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Indian Overseas Bank Two Wheeler Loan

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


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.