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Business Loan
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Shriram Business Loans
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Business Loan in Surat

Surat presents diverse opportunities for business growth. Shriram Finance supports this dynamic business ecosystem with comprehensive loan solutions. Businesses can access loans starting from Rs.1 lakh* with competitive interest rates from 10%* p.a.. These business loans feature minimal documentation requirements and quick approvals, essential for today's fast-paced business environment. With flexible repayment terms up to 84 months and options for both secured and unsecured loans, Shriram Finance enables businesses to seize growth opportunities effectively.

Business Loan Types in Surat

Shriram Finance offers an extensive selection of secured and unsecured business loans designed to meet varied business needs. The complete array includes:

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.
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.
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.
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.
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.
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.
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.
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.
Loan Without Financials
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 Surat

Entrepreneurs in Surat can fuel business growth with a Shriram Business Loan. Key benefits 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 Surat

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 Surat

Eligibility and Documentation Criteria for Business Loans in Surat

  • 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 Surat

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 Surat

Growing enterprises in Surat can access Shriram Finance's unsecured business loans, which begin at Rs. 1 lakh* without asset pledging requirements. The digital application process ensures quick and convenient access to funds. These loans feature competitive rates and flexible repayment terms tailored to business needs. Eligibility requires 3 years of business operations and comprehensive documentation. The expedited approval process makes this an attractive option for qualified businesses, subject to location-specific criteria in Surat.

Our Business Loan Branches in Surat

Shriram Finance has multiple branches across Surat, making it convenient for customers to apply and manage their loans. Key locations include:

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  • 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 Surat

For any inquiries or assistance regarding a business loan in Surat, Shriram Finance offers dedicated customer care services. You can reach out via phone or visit any branch for personalised support.

Toll Free

Business Loan Status in Surat

Business owners can check application status on the Shriram Finance website using the reference number. Customer care support delivers processing updates. The loan experience is customised to meet business requirements in Surat.

Business Loans in Major Cities

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

Business Loan FAQs

Who is eligible for a business loan in Surat?

Eligible entities include Partnership firms, Proprietorship firms, Pvt Ltd companies, Public Ltd companies, and LLPs. Age requirements specify 21 years to 65 years (not exceeding 65 years at loan maturity). Qualification extends to self-employed individuals, business owners, and proprietors with minimum 3 years business experience.

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

Shriram Business Loan rates commence from 10%* p.a. Complete information about interest rates and applicable fees/charges is available in the interest rate and charges section above.

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

Shriram Finance offers business loans beginning at Rs.1 lakh*. Final loan amounts are determined by business needs and eligibility assessment.

Can I apply for a business loan in Surat?

Business loan applications in Surat can be submitted through online channels or at Shriram Finance branches.

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

Unsecured business loans offer tenures from 12 to 48 months, while secured business loans extend from 12 – 84 months.

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

The approval process spans approximately 2- 3 business days, based on information credibility, eligibility fulfilment, and document submission.

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

Startup business loans from Shriram Finance follow the standard business loan eligibility parameters.

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

Interest rates begin 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.