Shri Aarambh Commercial Vehicle Loans Eligibility
To ensure faster processing and hassle-free loan processing experience - check your Shri Aarambh Commercial Vehicle Loans Finance eligibility criteria below
Nature of Business
Transport Related Business
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 Shri Aarambh Commercial Vehicle Loans 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
Who is eligible to apply for Shri Aarambh Commercial Vehicle Loans?
Individuals engaged in a transport-related business and aged between 18 and 70 years* are eligible.
(*The applicant should not be older than 70 years at the end of the loan tenure.)
What documents are required to apply?
You need to provide:
- Identity & Address Proof (Aadhaar, Passport, Driving License, etc.)
- Income Proof (Bank statements, ITR, audited financials, etc.)
- Relevant asset-related documents, if applicable.
Is income proof mandatory for loan approval?
Yes. Income proof such as the last three months’ bank statement, ITR, or audited financial statements is required to assess eligibility and repayment capacity.
Easy & Quick Disbursals on Shri Aarambh Commercial Vehicle Loans
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