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  • Standard Bikes
  •  High-end Bikes

 

Standard Bikes

  Salaried/ Self employed
Age Minimum- 21 Years
Maximum- 65 Years at loan maturity
Loan Amount Minimum- Rs.10,000
Maximum- Rs.3,00,000
Tenor Minimum- 12 months
Maximum- 60 months
Residential Stability Minimum 1 Year
Employment Stability Minimum 1 Year
Income Not mandatory
Loan To Value (LTV) Up to 95%

Documents

Documents Required Salaried Self Employed
ID Proof Passport /Pan Card /Driver's License /Voter's ID/Aadhar Card
Along with recent passport size photographs
Passport /Pan Card/Driver's License/Voter's ID/Aadhar Card
Along with recent passport size photographs
Address Proof Passport/Driver's License /Voter's ID/Utility Bill/Aadhar card/Bank statement Passport/Driver's License /Voter's ID/Utility Bill/Aadhar card/Bank statement
Income Proof if required Last 3 month's salary slips/ Form 16/Last 3 month's bank statement reflecting salary credits/Salary Certificate Latest Income Tax Return (ITR)
Bank Statement Last 3 month's statement is mandatory Last 3 month's statement is mandatory
Residence Ownership Proof Not mandatory Not mandatory

 

High-end Bikes

Parameters Criteria
Age Minimum- 21 Years
Maximum- 65 Years at loan maturity
Loan Amount Minimum- Rs.10,00,000
Maximum- Rs.40,00,000
Tenor Minimum- 12 months
Maximum- 36 months
Residential Stability The residence should be self-owned (parental house is allowed)
Employment Stability Minimum 2 years
Income For Salaried- Rs.15,00,000
For Self Employed- The business income should be Rs.5,00,000
Loan To Value (LTV) Up to 65%

Documents

  Documents Required
ID Proof Passport/Pan Card/Driver's License/Voter's ID along with recent passport size photographs
Address Proof Passport/Driver's License/Voter's ID/Utility Bill
Income Proof if required Last 3 month's salary slips/Form 16/Last 3 month's bank statement reflecting salary credits/3 year's ITR
Bank Statement Last 6 month's statement is mandatory
Residence Ownership Proof Mandatory and should be in the name of Applicant/Applicant's Parents/Spouse