professional essay writersThese loans are given against two wheelers (i.e., Motorcycles, Scooters,). The ticket size varies as per the cost of the vehicle for a maximum tenure of 28 months. This loan is aimed at realizing the dream of owning a vehicle for our customers living in rural areas with a very fast Turn Around Time (TAT) of just 24 hours**.
Requirement Documents:
Pencard
Aadher Card
Driving Licence
| Name of the loan product | Two Wheeler Loan |
|---|---|
| Term of loan | Upto 2 years |
| Maximum loan size | 75% of Asset Cost |
| Minimum loan size | As per requirement of borrower | Security, if any | Hypothecation endorsement in Registration Certificate of assets |
| Repayment policy | Equated Monthly Instalment |
| Loan processing fees | 3% of Loan amount |
| Any other fees | Nil |
| Cheque Bounce Charge | 300 |
| Collection Charge | If Cheque Bounce And EMI Collect By Executive 300/- Per Visit |
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