Two Wheeler Loan
No matter what two wheeler you want; from a kinetic to a 500cc racer bike our two wheeler scheme is designed for you. So go ahead, it's your choice. Comfortable repayment options for the bike of your dreams.
Features
- This is a hypothecation loan
- It is available to individuals and professionals
- It is for the purchase of a two wheeler for personal use
| Charges and Limits | |
| Loan Amount | Up to Rs. 40,000/- |
| Margin | 25% |
| Disbursement | – |
| Documentation Charges | 0.5% (Minimum Rs. 250 and Maximum Rs. 500) |
| Primary Security | Hypothecation of vehicles purchased out of Bank Finance. |
| Collateral Security | – |
| Repayment | Maximum 36 months |
For details of Processing Charges & Other charges, prospective customers are requested to contact nearby branches
Terms and Conditions
- An undertaking from the employer to deduct loan installments and interest from the salary of the borrower in case of salaried employees shall be insisted on.
- Branches shall verify credit worthiness, integrity, local standing and repayment capacity of the borrower before entertaining the proposals under the Scheme