Shriram City Union Finance India - Small Business Loans
Shriram City Union Finance is a leading non-banking financial company in India that provides small business loans to entrepreneurs and small business owners. Here are the complete details of their small business loan offerings:
Loan Amount
Shriram City Union Finance offers small business loans ranging from Rs. 1 lakh to Rs. 50 lakhs, depending on the eligibility and creditworthiness of the borrower.
Tenure
The repayment tenure for small business loans provided by Shriram City Union Finance ranges from 12 months to 48 months, allowing borrowers flexibility in repaying the loan.
Interest Rates
The interest rates for small business loans offered by Shriram City Union Finance are competitive and vary based on various factors such as the loan amount, tenure, and credit profile of the borrower.
Eligibility Criteria
Applicants for small business loans from Shriram City Union Finance must meet the following eligibility criteria:
- Minimum age of the applicant should be 21 years
- Applicant should have a business vintage of at least 3 years
- Applicant should have a good credit score
- Applicant should have a valid business documentation
Documents Required
The following documents are typically required when applying for a small business loan from Shriram City Union Finance:
- Identity proof
- Address proof
- Business proof
- Income proof
- Bank statements
How to Apply
Interested individuals can visit the nearest branch of Shriram City Union Finance or apply online through their official website. The application process is simple and quick, with minimal documentation requirements.
Benefits of Small Business Loans from Shriram City Union Finance
- Quick loan disbursal
- Flexible repayment options
- Competitive interest rates
- Minimal documentation
- Customized loan solutions
Overall, Shriram City Union Finance India offers small business loans that are tailored to the needs of small business owners and entrepreneurs, helping them grow and expand their businesses.
Shriram City Union Finance Small Business Loans FAQ
What are the eligibility criteria for small business loans?
The eligibility criteria for small business loans at Shriram City Union Finance may vary, but generally include factors such as the business's credit history, annual revenue, and profitability.
How much funding can I receive with a small business loan?
The amount of funding you can receive with a small business loan from Shriram City Union Finance depends on various factors, such as your business's financial health, creditworthiness, and the specific loan product you are applying for.
What is the typical interest rate for small business loans?
The interest rate for small business loans at Shriram City Union Finance can vary based on market conditions, the loan amount, and the borrower's creditworthiness. It is recommended to contact a loan officer for the most up-to-date information on interest rates.
How long is the repayment term for small business loans?
The repayment term for small business loans at Shriram City Union Finance can vary depending on the loan amount, the specific loan product, and other factors. Typically, repayment terms range from a few months to several years.
