Two Wheeler Loan
Tired of waiting to ride your dream bike? Just avail a two wheeler loan
Two Wheeler Loan
You can avail a two wheeler loan secured against your two wheeler (The two wheeler is the collateral) .You can also avail a two wheeler loan without collateral. Your bank would charge you a higher rate of interest if your two wheeler loan is unsecured.
Why avail Two Wheeler Loans?
Low Interest
Banks offer two wheeler loans at competitive interest rates. Women borrowers get a discount on the interest rates.
Special Schemes
You get two wheeler loans at a lower rate of interest in the festive seasons.
Easy Documentation
Hassle Free Documentation. The loan is processed within 48 hours. Loan financing up to 85% of on road price of the motor cycle.
Flexible Tenure
Flexible repayment and tenure. No Guarantor or Collateral required for this loan.
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Thinking of Availing a Two Wheeler loan
Documents Required To Avail a Two Wheeler Loan
You need an identity proof such as a
- Pan card, Passport, Voters Identity or a Driver’s license.
- You need an address proof such as a Passport, Voters card, Driver’s license, Utility bills (Electricity or a water bill) or a ration card.
- You need an income proof such as your last three months salary slip or the Form 16.
- You might also need to show your bank statements of the last three months.
Eligibility criteria to avail a Home Loan
- You should be at least 21 years old at the time you apply for the loan, and less than or equal to 65 years at the maturity of the loan.
- You should be residing in the city for at least a year. You should be working for at least one year.
- You should have a landline number either at your residence or at office.
- You need a minimum CIBIL score of 700 for the final sanctioning of your loan.