Shriram City Non Corporate Small Business Loan

What are the eligibility criteria?

When applying for a business loan through Shriram City Union Finance Limited, you will be required to fulfil certain eligibility criteria. These conditions can be summed up as follows:

• Age of the applicant: The applicant should be at least 23 years old at the time of applying for the loan. On the other hand, an applicant should not be more than 65 years old at the time of applying for the business loan.
• Employment status of the applicant: The applicant should be a self-employed individual or a professional individual.
• Status of the business: The business for which the loan is being applied for can be a partnership business, a sole proprietorship business, a private limited and/or a limited company.
• Business turnover:Minimum business turnover of Rs.20 lakh.
• Credit obligations: Declaration of existing credit obligations is to be provided.
• Residential proof:The borrower will have to provide a valid residential proof. Moreover, the borrower must have stayed at the same residential address for a minimum of 12 months.

What are the documents required to apply?

The following documents will be required to be produced by an applicant at the time of applying for a small business loan through Shriram City Union Finance:

• Certificate of registration of the business.
• A valid proof of identity of the applicant such as passport, driving license, PAN card, Voter's ID card, Aadhaar card, etc.
• A valid proof of address of the applicant such as passport, NRGA card, gas bill along with gas book, driving license, etc.
• Recently clicked passport sized colour photographs of the applicant.
• Proof of income of the applicant.
• Bank statement of the applicant for the last 6 months.
• Electronic clearing mandates along with post dated cheques.
• Any legal document as per the requirement placed by Shriram City Union Finance Limited.
• Original copies of hypothecation or mortgage or collateral security pledge.
• Any other documents as per the requirement placed by Shriram City Union Finance Limited.

What are the rates of interest and other relevant charges?

The rates of interest start at 15% p.a. with less than 2% charged as processing fee on the loan amount availed. Thus, these figures are subject to change on the basis of these schemes. You will be required to get in touch with Shriram City Union Finance Limited to get a clear idea of the same.

How can I get in touch with Shriram City Union Finance Limited?

In case of any questions or queries regarding the No Corporate Small Business Loans, you can get in touch with Shriram City Union Finance using one of the following methods:

• Over the telephone: You can get in touch with Shriram City Union Finance through their toll free number at 1800 103 6369.
• Online form: You can also fill up a form online and get in queue which will lead the representatives of Shriram City Union Finance Limited to get in touch with you.

Steps to be followed to fill up the online form and place a query:

• In order to place a general query, customers can follow the steps mentioned below:
• Visit the official website of Shriram City Union Finance Limited at www.shriramcity.in.
• On the home page, click on the 'Would you want us to contact you' link above the main menu.
• On clicking this link, you will be redirected to a new web page wherein you would be required to fill up a form.
• You will be required to fill up some personal details such as name, state, mobile phone number, city, email ID, pin code, city, etc.
• In case of general queries, select the product from the drop down box and write the query in the message field.
• Go through the Captcha check and click on 'Submit'.

Steps to be followed to fill up the online form and lodge a complaint:

In order to place a complaint, customers can follow the steps mentioned below:

• Visit the official website of Shriram City Union Finance Limited at www.shriramcity.in.
• On the home page, click on the 'Would you want us to contact you' link above the main menu.
• On clicking this link, you will be redirected to a new web page wherein you would be required to fill up a form.
• You will be required to fill up some personal details such as name, date of birth, state, mobile phone number, city, email ID, pin code, city, etc.