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Two-wheeler Loan: Interest Rates and Charges in Abu Road Branch, Sirohi

Shriram Two-wheeler Loan in Abu Road Branch helps you buy your dream bike with easy Equated Monthly Instalments (EMIs). Our interest rates in Abu Road Branch start at just 10%* p.a., helping you save money on the total cost of the loan over your chosen tenure. At Shriram Finance in Abu Road Branch, we believe in keeping our rates and charges transparent to help you make smart borrowing decisions.

Learn more about our two-wheeler interest rates in Abu Road Branch from the table below and start your journey towards thoughtful bike ownership.

Types of FeesApplicable Charges
Rate of InterestStarting at 10%* p.a.
Processing FeeUp to 5%*
Foreclosure ChargesUp to 4%* (The customer cannot close the loan account within 12 months from the date of the first EMI. An additional 2% charge will be applied if the loan is transferred to another financial institution.)

Please note that the interest rates and charges of the Shriram Two-wheeler Loan are subject to change. They may vary based on your loan tenure, market conditions and other relevant factors. Check the Interest Rates and Charges document for the most accurate and up-to-date information.

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Two-Wheeler Loan Eligibility in Abu Road Branch, Sirohi

When applying for a two-wheeler loan with Shriram Finance in Abu Road Branch, you may have to meet stipulated eligibility requirements. The eligibility criteria of Shriram Finance in Abu Road Branch accommodate a wide range of customers. Our application process is simple and straightforward with minimal paperwork. The following sections (eligibility criteria and documentation requirements) help you check if you meet the necessary criteria to qualify for a Shriram Two-wheeler Loan in Abu Road Branch.

Age Limit

  • 21 to 59 years

Status of Employment

  • Salaried or Self-Employed

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 show a record of running the business for 2 years successfully

Unorganised Sector (Housewives, students, farmers, etc.)

  • Co-applicant or guarantor with a stable income and good credit score

Residence Proof

  • Applicant must be living for at least one year at the current address
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Eligibility Requirements for Two-Wheeler Loans in Abu Road Branch, Sirohi

To ensure responsible borrowing in Abu Road Branch, please read the following two-wheeler loan eligibility requirements carefully.Documents Required for Two-Wheeler Loan in Abu Road Branch, Sirohi. You may apply for a Shriram Two-wheeler Loan in Abu Road Branch by submitting the following documents:

For Proof of Identity

  • Passport
  • Driving Licence
  • Voter ID

For Proof of Residence

  • Passport
  • Driving Licence
  • Gas bill with Gas book

Income Proof Documents

  • Bank statements of the last six months
  • One cancelled cheque
  • ACH form for electronic clearing mandate

Other Documents

  • Recent passport-size photographs

For New Vehicles

  • Duly endorsed vehicle registration certificate on receipt