Hero Passion
Hero passion was introduced in the market with the long vision of providing their product within the reach of every middle-class family. This bike was one of the best selling bikes in India and at present as well it has maintained its position in the market. Passion has its own variants in the market with unique specifications. One who has the desire of purchasing a new passion but has a lack of funds can apply for two wheeler loan.
Two Wheeler loan
In a Two wheeler loan, customer can borrow the money from the bank at some rate of interest as in other loans but these rates of interest are not that high as compare to other loans. Any individual can easily afford these rates of interest. The Two wheeler loan is considered as a secured loan. However, you don’t pledge any of your property to the bank but you pledge you Two wheeler that you are buying if you won’t return your loan the bank is fully liable to bound your vehicle.
Features of Two Wheeler Loan
You can pay your loan amounts in EMI’s.
Very less documentation process.
The process of application is hassle-free.
You can return the loan within1 to 3 years.
You can get two-wheeler loan all over India.
There would be no check on your CIBIL score.
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
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.