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Quick Approval, High Financing and More! Explore the Ton of Features of
Shriram Two Wheeler Loan

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Two-wheeler Loan: How to Apply

Applying for a Shriram Two-wheeler Loan is an easy and straightforward process. Our user-friendly online application portal makes the entire process quick and hassle-free. 

Once you fill the application and upload the necessary documents, our representative will reach you out and take the process ahead. This streamlined process helps you get the funds you need quickly so that you can focus on choosing the bike you desire. Begin your journey today and fulfil your two-wheeler purchase in no time.

Steps to Get an Online Two-wheeler Loan

Applying for a two-wheeler loan online from Shriram Finance is convenient and easy. Follow these steps to get started:

how-to-apply

  • Step 1

    Register with your mobile number.

  • Step 2

    Enter your personal details.

  • Step 3

    Collect your loan voucher and visit the dealership.

  • Step 4

    Meet the loan representative. Submit the KYC documents and finish the application process.

Steps to Get an Offline Two-wheeler Loan

If you’re comfortable with applying for a Shriram Two-wheeler Loan in-person, feel free to visit your nearest branch. Then follow these steps:

    • Step 1 Visit the branch closest to you and discuss your loan requirements.
    • Step 2 Talk about your desired loan amount and preferred repayment tenure.
    • Step 3 Complete and submit the application.
    • Step 4 Once your application is reviewed and approved, Shriram Finance will start the loan disbursal process.

Online or Offline Two-wheeler Loan: Which is Better?

There is no one right way to apply for a two-wheeler loan from Shriram Finance. It all depends on your convenience. Both options come with their own set of benefits. Let us compare the two options to understand the differences better:

Online ApplicationFactorsOffline Application
No need for branch visit, you can apply from anywhereConvenienceNeed to visit the branch
Less personal interaction with loan representativesPersonal TouchOffers a more personalised experience
Often quick due to its digital processSpeed of ApprovalMay take longer to process the application
Often needs less paperwork, everything can be uploaded digitallyDocumentation RequirementsRequires physical submission of documentation

Factors to Consider While Applying for a Two-wheeler Loan Online

It is important to consider a few factors before applying for a two-wheeler loan to enhance your chances of approval:

    • Loan Amount

      Always choose a loan amount that you can comfortably repay.

    • Interest Rates

      The interest rate impacts the overall cost of the loan. Try to negotiate for a lower interest rate.

    • Loan Tenure

      Choose your repayment term wisely. A longer tenure means smaller EMIs but more overall interest paid. A shorter tenure may lead to bigger EMIs but lesser total interest paid.

    • Down Payment

      Try to make a larger down payment to reduce the principal loan amount and negotiate a better interest rate.

Two-wheeler Loan: How to Apply FAQs

How can I apply for a Shriram Two-wheeler Loan?

You can apply for a Shriram Two-wheeler Loan online or offline. Online application saves time and may expedite the process. Offline application offers a more personalised experience.

What is the right time to apply for a two-wheeler loan?

Once you’re ready to purchase a two-wheeler and can afford comfortable EMIs, you may apply for a bike loan online or offline from Shriram Finance. Also check the market conditions to determine what the interest rate trends are.

How much time does it take to process a two-wheeler loan?

Processing a two-wheeler loan from Shriram Finance may take as little as a few hours to days. But it depends on your credit history, completion of documentation and eligibility.

How can I check my Shriram Two-wheeler Loan status?

Visit the Shriram Finance customer service portal and log in using your credentials to check the status of your application. You can also use the Shriram One app to check the status.

Is it safe to apply for a bike loan with Shriram Finance?

Yes, absolutely! It is completely safe to apply for a two-wheeler loan with Shriram Finance. All your information is protected. But you must only apply through the official portal or Shriram One app.

What information should I provide while applying for a Shriram Two-wheeler Loan?

You need to provide your personal details, financial proofs, employment details and information about the two-wheeler you’re buying.

How can I submit KYC documents in Shriram Finance for a two-wheeler loan?

You can submit the KYC documents by visiting any Shriram Finance branch or by uploading them online.

Low Processing Charges & Quick Loan Disbursals on Two-Wheeler Loan