A Business Loan is a type of loan that doesn't require collateral and can be used for different purposes such as expanding your business, buying equipment, acquiring office space, covering rent or salaries, hiring employees, consolidating debts, managing inventory, boosting stock, investing in infrastructure, purchasing raw materials, or starting a new business. To apply for a business loan, lenders consider factors like your financial history, ability to repay the loan, and credit score. Additionally, below are the basic documents you'll need for a business loan application.
Get detailed information on the documents necessary to apply for various types of business loans, including Working capital loans, Overdrafts, Invoice discounting, Term loans, Letters of credit, machinery loans, and Loans under Government Schemes, is essential for a smooth application process.
Customer's gold ornaments are securely stored in a safe room constructed in compliance with government regulations. These rooms are equipped with electronic surveillance to ensure the protection of the gold.
Shriram Finance provides insurance for the gold kept as collateral by you. This ensures that in the event of theft, the borrower doesn't need to worry about the security of the gold.
The interest rate starts from 11.4% per annum (*p.a.) and you can select a loan tenure ranging from 1 month up to 12 months.
Salaried individuals, self-employed professionals, business owners, and other individuals aged between 18 and 75 years can apply for Shriram Finance Gold Loan.
The minimum age requirement is 18 years, and the maximum age limit is 75 years at the time of loan maturity.