Non Corporate Small Business Loans

Shriram City Union Finance started offering customized loans to the Small Enterprise segment in 2006, and since then, has continually focused on widening its customer base for this product. The small enterprises segment comprises of self-employed professionals, wholesale and retail dealers, merchants, builders, small and medium scale manufacturing concerns, catering services, tour operators, etc. Loans are customized to suit the requirements of the customers after having assessed and understood their business model.

Shriram City Union Finance believes that the small enterprises finance segment is still largely under banked, and most of the lending in this sector has traditionally been addressed by the unorganized players in various regions in India. Shriram City Union Finance expects the small enterprise segment which contributes 17% of India’s GDP to grow significantly in the coming years.

Basic product features and Eligibility criteria*

Eligibility

  • Individuals : Age - 21 to 58 years of age
  • Self employed inviduals
  • Professionals
  • Sole proprietorships / Partnerships / Limited and private Limited companies

Basic Product Features

  • Minimum years in Business - 2 years
  • For minimum income criteria, please do visit our nearest branch
  • Business Registration Certificate
  • Loan amount to be utilized for business purposes
  • Annual Income requirement will be based on the loan amount
  • No Cheque bounces in Bank statements
  • Declaration of existing loan commitments
  • Should be in the same residence for a minimum period of 1 year
  • Minimum Tenor - 12 Months

Documents Required

  • Any business registration Certificate
  • Valid Identity Proof - as per RBI norms
    • A valid Identity Proof will be any one of the following
    • Passport
    • Driving Licence
    • Voter ID Card
    • Aadhar Card
    • PAN Card
  • Valid Address Proof - as per RBI norms
    • A valid address Proof will be any one of the following
    • Passport
    • Driving Licence
    • Ration Card
    • Gas Bill with Gas book
  • Recent Passport size colour photographs
  • Income Proof Documents
  • Bank Statement for last 6 months
  • Post Dated Cheques and Electronic Clearing Mandates
  • PAN Card
  • Legal Documents as stipulated by Shriram City Union Finance Limited
  • Collateral Security pledge / hypothecation / Mortgage - Original documents required
  • Any other document as advised by Shriram City Union Finance

Interest and Charges

  • Based on the schemes selected by the borrower

Draft Agreement

Language Draft Agreement
Tamil Click here
Hindi Click here
Telugu Click here
English Click here

* Fulfilling the above criteria does not amount to loan eligibility. All Loans are subject to Approval by Shriram City Union Finance Limited after sighting of original documents, successful verification and appraisal processes.