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Kotak Mahindra 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. 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. Two wheeler loan is the most popular loan among all the loans. In the following content, now will get the features, eligibility criteria and documentation.

 

Features of Two Wheeler Loan

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

Easy Repayment Schemes: Easily calculate your EMI.

Quick Loans: Customers can get quick approvals of your loans.

Full Transparency:  Two wheeler loan is fully transparent.

Hassle Free process: Paper free and easy online application process

Repayment:Flexible repayment options

Easy documentation: Easy & Simple documentation

 

Kotak Mahindra Bank

Kotak Mahindra Bank is an Indian financial service firm. It was established in 1985. It was previously known as Kotak Mahindra Finance Limited.  It is known as a non-banking financial company. In February 2003, Kotak Mahindra Finance Ltd the group flagship company was given the license to carry a banking business by the Reserve Bank of India (RBI). Kotak Mahindra Finance Ltd. Two wheeler loan is the lucrative option for customers provided by the banks.

 

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

The rate of interest on loans is quite affordable for any individual.  The rate of interest starts at 12.50% and above.

 

How to apply?

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.