Buying a two-wheeler comes with an array of advantages and gives you more than just being a means of transport. You get the freedom to travel at your own pace and you also save your precious time from not having to wait for a bus or an auto. If you are looking to buy a two-wheeler but worried about the costs, you can opt for a Two Wheeler Loan With a two-wheeler loan, you can purchase the vehicle of your dreams without any hassles and repay over a tenure in EMIs.
A leader in the NBFC field, Shriram City Union Finance offers a wide range of vehicle loan products including two-wheeler loans. Shriram two-wheeler loans comes with a line of benefits including hassle-free loan procedure, minimal documentation requirements, attractive interest rates and flexible tenure options.
Features and Benefits of Shriram City Union Finance Two Wheeler Loans:
Shriram two wheeler loans comes with the following benefits that makes it one of the best two wheeler loan products in the market.
This loan can be availed for the purchase of both new and used two-wheelers.
The repayment can be done through equated monthly instalments.
Minimal documentation requirements and hassle-free loan procedure.
Shriram finance also offers attractive and affordable interest rates for two-wheeler loan products.
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Eligibility for Shriram City Union Finance Two Wheeler Loans:
The applicant must be at least 18 years old and not more than 59 years.
Both salaried and self-employed applicants can apply for this loan.
The applicant should have been in the same residence for at least an year.
Existing loan commitments should be declared by the borrower. Also, the borrower should not have any cheque bounces in the bank statements.
In case of salaried applicants, he should have been employed for at least a year. Self-employed applicants should have been in the business for a minimum of two years.
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Documentation for Shriram City Union Finance Two Wheeler Loans:
The following documents will have to be submitted by the applicant to complete the loan process.
Valid ID proof (Any one of passport, driving licence, Aadhar card, voter ID and PAN card)
Address Proof (Any one of passport, gas bill with gas book. ration card and driving licence)
Duly filled application form with recent passport size photos
Proof of income
Post Dated Cheques (PDC) and electronic clearing mandates
Bank statements for the last 6 months
Duly endorsed two wheeler Registration Certificate on receipt
Legal Documents as stipulated by Shriram Finance
Other relevant documents may be asked for depending on the type of your employment and income source. Do enquire with Shriram FInance for a comprehensive list of documents required before proceeding with the loan process.
Shriram City Union Finance Two Wheeler Loans Interest Rates:
The interest rates for Shriram City Union Finance two wheeler loans depend on the type of loan scheme selected by the applicant. Do enquire with Shriram Finance about the prevailing interest rates.
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Shriram City Union Finance Two Wheeler Loans Reviews
I have taken two wheeler loan with SHRIRAM on two years back. Through showroom I have applied the loan. The amount was sufficient of 40K with tenure period of 1 year. The rate of interest was nominal. There is option of pre closure is applicable. EMI use to pay of 3166 rupees. They have sanctioned within 2 days. The bike model is TVS Jupiter.
I have taken two wheeler loan with SHRIRAM on one year before. The tenure period of 22 months. They have provided the loan amount of 76K was sufficient. The bike model was Fashion Pro. I use to pay EMI of 2,720 rupees. I had paid the down payment of 16K.
Shriram citi union finance is available in the showroom where i have taken my bike. I bought the loan amount of Rs. 50000 and I'm not sure about the interest rate. Per month I'm paying the EMI of Rs. 3168. They have provided me the loan within 1 day.
I have taken Two Wheeler loan directly through Shriram City Union Finance.I have got the loan amount on time and it was sufficient as well.The vehicle model was Hond 5 G and this loan is still active .The agent gave all the relevant details about the loan process very clearly .
I have taken Two Wheeler Loan through Shriram City union Finance directly .I have applied for the loan amount of Rs.50,000 for the tenure of 2 years. Still this loan is active and got a loan on exact time frame .Each and every details was clearly shared by the agent .The vehicle model was Honda Activa .I am satisfied with their service so far .
My bike was financed by Shriram Finance and the interest rate is around 14%. The process is so simple and I have got the loan within 30minutes but the interest rate could be little lesser. I have purchased Honda Shine and done a down payment of 30K and the remaining amount was provided.
My friend has referred me about the two wheeler loan from Shriram Finance. At that time, the interest rate was low and the benefits are high. I have made the down payment of Rs. 12000. I have chosen the tenure period of 18 months and i have been paying the EMI of Rs. 3000 which is deducted from my account automatically.
I took a two wheeler loan from Shriram City Finance by last year and my experience is good. The customer service is excellent and am getting proper solution. But only thing is their interest rates are very high. The loan tenure is 18months and its completed.
I have a two wheeler loan with Shriram Finance and it was suggested by the dealer. They have tied up with Honda Showroom. I am paying the EMI's correctly without bounces. I think, the rate of interest is higher and the loan duration is 30months. I have completed 12months so far.
Chosen my two wheeler loan from Shriram City Finance. Since they have approved the loan immediately, i got the loan. The service is good. I have been paying the EMI amount of Rs. 2612 for the tenure period of 24 months in that only 3 months EMI is pending.
I have taken Two wheeler loan through Shriram City Union Finance .I have not faced any difficulties so far .The agent gave all the required details about the loan process .The vehicle model was Tvs Scooty and the loan amount was Rs.35,000 for the tenuity of 1 year.still the loan is active ,
I have taken the loan from Shriram Finance. The loan amount is 60000 and they have sanctioned the loan immediately. I have given the very less documents. Now paying the EMI amount of Rs. 2800 per month for the tenure period of 2 months.
I have taken Two wheeler Loan directly through Shriram City Union Finance ,I have got all the required details about the loan process ,I have applied for 1lakh for the tenure of 18 months ,I have not faced any issues so far ,I have got the loan amount on time ,The rate of interest and the processing fee was nominal .
I have taken a two wheeler loan in SHRIRAM for more than 8 months.The rate of interest is very high. The loan amount was sufficient for the tenure of 2 years. Last 5 months they have shown for 2 EMIs in a month to pay and there is no proper response from customer end If I ask for a statement they will take probably 2 hours and also not sure whether we will receive or not.
Shriram city Union finance was good in the process for the two wheeler loan. I got the loan in three days. The paper work was collected on time. The rate of interest is of 13% which is high and there is a one time processing fee which again was extremely high of 5 to 7K for the loan amount of 60K.
Actually i have purchased the bike, in the showroom Shriram city finance service was available hence i have selected them. Iâ??m not sure about the interest rate but iâ??m paying the EMI of Rs. 3300. I have selected the EMI for 18 months and my bike cost is 65000 in that i have made a down payment of Rs. 2000.
I have selected shriram city union bank model of bank is xray bike total cost is Rs 65,000 , EMI Rs 3000. I have initial amount paid Rs 15000 tenure 20 months. while documents submitted through executive . Customer service is good and responsive.
I took two wheeler loan with Shree ram finance, the loan amount was sufficient after giving down payment they given me loan amount maximum , the company use to pay the emi for the loan every month, if unfortunately i forgot to pay emi they use to charged 500 as late payment charges.
I have selected shriram finance two wheeler loan model of bike activate 5 g loan amount Rs 65,000and Rate interest 10.99%. while documents submitted through show room itself and customer service is good and responsive.I will recommend to my friends and relatives.
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MOHAMMAD ARIF AHMED
Reviewed on Jun 19, 2019
In 2018 March, i have bought the two wheeler loan from Shri ram Finance even though my credit score is less, they have provided the loan. They have offered me a interest rate of 13% and i made the down payment of Rs. 25000 and the actual bike cost is 75. In that balance amount, i have selected the EMI for 1 year. I have paid the EMI of Rs. 4980.
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KRISHNA RAO PALLI
Reviewed on Jun 11, 2019