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Canara Bank Two Wheeler Loan

Two Wheeler Loan

For the different individual,  two-wheeler serves for different purposes. For some, it is fulfilling a dream, while for others it represents a mode of transportation that can take them efficiently from one place to another. 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 Tenure: Decide your loan tenure to be just 12 months, or 48 months, with our pocket-friendly EMI repayment options.

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

Easy Repayment Schemes: Easily calculate your EMI.

Quick Loans: Check your loan eligibility, get quick approvals.

Rates: Customer can easily buy a Two wheeler at low rates of interest.

Process: The documentation process in a Two wheeler loan is very less as compared to other loans.

Canara Bank

Canara Bank provides a personal loan to PSUs, corporate employees, government departments, institutions, self-employed persons, etc. Canara Bank is one of the oldest banks in the country and was established in July 1906 in Mangalore. It has products like personal loans, vehicle loans, home loans, education loans and loan against property. Two wheeler loan is the easily accessible loan for anyone who has the desire of purchasing a vehicle.

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.