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Indian Bank Two Wheeler Loan

Two Wheeler Loan

Nowadays having a medium of conveyance is a need. Sometimes we have a shortage of funds to meet this requirement, so there is no need to worry about. Banks are providing two wheeler loans at very low interest rates and on easy EMI’s. The two wheeler loan has been made as the hassle-proof process. A person with a low income of source also can apply for a two wheeler loan. Indian Bank provides two-wheeler loan to the customers. 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.

 

Features of two wheeler loan

  1. It is available easily online.
  2. You can buy any two-wheeler with the help of a two-wheeler loan.
  3. The loan is quickly approved and easily disbursed.
  4. The rates of interest are extremely low.
  5. Furthermore, if you are meeting all the requirements of the two wheeler loan then there is no need for any co-applicant.
  6. The requirement of the salary is also very low.
  7. The two wheeler loan is approved very easily.
  8. The documentation process is also very easy in a two wheeler loan.

 

Indian Bank

Indian Bank is one of the recognized banks in India. Indian bank was founded in 1907. The headquarter of the bank is in Chennai, Tamil Nadu. Indian bank is best known for providing the financial products and services to their customers. Indian banks deal in  major products of the bank are loans, credit cards, banking, internet banking, and wealth management. Two wheelers loan are the affordable product provided by the bank for those who have a desire to afford a vehicle. To meet the requirements banks have their 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 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.