Shriram City Union Finance offers car loans to its customers at affordable interest rates. The rate of interests levied will depend on factors such as the loan amount, repayment tenure, credit score etc. The repayment tenure offered by Shriram City Union Finance is also flexible and ranges between 1 year and 3 years.
Some of the key features of Shriram City Union Car Finance are:
The relevant fees and charges will be levied by the company based on the car loan scheme chosen by the applicant and will depend on factors such as the loan amount, repayment tenure, credit score, etc.
The eligibility criteria you will have to fulfil in order to be eligible for a car loan from the company are given below:
The documents you will have to submit while applying for a car loan from Shriram City Union Finance are given below:
Representatives of Shriram finance are available for consultation at showrooms of major car brands. They can also be reached at the nearest branch or via phone service.
Yes, you must declare your existing liabilities which includes loans. They will take into account the monthly EMIs paid as a part of processing to ascertain eligibility.
It will have a bearing when they process paperwork since it questions your ability to honour payments. If there is a valid reason, you can justify.
You can present Form 16 issued by your employer as a proof of income along with latest payslips.
Your credit score plays a huge role in the finance company determining the rate of interest they should levy on the loan amount. If you maintain a credit score of 750 and above, you have higher chances of getting lower interest rates on your loan as the lender gets some surety of your repayment capability. Thus, it is recommended that you maintain a good credit score before applying for a car loan.
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