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Two Wheeler Loan for Honda Activa

Honda Activa

Honda motor company is a Japanese multinational company, the company was founded in 1948. The model of the scooter was produced in 2001. The scooter has an engine of 125cc. This product is available for anyone who has the desire of purchasing it under two wheeler loan. Honda launched the new version with a 109cc engine in 2009 too. The model is appreciated by the customers because of its unbelievable features and more efficiency.

 

Two Wheeler Loan

In a Two wheeler loan, we borrow money from the bank or non-banking financial organization at some rate of interest for a period of time. Under this loan, the bank provides you loan to buy a scooter, bikes, and other Two wheelers. Bank can finance your Two wheeler up to 90% of the ex-showroom value. You have to pay some rates of interest to the bank also.

Features of Two Wheeler Loan

Flexible repayment options

High loan quantum

Do not over-borrow

Other costs covered

Quick processing

Margin of finance

 

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

  • After visiting on the given link above fill the application form online.
  • Enter credentials diligently.
  • Your contact number is required so that an executive can call you in no time.
  • All the queries can be handled by customer care executive online as well as on telecommunication.
  • You will get the disbursal on the same day if processing is done smoothly.