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. 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
The salary requirement for a Two wheeler loan is not very high.
Furthermore, the customer can apply for a Two wheeler loan after the age of 21 years.
The Two wheeler loan is available in every city in India.
Easy to pay back
Flexibility of payment
Speedy Approval in 4 hours
Minimum Documentation process
Indian Overseas Bank
Indian Overseas Bank is a major bank based in Chennai. It was established by Thiru.M. Ct. M. Chidambaram Chettyar in 1937 to encourage overseas banking and foreign exchange operations. It has more than 3003 domestic branches, 3 extension counters, and six branches overseas. It offers internet banking and mobile banking. Two wheeler loan is the best loan provided by the Indian Overseas Bank to their customers. Customers are availing this loan because of a lot of benefits. To avail, the loan one should meet 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 |
|
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:
- 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.