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Business Loan in Sunam
Sunam, a thriving commercial hub with a strong agricultural and trading base, offers immense opportunities for business growth. Whether you need capital for expansion, purchasing new equipment, or managing working capital, a Business Loan in Sunam from Shriram Finance can be the perfect solution. Our loans come with competitive interest rates starting from 10%* p.a., flexible repayment options, and a quick approval process to ensure you get the funds you need without unnecessary delays. With our hassle-free digital application, securing a loan has never been easier. Empower your business with the right financial support. Explore how a Business Loan in Sunam can help you achieve your business goals today!
Business Loan Types in Sunam
Shriram Finance provides secured and unsecured business loans in Sunam, helping businesses at every stage.
Features and Benefits of Business Loans in Sunam
Shriram Finance offers business loans in Sunam, making it easier for business owners to secure the funds they need. Here's why it's a great option:
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 Sunam
For a clear understanding of the interest rates and applicable fees at Shriram Finance, see the table below.
| 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 Sunam
Eligibility and Documentation Criteria for Business Loans in Sunam
Who can apply?- Proprietorship firms
- Pvt ltd companies
- Partnership firms
- LLPs
- Public Ltd companies
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)
- Applicant PAN
- Business registration proof
- Business PAN
- Upload your selfie photograph
Step-by-Step Application Process for Business Loans in Sunam
Applying for Shriram Business Loan in Sunam 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 Sunam
Shriram Finance offers multiple types of unsecured business loan options, beginning at Rs.1 lakh*, helping businesses secure funds without collateral. These loans have flexible repayment structures and a simple online approval process. Businesses with 3 years of operations and necessary documentation can apply. Loan choices, such as term loans and credit lines, vary based on location.
Our Business Loan Branches in Sunam
Customers in Sunam can easily visit Shriram Finance branches to apply for loans or manage existing ones. Key locations include:
Locate Us
Business Loan Customer Care in Sunam
For any queries, Shriram Finance's customer care team is here to help. Reach out by phone or visit a branch for tailored support.
Business Loan Status in Sunam
Want to know the status of your personal loan application? Visit the Shriram Finance website and enter your reference number for instant updates. In Sunam, we make borrowing simple and hassle-free, so you can focus on reaching your financial goals.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Sunam?
Eligible entities in Sunam include partnership firms, proprietorship firms, private limited companies, public limited companies, and LLPs. Applicants should be between 21 years to 65 years old, with the loan term concluding before the age of65 years*. Self-employed individuals and business owners with at least 3 years of experience are also eligible.
What is the interest rate on a business loan in Sunam?
Shriram Finance offers business loans starting at an interest rate of 10%* p.a. For more information, please refer to the interest rate and charges section above.
How much loan can I get for my business in Sunam?
Business loans from Shriram Finance start at Rs.1 lakh*. The maximum loan amount is based on your business requirements and eligibility.
Can I apply for a business loan in Sunam?
Yes, you can apply for a business loan in Sunam. The application process is user-friendly and can be completed online or by visiting a branch.
What is the maximum loan tenure for a business loan in Sunam?
Unsecured business loans offer a tenure from 12 to 48 months, while secured loans provide a tenure between 12 – 84 months.
What is the processing time for a business loan in Sunam?
The approval time depends on the accuracy of the submitted information, meeting eligibility criteria, and providing the necessary documents.
What is the eligibility for a start-up business loan in Sunam?
The eligibility criteria for a start-up business loan in Sunam are generally similar to those for a regular business loan with Shriram Finance.
What is the minimum interest rate for a business loan in Sunam?
The minimum interest rate starts from 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.