About AU Small Finance Bank Two Wheeler Loan
AU Small Finance Bank Two Wheeler Loan Eligibility is simply met and allow the comfortable ownership of a two-wheeler to keep up with a fast-paced world, we need to increase our pace too.
Two Wheelers have become a necessity now. Going to the workplace or to get groceries, two-wheelers are a must. AU Small Finance Bank makes buying two-wheelers easier by its Two Wheeler Loan.
Features of AU Small Finance Bank Two Wheeler Loan are:
- Instant Loan processing: AU Small Finance Bank Two Wheeler Loan processing is paperless and requires minimal documentation
- Online services: AU Small Finance Bank Two Wheeler Loan provides online support from the documentation process till disbursement of the loan.
- It has a low processing fee
- It provides up to 100% on-road funding
AU Small Finance Bank Two Wheeler Loan Eligibility Criteria
AU Small Finance Bank Two Wheeler Loan Eligibility is quite similar to the general requirements made by most banks to provide a loan. They are as follows:
- Your minimum age requirement should be 21 years and the maximum being 65 years.
- You should be either salaried or self-employed
- The maximum repayment tenure can be up to 7 years
- Interest rates range from 9.05% per annum
- Your CIBIL Score should be above 700
Factors Affecting AU Small Finance Bank Two Wheeler Loan Eligibility
- Age: For availing of AU Small Finance Bank Two Wheeler Loan you must be above the age of 21 years.
- Income: Higher the income, the higher will be your chances of getting an AU Small Finance Bank Two Wheeler Loan. If you have a lower income the risk rating becomes high meaning fewer chances of getting a loan.
- CIBIL Score: CIBIL Score is a really important factor for availing of a two-wheeler loan. Before giving out a loan, banks check your credit history and CIBIL Score. If your CIBIL Score is healthy and high it gives a positive effect on availing of a Two-Wheeler loan.
- Work Experience: Before you get a loan, banks do background checks and they also check the company where you work and the time period you work for. The longer the time period in the same company more will be the chances of getting a two-wheeler loan.
Documents Required for AU Small Finance Bank Two Wheeler Loan
AU Small Finance Bank Two Wheeler Loan Eligibility FAQs
✅ How can I repay the AU Small Finance Two Wheeler Loan?
You can either pay by EMI or by bullet repayment option.
✅ How much time does it take for a loan to get processed?
It may take up to 7 days.
✅ What is the lowest interest rate for a Two-Wheeler Loan offered by AU Small Finance Bank?
AU Small Finance Bank offers an interest rate of 9.05% per annum.
