Two Wheeler Loan in Alwar

Alwar is a city in Rajasthan, India. It is a tourist place because of its Forts, Heritage Havelis, Lakes etc. The population of Alwar is around 3.15 lakhs. Today’s bikes are more popular among the youth. Banks are ready to introduce about Two-day Wheeler loan. Bikes are more popular among the youth, because of its speed and cost-effectiveness. The two-wheeler loan helps you to get a new two-wheeler for your personal use, with affordable repayment options. The cost of your two-wheeler can be repaid through EMIs. So, if you are planning for a new bike or Scotty or scooter but you don’t have any savings, no worries there is a loan for you called Two-Wheeler Loan. It is a secured loan with a lower interest rate 10.50 %.

Features and benefits

  1. The loan is easily accessible.
  2. The two-wheeler loan can be gotten anywhere in India.
  3. The rates of interest are very low in the IDFC Bank two-wheeler loan.
  4. The documentation process is very simple and easy, not that many documents are required.
  5. The bank doesn’t put any check on your credit history.
  6. Two-wheeler loan is approved easily.
  7. The bank provides full transparency and there are no hidden charges.
  8. The bank does 90% financing of the cost of the vehicle.
  9. The bank provides doorstep installment collections.

Eligibility Criteria

  1. Age: Min 21 years, Max 65 years
  2. Salaried and Self-employed
  3. Income: Salaried 80,000 per year, Self-employed 72,000 per year
  4. Employment tenure: at least 6 months for self-employed and 1 year for salaried

Document Required

  1. Photograph - 3 Photograph
  2. Identity proof - Voter ID Card / PAN Card / Passport / Driving License / Aadhar Card
  3. Age Proof - PAN Card / Passport / Driving License / Aadhar Card / Govt. issued a document with the date of birth / Marks Sheet with the date of birth
  4. Signature Verification- PAN Card / Driving License / Passport
  5. Ownership Proof- Electric Bill / Tax Bill / Water Bill / Utility Bill / Power of Attorney
  6. Income Proof- For Self-Employed-  Shop Establishment Certificate / Sales and Purchase Bills / ITR / Financials with all schedules of last 3 Years,  For Salaried Applicants - Salary Slip of last 3 Month

How to apply?

  1. Apply application: This is quick and stress-free.The extremely easy way of applying for a loan.
  2. Visit the official website
  3. Submit your documents online.
  4. You will be able to make use of online EMI calculator.