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Dhanlaxmi Bank Two Wheeler Loan

Two Wheeler Loan

The bike and two-wheeler manufacturing industry in the country has seen drastic development in the last ten years and it continues to escalate. Two wheelers in India comprehend a predominant part of the country. Though it is a convenient and preferred means of transport, it is still not reachable for the majority of the middle-class families to buy one by paying its whole price in one time.

 

Features of Two Wheeler Loan

The customer can avail a loan of up to INR 10 Lacs.

Customer  loan will be authorized on Road Price i.e., Cost of Two wheeler +  Fees of registration +  Insurance + Tax)

Other extra expenses for fancy numbers cannot be funded by the bank.

The loan can be sum up to INR 20 lakhs  (Minimum 10 percent)

Two wheeler loans are given by Central Bank of India with floating fixed interest rates.

2 Wheeler’s basic Rate with 0.40 percent

 

Dhanlaxmi Bank

Nowadays having a two wheeler is the basic requirement of every person. Unfortunately, it oftenly happens that customer don’t have enough money to buy a two-wheeler. In this case, there is no need to worry about. You can still buy a two-wheeler. There are so many banking and non-banking financial organizations that provide a two-wheeler loan; Dhanlaxmi bank is one of them. To avail, a two wheeler loan one must go through the 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

Minimum Annual Income

Rs.84,000/- ( salaried individual)

Rs.72000/- (self-employed)

 

Documentation Required

Photo ID proof

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

 

Interest Rates

Two Wheeler interest rates generally range from 11.50% to 18.25%.

 

How to Apply?

To apply for the two-wheeler loan, visit to the link given below

www.magicloans.in

After visiting on the given link above fill the application form online.

Enter your credentials carefully

Your contact number is required so that an executive can call you in no time

All the queries can be handled by customer care

You will get the disbursal on the same day if processing is done smoothly.