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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:
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
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 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 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 Surat
Eligibility and Documentation Criteria for Business Loans in Surat
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 Surat
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 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:
Locate Us
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.
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
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.