funding is essential. A Business Loan in Solan from Shriram Finance can help you meet your financial needs with ease. At Shriram Finance, we provide customised loan solutions with competitive interest rates starting from 10%* p.a. and flexible repayment options. Our quick approval process ensures that you get funds without unnecessary delays, allowing you to focus on business growth. With minimal paperwork and a hassle-free application, securing a loan has never been easier. Take the next step towards expanding your business with a Business Loan in Solan. Keep reading to learn more about our offerings!
Business Loan Types in Solan
Shriram Finance offers a range of secured and unsecured business loans in Solan to help businesses grow.
Features and Benefits of Business Loans in Solan
Expanding your business in Solan? Shriram Finance provides financial support with flexible business loans tailored to your needs.
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 Solan
The table below provides detailed information on the interest rates and charges associated with Shriram Finance.
| 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
âı 1,00,000
Interest Payable
âı 39,450
Monthly EMI
âı 1,660
Eligibility and Documentation Criteria for Business Loans in Solan
Eligibility and Documentation Criteria for Business Loans in Solan
Who can apply?- Proprietorship firms
- Pvt ltd companies
- Partnership firms
- 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
- Upload your selfie photograph
Step-by-Step Application Process for Business Loans in Solan
Applying for Shriram Business Loan in Solan 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 Solan
For businesses seeking financial support without pledging collateral, Shriram Finance offers different types of unsecured business loans, starting at Rs.1 lakh*. These loans come with easy repayment plans and a seamless online approval process. Eligible businesses operating for 3 years with the required documents can apply. Available loan types vary by location.
Our Business Loan Branches in Solan
Shriram Finance branches in Solan are strategically located, making loan application and management hassle-free for customers. Key locations include:
Locate Us
Business Loan Customer Care in Solan
Shriram Finance offers dedicated customer care services. Please can reach out via phone or visit any branch for personalised support.
Business Loan Status in Solan
Checking your personal loan application status is easy. Just go to our website and enter your reference number to get real-time updates. Shriram Finance in Solan ensures a smooth and transparent borrowing experience, helping you meet your financial needs effortlessly.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Solan?
In Solan, partnership firms, proprietorship firms, private limited companies, public limited companies and LLPs can apply for a business loan. Applicants must be aged between 21 years to 65 years of experience are eligible.
What is the interest rate on a business loan in Solan?
Shriram Finance offers business loans with interest rates starting from 10%* p.a. For detailed information, please refer to the interest rate and charges section above.
How much loan can I get for my business in Solan?
The minimum loan amount provided by Shriram Finance is Rs.1 lakh*. The maximum amount is determined based on your business needs and eligibility.
Can I apply for a business loan in Solan?
Yes, you can apply for a business loan in Solan. Shriram Finance offers a simple application process, available both online and at local branches.
What is the maximum loan tenure for a business loan in Solan?
Unsecured business loans have a tenure ranging from 12 to 48 months, while secured loans offer a tenure between 12 â 84 months.
What is the processing time for a business loan in Solan?
The processing time depends on the accuracy of the information provided, adherence to eligibility criteria and submission of all required documents.
What is the eligibility for a startup business loan in Solan?
The eligibility requirements for a startup business loan in Solan are generally the same as those for a standard business loan with Shriram Finance.
What is the minimum interest rate for a business loan in Solan?
The minimum 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.