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Financing your small business is now just a click away with Shriram City’s Business Loan. Shriram City has a trusted legacy of 45 years, and we always believe in empowering the Micro, Small, and Medium Enterprise segment. Our business loans help to grow your business by investing in machinery, equipment, infrastructure, and other requirements of businesses.
Shriram City strives to give you the advantage of making your mark in today’s competitive world by providing you with customised business loans. We offer customised solutions for MSME, Hoteliers and professionals such as Doctors, Engineers and others. We offer a different solution to everyone’s unique requirements. Shriram City has a network of nearly 947 branches across the country, which enables us to render quality service at your doorstep and your convenience.
Business loan helps in meeting the working capital needs of Micro, Small Medium Businesses and Enterprises. Our loans can be availed in a hassle-free way with minimal documentation and at the competitive interest rate. With these unique features, Shriram City’s business loan is your friend in need at the time of your business requirement.
Easy working
capital availabilityWe offer business loans with interest rate starting from 15% basis on the eligibility of Micro, Small, Medium Enterprises and Professional Individuals. Shriram City’s business loan is your reliable ally in financing your business requirements, whether you require finance for a short durational plan or expanding your business infrastructure. Also, our portfolio has a wide spectrum, which enables us to meet your needs from Rs. 1,00,000/ to the need of large organizations of up to Rs. 1,00,00,000/.
Fast and secure
processingYou can apply online and our agents will contact you immediately to assist you in the loan application process. However, you can also walk-in into our nearest branch and apply. Once you meet all our credit eligibility requirements, the loan approval process will take place in the quickest possible time.
Competitive interest
ratesShriram City has customised loan solutions to offer each individual, a competitive interest rate based on each profile. Since, we understand each customer is different and hence, we treat every loan application as a unique business requirement.
Flexible
tenureThe tenure of Shriram City business loan starts from a minimum of 12 months to a maximum of 60 months. If you are facing interim financial problems, Shriram City provides you with the necessary funds to get your business back on the course of a successful path.
AccessibilityShriram City’s business loan is available for new as well as existing customers of the Shriram City Union Finance Limited. Our speciality is in catering to the unique segments of Micro, Small and Medium Enterprises which are unable to obtain funds from banks or other financial institutions.
Ease of paymentThe amount borrowed by you can be repaid through Equated Monthly Instalments (EMIs) regularly. You can set up ECS payments where the EMI will be debited automatically every month from your preferred bank account till the end of your loan tenure.
Shriram City has kept the eligibility requirements quite simple considering the dynamics of Micro, Small and Medium Enterprise business owners for faster processing and quick disbursal.
The applicant has to be in the same business for the last three years with a minimum turnover of Rs. 20 Lakhs
The applicant must have a valid business registration certificate
The applicant must give the declaration of existing credit obligations
The applicant must be living in the same residential address for at least a year
The borrower must provide a permanent residential proof
At the time of availing a loan, the age of the applicant should not be less than 23 years, time of maturity, age must not be greater than 65 years
Any other document as advised by Shriram City Union Finance
Business loans from Shriram City will help you to structure your businesses to match today’s fast-paced world. We help in developing your business to the next level by providing secure financing options with flexible repayment tenure along with a competitive interest rate.
Faster approvals of your business loan means you get your funds faster, allow you to carry forward your business. A timely loan can help you open up your horizons, accelerate your day to day operations, and eventually contribute to your profit ratio.
Shriram City’s business loan will let you manage your working capital without any difficulty. With an adequate working capital, it becomes easy for you to steer your business onto the growth path. This business loan will stop you from using your capital by providing a solution that can be repaid in easy instalments.
You can apply online for a Business loan, and our executives will get back to you for further processes as soon as possible.
Loan EMI
Total Interest Payable
Total Payment (Principal + Interest)
A business loan is a secured form of credit offered by Shriram City to Micro, Small and Medium Enterprises to tackle their working capital needs. Often, a business loan is also used for business expansions, infrastructure expansions, new equipment purchases, and other business activities.
To Apply online Click Here and provide your basic details, our executives will get in touch with you.
Yes, all business loans are secured in nature and you need to pledge your asset for a business loan. You can avail up to 60% loan of the pledged asset.
Yes, you can! Shriram City specializes in giving loans to individuals who have a low credit score or who cannot access formal lending institutions for their interim financial needs.
A loan foreclosure means repaying the outstanding principal amount in one single payment instead of regular monthly EMIs.
Yes, the foreclosure charges depend on the outstanding principal amount and the remaining tenure, it ranges from 3% to 6%.
You can foreclose your Business loan any time after paying your 6th monthly instalment. i.e. after 6 months of your loan tenure, you are eligible for loan foreclosure.
Your EMI amount will be communicated to you once your loan amount is approved and it will also be mentioned on the loan agreement documents. However, you can also check your estimated EMI amount by using our online business loan EMI calculator.
Typically, self-occupied residential, commercial properties are accepted as collateral. The approved loan amount may vary between 50% to 60% of the market value of the asset pledged. Please note that the value of collateral does not make you eligible for a loan. The free cash flow of your business will be the prime criterion in determining your eligibility.
Currently, the EMI due date is fixed for all customers.
Yes! Shriram City Union Finance is all-in-one products which you can use for many short-term functions such as working capital management, inventory management and purchasing equipment.
You can download the Shriram City app from the Play Store to check loan account details and pay your EMI online with ease. However, you can also log in to Customer Portal.
MSME loans can be defined as secured loans offered by several lending institutions. ..
August 25, 2020
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