Shriram City Union Launches AI Platform For Express 2-Wheeler Loans: How To Apply

The nation’s largest two-wheeler financer – Shriram Metropolis Union Finance has launched a man-made intelligence (AI) enabled lending platform –  Categorical Two-wheeler Loans (E2L), that enables an prompt mortgage approval of as much as 100 per cent on the on-road worth of two-wheelers. This can be a absolutely digital and paperless two-wheeler mortgage facility for purchasers, which can be obtainable 24×7 and permit the in-principal approval with out having to bodily go to the department to submit paperwork.
 

This is how one can apply for a mortgage approval by way of the Categorical Two-wheeler Loans (E2L) platform:

Log in to Shriram Metropolis Union Finance
Click on on two-wheeler loans – possibility ‘Apply now’
or obtain the MyShriramCity App.

Step 1: Present your fundamental particulars

Step 2: Choose the car

Step 3: Point out your monetary particulars

Step 4: Add your paperwork

Step 5: Get an internet voucher (the in-principal sanction letter)

Step 6: Go to the seller in your bike supply
 

One of many defining options of the Categorical two-wheeler Loans is the BRE supported AI-based instrument, which calculates eligibility and generates an in-principal sanction letter or voucher. Clients can current the voucher quantity to the respective seller. Clients are given most eligibility, which additionally permits them to decide on a costlier model if required.

”The platform will permit each present and non-Shriram Metropolis prospects to avail prompt two-wheeler loans by way of our app or web site in a totally paperless and digital method. Know-how is the spine of all innovation at Shriram Group, and we’re continually working in the direction of offering a superior buyer expertise,” mentioned Mr YS Chakravarti, MD & CEO, Shriram Metropolis Union Finance.

On Tuesday, September 7, shares of Shriram Metropolis Union Finance settled 2.01 per cent increased at Rs 2,364.25 apiece on the BSE. Shriram Metropolis Union Finance opened on the BSE at Rs 2,289.75, registering an intra day excessive of Rs 2,408.70 and an intra day low of Rs 2,284.25, all through the buying and selling session in the present day.