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    Shriram Finance Overview

    Shriram City Union Finance or Shriram City as it is popularly known, is one of India’s leading

    non-banking financial company (NBFC) serving customers in retail finance. The company is a part of Chennai based Shriram Group that specialises in Insurance and Financial Services.

    The retail financing arm, Shriram City, provides financing options for new and used cars under the umbrella of auto loans for all major brands of cars.

    Shriram Finance Car Loan Eligibility

    • An aspirant aged between 21 to 59 years can apply for a car loan

    • This scheme is open to both salaried and self employed individuals

    • Details of income eligibility will be provided at branches based on applicant’s background.

    • A minimum of 1 year in employment if salaried or 2 years of self employment.

    Documentation required for Shriram Finance Car Loan

    The following documents are accepted during the application process.

    Identity Proof

    • Aadhar Card

    • PAN Card

    • Voters ID Card

    • Passport

    • Driving License

    Address Proof

    • Driving License

    • Passport

    • Ration Card

    • Gas Connection Book

    In addition to the above, you will need other documents such as payslips for income proof, bank statements for the last 6 months, Car registration certificate (used cars) and latest passport size photographs.

    Shriram Finance Car Loan Interest Rates

    The interest rates and charges are purely based on the scheme selected by the customer. Representatives of Shriram finance will guide you on prevailing rates and schemes at the time application.

    Features and Benefits of Shriram Finance Car Loan

    • Loan is extended for both new and used cars by various manufacturers.

    • The customer is free to choose a loan repayment tenure ranging from 12 months to 36 months based on repayment capacity.

    • Market vetted interest rates and fees.

    How to Calculate EMI for Shriram Finance Car Loan

    Use the Shriram Car Loan EMI Calculator to estimate your monthly EMIs and other costs involved. This highly recommended tool not only helps you in ascertaining the expenses involved in a car loan but also helps in planning a budget with a view to help you prepare for the loan. This tool works with basic inputs such as loan amount, rate of interest and processing fee.

    Frequently Asked Questions

    1) How do get in touch with Shriram City finance to apply for a car loan?

    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.

    2) I have decided to apply for a car loan from Shriram finance. Is it a requisite to declare existing loan commitments?

    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.

    3) I have a couple of cheque bounces in the past. Will this affect my eligibility to get a car loan?

    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.

    4) I am a salaried individual and missed out on filing ITR for the previous financial year. What are my options when I apply for a car loan?

    You can present Form 16 issued by your employer as a proof of income along with latest payslips.

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