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Shriram

Business Loan

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.

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