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Two Wheeler Loans |
ELIGIBILITY:
Individuals including professionals and salaried class.
Quantum of loan:
Salaried class : 80 % of the invoice value or 15 months of net salary whichever is less.
Professionals & other non-salaried class : 80 % of the invoice value or to the extent of 50 % of their annual net income in the immediate previous year whichever is less.
Repayment:
PLEASE VISIT OUR PAGE ON RATE OF INTEREST ON PERSONAL LOANS
Rate of interest:
In convenient EMIs of 48 months. Selectively 60 months also considered
Documents / Formalities
Stipulated Loan Application with 2 passport size photos
Latest salary certificate and Form No.16 / income - proof like ITAO / IT Return, Financial Statements as the case may be
Proforma Invoice or valuation report (as the case may be)
Guarantee / co-obligation. Waiver considered selectively
Processing charges:
0.1 % of the loan amount subject to minimum of Rs.100/- and maximum of Rs.250/-.
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