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Shriram City Union Finance offers 5.5% two-wheeler loans

NEW DELHI: Shriram City Union Finance (Shriram City), a two-wheeled financier, offers an attractive interest rate as low as 5.5%. Also, upon timely reimbursement of EMIs, the customer is likely to get a refund on an EMI. The program offers instant approval, no processing fees, no documentation fees and no EMI advances, with no hidden charges. All festive offers are valid until November 30.

The features of the two-wheeled loans introduced by Shriram City are as follows:

1. Low Interest Rate Scheme – The interest rate charged is as low as 5.5%.

2. 100% LTV Program – This program provides customers with a low down payment option, which reduces customers’ initial costs. Financial assistance is provided to all product companies (manufacturers) for all major costs.

3. Two-Minute Approval Program – Instant loan approval, also known as the “Green Channel”.

4. Triple Zero Program – Under this program, the client will not pay any processing fees, documentation fees or EMI advances.

5. Cash Back Offer – In this offer, if customers regularly pay all installments according to the repayment schedule, they will be refunded an EMI.

YS Chakravarti, MD and CEO, Shriram City Union Finance, said, “After two sluggish years, the holiday spirit is finally back and optimistic consumer sentiment is expected to propel sales and hence spending. Steady monsoon is restoring confidence in demand recovery in rural India as urban demand has picked up. Pre-festival demand indicators for the month of August-September were positive for 2-wheelers. We expect the high demand for 2-wheelers to continue during the holiday season from October to November. Based on walk-ins and inquiries, we expect 2-wheeler disbursements to exceed pre-pandemic levels throughout this festive season. Sales and financing of electric 2-Wheelers are also significantly higher than they were before the pandemic. The easing of the supply chain and rising domestic consumption should provide a significant boost to seasonal demand.”

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Cory E. Barnes

The author Cory E. Barnes