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Corporation Bank Two Wheeler Loan

Two Wheeler Loan

Nowadays having a medium of conveyance is a basic need. Sometimes the customer has a shortage of funds to meet this requirement, so there is no need to worry about. The customer can apply for a two wheeler loan, provides two-wheeler loan to the customers. The customer can buy any two-wheeler according to your comforts and pay the EMI’s. This is the easiest and most convenient way to buy a two-wheeler. This loan is a secured loan so rates of interest are quite low as compared to other loan or you may say less than the unsecured loans.

 

Features of Two Wheeler Loan

The loan is available easily online.

The customer can buy any two-wheeler with the help of a two-wheeler loan.

The loan is quickly approved and easily disbursed.

The rates of interest are quite low.

The customer can pay loan amounts in EMI’s.

It requires very less documentation process.

The process of application is hassle-free.

The customer can return the loan within1 to 3 years.

The customer can get two-wheeler loan all over India.

There would be no check on your CIBIL score/Credit score.

 

Corporation Bank

Corporation Bank is a banking company. It was founded in the Temple Town of Udupi, by a small group of philanthropists in 12th March, 1906. Its headquarter is in Mangalore, India. Bank has 6,677 functional units comprising 1707 branches, 1425 ATMs, & 3545 branchless banking units present all over the country.  Corporation Bank Two Wheeler Loan is the finance option, that enables an individual to buy a bike when the person does not have the cash to pay for vehicle. Corporation is a scheme that helps people in converting their dream of buying a vehicle into reality. Any person who wants to buy a vehicle, but do not have funds, can avail this loan.

 

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 starts at 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.