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Two Wheeler Loan Eligibility
Age
21 – 59 Years
Employment Proof
Salaried Professionals: Work experience letter from the current company of at least one year.
Self-Employed Professionals: Should have an active business and furnish a record of running the business for 2 years successfully.
Residence Proof
Applicant must be residing at least one year at the current address
Documents Required
List of documents required for loan initiation. Kindly furnish any one of the following document(s) listed below.
Note: Aadhaar Card is mandatory.
Identity Proof
- Passport
- Driving License
- Voter ID Card
- PAN Card
Address Proof
- Passport
- Driving License
- Gas Bill with Gas book
Other Documents
- Recent Passport size colour photographs
- Income Proof Documents
- Bank Statement for the last six months
- One cancelled Cheque and ACH form for Electronic Clearing Mandate
- Duly endorsed Vehicle Registration Certificate on receipt for New Vehicles
FAQs
Can I avail a loan if I have a low credit score?
A good credit score is ideally favourable for loan approval. However, you can avail of a two-wheeler loan with any credit score, depending on the loan application assessment and other factors.
What is the maximum age limit for applying for the Two-Wheeler Loan?
The applicant must not be older than 59 years at the end of the loan tenure.
I am self-employed. Can I get a Two-Wheeler Loan from Shriram Finance?
Yes, you can. A self-employed person must have two years of experience in the same business to be eligible for the Two-Wheeler Loan.
What is the maximum age limit to apply for a Two-Wheeler Loan?
The applicant must not be older than 59 years at the end of the loan tenure.
Low Processing Charges & Quick Loan Disbursals on Two-Wheeler Loan
