Catholic Syrian Bank Two wheeler Loan
 
Catholic Syrian Bank is an Indian private sector bank. This bank is one of the oldest serving banks in the country. It was founded in 1920. Bank has near about 426 branches in India. The bank focuses mainly on consumer banking, private banking, mortgage loan, wealth management and other loans. Besides personal loan, car loan, gold loans the bank provides Two wheeler loans too. Like other products, the bank gives Two wheeler loans at a very low rate of interest.
 
What is a Two wheeler Loan?
 
Two wheeler is the basic need of a middle-class person nowadays. It is hard to survive without a Two wheeler or you can say that it has become the basic need of every person whether it’s you or your children. However, a Two wheeler is not that costly but still for some people it is difficult to arrange this money once it can disturb their budget.
 
Secured or Unsecured
 
The secured loan is a loan where you pledge anything to the bank as a security whether it is your property or any other asset. On the other hand in an unsecured loan, there is no need to pledge anything. A personal loan is an unsecured loan. But a Two wheeler loan comes under the category of secured loan, in this loan you pledge your Two wheeler loan to the bank as a security.
 
Features of Two Wheeler Loan
 
A Two wheeler is easily accessible nowadays.
You can apply online for a Two wheeler loan.
The process of applying for a Two wheeler is very easy.
There is nothing to worry about; the bank wouldn’t check your credit score. You can get a Two wheeler loan even if your credit history is not good.
If you are eligible you won’t get any problem in approving the loan.
And after submitting the documents the loan will disburse very quickly.
Besides this, the documentation process is very less and simple.
The rates of interest are quite affordable. A middle-class person easily affords them.
Furthermore, the Two wheeler loan is available all over India.
Eligibility
 
First of all the age of the applicant should be more than 18 years.
After that, the applicant should have some source of income.
The applicant should be salaried or self-employed.
The monthly income of the applicant should be Rs. 7000 per month at least.
For a self-employed person, his monthly income should be Rs. 6000 per month at least.
Rate of Interest
 
Though Two wheeler loans are applied by the youngest generation of the country, so the rates of interest are not that high, you can easily affordable by anyone. It is 11.70% per annum.
 
Documentation
 
The documentation process is not that complex and tedious. Only a few basic documents are required for the Two wheeler loan.
 
1.       Identity Proof
 
The identity proof is the most important and mandatory document that is required for the application process. It consists of any of the given identities.
 
a.       Aadhar Card
 
b.      PAN Card
 
c.       Voter ID card
 
d.      Driving Licensee
 
e.       Passport
 
 
2.       Residence Proof
 
One residence proof is also required to get a Two wheeler loan. a residence proof can be
 
a.       Aadhar Card
 
b.      PAN Card
 
c.       Voter ID card
 
d.      Driving Licensee
 
e.      Passport
 
f.        Ration Card
 
g.       Rental agreement in case you don’t live in your own home.
 
h.      Utility bills of last six months. They can be electricity bills or water bills of the last six months.
 
 
3.  Photographs-Two passport sizes photographs. But the applicant should not be wearing glasses and the photographs should be colored.
 
What if don’t return your loan?
 
It’s not like the bank can’t do anything in case you don’t return the Two wheeler loan. The bank will bound your Two wheeler because you have pledged your Two wheeler. It comes under the secured loans.
 
Availability
 
The Two wheeler is available all over India. You can apply for a Two wheeler loan online on your mobile.
 
Tenure
 
The tenure of the Two wheeler loan is one year to three years.
 
How to Apply?
 
You can apply for a Two wheeler loan online on www.dilabank.com.
First of all visit www.dialabank.com on google.
After that fill the easy and simple application form online on the application form.
Fill in your basic information like your name and contact number online.
Your mobile number is asked so that we can contact you. It is safe.
For more information, you may call on 60011600.
All the information will be free of cost.