New Delhi: Shriram City Union Finance Ltd. (Shriram City), India’s largest two-wheeler financier and member of the Shriram Group, has launched an AI-based lending platform – Express Two-wheeler Loans (E2L).
The platform will allow instant loan approval of up to 100% of the on-road price of the two-wheelers, the company said.
Customers can benefit from a fully digital, paperless, 24-hour motorcycle loan facility in just minutes, without going to a branch and without submitting physical documents.
Main Features of Shriram City Union Finance Express Two-Wheeler Loans
An online platform giving clients primary approval for a loan in just minutes
Customers will need to download bank statements and provide basic information
BRE supported AI-based tool calculates eligibility and generates primary sanction letter / voucher
Customers can present the voucher number to the dealer
Reseller can view all relevant customer information on the portable device
The customer enjoys maximum eligibility, allowing them to choose a more expensive brand if necessary
Here are the steps to benefit from the Shriram City Union Finance loan in a few simple steps:
Log in to Shriram City Union Finance, click Two Wheeler Loans – Apply Now or download the MyShriramCity app.
Step 1: Provide the basic details
Step 2: Select the vehicle
Step 3: Provide financial details
Step 4: upload documents
Step 5: Obtain an online voucher (main sanction letter)
Step 6: Go to the dealership for the delivery of your bike