Tata Capital Blog
  • Aspiration
    • Home Loan
    • Business Loan
    • Education Loan
    • Vehicle Loan
  • Lifestyle
    • Personal Loan
    • Travel Loan
    • Wedding Loan
    • Consumer Durable Loan
    • Home Renovation Loan
  • Protection
    • Medical Loan
    • Insurance
  • Finance Essentials
    • Loan Against Property
    • Loan Against Securities
    • Wealth Management
    • Trends
    • Government Regulations
  • Moneyfy
    • Investments
  • Business
    • Equipment Financing
    • Equipment Leasing
    • Working Capital Loans
    • Term Loans
    • Construction Finance
  • COVID-19
    • CORONAVIRUS
    • GOVERNMENT UPDATES
    • WORK FROM HOME
    • LOCKDOWN SOLUTIONS
    • FINANCE SOLUTIONS

Archives

  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • July 2017
  • June 2017
  • March 2017
  • January 2017
  • November 2016

Newsletter

Enter your First Name and Email Address below to subscribe to our newsletter

Categories

  • Business Loan
  • Construction Finance
  • Consumer Durable Loan
  • CORONAVIRUS
  • Education Loan
  • Equipment Financing
  • Equipment Leasing
  • FINANCE SOLUTIONS
  • Government Regulations
  • GOVERNMENT UPDATES
  • Home Loan
  • Home Renovation Loan
  • Insurance
  • Investments
  • Loan Against Property
  • Loan Against Securities
  • LOCKDOWN SOLUTIONS
  • Medical Loan
  • Personal Loan
  • Term Loans
  • Travel Loan
  • Trends
  • Vehicle Loan
  • Wealth Management
  • Wedding Loan
  • WORK FROM HOME
  • Working Capital Loans

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
Tata Capital Blog
  • Aspiration
    • Home Loan
    • Business Loan
    • Education Loan
    • Vehicle Loan
  • Lifestyle
    • Personal Loan
    • Travel Loan
    • Wedding Loan
    • Consumer Durable Loan
    • Home Renovation Loan
  • Protection
    • Medical Loan
    • Insurance
  • Finance Essentials
    • Loan Against Property
    • Loan Against Securities
    • Wealth Management
    • Trends
    • Government Regulations
  • Moneyfy
    • Investments
  • Business
    • Equipment Financing
    • Equipment Leasing
    • Working Capital Loans
    • Term Loans
    • Construction Finance
  • COVID-19
    • CORONAVIRUS
    • GOVERNMENT UPDATES
    • WORK FROM HOME
    • LOCKDOWN SOLUTIONS
    • FINANCE SOLUTIONS

What are the Documents Required for Two-Wheeler Loan?

by tatacapitalblogSeptember 19, 2020 in Vehicle Loan, no comment
Documents Required Two Wheeler Loan

Riding a two-wheeler is a joyful experience with the wind gushing past your face and the landscape unfolding as you ride on. This close-to-nature experience is why bike riding is as popular as it is. However, the utility of a two-wheeler is not limited to long bike rides to exotic locations. A two-wheeler is very useful in any location, urban or rural. Be it a quick trip to the grocery shop or bringing home a visiting relative from the train station, two-wheeler bikes are functional and convenient. Owning one is not difficult too. Bikes and scooters are available across a wide range of prices. 

Also, a two wheeler loan is a popular financial product fulfilling the aspirations of riders across India. The documents you need to apply for a bike loan can broadly be classified into three categories: 

1. Identity proof

To prove your identity, one of the generally accepted identity proofs needs to be submitted. You have the option to furnish one of the following: 

  • Passport
  • PAN
  • Driver’s license
  • Voter ID
  • Aadhaar card
  • Ration card
  • Identity cards issued by employers may also be accepted

2. Address proof

Some of the documents accepted as identity proof also serve as address proof. The address proof documents required to buy a bike on EMI include the following:

Two wheeler loan documents
  • Passport
  • Voter ID
  • Driver’s license
  • Rental agreement
  • Telephone bill
  • Electricity bill
  • Gas connection bill
  • Ration card
  • Sale deed
  • Recent credit card bill statement
  • Property purchase agreement
  • LIC policy

Additional Read: Getting Home a Two Wheeler? 4 Tips to Follow

3. Income proof

While approving a bike loan, lenders have to be assured that the loan applicant can repay the loan in due course. They ascertain this by looking at the income proof of the applicant. These documents allow the lenders to get a fair idea about the income of the applicant, using which they can decide the loan eligibility. Some of the common documents accepted as income proof include:

  • Latest salary slip
  • Latest Form 16
  • Latest Income tax return
  • Bank statement for the last three months
  • Salary certificate

These, in a nutshell, are the documents required for two wheeler loan that the applicant must furnish.

Additional Read: Different stages involved in availing a Two-wheeler loan

4. Availing the two wheeler loan

You must note that the above list of documents required for bike loan is not exhaustive and may vary from one lender to another. Once you finalize on your lender, you have to prepare the aforementioned documents to avail the loan. Apart from furnishing the documents, you will also have to qualify the various two-wheeler loan eligibility criteria. Often, there are limits on the age of the applicant, the loan value and the tenure of the loan. Residential and employment stability of a predefined period is also sought by lenders.

Tata Capital, with a strong customer base of over 15 lakh, offers attractive two-wheeler loan. The loans can be for up to 95% of the value of the two-wheeler, thus transferring most of the two-wheeler’s value on to EMI. Besides, the simple documentation and processing, competitive interest rate and quality service make Tata Capital a preferred choice for two-wheeler loans.

Apply Now
Share on FacebookShare on Twitter
Previous

Top BS6 Scooters to buy in 2020

September 19, 2020
Next

Key Policy Initiatives for Infrastructure Development and Financing

September 24, 2020

Leave a Reply Cancel reply

Related posts

Best Used Car to Buy in 2021 from the List of Top Used Cars of 2020

Top Used Cars of 2020, Which You Should Consider Buying in 2021

by tatacapitalblogFebruary 11, 2021no comment
Why Are Used Car Loan Trends Spiking Up for Millennials in India

Why Are Used Car Loan Trends Spiking Up for Millennials in India?

by tatacapitalblogFebruary 9, 2021no comment
Why Do People Consider Second Hand Cars to Buy in India as their First Car

Why Do Most People Consider a Used Car as their First Car?

by tatacapitalblogFebruary 7, 2021no comment
Why You Should Buy a Certified Used Car

Why You Should Buy a Certified Used Car?

by tatacapitalblogJanuary 6, 2021no comment

Newsletter

Enter your First Name and Email Address below to subscribe to our newsletter

Recent Posts

  • Long Term Personal Loans Pros and Cons
  • How to Claim Tax Benefits on Education Loan?
  • How to Apply for a Personal Loan Top Up?
  • How to Apply for a Personal Loan Balance Transfer?
  • How Can a Personal Loan Help Save Tax in 2021?

Most Popular

  • What are the Steps Taken by the Government to Fight Coronavirus in India?

    What are the Steps Taken by the Government to Fight Coronavirus in India?

    April 3, 2020
  • Top 5 Mileage Bikes of Honda

    Top 5 Mileage Bikes of Honda

    October 17, 2019
  • Coronavirus: Facts vs Myths

    Coronavirus: Facts vs Myths

    March 12, 2020
  • Top Ten Best Bikes for Your Daily Use

    Top Ten Best Bikes for Your Daily Use

    December 18, 2019
  • Electric Scooter vs Petrol Scooter – Which One to Choose?

    Electric Scooter vs Petrol Scooter – Which One to Choose?

    September 2, 2020

© 2017 Rever Magazine Theme. All rights reserved.