Shriram Finance Car Loan Apply Online


Are you dreaming of driving your own car? Shriram Finance can help make that dream a reality! With their easy and convenient online car loan application process, getting the funds you need to purchase your dream vehicle has never been easier. In this blog post, we will guide you through the eligibility criteria, interest rates, charges, and step-by-step instructions on how to apply for a Shriram finance car loan online. So buckle up and let’s get started on your journey towards owning a brand new car with just a few clicks!

Shriram Finance Car Loan Apply Online

Also Read : Shriram Finance Car Loan Interest Rate

Eligibility criteria for Shriram finance car loan

Eligibility criteria play a crucial role when applying for any kind of loan, and Shriram Finance car loan is no exception. To ensure that your application is considered and approved, it is important to meet certain eligibility requirements.

The applicant must be at least 21 years old at the time of application. Additionally, they should have a stable source of income with a minimum monthly salary requirement specified by Shriram Finance. This ensures that the borrower has the financial capability to repay the loan amount.

Furthermore, individuals who are salaried employees or self-employed professionals can apply for this car loan. The documentation required may vary depending on their employment status. It is essential to provide all necessary documents accurately and completely to avoid any delays in processing.

Additionally, applicants should have a good credit score as it reflects their creditworthiness and repayment history. A higher credit score increases the chances of approval and also helps negotiate better interest rates.

It’s worth noting that meeting these eligibility criteria doesn’t guarantee automatic approval but significantly improves your chances of obtaining a Shriram Finance car loan successfully!

Interest rates and charges

Interest rates and charges are an important factor to consider when applying for a car loan. Shriram Finance understands this and strives to offer competitive rates that suit the needs of its customers.

The interest rates for Shriram Finance car loans vary depending on factors such as the loan amount, repayment tenure, and the borrower’s creditworthiness. It is always advisable to compare different lenders’ interest rates before making a decision. This will help you find the best deal that fits your financial situation.

In addition to interest rates, there may be certain charges associated with Shriram Finance car loans. These charges could include processing fees, documentation charges, prepayment penalties, late payment fees, and stamp duty charges. It’s essential to understand these charges upfront so that you can plan your finances accordingly.

To get detailed information about the interest rates and charges applicable to your specific loan requirements from Shriram Finance, it is recommended to visit their official website or contact their customer service team directly.

Remember that while interest rates play a significant role in determining the overall cost of borrowing, other factors like repayment tenure and additional fees should also be taken into consideration when evaluating different car loan options.

Also Read : CC Bank Jewel Loan Interest Rate

How to apply for Shriram finance car loan online

Applying for a car loan has never been easier with Shriram Finance. They offer a seamless online application process that makes it convenient and hassle-free for customers to get the financing they need for their dream vehicle.

To apply for a Shriram finance car loan online, follow these simple steps:

  1. Visit the official website: Start by visiting the Shriram Finance website. Look for the car loan section or search specifically for the car loan application page.
  2. Fill out the application form: Once you’ve found the application page, fill out all necessary details accurately and completely. Make sure to provide your personal information, contact details, employment history, and income details as required.
  3. Submit supporting documents: Along with your application form, you will also need to submit certain supporting documents such as identity proof, address proof, income proof, bank statements, etc. Ensure that you have these documents ready in digital format before starting your online application.
  4. Review and submit: After filling in all relevant information and attaching necessary documents, double-check everything to ensure accuracy and completeness. Once you are satisfied with your submission, click on the “Submit” button to send in your application.
  5. Wait for approval: After submitting your online application successfully, sit back and wait for Shriram Finance’s team to review it thoroughly. They will assess your eligibility based on various factors like credit score, repayment capacity,and other criteria specific to their lending policies.
  6. Check Application status : You can check the status of your application through an online portal or reach out directly via phone or email if needed.

By following these easy steps,you can conveniently apply for a Shriram finance car loan at any time from anywhere! So why wait? Apply now and drive home in style with that new set of wheels you’ve always wanted!

Documents required

When applying for a Shriram finance car loan online, there are certain documents that you will need to submit. These documents serve as proof of your identity, address, income, and ownership of the vehicle. Here’s a list of the essential documents required:

  • Identity Proof: You will need to provide a copy of your PAN card, Aadhaar card, passport, or driver’s license.
  • Address Proof: Documents such as your Aadhaar card, passport, utility bills (electricity/water/telephone), or rental agreement can be submitted as proof of address.
  • Income Proof: Depending on your employment status, you may need to submit different income-related documents. Salaried individuals should provide their latest salary slips and bank statements for the last three months. Self-employed individuals must furnish their IT returns along with audited financials for the previous two years.
  • Vehicle Documents: If you have already selected a vehicle at the time of application, you will be required to submit relevant documents such as proforma invoice/bill from the dealer/seller and RC book transfer papers.

Remember to keep these documents handy before starting your online application process for a Shriram finance car loan!


1. Can I apply for a Shriram finance car loan online?

Yes, you can easily apply for a Shriram finance car loan online. The process is quick and convenient, allowing you to submit your application from the comfort of your own home.

2. What are the eligibility criteria for a Shriram finance car loan?

To be eligible for a Shriram finance car loan, you must meet certain requirements such as:

– You must be at least 21 years old.
– You should have a stable source of income.
– Your minimum monthly income should meet the specified criteria.
– You need to provide all necessary documents as proof of identity, address, and income.

3. What is the interest rate charged on Shriram finance car loans?

The interest rates on Shriram finance car loans vary depending on factors such as the type of vehicle, loan amount, repayment tenure, and your credit history. It is best to check with their official website or contact their representatives directly for accurate information regarding current interest rates.

4. How long does it take to get approval on my Shriram finance car loan application?

Once you have submitted your online application along with all required documents, it usually takes around 24 to 48 hours for the approval process to be completed. However, this may vary depending on various factors and individual circumstances.

5. Are there any additional charges associated with Shriram finance car loans?

Yes, apart from the interest rate charged by the lender, there may be additional charges applicable such as processing fees or documentation charges. It is important to carefully review these charges before proceeding with your application.

6. Can I prepay my Shriram finance car loan before its completion date?

Yes! You can choose to prepay your Shriram finance car loan before its completion date without any penalty in most cases. However, it’s always recommended to go through the terms and conditions of your loan agreement to understand.

Leave a comment