Documents Required for Two Wheeler Loan
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You must submit the required documents to prove your 2-wheeler loan eligibility. Here is the bike loan documents list-
You must produce these documents to avail of a loan. Here is the bike loan documents list-
ID Proof – Passport /Pan Card /Driver's License /Voter's ID/Aadhar Card Along with recent passport size photographs
Address Proof – Electricity Bill/ Passport
Keep these loan on bike documents ready in advance for a hassle-free process.
Two wheeler loan interest rate is the rate at which you'll have to pay interest on a standard or super bike loan amount over a specified tenure. Bike loan interest rate is usually expressed as a percentage.
A Bike EMI calculator is a quick, easy, and safe way to calculate your potential EMIs accurately. To use the calculator, all you need to do is enter the Principal amount, Rate of Interest, and Loan tenure and the calculator will automatically show results within seconds.
To view the Specific Agreement, please click on the link below.
To avail of a loan, you'll have to produce the following documents-
ID Proof documents – PAN Card/Driver’s License/Passport/Aadhaar Card/Voter’s ID and two passport-sized photographs
Address Proof documents – Electricity Bill/ Passport
Keep these two wheeler loan documents ready in advance for a hassle-free process.
Your credit report contains details of your past borrowings and repayments. It reflects who you are as a borrower. Based on the credit report, you receive a score called the CIBIL or credit score on a scale from 300 to 900. A low CIBIL score will portray you as a high-risk borrower in the eyes of a lender and vice-versa. Lenders prefer that your credit score for bike loan eligibility be at least 750 or above for loan sanctioning. If you have a very low CIBIL score, lenders may altogether reject your two wheeler loan application even if you have all the required documents for bike finance.
Yes, a salaried individual can get a two wheeler loan to purchase a vehicle for personal use. However, they must check the eligibility before submitting the required bike finance documents for verification.
A self-employed individual can avail of a two wheeler loan by running a thorough bike loan eligibility check and submitting the required bike finance documents. Here is a list of the bike loan documents-
ID Proof documents such as Passport/Voter’s ID/Aadhaar Card/Driver’s License along with recent passport size photographs
Address Proof documents such as Electricity Bill/ Passport
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