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Repair Top Up Loan Eligibility

Shriram Finance offers Repair/Top-Up Loan at attractive interest rates to individuals and companies who meet our age and income eligibility criteria.

Who can apply?

Who can apply?

All Vehicle Owners

Nature of work

Nature of Business

Nature of Business

Age

Age

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

Minimum years in Business- 3 years

Business Stability

12 Months of work/business stability

Documents Required

With Shriram, you can quickly get a Repair/Top-Up Loan by providing us with any of the following documents from each category.

Eligibility PAN

PAN Card or Form 60

PAN Card or Form 60 if you do not hold a PAN.

Photo Identity

Photo Identity Proof

Aadhaar Card, Passport, Driving License or Voter ID along with the latest passport-size photographs.

Eligibility PAN

Address Proof Document

Aadhaar Card, Passport, Driving License, Gas Connection Card, Water Bill, Electricity Bill, Prepaid Mobile Bill, Telephone Bill or Voter ID.

Money pack

Income Proof Document

Last three month's bank statement or salary slips, Income Tax Returns (ITR), Audited company accounts of last financial year or cash flow statement.

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FAQs

Is PAN Card mandatory?

Yes, PAN Card is mandatory to avail of a Repair/Top-Up Loan from Shriram. However, you can submit Form 60 if you do not hold a PAN Card.

Am I eligible for Repair/Top-Up Loan?

You are eligible for Repair/Top-Up Loan if you

  • Are between 18-60 years of age
  • In transport & related business
  • Are an existing customer of Shriram Commercial Vehicle Loans

Is it mandatory to provide photo identity proof?

Yes, it is mandatory to provide your photo identity proof. You can give any of the following documents: Aadhaar Card/Passport/Driving License/Gas Connection Card/Water Bill/Electricity Bill/ Prepaid Mobile Bill/ Telephone Bill/Voter ID.

Is there a minimum and maximum age eligibility to apply for the loan?

The minimum and maximum age of eligibility is between 18 and 60 years.

Easy & Quick Disbursals on Repair/Top-up Loan