Shriram City Union Finance offers loan products that will meet almost all your financial needs. Here’s a quick look at their array of loan offers.
Shriram City Union Finance is a deposit-accepting, non-banking financial company (NBFC) and is the consumer finance arm of the three-decade-old Shriram Group. The unit was started in 2002 to meet the demands of the chit fund customers of Shriram Group. Since its inception 16 years ago, Shriram City Union Finance has built a reputation for itself as a company that specialises in retail finance.
The Products
This finance company offers an array of products ranging from Two Wheeler Loans to loan against gold. They also offer Car Loans for both new and used cars, Personal Loans, Small Business Loans and much more. A wide range of financial products and a strong network of over 1,000 offices across India has earned Shriram City Union Finance a dominant place among NBFCs in the country.
However, that’s not all! Its parent company, Shriram Group, is listed on the BSE, NSE and Madras Stock Exchanges, and boasts a high credit rating. Riding on the reputation and well-developed ecosystem of its parent company, Shriram City has been successful at expanding its customer base over the years.
Here’s a look at the various products offered by Shriram City Union Finance:
Non-Corporate Small Business Loans
Shriram Finance started providing non-corporate business loans to customers from the small enterprise segment in 2006. Individuals who fall under this segment include self-employed professionals, wholesale and retail dealers, merchants, builders, small and medium scale manufacturing concerns, catering services and tour operators among others. The company provides customised loans to individuals running small enterprises as it believes the segment is underbanked and is poised to grow in the coming years.
If your work fits the small enterprise segment, here are the features of Shriram City’s non-corporate small business loan as well as the eligibility requirement for the same.
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*The interest rate will vary from person to person based on the scheme selected and eligibility of the borrower.
Two-Wheeler Loans
A Two-Wheeler Loan is a smart way to purchase a bike since it lets you repay the amount in affordable EMIs. Paying EMIs is a lot more pocket-friendly than parting with a massive amount at one go. So, whether you are looking to get your hands on an easy and fun ride like an Activa or a monster-like Ninja, a Two-Wheeler Loan will help you fund it.
Here’s a quick overview of Two-Wheeler Loans offered by Shriram City:
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*Interest rate will vary from applicant to applicant
Personal Loans
Personal Loans are great, especially if you find yourself in a financial fix. They are like the instant noodles of the finance world. It is one of the fastest disbursed loans in the market and requires minimum documentation.
Here’s a low down on Personal Loans offered by Shriram City:
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*Interest rate will vary from applicant to applicant
Gold Loan
Whether it’s in the form of jewellery for weddings or bars and coins for investments, the intrinsic value of gold is revered and treasured the world over. If a person has gold and is in urgent need of cash, all he or she needs to do is take that gold to a bank and get a gold loan. A gold loan is easily disbursed against the security of gold kept as collateral.
Here’s a quick look at Shriram City Gold Loan:
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*Interest rate will vary from applicant to applicant
Auto Loans
Whether it’s a brand new or second-hand two-wheeler or car, Shriram City provides finance for all kinds of auto needs and requirements. They not only provide loans for passenger vehicles but also provide loans for the purchase of commercial vehicles.
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*Interest rate will vary from applicant to applicant
Don’t believe us? Here’s what people who took Shriram City Union Finance Two Wheeler Loan have to say about it.
Other than the above-mentioned offers, Shriram City also provides Home Loans via its housing finance subsidiary Shriram Housing Finance Ltd. (SHFL). In short, Shriram City has a loan for almost all your financial needs.
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