shriram finance vehicle loan details contact number
Toll free: 0224 157 4545
Shriram Finance is a non-banking financial company (NBFC) that offers vehicle loans for the purchase of both new and used vehicles. The company provides loans for a variety of vehicles such as cars, two-wheelers, commercial vehicles, and construction equipment.
Here are some of the key details about Shriram Finance vehicle loans:
- Loan amount: Shriram Finance offers vehicle loans ranging from Rs. 1 lakh to Rs. 25 lakhs depending on the type of vehicle and the borrower’s creditworthiness.
- Loan tenure: The loan tenure for a Shriram Finance vehicle loan ranges from 12 months to 60 months (5 years).
- Interest rates: The interest rates on Shriram Finance vehicle loans vary based on the type of vehicle, loan amount, and the borrower’s credit score. The interest rates generally range from 11% to 16% per annum.
- Down payment: The down payment required for a Shriram Finance vehicle loan depends on the type of vehicle, loan amount, and the borrower’s creditworthiness. Typically, the down payment is between 10% to 20% of the vehicle’s on-road price.
- Eligibility: To be eligible for a Shriram Finance vehicle loan, the borrower must be an Indian resident aged between 21 to 65 years, have a regular source of income, and meet the company’s creditworthiness criteria.
- Documents required: The documents required for a Shriram Finance vehicle loan include identity proof, address proof, income proof, and documents related to the vehicle.
- Repayment options: Shriram Finance offers various repayment options, including post-dated cheques, Electronic Clearance Service (ECS), and auto-debit from the borrower’s bank account.
If you are interested in availing of a vehicle loan from Shriram Finance, you can visit their official website or any of their branches to get more details about their loan products and application process.