Shriram Finance Business Loan

Shriram Finance offers business loans to meet the diverse financial needs of businesses. If you aim to expand operations, manage daily expenses, or optimize working capital, these loans provide the necessary financial support.

With attractive interest rates starting from 15% p.a., flexible repayment options, and quick disbursal, Shriram Finance empowers businesses to achieve their growth goals. Shriram Finance business loans are suitable for entrepreneurs, small business owners, and established businesses seeking financial support to grow or sustain their operations.

Table of Contents:

• ⇾ Shriram Finance Business Loan
• ⇾ Highlights of Shriram Finance Business Loan
• ⇾ Shriram Finance Business Loan Interest Rates & Charges
• ⇾ Types of Shriram Finance Business Loan
• ⇾ Shriram Finance Business Loan EMI Calculator
• ⇾ Eligibility Criteria for Shriram Finance Business Loan
• ⇾ Documents Required for Shriram Finance Business Loan
• ⇾ Steps to Apply For Shriram Finance Business Loan
• ⇾ Online Process
• ⇾ Offline Process
• ⇾ Frequently Asked Questions

Highlights of Shriram Finance Business Loan

Shriram Finance offers a range of business loan options to support the financial needs of various business structures. The table below presents the primary highlights of the Shriram Finance Business Loan.

Shriram Finance Business Loan Interest Rates & Charges

The exact interest rate applicable to your loan will depend on various factors including loan amount, loan tenure, and your credit history and business profile.

Types of Shriram Finance Business Loan

Shriram Finance business loans are designed to provide working capital, fund expansion, or support other business requirements. Understanding the different types of business loans available can help you choose the most suitable option for your specific business situation.

• Working Capital Loans: These loans help businesses manage day-to-day operations, purchase inventory, and meet short-term financial obligations.
• Business Loan for Women: A specialized financing option that is customized for female business owners seeking to launch a new enterprise or grow their current operations.
• Trade Finance: This option is for supporting various trading activities and additional expenses of customers that include multiple financial products like export credit insurance, invoice factoring, and letters of credit.
• Supply Chain Finance: Provides affordable, adaptable payment options for both customers and vendors to help businesses run smoothly.
• Shriram Finance Startup Business Loan: Funding to help grow your business or get a new one off the ground. Can be used for initial expenses like buying equipment, advertising, or creating products.
• Shriram Finance MSME Loan: This option will assist small and medium business owners with various expenses.
• GST Business Loan: Provide loans to business owners based on their GST returns, with the loan amount customized accordingly.
• Business Loan Against Gold: A secured loan where business owners can pledge their gold jewelry or ornaments as collateral to get money for business use.

Business Loan EMI Calculator

Calculate the EMI for your business loan with ease using a business loan EMI calculator. This online calculator helps you estimate your monthly Equated Installment (EMI) based on the loan amount, interest rate, and tenure.

Eligibility Criteria for Shriram Finance Business Loan

To be eligible for a Shriram Finance Business Loan, applicants typically need to meet the following criteria.

• Business Type: Sole proprietorships, partnerships, private limited companies, and LLPs are generally eligible.
• Business Age: A minimum of 3 years of business operation is often required.
• Annual Turnover: A minimum annual turnover of around Rs. 20 lakhs is typically necessary.
• Age: The primary applicant's age should generally be between 23 and 65 years.
• Credit History: A good credit score enhances loan approval chances.
• Business Registration: A valid business registration certificate is mandatory.

Note: Specific eligibility criteria may vary based on loan product, location, industry, and lender policies.

Documents Required for Shriram Finance Business Loan

The specific documents required for a Shriram Finance business loan may vary depending on the loan amount, type of business, and individual circumstances. However, here's a general list of documents you might need to apply for a Shriram Finance business loan.

• KYC Documents: Aadhaar card, PAN card, Voter ID card, Passport, Driving license.
• Business Documents: Business registration certificate, GST registration certificate, Shop and establishment license, Income tax returns for the last 3 years, Bank statements, Business plan.
• Financial Documents: Income tax returns of the applicant for the last 3 years, Salary slips or Form 16 (for salaried applicants), Bank statements for the last 6 months, and Proof of income (for self-employed applicants).
• Collateral Documents (if applicable): Property documents, Vehicle registration certificate, Insurance policy documents.

If you want to compare business loans from other lenders, check for different business loan options from various lenders from the links given below:

Steps to Apply For Shriram Finance Business Loan

Shriram Finance presents business owners with an opportunity to access financial resources to expand their operations. The following steps outline the procedures involved in applying for a Shriram Finance business loan.

Online Process to Apply for Shriram Finance Business Loan

• Step 1: Find the official Shriram Finance website.
• Step 2: Locate the "Business Loan" or "Apply Now" section.
• Step 3: Complete the online application form with the required personal and business details.
• Step 4: Submit the necessary documents as specified in the application.
• Step 5: Review the details and submit the application.
• Step 6: Shriram Finance will verify the provided information.
• Step 7: If approved, the loan amount will be disbursed to your bank account.

Offline Process to Apply for Shriram Finance Business Loan

• Step 1: Locate the nearest Shriram Finance branch.
• Step 2: Request a business loan application form from the branch.
• Step 3: Fill the form with all necessary details.
• Step 4: Attach the required documents to the application form.
• Step 5: Submit the completed application form and documents to the branch.
• Step 6: Shriram Finance will verify the provided information.
• Step 7: If approved, the loan amount will be disbursed to your bank account.

Know more about different types of business loans offered as per the government schemes by various banks & other private lenders. Check more on this from the links in the table below: