Shriram Two Wheeler Loan in Vaikom
Two Wheeler Loan Interest Rates and Charges in Vaikom
Shriram Two-wheeler Loan helps you buy your dream bike in Vaikom with easy Equated Monthly Instalments (EMIs).
Our interest rates start at just 10%* p.a., helping you save money on the total cost of the loan over your chosen tenure. At Shriram Finance, we believe in keeping our rates and charges transparent to help customers in Vaikom make smart borrowing decisions.
Learn more about our two-wheeler interest rates from the table below and start your journey towards thoughtful bike ownership in Vaikom.
Shriram Finance Two-Wheeler Loan Eligibility in Vaikom
When applying for a two-wheeler loan with Shriram Finance in Vaikom, you may have to meet stipulated eligibility requirements. The eligibility criteria of Shriram Finance accommodate a wide range of customers in Vaikom. Our application process is simple and straightforward with minimal paperwork. The following sections (eligibility criteria and documentation requirements) help you check if you meet the necessary criteria to qualify for a Shriram Two-wheeler loan in Vaikom.
To ensure responsible borrowing, please read the following two-wheeler loan eligibility requirements carefully if you are applying from Vaikom.
- 21 to 59 years
- Salaried or Self-Employed
- Salaried Professionals: Work experience letter from the current company of at least one year
- Self-Employed Professionals: Should have an active business and show a record of running the business for 2 years successfully
- Co-applicant or guarantor with a stable income and good credit score
- Applicant must be living for at least one year at the current address
Documents Required for Two Wheeler Loan in Vaikom
List of documents required for loan initiation in Vaikom. Kindly furnish any one of the following document(s) listed below.
- Passport
- Driving Licence
- Voter ID Card
- Passport
- Driving Licence
- Gas bill with Gas book
- Bank statements of the last six months
- One cancelled cheque
- ACH form for electronic clearing mandate
- Recent passport-size photographs
- Duly endorsed vehicle registration certificate on receipt
Branches Nearby Vaikom Offering Two Wheeler Loan
Business Hours
- Monday: 09:00 AM - 05:00 PM
- Tuesday: 09:00 AM - 05:00 PM
- Wednesday: 09:00 AM - 05:00 PM
- Thursday: 09:00 AM - 05:00 PM
- Friday: 09:00 AM - 05:00 PM
- Saturday: 09:00 AM - 01:30 PM
Payment Methods
- Cash Payment
- Net Banking
- Debit Card
- UPI
- QR Code Payment
- RTGS and NEFT Transfer
- Cheque Payment
FAQs
To be eligible for a two-wheeler loan at the Shriram Finance Vaikom, you must be an Indian resident aged 18 years or above with a stable source of income. Both salaried and self-employed individuals can apply. Eligibility also depends on your income, repayment capacity, and credit profile.
You’ll need to submit basic KYC documents such as Aadhaar Card (mandatory), PAN Card (mandatory), along with any valid Address Proof (Aadhaar, Utility Bill, Driving Licence, Passport, or Voter ID). Income Proof (salary slip, bank statement, or ITR) may be required based on the loan amount. A recent passport-size photograph is also required.
The two-wheeler loan interest rate at Shriram Finance Vaikom generally starts from 10%* p.a. The exact rate depends on your income, credit history, loan amount, and vehicle type. For the latest rates, please contact the Vaikom branch or visit the Shriram Finance website.
Yes, you can check your two-wheeler loan eligibility online on the Shriram Finance website or app. You can also connect with our Vaikom team for personalised assistance before applying.
The approval process at the Shriram Finance Vaikom is quick and smooth. Once your documents are verified, your loan is typically approved and processed within 24–48 hours.
Yes, a nominal processing fee is applicable for two-wheeler loans at the Shriram Finance Vaikom. The fee varies based on the loan amount and scheme chosen and is shared clearly during the application process.
In most cases, a down payment is required based on the on-road price of the vehicle and the loan amount requested. The Shriram Finance Vaikom team will guide you on the minimum down payment needed.
The loan amount depends on the vehicle’s on-road price and your income. Shriram Finance Vaikom typically offers up to a major portion of the vehicle cost, depending on your eligibility and credit evaluation.
Yes, you can pre-close your two-wheeler loan by visiting the Shriram Finance Vaikom. Pre-closure charges, if any, will be communicated as per your loan agreement.
Shriram Finance Vaikom offers flexible repayment tenures ranging from 6 to 36 months. You can choose the tenure based on your monthly budget and convenience.
Yes, even if you do not have an existing credit history, you can still apply for a two-wheeler loan at Shriram Finance Vaikom. Your eligibility will be assessed based on income stability and other factors.
Yes, Shriram Finance allows you to apply online through the website or the Shriram One app. You can also complete the process offline at the Vaikom based on your convenience.
The EMI is calculated based on the loan amount, interest rate, and tenure. You can use the EMI calculator on the Shriram Finance website or get assistance from the Vaikom team.
Missing an EMI may lead to late payment charges and may affect your future loan eligibility. It’s best to contact the Shriram Finance Vaikom team to manage repayment options if needed.
Yes, valid two-wheeler insurance is mandatory. If you don’t have one, the Shriram Finance Vaikom team can guide you in arranging it.
You can contact the Shriram Finance Vaikom by visiting No 709 BC, 1st Floor, Neelkamal Arcade, Ward No 1 Vaikom Kottayam-686605. Alternatively, call our 18004107711 or raise a service request via the official website or Shriram One app.
