Shriram Finance Business Loan

Please Note: Shriram City Finance is not a Paisabazaar partner. Offers would be from partner banks/NBFCs only.

Shriram City Finance has been offering customized loan products to Small Enterprise Segment at attractive interest rates. The Shriram City Finance provides funding to various small enterprise segments, such as self-employed individuals and professionals, wholesale suppliers, retailers, all types of merchants, builders, various catering services, tour and travel operators and most importantly the SMEs.

Interest rates offered by Shriram City Finance depends on the loan scheme opted by the applicant.

The Shriram City Union Finance provides flexible financing options along with convenient and relax-able repayment options through Equated Monthly Instalments (EMIs).

Eligibility Criteria

There are a predefined set of eligibility criteria that needs to be fulfilled by the applicant at time of application and must provide all the relevant and authentic documentation in order to prove the originality of the statements made.

• All the eligible applicants must fall under the age category of 21 years at time of submission of loan application to a maximum of 58 years of age at time of loan maturity
• Applicants for the loan should be self-employed individuals
• Applicants for non-corporate business loans must be professionals with the desired level and amount of qualification and experience
• The basic eligibility criteria and categories for the type of establishment fall into the given categories, such as sole proprietorships, partnerships, limited and private limited companies and start-up enterprises

Calculate you Monthly EMI on – Business Loan EMI Calculator

Features of Small Business Loan offered by Shriram City Finance

The Shriram finance provides a small business loan with extensive features along with various other advantages and benefits, such as flexible repayment option extended till the feasible duration of time intervals etc. Some of the key features are listed below:

• The applicant must be conducted any business or must inherit the business experience of a minimum duration of two years
• There is a minimum income criterion that is fixed according to the requirement of the loan
• The business registration certificate is mandatory
• The loan amount must only to be utilised for the purpose of conducting business
• Any type of illegal activities, such as misuse of loan and bouncing of the cheque will be considered a legal offence and is punishable under law
• Mandatory for the applicants to declare all the existing loan commitments
• The applicant must provide original residence proof for a stay of 1 year and above at the same location
• The minimum tenor of the business loan provided is of 1 year

Documents Required

There is a requirement for various legal documents to be submitted at the time of loan application for assessment and authentication procedures. The documents must be original and duly attested by the very individual.

• Valid Identity and Address Proof, including Passport, Driving license, Gas bill with Gas book, Electricity Bill, Voter’s ID card, Aadhar card, PAN card
• Duly filled application form with recent passport size colour photographs
• Proof of income
• Bank statement of the last 6 months
• Last 3 years’ balance sheet
• Post Dated Cheques and Electronic Clearing Mandates (ECS)
• Original documents of the collateral pledge of security / Mortgage / hypothecation
• Any additional documents as per the advisory of Shriram City Union Finance Ltd.

Types of loans provided by Shriram City Finance

Shriram city union finance provides various types of loans and related products that are availed by millions of loan seekers spread across India. Some of the popular and most sought after loan categories are given below.

• Non Corporate Small Business Loan: Shriram finance provides small business loans with flexible repayment options and provides attractive interest rates as compared to competitors
• Two Wheeler Loan: The union provides extensively planned two-wheeler loans at feasible amounts that can be payback through reasonable EMIs
• Gold Loan: The Shriram City Finance offers gold loans with competitive interest rates and maximum benefits along with very feasible mortgage amount
• Personal Loan: The company provides all sort of financial assistance to the eligible applicants for personal reasons
• Home Loan: The Shriram is reputed in the market to provide a great opportunity for every earning individual to earn a house by feasible home loans at affordable interest rates

Checking the status and updates of your Shriram City Finance Small Business Loan

There are two modes where the status of the loan can be checked very easily and conveniently.

• Shriram online and mobile portal
• Offline branches spread across India