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Tax Finance Eligibility

To ensure faster and hassle-free loan processing experience – check your Tax Finance eligibility criteria below

Who can apply?

Who can Apply?

Transport business operators and commercial vehicle owners

Nature of work

Nature of Business

All businesses

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

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 or Passport or Driving License or Voter’s ID along with latest passport-sized photographs

Eligibility PAN

Address Proof Document

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

Money pack

Income Proof Document

Last three months’ bank statements or Salary Slips for last three months or Income Tax Returns (ITR) or Audited Company accounts of last financial year or Cash Flow Statement

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FAQs

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.

Is it mandatory to provide photo identity proof?

Yes. It is mandatory to provide your photo identity proof. You can provide any one of the following documents: Aadhaar Card or Passport or Driving License or Gas Connection Card or Water Bill or Electricity Bill or Prepaid Mobile Bill or Telephone Bill or Voter’s ID.

Is PAN card mandatory?

Yes. PAN card is mandatory to avail a Tax Finance from Shriram. However, you can submit Form 60 if you do not hold a PAN card.

On what criteria may the Tax Finance be sanctioned to me?

The minimum requirements to avail the loan are as follows:

  • Must be 18 to 60 years old.
  • Preferably in transport or related business
  • Must have a stable work record in transport and related business for a minimum of six months.

 

Easy & Quick Disbursals on Tax Finance