by Suman Gupta
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 24×7 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 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?
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Aadhar Card
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Identity Proof – Passport/Driving License/Voter ID Card/ PAN Card (any one)
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Address Proof – Passport/Driving License/Gas Bill with Gas Book (any one)
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Other Requirements –
o Recent Passport size color photographs
o Income Proof Documents
o Bank Statement for the last 3 months
Eligibility:
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Age
o The applicant must be 21 years old or above
o The maximum age must be 59 years at the time of loan maturity
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Profession
o Both salaried and self-employed individuals are eligible
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Work Experience
o For a salaried applicant, the minimum work experience is one year with a minimum salary of Rs. 12,000 p.m.
o Self-employed applicant must be in the same business for two years
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Address
o The applicant must be living at the same address for at least one year
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Bank Relations
o There shouldn’t be a bounced cheque record over the past 12 months’ in the applicant’s history
Features and Benefits:
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Offers loan of up to 100 percent on-road price of the two-wheelers
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The AI-enabled digital platform ensures a smooth and simple process of availing the two-wheeler loan
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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
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Once the loan application is approved, all the transaction details are available on Shriram City’s customer portal/MyShriramCity app ensuring complete transparency
