Shriram City Union Finance Two-wheeler loans

If you are looking for any NBFCs to apply for a two-wheeler loan, approach Shriram City Union Finance Limited. It is one of the largest two-wheeler financiers in India for both new and used vehicles. Shriram City Union Finance enjoys a nationwide presence in motorcycle and scooter showrooms. The loans are offered at lucrative rates of interest starting at 11.50% p.a. on the basis of the eligibility of the applicants. The processing fee is nominal, and the application process is hassle-free.  

Features and benefits of Shriram City Union Finance Two-wheeler loans

Loan Amount- 

Shriram City offers up to 100%* financing as per the on-road price of the bike of your choice.

Ease of Applying

All you need to do is fill up the application online and get your loan approval process started.

Fulfill your need

You can get up to 100%* financing for your vehicle of choice.

Quick disbursal

Two-wheeler loan disbursal happens in 24 hours post your loan gets approved.

Minimal Documentation

Here the applicant enjoys quick, easy, and minimal documentation.

Attractive interest rates

With interest starting from 11.5% p.a., Shriram City offers competitive interest rates in the Two-Wheeler financing market.

Here are the eligibility criteria to apply for Shriram City Union Finance

  • The minimum age to apply for a Two-wheeler loan is 21 years and the maximum is 59 years.
  • Both salaried and self-employed can apply for a two-wheeler loan in India.
  • The minimum monthly salary requirement to apply for a loan is 12000 per month.
  • Must be having at least 1 year of work experience with job stability.
  • In the case of a self-employed, the applicant must be in the same business for at least two years.
  • Must be a resident of India

The documents required to apply for Shriram City Union Finance Two-wheeler loan:

Identity Proof ( Anyone)

  • Voter ID Card
  • PAN Card
  • Driving License
  • PAN Card
  • Passport

Address Proof ( Anyone)

  • Passport 
  • Driving License 
  • Gas Bill

Other requirements

  • Recent Passport size color photographs
  • Income Proof 
  • Bank Statement for the last six months
  • One canceled Cheque and ACH form for Electronic Clearing Mandate.
  • Duly endorsed Vehicle Registration Certificate on receipt for New Vehicle.

Fee and charges

Loan Processing Charges

Loan processing charges vary from state to state due to different state polices

Loan Foreclosure Charges- 

Starting from 4%

Stamp Duty

At actuals, as levied by respective State Govt.

How to apply for Shriram City Union Finance Two-wheeler loans?

  • Log on to the portal of Shriram City Union Finance
  • From the top menu, click on the ‘Two-Wheeler Loans’ option.
  • On the page, there will be provided with an option of ‘Instant Loan’. Click on the same and enter your name, mobile number, and email address. You will also have to provide other details such as your date of birth, gender, marital status, PAN number, and the pin code of your residence.
  • Tick the box stating that you have read thoroughly all the terms and conditions and click on the ‘Apply Now button.
  • Shriram City Union Finance will send you an OTP on the mobile phone number that you have provided.
  • Use the OTP and complete the verification process.
  • After this, the NBFC will check your eligibility for the two-wheeler loan and get in touch with you for your loan requirement.
  • Post checking your eligibility, your loan will get approved.