How to digitally avail an instant two-wheeler loan from Shriram City?
By Pinkerala News Desk | Sep 15, 2021
What is Shriram City’s Express Two-wheeler Loan (E2L)?
Shriram City, is offering a convenient, hassle-free, and paperless two-wheeler loan to all its customers. The digital offering is available on-the-go 24x7 on its mobile app and website.
How to avail of the loan in a few simple steps?
Step 1: Log in to Shriram City Union Finance web portal or download MyShriramCity App -> Click on two-wheeler loans -> Apply now
Step 2: Provide details such as name, contact, email, etc. -> Select vehicle from the drop down arrow
Step 3: Provide financial details -> Upload requisite documents (Bank Statement, Identity Proof, and Address Proof)
Step 4: An online voucher will appear on the screen
Now visit the dealer with the voucher for your bike delivery
Necessary documents for availing of the loan?
Identity Proof – Passport/Driving License/Voter ID Card/ PAN Card (any one)
Address Proof – Passport/Driving License/Gas Bill with Gas Book (any one)
Other Requirements –
Recent Passport size color photographs
Income Proof Documents
Bank Statement for the last 3 months
The applicant must be 21 years old or above
The maximum age must be 59 years at the time of loan maturity
Both salaried and self-employed individuals are eligible
For a salaried applicant, the minimum work experience is one year with a minimum salary of Rs. 12,000 p.m.
Self-employed applicant must be in the same business for two years
The applicant must be living at the same address for at least one year
There shouldn’t be a bounced cheque record over the past 12 months’ in the applicant’s history
Features and Benefits:
Offers loan of up to 100 percent on-road price of the two-wheelers
The AI-enabled digital platform ensures a smooth and simple process of availing the two-wheeler loan
The loan amount is disbursed in just 24 hours post the approval of the application allowing Shriram City to offer the fastest two-wheeler loan in India
Once the loan application is approved, all the transaction details are available on Shriram City’s customer portal/MyShriramCity app ensuring complete transparency
Customers can avail of this loan upto 100% of the on road price depending on the vehicle type, upto INR 1.75 lakhs.
Tenure, and interest rate:
Customers can repay the loan over a period of 36 months/years at an effective interest rate starting from 11.5%
Website link: https://www.shriramcity.in/two-wheeler-loan
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