Shriram City records highest-ever 2-wheeler loans of Rs 1,022 cr in November

This was the 2nd consecutive November erstwhile the NBFC has crossed the Rs 1,000-crore disbursement mark.

Shriram City Union Finance, the Chennai-based starring two-wheeler NBFC and portion of Shriram Group, has disbursed the highest ever loans amounting to Rs 1,022 crore to 1.6 lakh two-wheelers successful November 2021.

This was the 2nd consecutive November erstwhile the NBFC has crossed the Rs 1,000-crore disbursement mark. The charismatic financing offers during the festive play person stood retired arsenic 1 of the cardinal drivers, with an further propulsion by the summation successful radical question and betterment successful agrarian request starring to elevated disbursements. With the expanding request for electrical vehicles (EVs), the NBFC foresees a emergence successful the mean indebtedness summons size which volition assistance successful touching caller milestones, according to a institution release.

Shriram City chiefly caters to salaried and non-salaried buyers inclined towards the entry-segment two-wheelers having the highest request crossed categories. The increasing request and intuitive usage of AI-powered lending interfaces person triggered wide adoption by consumers and channels, thereby creating a web effect successful further adding volumes. Followed by their milestone of financing implicit 1 crore two-wheelers, Shriram City Union is present the largest two-wheeler financer successful India, offering app-based lending, paperless receipting, and contactless loans, it added.