with affordable Shriram
Challan Discounting Loans
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Challan Discounting Eligibility
Who can apply?
Any registered business entity
Nature of Business
All businesses
Age
18 to 60*
(The applicant should not be older than 60 years at the end of the loan tenure)
Work Status
A minimum of six months of work stability is required
Documents Required
With Shriram, you can get Challan Discounting Finance by providing us with the following documents
Photo Identity Proof
Aadhaar Card, Passport, Driving License or Voter ID along with the latest passport-size photographs.
Address Proof Document
Aadhaar Card, Passport, Driving License, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, Telephone Bill or Voter ID.
Income Proof Document
Last three month's bank statement or salary slips, Income Tax Returns (ITR), Audited company accounts of last financial year or cash flow statement.
Asset Related Documents (Pre-Sanction)
Pro Forma invoice and margin money receipt for a new asset, sale deed for used asset purchase, valuation report in case of the used asset or registration certificate for the used asset, original invoice for a non-registrable asset or comprehensive insurance policy.
Asset Related Documents (Post-Disbursement)
Original invoice for the new asset with hypothecation in favour of the company, registration certificate and hypothecation in favour of the company or insurance policy hypothecation in favour of the company.
FAQs
What is the repayment period in case of bill discounting?
The replayment tenure is up to 12 months
Easy & Quick Disbursals on Challan Discounting
