Comprehensive information about our Two Wheeler Loan facility
| Feature | Details |
|---|---|
| Purpose | For purchase of new two wheeler/three wheeler |
| Eligibility | Salaried persons / Businessman |
| Repayment Period | 3 years |
| Rate of interest | Upto 60 Lakh 12% (EMI), Second Hand Vehicle 15% (EMI) |
| Security | Hypothecation of vehicle to be purchased, Two Guarantors |
| Max loan | 75% of Quotation Amount without accessories |
| Documentation |
1. Duly filled prescribed application form 2. Identity and residence proof of the Applicant and Guarantor 3. Income documents a) or b) as applicable a) In case of salaried person, salary slip for last 3 months and bank statement for last 6 months, ITR of the past 3 years b) In case of businessman, last 2 years profit & loss & ITR copies, balance sheet and bank statement of business account for last 6 months 4. Proforma Invoice of the Authorized dealer 5. Driving licence |
| *conditions apply |
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