Two Wheeler Loan in Bharatpur

Bharatpur

Bharatpur is the district lies in western part of India. It is the city lies in the eastern part of  Rajasthan.  Bharatpur is the ninth populous city of India. The Royal House of Bharatpur traces its history back to the 11th century. Bharatpur is a part of National Capital Region (NCR) of India. It is also known as ‘lohagarh’ and the eastern gateway to Rajasthan. It is famous for Kaleida National Park which is included in UNESCO’s World Heritage Site. It is located in the golden tourism triangle of Delhi-Agra-Jaipur. It has a large number of national and international visits every year.

Two Wheeler Loan

Two wheeler loan is one of the affordable financial product provided by the banks. This loan was provided in the segment of the low-interest rate which makes it possible in the reach of every citizen of a country like India, which is basically a big home for middle-class families and they mostly run on Two wheelers for their various purposes like at work, enjoyment etc.

 

Features of Two Wheeler Loan
Margin provided by banks: On an average, most Two wheeler loans will pay for up to 90% to 98% margin of finance depending on the individual to individual. Which further results in the customer can make down payment of only 10% of their loan.
Annual pay/income/salary: Banks often offer these loans to people who are earning as low as INR 7000 per month for a salaried individual and INR6,000/- for self-employed
No prepayment charges: Most banks do not charge any prepayment charges if you are able to pay up your loaned amount before your tenure ends. This is often suitable for some because it helps to clear off your debts faster if you can.
Extra charges covered: These loans cover the cost of accessories, insurance, and even registration. This means that customer getting finance for not only on the vehicle but the essential expenses on the same.
Loan Tenure: Borrowers are provided with reasonable time to pay back for their Two wheeler loan with tenures that ranges from 12 to 48 months and in some cases it extended to 5 years.
Credit score/CIBIL: For a first-time buyer for a vehicle or one who is going to opt loan for the first time, Two wheeler loans is a great idea to open the file for the credit score. The customer should have their credit score above 700.

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

www.magicloans.in

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.