Shriram City Union Finance (SHRIRAM CITY) was established in 1986, and is part of the three decade-old Chennai-based Shriram Group. The company started as a deposit-accepting non-banking financial company (NBFC) and is India’s premier financial services company today, specializing in small-ticket retail finance.
The Chennai-based Shriram group has an enviable business heritage spanning over three decades. It has emerged as the largest player in its class on the Indian sub-continent. Specifically focusing on commercial vehicle loans, consumer durables financing and chit funds, the group's annual turnover crosses Rs. 18,000 crore. The Shriram group’s business presence also expands to Insurance Consultancy, Life Insurance, Re-insurance, Stock Broking, Information Technology, Pharmaceuticals, Property Development, Project Engineering, Packaging and manufacturing of Auto Components.
SHRIRAM CITY has a comprehensive range of offerings comprising financing for Consumer Durables, 2, 3 & 4-wheeler finance (both new & pre-owned, passenger & commercial), Personal Loans, Small Business Loans and Retail Gold Loans. This has made SHRIRAM CITY a dominant player in the field and the only NBFC offering a wide product range under one roof.
The company has over 633 Business Outlets across the country, SHRIRAM CITY enjoys a high credit rating, as well as listing on the BSE, NSE & Madras Stock Exchanges.
The company lends around Rs 300 crore a month in small-tickets of between Rs 8000 to Rs 1 lakh each, with tenors ranging from 12 to 36 months.
SHRIRAM CITY has serviced over 15 Lac customers till date and adds on an average 85,000 new customers every month.
Services offered by the company
Consumer Durable Finance- SHRIRAM CITY offers loans for a wide range of white goods and lifestyle products, viz. air-conditioners, computer systems, high-end TVs, audio & video systems, washing machines, refrigerators, microwave ovens, furniture, gym products. The company has tie-ups with major manufacturers/dealers and retail outlets at showrooms to enable easy access to products under finance.
Auto Finance- SHRIRAM CITY currently offers a variety of loans against new and pre-owned two wheelers, 3-wheelers, 4 wheelers (both passenger & commercial).
Personal Finance- SHRIRAM CITY offers quick finance at attractive interest rates with service at the customer's doorstep. Shriram City offers hassle-free, non-end use specific loans with minimum documentation.
Retail Gold Loans- Retail Gold loans are the latest addition to SHRIRAM CITY's product line. SHRIRAM CITY's Retail Gold loans offer on-the-spot finance at attractive rates of interest.
Small Business Loan- SHRIRAM CITY offers small business loans to self-employed professionals, wholesale/retail dealers, general merchants, builders, manufacturers, hotel/ catering services, tour operators, etc.