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Vehicle Insurance Finance Eligibility

Who can apply?

Who can Apply?

Individuals as well as Business Entities

Nature of work

Nature of Business

Registered businesses, salaried, professionals and self employed

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

Availing a Vehicle Insurance Finance from Shriram is easy, simple and a hassle-free process. Kindly find below the 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 the 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 the last three months (or) Income Tax Returns (ITR) (or) Audited Company accounts of the previous financial year (or) Cash Flow Statement.

Money Disbursement

Asset-Related Documents (Pre-Sanction)

Proforma invoice & Margin Money Receipt for new asset (or) Sale Deed for used asset purchase (or) Valuation Report in case of Used Asset (or) Registration certificate for a used asset (or) original invoice for an unregistrable asset (or) Comprehensive Insurance Policy.

Money Disbursement

Asset Related Documents (Post-Disbursement)

The original invoice for a new asset with hypothecation in favor of Company, Registration certificate, and hypothecation in favor of Company, Insurance policy hypothecation in favor of Company.

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FAQs

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

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

Minimum age is 18 and a maximum of 60 years.

Is PAN card mandatory?

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

Easy & Quick Disbursals on Vehicle Insurance Finance