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Karnataka Bank Two Wheeler Loan

Two Wheeler Loan

Two wheeler loan is basically an aid provided to an individual to buy a two wheeler especially. The rate of interest on a two wheeler loan is quite affordable for anyone who has the desire to own a vehicle. The customer can buy a bike, scooter or even a super premium bike using a two wheeler loan. While most of us dream of owning that dream of a motorcycle or scooter but only a few can fulfill it because of lack of financing. Luckily bank has provided the facility of two wheeler loans, which makes owning a two-wheeler has become easier for any individual.

 

Features of Two Wheeler Loan

Competitive Rates: Bank offers a 12% of interest rate.

Easy Repayment Schemes: Easily calculate your EMI.

Popularity: Two wheeler loan finance allow the customers to pay their EMI comfortably.

Funding: Many banks have made the funding of up to 90% to 95% depending on an individuals case.

Credit Score: To avail the two wheeler loan, the customer should have a civil score of at least 700 and above.

Funding: Many banks have made the funding of up to 90% to 95% depending on an individuals case.

 

Karnataka Bank 

The Karnataka Bank Ltd.isa scheduled commercial banking institution based in Mangaluru in Karnataka, India. This bank was founded in 1924. Karnataka bank deals in retail banking, corporate banking, finance and insurance, credit card, Mortgage loans, private banking, wealth management, and investment banking as well.  Two wheeler loans are the best product provided by the bank and it is affordable for every individual who has the desire of purchasing a new vehicle. To meet the requirements for two wheeler loan, one must meet the eligibility criteria and documentation of the 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

  1. After visiting on the given link above fill the application form online.
  2. Enter your credentials carefully
  3. Your contact number is required so that an executive can call you in no time
  4. All the queries can be handled by customer care
  5. You will get the disbursal on the same day if processing is done smoothly.