+91 93842 63478 / +91 97151 63478

New / Used Two-Wheeler Loan

The ownership of a two-wheeler not just adds convenience but also makes an impact on your livelihood.
Feel the sense of independence & ease by purchasing a Used / New Two-Wheeler through Shri Chakra Two Wheeler Finance without any hassle!
1.Minimum Down Payment.
2.Zero processing / document charges.
3.Financing vehicles upto 10 years from the date of manufacturing. (for Used Two Wheeler).
4.Instant cash / direct fund transfer to the applicant’s bank account.
5.Guarantor for the loan is mandatory:
a.The guarantor must own a house, if the applicant is in a rented house.
b.If the applicant owns a house, the guarantor can either be in a rented or own house


  1. No credit check and income proof required.
  2. Interest rate can vary from 1.25 % to 2.5 % per month.
  3. Flexible EMI tenure from 1 month to 24 months.
  4. Maximum time for loan processing and disbursement would be around 15 minutes, provided the applicant submits all required documents.
  5. We will assist you for RTO related formalities, if needed.
  6. Insurance for two-wheelers will be arranged, if needed.
  7. Multiple modes of repayment – Online Banking / Payment Wallets / Cash.


  1. Daily wage worker / Salaried / Self – Employed businessmen / Student.
  2. Applicant should be between 18 and 65 years of age.
  3. Reside either in an own / rented house in and around Erode.
Loan Documents


  • Two passport size photos
  • Aadhaar Card
  • Driving Licence / Voter ID
  • Latest Utility Bill (Gas Connection bill, if in rented house)
  • R C Book of the Two Wheeler


  • One passport size photo
  • Aadhaar Card / Voter ID / Driving Licence

* Please note that Shri Chakra Two-Wheeler Finance may ask for additional documents, if needed.

EMI Calculator
EMI Pickup / Collection charges Rs. 150/-
Processing Fee / Document Charge Nil
Valuation and Verification Charges Rs. 150/-
Late Payment Fees Rs. 5/- Per Day for the default days
Fee for NOC/NDC Nil
Foreclosure Charges Within 1 month of loan disbursement date – 3.5%

Within 2 months of loan disbursement date – 7%

Within 3 months of loan disbursement date – 10%

Above 3 months of loan disbursement date – 12%

of the principal outstanding amount

Part Payment Charges Part Payment is not allowed
Legal/Collections/Repossession & Incidental Charges As per actual
Other Charges (If applicable) Rs. 100/-
How to Apply
Apply Online

Visit our Office

Shri Chakra Two Wheeler Finance

8/1, First Floor , Agilmedu 4th Street ,
opposite Maruthi Lorry office,
Erode – 638009

Landmark: Near Kalyan Silks, Erode

+91 93842 63478 / +91 97151 63478