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RBL Bank Two Wheeler Loan

Two Wheeler Loan

The two-wheeler loan helps you to get a new two-wheeler for your personal use, with affordable repayment options. The cost of  two-wheeler loan can be repaid through EMIs. So, if one is planning for a new bike/scooter but a customer don’t have any savings, no worries there is a loan for you called Two-Wheeler Loan. It is a secured loan with a lower interest rate at 10.50 %.

Features of Two Wheeler Loan

The customer can pay your loan amounts in EMI’s.

Very less documentation process.

The process of application is hassle-free.

The customer can return the loan within1 to 3 years.

The customer can get two-wheeler loan all over India.

There would be no check on your CIBIL score.

RBL Bank

Ratnakar bank limited bank is located in Mumbai, a region of Maharashtra, India. The bank has Rs.0.06 million cr gross business size. RBL Bank has six specialized services: Corporate & Institutional Banking, Commercial Banking, Branch & Business Banking, agri-Business Banking, Development Banking, and Financial Inclusion, Treasury and Financial Markets Operations. Two Wheelers are the necessity of most individual and RBL bank is fulfilling the dreams of many by providing two wheeler loans to them.  Following is the eligibility criteria and the documentation process through which a customer should go through.

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

Two Wheeler interest rates generally range from 11.50% to 18.25%.

 

How to Apply?

To apply for the two-wheeler loan, visit the link given 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.