Shriram City Union Launches AI Platform For 2 Wheeler Loan
Shriram City is the country's largest two-wheeler financier. Union Finance has introduced Express Two-wheeler Loans (E2L), an artificial intelligence (AI)-enabled lending platform that enables for a rapid loan approval of up to 100% on the on-road pricing of two-wheelers. Customers will have access to a fully digital and paperless two-wheeler loan facility that will be available 24 hours a day, seven days a week, and will provide in-principal approval without having to physically visit the bank to submit papers. Here's how to use the Express Two-Wheeled Loans (E2L) portal to apply for a loan approval. The BRE-supported AI-based tool, which evaluates eligibility and provides an in-principle approval letter or voucher, is one of the distinguishing elements of the Express two-wheeler Loans. The voucher number can be presented to the appropriate dealer by the customer. Customers are offered maximum eligibility, allowing them to pick a more expensive brand if necessary.