Loans
Make your dreams a reality with flexible financing options designed for every financial need
Personal Use
Shriram Finance offer loans for personal use and provides the flexibility to meet various financial needs. From consolidating debt to funding significant life events - exploring options like personal loans, two-wheeler loans and gold loans can help you support personal ambitions or achieve your goals.
Commercial Use
Loans for commercial use include commercial loans and business loans. These loans provide financial support to businesses for various purposes including purchasing commercial vehicles or working capital to leverage their assets and grow their operations. Aside transport loans, we also offer financial assistance to entrepreneurs looking to start or expand their business.
Overview of Loans
At Shriram Finance, we understand that every borrower has unique requirements. That's why we offer a diverse range of loans to cater to different financial needs. Our loans are designed to empower you to achieve your goals, whether it is purchasing a new car, starting a business, or renovating your home.
Personal Loans
Shriram Finance provides personal loans for individuals. Whether you need funds for home improvements, medical expenses, or debt consolidation, our personal loans are tailored to meet your specific needs. Our loans offer flexible repayment options and competitive interest rates, helping you manage your personal finances with ease.
Two wheeler Loan
Fuel your freedom with a Shriram two-wheeler loan! Get maximum financing and interest rates start as low as 11.5%*. Get your dream bike with minimal paperwork and quick disbursal.
Gold Loan
Turn your gold into immediate cash with Shriram's secure and transparent gold loans. Get up to 75%* of the loan amount against your gold, with flexible repayment options and attractive interest rates
Business Loans
Shriram Business Loan is tailored to meet the specific requirements of small and medium-sized enterprises (SMEs). We offer flexible repayment options and competitive interest rates to help you grow your business.
New Commercial Goods Vehicle Finance
Shriram offers a wide range of loan options for the purchase of new trucks, buses, and other commercial goods vehicles. We offer flexible loan terms, competitive interest rates, and quick disbursals to help you expand your operations and improve efficiency.
Used Commercial Goods Vehicle Finance
Shriram Finance offer loans for the purchase of pre-owned commercial vehicles, enabling you to expand your fleet without breaking the bank. Our vehicle financing solutions are designed to simplify the loan process, allowing you to focus on your business growth.
New Passenger Commercial Vehicle Finance
Empower your passenger transport dreams with Shriram New Passenger Commercial Vehicle Finance! Experience flexible loans, competitive rates, and fast approvals to propel your business forward. Drive your ambition, drive your success
Used Passenger Commercial Vehicle Finance
Boost your passenger transport business with affordable financing! Shriram's Used Passenger Commercial Vehicle Loans offer flexible terms, competitive rates, and quick approvals to help you acquire pre-owned buses, tempos, and more.
Used Car Loan
Shriram Finance Limited offers used car loans for businesses looking to acquire pre-owned commercial vehicles. With competitive rates and flexible repayment options, businesses can expand their fleet or procure reliable used cars for diverse commercial needs
Tractor and Farm Equipment Finance
Agricultural loans are essential tools for farmers and agribusinesses. Shriram Tractor and Farm Equipment Finance provide financial assistance for the purchase of tractors, agricultural machinery, and other farming-related assets. Our loans are designed to be flexible, allowing you to access funds when you need them the most.
Construction Equipment Finance
In the construction industry, having reliable and well-maintained equipment is crucial. Shriram Construction Equipment Finance offer funding for the purchase of construction equipment, such as bulldozers, cranes, and excavators. Our loans provide you with the resources you need to carry out your construction projects efficiently.
Fuel Finance
Running a business requires a constant supply of fuel. Shriram Fuel Finance provide financial support for the purchase of fuel for your vehicles, machinery, or generators. Our loans are designed to alleviate the financial burden of maintaining a reliable fuel supply, allowing you to focus on your business operations.
Repair Loan
Unexpected repair expenses can disrupt the smooth functioning of your business. Shriram Repair Loan offer financial assistance for repairing equipment, vehicles, or any other business assets. Our loans provide temporary funding, enabling you to maintain operational efficiency and avoid unnecessary downtime.
Tyre Finance
Tyres are an essential part of commercial vehicles. Shriram Tyre Finance offers loans for the purchase of tyres for trucks, buses, and other vehicles. Our loans provide the necessary funds to maintain optimal tyre performance and to ensure smooth business continuity.
RTO Tax Finance
Registration Tax (RTO) and Road Tax are mandatory expenses for businesses operating vehicles. Shriram RTO Tax Finance offers loans to finance these expenses, allowing you to meet your financial obligations without breaking the bank.
Toll Finance
Toll payments can significantly impact a small business's cash flow. Shriram Toll Finance offers loans to finance toll payments, allowing you to maintain uninterrupted business operations. Our loans are designed to streamline your toll payment process, saving you time and effort.
FAQs
What are personal loans, and how do they work?
Personal loans are unsecured loans provided by financial institutions to individuals for various purposes. They work by disbursing a fixed amount of money, which the borrower then repays with interest over a set period. The loan amount and repayment terms vary depending on the borrower's creditworthiness and the lender's terms.
What are the common uses for personal loans?
Personal loans are commonly used to finance unexpected expenses, consolidate high-interest debts, make large purchases, or fund home improvement projects. The flexibility of personal loans makes them a popular choice for individuals looking to meet immediate financial obligations without relying on collateral.
How do I apply for a personal loan, and what is the eligibility criteria?
To apply for a personal loan, you typically need to provide documentation of your income, employment, and credit history. The eligibility criteria vary depending on the lender, but typically include factors such as age, income, credit score, and existing debts. It is advisable to research different lenders and compare their eligibility criteria to find the one that suits your requirements.
Can I get a personal loan with a low credit score?
While obtaining a personal loan with a lower credit score can be challenging, it is not impossible. Some lenders offer specialized loans for individuals with lower credit scores, often referred to as subprime loans. However, these loans tend to have higher interest rates and stricter eligibility criteria. It is essential to carefully evaluate and compare different loan options to find the best fit for your needs.
What types of loans are available for professionals and businesses?
For professionals, options include career-boosting loans for specific qualifications or starting their own practice. Businesses have a wider range: term loans for long-term needs, equipment financing, vehicle finance, tax finance, tyre finance and more. Ultimately, the best loan depends on your specific goals and financial situation
How do I apply for a business loan, and what documents are required?
To apply for a business loan with Shriram Finance, you are required to furnish
Bank statements, business registration proof, tax returns, business and applicant PAN and collateral documents (if applicable). For more details, kindly contact a Shriram Finance representative or visit the nearest Shriram branch
What is the role of collateral in securing business loans?
Collateral plays a crucial role in securing business loans by acting as a safety net for lenders. It's like a guarantee – if the borrower defaults, the lender can seize and sell the pledged asset to recoup their losses. This reduces the lender's risk, making them more comfortable approving the loan, potentially at better terms like lower interest rates. For businesses, offering collateral can strengthen their application and unlock more advantageous borrowing conditions
What is vehicle finance, and how does it work?
You borrow money from a lender to purchase a vehicle, using the vehicle itself as collateral. You repay the loan with interest over a set term, and ownership transfers to you upon full repayment.
Can I finance both new and used vehicles through vehicle loans?
Yes, most lenders, including Shriram Finance offer financing for both new and used vehicles. Interest rates and loan terms may differ based on the vehicle's age and condition.
What is the typical loan term for vehicle finance?
Vehicle financing usually range from 12 to 60 months. Loan tenure and terms may differ based on the vehicle's age and condition.
Are there specific eligibility requirements for Two wheeler loans?
Similar to personal loans, lenders typically require minimum age, stable income, and good credit history
What happens if I default on my two wheeler loan payments?
Defaulting on your loan payments can have serious consequences, including:
- Late payment fees and penalties
- Negative impact on your credit score
- Repossession of the vehicle
- Legal action by the lender
Remember, borrowing involves responsibility. Carefully assess your needs and repayment ability before taking out any loan. It is always important to compare interest rates, terms, and fees associated with the loan before availing one.
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