Two Wheeler Loan

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:


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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