The country’s largest two-wheeler lender – Shriram City Union Finance has launched an artificial intelligence (AI)-enabled loan platform – Express Two-wheeler Loans (E2L), which can approve an instant loan of up to 100 percent on the price of two-wheelers. This is a fully digital and paperless two-wheeler loan facility for customers, which will be available 24×7 and will allow approval by the chief executive without having to physically visit the branch to submit documents.
Here’s how to apply for a loan approval through the Express Two-wheeler Loans (E2L) platform:
Login to Shriram City Union Finance
Click on two-wheeler loans – option ‘Apply now’
or download the MyShriramCity app.
Step 1: Provide your basic information
Step 2: Select the vehicle
Step 3: Provide your financial details
Step 4: Upload your documents
Step 5: Receive an online voucher (the main sanction letter)
Step 6: Visit the dealer for your bike delivery
“The platform enables both existing and non-Shriram City customers to directly avail two-wheeler loans through our app or website in a completely paperless and digital way. Technology is the backbone of all innovation at Shriram Group and we are constantly working to provide a superior customer experience,” said Mr. YS Chakravarti, MD & CEO, Shriram City Union Finance.
On Tuesday, September 7, shares of Shriram City Union Finance were trading 2.01 percent higher at Rs 2,364.25 apiece on the BSE. Shriram City Union Finance opened on the BSE at Rs 2,289.75 and recorded an intraday high of Rs 2,408.70 and an intraday low of Rs 2,284.25 during the trading session today.