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Allahabad Bank Two Wheeler Loan

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:

www.magicloans.in

  • 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.