Two Wheeler Loan
Two wheeler 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, enjoyment purposes etc. Considering this, the banks have come up with the idea of providing two wheeler loan to every individual so that customer has not to shell a lot of money in a once from their pocket.
Features of Two Wheeler Loan
Flexible repayment options
High loan quantum
Do not over-borrow
Other costs covered
Quick processing
Margin of finance
Loan partnership with dealers
Allahabad Bank
Allahabad Bank is one of the prestigious and oldest running banks in India. It is the oldest joint stock in India. It is founded on 24th April 1865, situated in Allahabad. Allahabad Bank came into existence at a crucial juncture when the banking sector was taking shape in India. One of the most important banks by people, Allahabad Bank has a large network in the country.
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 |
|
Min Annual Income |
Rs.84,000/- ( salaried individual) Rs.72,000/- (self-employed) |
Documentation Required
|
Photo ID proof |
2 to 6 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 |
|
Residence Proof |
Electricity bills/rental agreement/property/driving license/ration card |
Rate of Interest
The interest rates provided by the banks are very reasonable and it ranges from 12.50 %.
How to apply for two wheeler loan?
To apply for the two wheeler loan click on the given link below:
- After visiting on the given link above fill the application form online.
- Enter credentials diligently.
- Your contact number is required so that an executive can call you in no time.
- All the queries can be handled by customer care executive online as well as on telecommunication.
- You will get the disbursal on the same day if processing is done smoothly.