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Business Loan in Thrissur
Thrissur, Kerala's vibrant commercial hub, offers diverse opportunities for business growth and expansion. Shriram Finance supports the local business community with customised loan solutions. Entrepreneurs can access loans starting from Rs.1 lakh* with competitive interest rates beginning at 10%* p.a.. Shriram Finance offers flexible repayment terms up to 84 months, accommodating various business cycles. With streamlined documentation and quick approvals, businesses can choose between secured and unsecured loans, tailored to meet specific requirements from working capital to business expansion.
Business Loan Types in Thrissur
Shriram Finance empowers businesses with a comprehensive suite of secured and unsecured business loans. The complete range includes:
Features and Benefits of Business Loans in Thrissur
Business growth in Thrissur receives support through Shriram Business Loans. Key advantages 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 Thrissur
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 Thrissur
Eligibility and Documentation Criteria for Business Loans in Thrissur
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 Thrissur
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 Thrissur
For Thrissur's growing businesses, Shriram Finance provides unsecured business loans from Rs. 1 lakh* upwards without requiring asset collateral. The digital application system ensures convenience, while flexible repayment options suit different business needs. Qualifying businesses must have 3 years of operations and submit necessary documentation. The program features competitive interest rates and quick processing, making it an attractive option for eligible enterprises, subject to location-specific criteria.
Our Business Loan Branches in Thrissur
Shriram Finance delivers business loan services through its branch establishment in Thrissur, making it convenient for customers to apply and manage their loans. Key locations include:
Locate Us
Business Loan Customer Care in Thrissur
For business loan assistance in Thrissur, connect with Shriram Finance's customer care team via phone or visit the branch for in-person support.
Business Loan Status in Thrissur
Loan application monitoring is available on the Shriram Finance website with the reference number. Customer care support provides current processing information. Shriram Finance delivers effective business funding solutions in Thrissur.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Thrissur?
Eligible entities include Partnership firms, Proprietorship firms, Pvt Ltd companies, Public Ltd companies, and LLPs. Applicants must be between 21 years to 65 years (not exceeding 65 years at loan maturity). Qualifying candidates include self-employed professionals, business owners, and proprietors with minimum 3 years of business operations.
What is the interest rate on a business loan in Thrissur?
Shriram Finance provides business loans with interest rates beginning at 10%* p.a. Comprehensive information about rates and applicable charges can be found in the charges section above.
How much loan can I get for my business in Thrissur?
Business loans from Shriram Finance start at Rs.1 lakh*. The maximum amount is based on business requirements and eligibility assessment.
Can I apply for a business loan in Thrissur?
Business loan applications in Thrissur are accepted through digital platforms or at Shriram Finance branch locations.
What is the maximum loan tenure for a business loan in Thrissur?
Unsecured business loans come with 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 Thrissur?
Loan processing typically takes 2- 3 business days, depending on information credibility, eligibility verification, and complete documentation.
What is the eligibility for a startup business loan in Thrissur?
Startup business loans through Shriram Finance follow the standard business loan eligibility criteria.
What is the minimum interest rate for a business loan in Thrissur?
Interest rates commence 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.