Shriram Finance Ltd.

Shriram Finance has executed a Master Agreement on August 7, 2024 for extending financial assistance and / or credit facilities for LAP Loans and/or New Commercial Vehicle Loans to eligible borrowers under the scheme of co-lending by way of back-to-back assignments of loans/ loan portfolios in tranches with Axis Bank in accordance with Guidelines issued by the Reserve Bank of India in this regard.

The risk sharing ratio of the loan shall be as per the Master Agreement. The company shall also act as the Servicer and the collections/monitoring will be managed by the Company. The Bank shall also pay service charges to the company based on a pre-agreed formula subject to certain terms and conditions as set out in the Master Agreement.

Shriram Finance (Formerly Shriram Transport Finance Company) is one of the largest asset financing NBFC in the country and holistic finance provider for the commercial vehicle industry and seeks to partner small truck owners for every possible need related to their assets.