Multiple banks. Different interest rates. Call it a "conflict of interest".

    Shriram City Non Corporate Small Business Loan

    Shriram City Union Finance (Shriram City) was established in 1986, is a deposit-accepting non-banking financial company (NBFC). Today, Shriram City is India's premier financial services company specializing in retail finance. The financial institution has a comprehensive range of offerings comprising finance for Two Wheelers and Three Wheelers, Four Wheeler Finance (both new and pre-owned passenger and commercial vehicles), Personal Loans, Small Business Loans, and Loan against Gold.

    Purpose – What can Shriram City’s small business loans be used for

    Shriram City Union Finance started offering customized loans to the Small Enterprise segment in 2006. Loans are customized to suit the requirements of the customers after having assessed and understood their business model.

    Eligibility criteria for Shriram City Non Corporate Small Business Loans

    In order to avail non corporate small business loan from Shriram City the individual should be:

    • Age - 21 to 58 years of age
    • Self-employed individuals
    • Professionals
    • Sole proprietorships / Partnerships / Limited and private Limited companies

    Features and Benefits of Shriram City Non Corporate Small Business Loans

    Listed below are the benefits and features of the non-corporate Small Business Loan provided by Shriram City:

    • Minimum years in business - 2 years
    • 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
    • The interest rates and charges are levied depending on the scheme chosen by the borrower

    Documents required for Shriram City Non Corporate Small Business Loans

    Here is the list of documents the borrower may be required to produce, according to the financial institution’s terms and conditions, to avail the Personal Loan:

    • Any business registration Certificate
    • Valid identity proof, according to the RBI norms, such as Passport, Driving Licence, Voter ID Card, Aadhar Card, PAN Card
    • Valid Address Proof, as per RBI norms, such as Passport, Driving Licence, Ration Card, Gas Bill with Gas book
    • Recent Passport size colour photographs
    • Income Proof Documents
    • Bank Statement for last 6 months
    • Post Dated Cheques and Electronic Clearing Mandates
    • PAN Card
    • Legal Documents as stipulated by Shriram City Union Finance Limited
    • Collateral Security pledge / hypothecation / Mortgage - Original documents required
    • Any other document as advised by Shriram City Union Finance

    Additional documents may also be required as per the financial institution’s discretion, depending on the borrower and other conditions. The loans are approved only after verifying original documents and appraisal processes.

    Note – The interest rate is subject to change at the discretion of Shriram City without prior intimation. Individuals should check with the bank, before applying for the personal loan.


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