Business Loan: Apply for Business Loan Online - Shriram City
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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.

Features of Business Loan

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.

Calculator with percentage Rupee Easy working capital availability

We 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/.

You 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.

Shriram 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.

The 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.

Shriram 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.

The 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.

What is the Eligibility Criteria for availing Business Loan?


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

home location

The applicant must be living in the same residential address for at least a year

address location

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

Documents Required for Business Loan

  • Any valid Business Registration Certificate
  • Aadhaar Card is mandatory
Identity Proof
(Any one of the following)
  • Passport
  • Driving License
  • Voter ID Card
  • PAN Card
Valid Address Proof
(Any one of the following)
  • Passport
  • Driving License
  • Gas Bill with Gas book
  • Electricity bill
Other requirements
(Any one of the following)
  • Recent Passport size colour photographs
  • Income Proof Documents
  • Trading/Profit and Loss Account for the last three years
  • Balance Sheet for the last three years
  • Bank Statement for the last six months
  • Post Dated Cheques and Electronic Clearing Mandates (ECS)
  • Collateral Security pledge / hypothecation / Mortgage - Original documents required

Any other document as advised by Shriram City Union Finance

Business Loan Fees and Interest Rates

Calculator with percentage Rupee
Starting from 15%
Interest Rates
Money in and out
Less than 2%
Processing Fee
Interest rate
Up to 60 Months
Loan Tenure
3% to 6%
* Eligible after 6 Months
Closure Charges
calendar with checked
More than20 L Turnover
* 3 years in the same business
1 Lakhs to 100 Lakhs
calculator with rupee

Why should you Apply for Business Loan ?

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.

Here is why you should apply for a business loan with Shriram City Union Finance:
Quick Approvals

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.

Streamlines Your Working Capital

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.

How to Apply for Business Loan in Shriram City

You can apply online for a Business loan, and our executives will get back to you for further processes as soon as possible.

Business Loan Calculator

Loan Amount
Interest Rate
Loan Tenure (Months)

Loan EMI


Total Interest Payable


Total Payment (Principal + Interest)


Apply Now

Frequently Asked Question About Business Loan

What is a Business Loan?

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.

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