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Commercial Goods Vehicle Finance Eligibility
Nature of Business
Transport related businesses
Age
18 to 70*
(The applicant should not be older than 70 years at the end of the loan tenure)
Documents Required
With Shriram, you can quickly get a Commercial Goods Vehicle Loan by providing us with any one of the following documents from each category
Photo Identity Proof – Address Proof
Aadhaar Card, Passport or Driving License 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 or Telephone Bill
Income Proof Document
Last three month's bank statement, 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, or registration certificate with Hypothecation in favour of the company.
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 registration certificate with hypothecation in favour of the company.
FAQs
How to apply for Commercial Goods Vehicle Loan in Shriram?
Applying for a Commercial Goods Vehicle Finance online with Shriram is simple.
- Register your phone number - Fill in your contact details on our website • Receive a call from us - Tell us what vehicle you are after, and we will give you a detailed information
- Complete your verification - We will take you through a quick application process
- Get your money quickly - Your loan amount will be directly transferred to your bank account
You can call our toll-free number or walk to your nearest Shriram branch to apply for a loan. Our team will guide you through the process.
On what criteria may the Commercial Goods Vehicle Finance be sanctioned to me?
The minimum requirements to avail the loan are as follows:
- Must be 18 to 70 years old
- Must be in transport or related business
Easy & Quick Disbursals on Commercial Goods Vehicle Finance
