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Business loan by Shriram City finances your small business requirements. The company has a trusted legacy of 45 years. We believe in empowering the micro, small, and medium enterprises. Our commercial loans help grow your business by investing in machinery, equipment, infrastructure, and other requirements.
Shriram City assists you in making your mark in today’s competitive world by providing a customized MSME loan in India. We offer solutions for MSME, hoteliers and professionals such as doctors, engineers and others. With nearly 947 branches across the country, we render quality service at your doorstep.
Our loans can be availed hassle-free with minimal documentation and at the competitive interest rate. With these unique features, our loans for business are your friend in need.
Easy working capital availabilityWe offer loans with interest rates starting from 15% based on the eligibility of micro, small, medium enterprises and professional Individuals. Whether you require finance for a short duration or for expanding your business, our commercial loan is your reliable ally. Also, our portfolio has a wide spectrum, which enables us to meet your needs from Rs. 1,00,000/ to Rs. 1,00,00,000/.
Fast and secure processingOnce you apply for loan online, our agents will immediately assist you in the application process. You can also walk-in into our nearest branch and apply. Once you meet all our credit eligibility requirements, the approval process will take place in the quickest possible time.
Competitive interest ratesOur customized loan solutions offer competitive interest rates based on each profile. We understand each customer is different and hence, we treat every loan application as a unique business requirement.
Flexible tenureThe tenure starts from a minimum of 12 months to a maximum of 60 months. If you are facing interim financial problems, we provide you with the necessary funds to get your business back on track.
AccessibilityOur loan for business is available for new as well as our existing customers. We cater to the most unique segments of micro, small and medium enterprises which are unable to obtain funds from banks or other financial institutions.
Easy repaymentThe amount borrowed can be repaid through equated monthly instalments (EMIs). 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.
The MSME loan eligibility requirements are quite simple considering the dynamics of micro, small and medium enterprise 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 should 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 the loan, the applicant age should not be less than 23 years. Also, time of maturity age must not be greater than 65 years
Any other document as advised by Shriram City Union Finance
Commercial loans will help you to structure your businesses to match today’s fast-paced world. We help develop your business to the next level by providing secure financing options with flexible repayment tenure along with competitive interest rates.
Faster approvals mean you get your funds faster, allowing 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 MSME loan will let you manage your working capital efficiently. With an adequate working capital, it becomes easy to steer your business onto the growth path. This loan will stop you from using your capital by providing a solution that can be repaid in easy instalments.
Apply online and our executives will get back to you for further processes as soon as possible.
Loan EMI
49,919Total Interest Payable
69,80,529Total Payment (Principal + Interest)
1,19,80,559The EMI for a loan agreement is always computed based on the number of days to the due date. In contrast, EMI calculation on the online calculator provided here is the monthly calculation.
It is a secured form of credit offered to micro, small and medium enterprises to tackle their working capital needs. Often, credit for business is also used for business or 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 MSME loans are secured in nature and you need to pledge your asset for the same. 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 features an all-in-one product 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.
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