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Business Loan in Srikakulam
Srikakulam's strong agricultural sector and growing trade offer excellent opportunities for business development. To seize these opportunities, timely financial support is crucial. Business loans in Srikakulam from Shriram Finance provide tailored solutions to meet diverse business needs. We offer loan amounts starting at Rs.1 lakh* and competitive interest rates from 10%* p.a., with secured and unsecured options available. The application process is simple, requiring minimal paperwork, and approvals are fast. Flexible repayment plans make it easy to manage repayments. Whether you want to expand trading activities, invest in equipment, or cover operating costs, our business loans can support your growth while boosting Srikakulam's local economy.
Business Loan Types in Srikakulam
Choose from a wide range of business loan types in Srikakulam, tailored to meet different business requirements:
Features and Benefits of Business Loans in Srikakulam
Discover the key features and benefits of business loans in Srikakulam:
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 Srikakulam
Shriram Finance provides competitive business loan interest rates in Srikakulam, starting from 10%* p.a. See the section below for complete information on rates and applicable charges.
| 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 Srikakulam
Eligibility and Documentation Criteria for Business Loans in Srikakulam
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 Srikakulam
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 Srikakulam
Businesses in Srikakulam searching for accessible financing can count on Shriram Finance. Our unsecured business loans provide funds starting from Rs.1 lakh* without the need for collateral. Take advantage of competitive interest rates and flexible repayment plans that align with your business objectives. With an easy online application process and quick approvals, getting the required funds becomes seamless. To apply, businesses must have at least 3 years of operational history and submit the necessary documentation.
Our Business Loan Branches in Srikakulam
Shriram Finance has its presence in Srikakulam offering business loan solutions. Visit us and explore how we can support your business.
Locate Us
Business Loan Customer Care in Srikakulam
Need support with a business loan in Srikakulam? Shriram Finance provides trustworthy customer assistance. Contact us by phone or visit a branch for personalised financial advice.
Business Loan Status in Srikakulam
Checking your business loan status in Srikakulam is quick and easy. Enter your reference number on our website for instant updates or speak with our friendly customer care representatives for more details.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Srikakulam?
Shriram Finance offers business loans in Srikakulam to Proprietorship firms, Partnership firms, Pvt Ltd companies, Public Ltd companies, and LLPs. Applicants should be aged between 21 years to 65 years, with at least 3 years of operational experience.
What is the interest rate on a business loan in Srikakulam?
Interest rates begin at 10%* p.a. You can check the charges section for detailed information.
How much loan can I get for my business in Srikakulam?
The loan amount starts from Rs.1 lakh*, and the upper limit depends on your business's profile and funding requirements.
Can I apply for a business loan in Srikakulam?
Yes! Apply online or visit the nearest Shriram Finance branch, it's quick and easy.
What is the maximum loan tenure for a business loan in Srikakulam?
Unsecured loans have tenures of 12 to 48 months, while secured loans are available for 12 – 84 months.
What is the processing time for a business loan in Srikakulam?
Loan processing usually takes 2- 3 business days, depending on document verification and eligibility.
What is the eligibility for a startup business loan in Srikakulam?
The eligibility requirements for startup loans are generally the same as those for regular business loans.
What is the minimum interest rate for a business loan in Srikakulam?
The minimum interest rate starts 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.