Have you ever considered owning a two-wheeler? A bike loan allows you to purchase a bike of your desire at cheap interest rates and manageable monthly EMI’s. With low-interest rates and a longer loan term, you may budget your repayments according to your circumstances.
Loan Eligibility:
- Minimum age: 18+
- Stable Job for at least one year
- Good CIBIL score
- Permanent contact number
- Permanent home address
Documents Required for a Two-Wheeler Loan:
- Identity proof like PAN card, Aadhar card, passport, etc.
- Address proof like Aadhar card, PAN card driving license, etc.
- Salaried Individuals:
- Bank Statements (6 months)
- Employment letter
- Salary slips
- Self-Employed
- Business details
- STR (sales tax returns)
- Three years ITR (income tax returns)
How to Calculate EMI?
You can calculate EMI’s using the bike EMI calculator. Utilize the calculator to evaluate interest rates and EMIs offered by several banks before making a final decision on the purchase of your chosen two-wheeler.
How to Apply?
To apply online, go to the website of your desired bank, fill out the essential information on the application form. Share the required details asked by the bank. Check if you are eligible using the eligibility criteria to get your loan approval.
To apply offline, contact the bank or visit the nearest branch. The customer care will guide you further with the procedures.
Utilize the bike loan function, which enables you to finance up to 95%* of the bike’s worth with our Two wheeler loan. It is the most effective method of managing your money when you lack other resources.
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