Skip to content

Two Wheeler Loan for Hero Passion

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

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.