Two Wheeler Loan
Two wheeler loan is the best loan provide by the banks and fulfill the needs of consumers who do not have enough funds to purchase a new vehicle. This loan was provided in the segment of the low-interest rate which makes it possible in the reach of every citizen of a country like India, which is basically a big home for middle-class families and they mostly run on two-wheelers for their various purposes. There are numerous benefits of two wheeler loan which has discussed below.
Features of Two Wheeler Loan
The customer can avail a loan of up to INR 10 Lacs.
Customer loan will be authorized on Road Price i.e., Cost of Two wheeler + Fees of registration + Insurance + Tax)
Other extra expenses for fancy numbers cannot be funded by the bank.
The customer can return the loan within1 to 3 years.
The customer can gets two-wheeler loan all over India.
There would be no check on your CIBIL score.
Yes Bank
Yes Bank is a private sector bank of India. The bank was founded by Rana Kapoor in 2004, besides that the bank has a license from RBI as well. The bank serves its customers in very decent manner. The bank takes care of the needs and comforts of its customers as well. Two wheeler loan is the best loan provided by the Yes Bank. To avail, the two wheeler loan one must go through the eligibility criteria and documentation process.
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.