Two Wheeler Loan
Own Your Ride: Hassle-Free Two-Wheeler Loans Await!
- To purchase new two wheeler vehicle. (Petrol / Electrical)
- The applicant must be a member of the bank and have an active banking relationship with the bank.
- Individual salaried persons (confirmed in service); Minimum gross salary: 12, 000/- p.m. (for salaried applicants).
- Total deductions, including the proposed EMI, must not exceed 65% of gross salary.
- Self-employed, businessperson, professionals with sufficient present repaying capacity and ITR not less than Rs.1,50,000/-p.a.
- Minimum DSCR to be 1.30: 1
ELIGIBLE AMOUNT FOR LOAN
- Loan amount covers entire cost of the vehicle excluding Insurance.
PERIOD OF LOAN
- Maximum Period 60 Months
MARGIN
- Two Wheeler Loan – For New Two Wheeler (Petrol/Electrical : 10% margin
GUARANTOR
- No guarantor up to loan amount Rs. 1.00 Lakh
- At least One Guarantor for loans above Rs. 1.00 Lakh
RATE OF INTEREST
- For E-Vehicles: 12.50%* P.A
- For Other Vehicles: 14.50%* P.A
Rate of Interest (ROI):
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