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Loan Details
Two-Wheeler Loan Scheme
Simple and convenient financing solutions for your two-wheeler requirements.
Features & Benefits
- Quick sanctioning of the loan
Purpose
- For purchase of two-wheeler/Electric two-wheeler (Electric two-wheeler registered with RTO) and for commercial purpose – rent bike
Quantum of Loan / Amount
- Max Up to Rs.10 lakhs
Margin
- 10% of on road cost
ROI
12% p.a
Salaried: with monthly rest.
12.50% p.a
Businessmen: with monthly rest.
Documents / Income Proof
- Prescribed application form
- Proforma invoice from approved dealer.
- Latest Photograph, Photo Identity Proof & Residence Proof of the Applicant & Guarantor
- Salaried person: latest salary slips for last 3 months and ITR or form 16 for latest one year
- Businessman/Professional/self-employed: last three years profit & loss account and balance sheet.
Security
- Hypothecation of two-wheeler
- For salaried – Salary certificate compulsory
Surety
- One guarantor to be accepted
Tenure / Repayment
- Max 36 months
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