Business Loan in Srikakulam
Lenders assess a business on its bank statements and returns far more than on its balance sheet. We look at how your account actually runs, tell you which lenders suit that profile, and where a secured option would give you a materially better rate.
- Rates from
- 11.00% p.a.*as published by YES Bank
- Amount
- Up to ₹75 lakh
- Tenure
- Up to 5 years
- Typical sanction time
- 5–15 days
- Lenders on panel
- HDFC Bank · ICICI Bank · Axis Bank · Kotak Mahindra Bank · YES Bank · IDFC First Bank · IndusInd Bank · Bandhan Bank · AU Small Finance Bank · Bajaj Finserv · Tata Capital · InCred Finance · L&T Finance · Piramal Finance · Aditya Birla Capital · Poonawalla Fincorp · Godrej Capital · Cholamandalam
Who it suits
When a business loan is the right answer
- Stock and working capital for traders and retailers
- Machinery and equipment purchase
- Opening a second location
- Meeting a large order or seasonal demand
What we do differently
On this product specifically
Unsecured and secured compared side by side
We show you both, with the real cost difference over the full tenure.
Government scheme routes
Where a MUDRA or CGTMSE-backed facility fits your case, we tell you.
GST and ITR based assessment
Clean filings materially improve your options. We tell you what to fix before applying.
Work out the EMI
What a business loan would cost you monthly
Set to typical values for this product. Adjust them, then carry the figures straight into your application.
10 lakh
48 months
Monthly EMI
₹25,846
19%of what you repay is interest
- Principal
- ₹10,00,000
- Total interest
- ₹2,40,585
- Total payable
- ₹12,40,585
Indicative only. Your actual EMI depends on the rate the lender sanctions.
Documents
What to bring for a business loan
Pick the description that fits you. Anything you cannot find, tell us — there is usually an alternative the lender will accept.
Everyone needs these
- PAN card
- Aadhaar card
- Two passport-size photographs
- Proof of current address — Aadhaar, electricity bill, rent agreement or passport
Income proof
- Income Tax Returns with computation of income, last 2–3 years
- Audited profit & loss account and balance sheet, last 2 years
- Last 12 months' bank statement of the current account
- GST returns for the last 12 months
Business proof
- GST registration certificate
- Shop & Establishment licence or Udyam registration
- Partnership deed or Memorandum & Articles of Association, as applicable
- List of directors or partners with their KYC
Do not have everything? Come in anyway — an incomplete set is enough for a first conversation, and we will tell you exactly what is still missing.
Other loans we arrange
* Lowest starting rate published by a lender on our panel (YES Bank), checked on 19 August 2026. Rates are indicative and are not an offer. The rate you are actually offered depends on your credit score, income, loan amount, tenure and the lender’s prevailing rates, and is confirmed only in the lender’s sanction letter. Processing, legal, valuation and other charges levied by the lender are additional and will be disclosed to you in writing before you proceed.
Varahi FinCare is a channel partner and not a lender; the loan is sanctioned at the sole discretion of the bank or NBFC.