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Andhra Bank Two Wheeler Loan

Two Wheeler Loan

Two wheeler loan is 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. Two wheeler loans come up with the lowest interest rates provided by the bank. Following paragraph, the customer can find the features, eligibility and documentation criteria in order to meet the requirements of two wheeler loan.

Features of Two Wheeler Loan

No prepayment charges: Banks do not charge any prepayment charges if you are able to pay up your loan amount before the termination of tenure.

Extra charges covered: Two wheeler loans cover the cost of various things like accessories, insurance, and even registration. It concludes that the customer can get finance for not only on the vehicles but the essential expenses on the same.

 Tenure of Loan: Customers are provided with reasonable time for the repayment of their two wheeler loan in a  tenure that ranges from 12 to 48 months and in some cases it extended to 5 years.

Flexible Repayment Tenure: Decide your loan tenure to be just 12 months, or 48 months, with our pocket-friendly EMI repayment options.

Fulfill your Every Need: Get up to 100% finance and repay the money at attractive interest rates.

Online Application: Enjoy doorstep service and skip the queues when you log a request online.

Competitive Rates: Bank offers a 2% lower rate of interest.

Andhra Bank

Andhra Bank is a medium sized public sector bank which was founded by freedom fighter and a multifaceted genius, Dr. Bhogaraju Pattabhi Sitaramayya. Andhra Bank was registered on November 1923 and commenced business on 28th November 1923. Two wheeler loans are the most affordable loan provided by the Andhra bank to their customers. To get the two wheeler loan has to go through 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

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.