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Key Features of Our Two-Wheeler Loans

  • Loan Amount: Up to ₹5 Lakhs based on the cost of the two-wheeler and your creditworthiness.
  • Flexible Tenure: Repayment period of up to 5 years.
  • Competitive Interest Rates: Starting from 10.99% p.a.
  • Minimal Documentation: Quick processing with simple paperwork.
  • Fast Disbursement: Get your loan approved and funds disbursed within 24 to 48 hours.
  • No Hidden Charges: Transparent terms with no additional fees.
  • Loan for New & Used Bikes: Loans available for both new and second-hand motorcycles or scooters.
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Who We Are

Types of Two-Wheeler Loans We Offer

  • New Two-Wheeler Loan: Finance the purchase of a new motorcycle or scooter.
  • Used Two-Wheeler Loan: Get a loan to purchase a second-hand motorcycle or scooter at a more affordable price.
  • Top-Up Two-Wheeler Loan: If you already have an existing two-wheeler loan, you can avail additional funds for upgrading or repairs.
  • Flexible Down Payment Options:dd as collaterr tuition fees, books, or other academic requirements.
  • Gold Loan for Debt Consolidation: Use the loan to consolidate multiple debts and ease your financial burdens.
  • Top-Up Gold Loan: Get additional funds on top of your existing gold loan for unexpected expenses or business growth.

Eligibility Criteria for Two-Wheeler Loans

To qualify for a two-wheeler loan, whether you are salaried or self-employed, you must meet the following criteria:

  • Age: 21 to 60 years.
  • Income: Stable monthly income (minimum ₹12,000 for salaried individuals and ₹15,000 for self-employed).
  • Credit Score: 650+ (preferred for better interest rates).
  • Salaried Individuals: Must be employed with a stable income from a private or government organization.
  • Self-Employed Individuals: Must have a stable business or income source with a minimum of 2 years of experience in the current profession or business.

Documents Required for Two-Wheeler Loan

The documents required for a two-wheeler loan are the same for both salaried and self-employed individuals:

  • KYC Documents: PAN Card, Aadhar Card, Passport, or Voter ID.
  • Income Proof: Latest 3-6 months salary slips or bank statements.
  • Bank Statements: Last 3-6 months to verify financial stability.
  • Residence Proof: Utility bills, rental agreement, or government-issued documents.
  • Vehicle Details: Proforma invoice from the dealer, including details of the vehicle you wish to purchase.
  • Dedicated Customer Support: Offers personalized assistance for all financial products, ensuring a smooth experience.
Conclusion:

Two-wheeler loans are a practical and accessible financing option for individuals who want to own a motorcycle or scooter without bearing the full cost upfront. These loans help improve personal mobility, save on transportation costs, and enhance overall convenience, especially in urban and semi-urban areas. The availability of competitive interest rates, flexible repayment tenures, and minimal documentation makes two-wheeler loans an attractive choice. However, borrowers should carefully evaluate loan terms, including interest rates, processing fees, and foreclosure charges, before finalizing a lender. Comparing multiple loan offers can help secure the best deal and reduce the overall cost of borrowing.