How to take Shriram Finance Business loan?

Shriram finance business loan in Hindi Shriram finance business loan: In this article, we will provide you complete information about Shriram Finance Business Loan. If you want to take a business loan to start a new business, it is 2022 and you have a question in your mind that from where to get a loan for business, then you can join Shriram business loan.

If you do not know what is a business loan, then you can get information by clicking on this link. In this article we will know that Shriram Finance Business Loan What is the interest rate of this loan, what are the documents and how can we apply for this loan, etc., so read this article till the end.

Shriram Finance Business loan

You can take a business loan to start your new business, to expand your business or to meet any financial expenses related to your business. The lender checks your CIBIL Score before giving a business loan.

The better your credit history, the more attractive interest rates you can avail from the bank. Like other banks and financial institutions, Shriram finance also provides business loans to its customers. You can apply for this loan either online or offline.

Some banks and financial institutions provide business loans for women. Business loans are of both types Secured & Unsecured loan. Under secured loan you have to give any security to the lender and under unsecured loan the lender does not have to give you any security.

if you Shriram business loan If you fulfill all the conditions then you can get instant business loan. Shriram City Union Finance provides loans to customers for small business as well as small and large scale industries.

HIGHLIGHTS:

loan name	Shriram Finance Business Loan 2022
lender	Shriram City Union Finance
Rate of interest	15% p.a. onwards
loan tenure	12 Months to 60 Months
processing fee	less than 2%
foreclosure charges	3% to 6%
loan amount	1 lakh to 1 crore rupees
official website	www.shriramcity.in

Shriram finance business loan interest rate 2022

Before applying for a business loan, you need to know about the business loan interest rate. Business loan interest rates from Shriram City Union Finance start from 15% per annum. Interest rate plays an important role in EMI because the higher your interest rate, the higher your EMI will be.

Before applying for a business loan, you need to have proper knowledge about its interest rate so that you do not face any kind of problem at the time of loan repayment. You can find the cheapest business loan by comparing business loan interest rates from different lenders.

Benefits and Features of Shriram Finance Business Loan

• Any person can take this loan for any of his micro, small, medium enterprises.
• Shriram City Union Finance offers loans to its customers at very competitive interest rates.
• You can take loan amount from 1 lakh to 1 crore rupees.
• Whether you need money for a short term or you need money to expand your business, you Shriram City Union Finance Business Loan can take advantage of.
• Once you apply for the loan online, agents from the lender assist you with the application process.
• The loan tenure for Shriram Finance Business Loan ranges from 12 months to 60 months.
• Instant processing for loan.
• You can avail the loan with minimum documents.
• Flexible repayment for the loan.
• You can repay the loan amount through Equated Monthly Installments (EMI).
• Both existing and new customers of Shriram City Union Finance can avail this loan.
• The processing fee for the loan is as low as 2%.
• Foreclosure charges range from 3% to 6%.

Shriram Business Loan Eligibility

Only those who are eligible can apply for Shriram Finance Business Loan. The following are the eligibility criteria to apply for the loan:

• You can take this loan for your micro, small and medium enterprises.
• The age of the applicant should be between 23 to 65 years.
• A professional person should have an annual turnover of 10 lakhs or more.
• Sole Proprietorship/Partnership/Limited and Private Limited Companies should have an annual turnover of 20 lakhs or more.
• Self-employed person should have an annual turnover of 10 lakhs or more.
• Minimum business should be of 3 years and should be running at present.
• There should not be any bounced check in the bank statement of the applicant.
• Applicant should be in the same business for 3 years.

Shriram Finance Business loan Documents required

• Aadhar card
• Any valid business registration certificate
• Proof of Identity (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 required documents (any one of the following):
• Recent passport size color photo income proof document.
• Trading/Profit & Loss Account for the last three years.
• Balance Sheet for the last three years Bank Statement for the last six months.
• Post dated checks and Electronic Clearing Mandates (ECS).
• Collateral Security Pledge/Hypothecation/Mortgage – Original documents required.

How to apply for Shriram Finance Business Loan?

If you fulfill all the conditions of this loan, then you can apply for it both online and offline. Follow the steps given below to apply:

Shriram finance business loan apply online

• In the option of products on the home page of the website business loan An option will appear, click on it.
• On the next page, all the information related to the business loan will appear in front of you.
• To apply, click on the option of Apply now.
• The loan application form will open in front of you.
• Enter the required information in the form and submit the form.
• After this, the staff of Shriram City Union Finance will contact you and the loan process will be continued further.

How to apply offline?

• To apply offline, you have to visit your nearest Shriram finance branch.
• You will have to go to the branch and contact the branch employee who will provide you complete information about the business loan.
• Then you have to fill an application form with which you have to attach the documents and submit it there.
• In this way your application will be done.
• If your loan is approved then the loan will be disbursed to you.

Shriram Finance Business loan EMI Calculator

Before applying for a business loan, you should calculate the EMI (Equated Monthly Installment) of your loan. By calculating the EMI of the loan, you can find out how much money you will have to pay at the time of loan repayment. You can calculate the EMI of your loan with the help of Business loan EMI calculator by visiting the official website of Shriram finance.

The EMI of the loan depends on the loan amount, interest rate and loan tenure. You should compare the business loan EMIs of different banks so that you can get the cheapest business loan.

Shriram Finance Business loan Customer Care Number

conclusion

In this article we have given you Shriram Finance Business Loan Details Complete information about has been provided. Any person can take a loan for his business or to start a new business.

If you are facing any kind of problem in applying for this loan or you want to get more information about business loan, then you can get information by calling Shriram Customer Care Number.

If you fulfill all the criteria of Shriram Finance Business Loan, then your loan can be approved instantly. I hope you guys have found this article informative. If you liked this article then please share it with your friends.

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