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Fixed Deposit up to 9.05% p.a.* Interest rates. Invest Now

 

01-01-2023 00:13:59

Recurring Deposit up to 8.50% p.a.* Interest rates. Invest Now

 

14-11-2022 14:09:00

Two Entities - One Shared Vision - STFC and SCUF are now merged as Shriram Finance

14-11-2022 14:08:45

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Easy & Quick Disbursals on Challan Discounting

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Challan Discounting

Transport freight payments are mostly paid either at the destination or at the point of origin. The current business model requires truck owners to arrange funds to cover their route expenses. At Shriram, we offer Challan Discounting to individuals and businesses to cover their freight expenses


Features and Benefits

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Finance for Freight Bill

Get finance for all your freight bills

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Competitive Interest rates

Get customised interest rates on your Challan Discounting Loan

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Flexible Repayments

Choose from a range of flexible tenure up to 12 months

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Quick Approvals & Disbursals  

Reliable and faster loan approvals with minimal documentation

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Minimal Documentation

Minimal paperwork, digital and hassle-free process

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Convenient Tenure

Choose your convenient repayment tenure

How to Apply?

Apply for Shriram Challan Discounting in 4 simple steps – It’s easy, seamless and quick

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  • Step 01

    Register using your mobile number

  • Step 02

    Verify and proceed using OTP

  • Step 03

    Enter personal details

  • Step 04

    Receive a call from our representative

Eligibility

To ensure faster processing and hassle-free loan processing experience - check your Challan Discounting eligibility criteria below

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Who can apply?

Any registered business entity

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Nature of Business

All businesses

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Age

18 to 60*
(The applicant should not be older than 60 years at the end of the loan tenure)

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Work Stability 

A minimum 6 months of work/business stability is required

Interest and Charges

Get quick, easy and instant Challan Discounting Finance - attractive interest rates and hassle-free process

Interest Rates Starts from

Starts from

15

%

p.a.*

Processing fee Starts from

Maximum up to

4

%

Foreclosure Charges

No Foreclosure penalty

FAQs

What is Challan Discounting? 

  • Challan Discounting is when an enterprise or business owner uses the invoices to obtain cash by selling unpaid invoices due on a future date to financial institutions instead of a commission. Challan Discounting is also known as Bill Financing, Bill Discounting, or Invoice Discounting.

Who can apply for Challan Discounting?

  • Individuals/Proprietors, Partnership Firms, Private Limited, and Limited Companies can apply for Challan Discounting. 

How to apply for Challan Discounting?  

  • You can apply for Challan Discounting in four easy steps.

    Step 1: Register using your mobile number
    Step 2: Verify and proceed using OTP
    Step 3: Enter personal details
    Step 4: Receive a call from our representative