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Working Capital Loan Eligibility

Who can apply?

Who can apply?

Transport business operators and commercial vehicle owners

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

Work Stability

12 Months of work/business stability

Documents Required

With Shriram Finance, you can quickly get a Working Capital Loan by providing us with any one 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. 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.

Eligibility Document

Other Documents

Recent passport size photographs, Income Proof Documents, Trading/Profit and Loss Account for the last three years, Balance Sheet for the last three years, Bank Statement for the last six months, Post Dated Cheques and Electronic Clearing Mandates (ECS) Collateral Security pledge/Hypothecation/Mortgage.

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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 are between 18 and 60 years.

Is PAN Card mandatory?

Yes, PAN Card is mandatory to avail of a Working Capital Loan from Shriram. However, you can submit Form 60 if you do not hold a PAN Card.

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 or Voter ID.