Two Wheeler Loan
To avail Two Wheeler the bank provides a customer with a funding to buy at some rate of interest. However, this rate of interest is lower than the rate of interest in a personal loan(unsecured loan), so to buy a Two wheeler customer always advised to go for a Two wheeler loan. Two wheeler has come up with its own features and benefits which is discussed below.
Features of Two Wheeler Loan
Two wheeler loans are given by bank with floating fixed interest rates.
2 Wheeler’s basic Rate with 0.40 percent
Very less documentation process.
The process of application is hassle-free.
The customer can pay a loan amount in EMI’s.
State Bank of India
SBI(State Bank of India) is the public sector bank, multinational and financial service company. Its headquarter lies in Mumbai, Maharashtra. SBI is known for its credibility and services among the customers from decades. To fulfill the needs of people the one who wants to purchase two wheeler. SBI has launched two wheeler loans at affordable prices to the customers. To avail two wheeler loan one must be aware of eligibility criteria and documentation process.
Eligibility Criteria
|
Age |
Min. age -21 years Max. age-65 years |
|
Employment Status |
Salaried individual / self-employed |
|
Employment Tenure |
1 year of salaried individual and 6 months for self-employed |
|
Minimum Annual Income |
Rs.84,000/- ( salaried individual) Rs.72000/- (self-employed) |
Documentation Required
|
Photo ID proof |
Colored passport size photograph |
|
Identity proof |
Passport/Voter ID/Driving license/Adhaar card/Pan card |
|
Residence proof |
Electricity bills/passport/voter id/driving license/telephone bills/pan card |
|
Bank Statement |
Last six months |
Interest Rates
Two Wheeler interest rates generally range from 11.50% to 18.25%.
How to Apply?
To apply for the two-wheeler loan, visit the link given below
After visiting on the given link above fill the application form online.
Enter your credentials carefully
Your contact number is required so that an executive can call you in no time
All the queries can be handled by customer care
You will get the disbursal on the same day if processing is done smoothly.