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Business Loan in Varanasi
Varanasi displays steady business advancement across sectors. Shriram Finance strengthens business growth through comprehensive loan solutions tailored to diverse enterprise needs. Timely capital accessibility proves instrumental for business development, operational efficiency, and expansion plans. Shriram Finance extends business loans starting from Rs.1 lakh*, with competitive interest rates beginning at 10%* p.a.. The loan offerings accommodate varied business requirements, from working capital to growth initiatives. Through simplified documentation and quick processing, Shriram Finance provides both secured and unsecured business loans. The flexible repayment terms up to 84 months facilitate effective financial management for businesses.
Business Loan Types in Varanasi
Shriram Finance delivers versatile business financing solutions in Varanasi through secured and unsecured loan offerings.
Features and Benefits of Business Loans in Varanasi
When looking for financial assistance in Varanasi, Shriram Finance stands as a trusted provider of business loans. Consider these significant benefits:
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 Varanasi
Business loan interest rates start at 10%* p.a. Comprehensive information on interest rates and applicable fees/charges is available 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 Varanasi
Eligibility and Documentation Criteria for Business Loans in Varanasi
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 Varanasi
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 Varanasi
For Varanasi's ambitious enterprises, Shriram Finance extends unsecured business credit facilities that eliminate collateral requirements. Starting from Rs. 1 lakh*, these financial instruments promote business development while keeping assets unencumbered. A sophisticated online platform facilitates straightforward fund access for qualified applicants.Qualification criteria include 3 years of established operations and complete documentation submission. The accelerated processing system offers quicker approvals than conventional secured loans, coupled with competitive interest offerings and customisable repayment schedules. Business operators in Varanasi should confirm local eligibility requirements and loan specifications.
Our Business Loan Branches in Varanasi
Obtain business loan services via the branch establishment in Varanasi, facilitating easy loan application and management. Key locations include:
Locate Us
Business Loan Customer Care in Varanasi
For business loan assistance in Varanasi, reach out to customer care by phone or visit the local branch for personalised support.
Business Loan Status in Varanasi
Check loan application progress on the website with the application reference number. Connect with the customer care team for immediate processing updates. Access efficient borrowing solutions designed for local business requirements in Varanasi.
Business Loans in Major Cities
Business Loan FAQs
Who is eligible for a business loan in Varanasi?
Eligible organisations include Partnership firms, Proprietorship firms, Private Limited companies, Public Limited companies, and LLPs. Applicants should be 21 years to 65 years old (not exceeding 65 years at loan maturity). Qualified applicants include self-employed professionals, business owners, and proprietors with minimum 3 years operational experience.
What is the interest rate on a business loan in Varanasi?
Shriram Finance extends business loans with rates starting at 10%* p.a. Find detailed rate and charge information in the charges section.
How much loan can I get for my personal needs in Varanasi?
The minimum business loan amount starts at Rs.1 lakh*. Your final approved amount will reflect your eligibility assessment and requirements.
Can I apply for a business loan in Varanasi?
Access business loan applications through Shriram Finance's digital platforms or their Varanasi branch offices.
What is the maximum loan tenure for a business loan in Varanasi?
Unsecured business loans offer 12 to 48 months tenure, while secured business loans extend from 12 – 84 months.
What is the processing time for a business loan in Varanasi?
Loan processing typically requires 2- 3 business days, depending on verification, eligibility, and documentation completeness.
What is the eligibility for a startup business loan in Varanasi?
Startup business loans follow Shriram Finance's standard eligibility guidelines.
What is the minimum interest rate for a business loan in Varanasi?
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.