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This finance company launched two-wheeler loan, you can borrow the full amount of the car, these documents will be needed

इस फाइनेंस कंपनी ने लॉन्च किया टू-व्हीलर लोन, गाड़ी का पूरा पैसा ले सकते हैं उधार, इन कागजातों की होगी जरूरत

The customer gets a period of 36 months during which the loan has to be repaid. For this, 11.5 percent interest will have to be paid. On the basis of this interest, the customer has to return the money.

Two Wheeler Loan

‘Shriram City Union Finance’ is providing easy two-wheeler loan to the customers. The loan is completely online and from applying to getting it, the work will be done online. The name of the loan has been kept as Shriram City Express Two-Wheeler Loan. This loan has been issued by two-wheeler financier Shriram City. Digital lending platform has been launched by the company so that the loan can be approved without giving paper to the customers.

In view of the festive season, those who want to buy a two-wheeler can take this loan. This loan is named as E2L which means Express Two-Wheeler Loan. Through this paperless two-wheeler loan is being given to all the customers. ‘Shriram City Union Finance’ is providing round the clock and 7 days loan facility on its mobile app or website.

how to take loan

  • Firstly login to Shriram City Union Finance web portal or download MyShriramCity. Click on Two-Wheeler Loan here and click on apply now
  • Select the vehicle of your choice which one to buy
  • Enter your finance information
  • Upload the requested documents
  • Now you will get online voucher in the form of in-principal sanction letter
  • After that visit the dealer for delivery of your bike
  • These documents will have to be given to take a loan (two wheeler loan)
  • Aadhar card
  • Identity Card- Passport or Driving License or Voter ID Card or PAN Card. One of these documents must be submitted
  • Address Proof- Passport or Driving License or Gas Bill with Gas Book
  • Fresh passport size color photograph
  • income proof documents
  • Bank statement of last three months

Who can take loan

  • Applicant age should be 21 years or above
  • Applicant’s age at the time of loan maturity
  • Salaried and self-employed people will be given the facility of this loan.
  • For salaried people, work experience has been kept maximum of 1 year and minimum salary should be 12,000 per month
  • Self-employed person who has been involved in any business continuously for 2 years
  • Applicant who is providing address proof should have lived there for last 2 years
  • The record of the applicant’s bank for the last 12 months will be seen whether there has been any check bounce.

Features of E2L Loan

  • An online platform that allows in-principal loan approvals to customers in just minutes
  • Customers have to upload bank statements and provide basic details
  • AI-based tool powered by BRE assesses eligibility and generates in-principal approval letters/vouchers
  • Customer can show the voucher number with the dealer
  • Dealer can review complete customer details through handheld device
  • The customer is given the facility of maximum entitlement, so that he can choose the more expensive brand as per the requirement

how much loan will you get

In this, the customer can take up to 100% of the cost of the vehicle as a loan. That is, up to 100% of the on-road price can be taken as a loan. It depends on the type of two-wheeler and the loan amount can be up to Rs 1.75 lakh.

Loan tenure and interest rate

The customer gets a period of 36 months during which the loan has to be repaid. For this, 11.5 percent interest will have to be paid. On the basis of this interest, the customer has to return the money.

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