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Two Wheeler Loan

Loan Information

Two Wheeler Loan Details

Comprehensive information about our Two Wheeler Loan facility

Facility Details

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

Eligibility Criteria

  • Indian Resident
  • Age: 21-65 years
  • Stable income source
  • Two guarantors required
  • Valid driving license

Documents Required

  • Identity Proof (Aadhaar/PAN/Voter ID)
  • Address Proof
  • Income Proof (Salary slip/ITR)
  • Vehicle quotation/invoice
  • Driving license
  • Passport size photographs (2 nos.)