Catholic Syrian Bank Two wheeler Loan

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Catholic Syrian Bank Two wheeler Loan

Catholic Syrian Bank Two Wheeler Loan Features

Catholic Syrian Bank Two Wheeler Loan Interest Rate 11.83%* per annum
Min Loan Amount ₹ 10,000
Max Loan Amount
(Loan to Value)
Loan up to 90% of On Road Price
or 100% of Ex-showroom Price
Loan Tenure 1 year to 4 years
Lowest EMI / Lac ₹ 2,625
Minimum Net Monthly Income Salaried – ₹ 7,000, Self Employed – ₹ 6,000
Age Criteria 21 years(At Application) to 65 years(At Loan Maturity)
Types of Vehicle For All New Two-Wheelers (Bikes, Superbikes, etc.)
Processing Fee Up to 3% of the Loan Amount.
Foreclosure Charges 3% – 10% Based on the time of foreclosure ( Foreclosure not allowed during the first 3 months)
Basic Documentation ID Proof, Address Proof, Bank Statement

Catholic Syrian Bank Two Wheeler Loan

Catholic Syrian Bank Two Wheeler Loan has gotten essential for a person to satisfy his fantasy about purchasing another motorbike at any expense with any budgetary asset. Catholic Syrian Bank is giving an amazing chance by giving Two Wheeler Loans Lowest Interest Rates and Affordable EMIs.

Advantages of Catholic Syrian Bank Two Wheeler LoanCatholic Syrian Bank Two Wheeler Loan

A two-Wheeler Loan is a basic drive need and has become an important piece of our life. Different individuals need to visit better places, and they require a bike for that, as time is key for every one of us. Students, too, require a drive. Here is Catholic Syrian Bank gives the credit for buying Two Wheelers at reasonable costs and clear Process.

  • Worth the upside of unfathomably low-interest charges.
  • Swift Disbursal of Loan Amount
  • Adaptable EMI cost, elective on any day of the month.
  • Moderate Rate of Interests
  • Major Repayment and Prepayment Methods

Catholic Syrian Bank Two Wheeler Loan Eligibility

Your capacity to reimburse the credit is the best factor in picking whether you’ll be qualified or not for the Catholic Syrian Bank Two Wheeler Loan. Coming up next are the huge principles:

  1. A person between the age of 21 to 65 years can apply for the new turn of events.
  2. On the off chance that you have a normal month to month pay of Rs 7000, you’re set up for the Catholic Syrian Bank Two Wheeler Loan.
  3. Cibil Score clearly impacts your ability to progress. On the off chance that you have a low cibil score, the odds of your Application being cleared are high.

Catholic Syrian Bank Two Wheeler Loan Interest Rate, Fees and Charges

Interest Rate Starts at 11.83% p.a.
Processing Fee Up to 3% of the loan amount (maximum)
Prepayment Charges From 3% to 10% of the outstanding principal
Prepayment charges Within 4 to 6 months – 10% of principal outstanding
Within 7 to 12 months – 6% of principal outstanding
13-24 months – 5% of principal outstanding
Post 24 months – 3% of principal outstanding
Prepayment is not allowed within three months of EMI repayment

Factors Affecting Two-wheeler Loan Application

There are many factors that affect the two-wheeler loan application. These factors include various things like interest rates, credit scores and various other things. For example, this two-wheeler loan application needs credit scores. Your interest rates and credit score are correlated. So in this way, you can use the factors of the two-wheeler loan application.

Compare Bike Loan Interest rates of Catholic Syrian Bank with other banks

The interest rate for the Catholic Syrian bank is 11.83%. And in SBI Bank, the interest rate is 7.50%. And in HDFC Bank, the interest rate is 7.75%. So when compared with the SBI Bank, the interest rates is increased. And when compared with the HDFC Bank, the interest rates is increased.

Catholic Syrian Bank Two Wheeler Loan Documents Required

Salaried Individual

Category Documents Required
Identity Proof Driving Licence
Aadhaar Card
Passport
Voter ID
Address Proof Driving Licence
Aadhaar Card
Passport
Voter ID
Compulsory Documents PAN Card
Bank Statement Bank statement of last 3 months

Self-Employed Individual

Category Documents Required
Identity Proof Driving Licence
Aadhaar Card
Passport
Voter ID
Address Proof Driving Licence
Aadhaar Card
Passport
Voter ID
Required Documents PAN Card
Bank Statement Bank statement of last 3 months

Catholic Syrian Bank Two Wheeler Loan EMI Calculator

The candidate has the choice to comprehend the EMI’s before benefitting the Catholic Syrian Bank Two Wheeler Loan. In like way, you can, without a truly striking stretch, check through the relationship underneath:

Two Wheeler Loan EMI Calculator

Catholic Syrian Bank Two Wheeler Loan Types

Catholic Syrian Bank offers various kinds of credits to its clients, and you have the choice of picking one of them according to your necessities-

  • Bike Two Wheeler Loan – If you wish to purchase a bike and want to back it, then Catholic Syrian Bank has the best recommendation for you. You can benefit from this improvement at a drawing early cost of 12%.
  • Super Bike Two Wheeler Loan – If you need to purchase a Superbike and are examining for holds, by then, this is the best approach open for you at interfacing with a financing cost of 11.83%.

Catholic Syrian Bank Two Wheeler Loan Pre Calculated EMI

Rate 4 yrs 3 yrs 2 yrs 1 yr
11.83% 2625 3313 4699 8876
12.00% 2633 3321 4707 8884
12.50% 2658 3345 4730 8908
13.00% 2682 3369 4754 8931
13.50% 2707 3393 4777 8955
14.00% 2732 3417 4801 8978
14.50% 2757 3442 4824 9002
15.00% 2783 3466 4848 9025
15.50% 2808 3491 4872 9049
16.00% 2834 3515 4896 9073
16.50% 2859 3540 4920 9096
17.00% 2885 3565 4944 9120

How to Avail Two Wheeler Loan

  • You can apply for the Catholic Syrian Bank Two Wheeler Loan online by visiting Dialabank’s online portal.
  • Fill the  Application Form for Two Wheeler Loan
  • Our Relationship Managers will associate with you at 9878981166
  • Get changed assistance and pick the most genuine offer dependent on your necessities.

Catholic Syrian Bank Two Wheeler Loan Two Wheeler Loan for Top Selling Bikes

Other Available Products from Catholic Syrian Bank

Catholic Syrian Bank Personal Loan Catholic Syrian Bank Gold Loan
Catholic Syrian Bank Home Loan Catholic Syrian Bank TWL

FAQs for Catholic Syrian Two Wheeler Loan

✅ What is Catholic Syrian Bank Two Wheeler Loan?

Catholic Syrian Bank Two Wheeler Loan can be used for the purchase of new/ used Two-Wheelers. Generally, the middle class of society, like the salaried class, small businessmen, farmers, self-employed, etc., who want to purchase new, used two-wheelers are the borrowers of such loans.

✅ How can I get a Two Wheeler Loan from Catholic Syrian Bank?

To get a Two Wheeler Loan Catholic Syrian Bank, customers have to be eligible for the loan according to the norms set by the bank.

  • Minimum age of applicant: 18 years.
  • Students with father or mother or spouse as co-borrower.
  • Maximum age of applicant at loan maturity: Retirement age for salaried individuals & 65 years for others.
  • The borrower should have a valid driving license.
  • Minimum Net Annual Income criteria as per bank rules
 

✅ How does Catholic Syrian Bank Two Wheeler Loan work?

Visit the Bank website or branch office and do submit the following

  • Duly filled up and signed two-wheeler loan application form along with photographs
  • KYC (Know Your Customer)two-wheeler loan documents
  • Proof of Identity- Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card
  • Income Proof-Latest salary slip showing all deductions or Form 16 along with recent salary certificate (for salaried individuals)
  • Income Proof- Income Tax Returns of 2 previous financial years (for other than salaried individuals)
  • Bank Statement or Bank Pass Book of having entries of the last 6 months
  • Proof of Address – Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement
  • Age Proof- Mark sheets/pass certificates of SSC, H.S.C, Degree courses (Optional)
  • Signature Verification (Optional)

✅ What is the Two Wheeler Loan interest rate in Catholic Syrian Bank?

Catholic Syrian Bank offers interest for Two Wheeler Loan starting at 11.83% per annum. The rates are expected to fluctuate depending upon the loan factors.

✅ How to check Two Wheeler Loan status in Catholic Syrian Bank?

To check the loan status, you can do any of the following:

  • Visit the Bank’s Branch Office.
  • Check online on the bank’s website.
  • Contact customer care.

✅ How to calculate the Two Wheeler Loan interest in Catholic Syrian Bank?

To calculate the interest rate for Catholic Syrian Bank Two Wheeler Loan, visit Dialabank.

✅ What is the maximum loan amount I can avail myself of on Two Wheeler Loan from Catholic Syrian Bank?

Catholic Syrian Bank offers to pay approximately pay 80% of the on-road price of the Two Wheeler. The maximum amount allowed for a two-wheeler loan is Rs 1 Lakh.

✅ What is the Loan tenure of Catholic Syrian Bank Two Wheeler Loan?

Minimum – 12 Months.

Maximum – 60 Months.

✅ Can I get a 100% Two Wheeler Loan from Catholic Syrian Bank?

No, Catholic Syrian Bank can fund 80% of the on-road price of the vehicle, which excludes the charges and other taxes.

✅ How much is the processing fee applicable to Catholic Syrian Bank Two Wheeler Loan?

Catholic Syrian Bank charges a Processing Fee of 0.50% of the total loan amount or a minimum of Rs.500.

✅ What are the EMI options available on the Catholic Syrian Bank Two Wheeler Loan?

Catholic Syrian Bank allows the customers to pay the EMIs through two modes.

  1. Online Payment
  2. Post-dated cheques (PDCs)

Online payment is one of the safest and most accessible modes of payment as the customer needs not to submit PDCs in a timely manner.

✅ What are the charges for Prepayment in Catholic Syrian Bank Two Wheeler Loan?

Catholic Syrian Bank does not charge any fee for the prepayment of the loan.

✅ Can I get a top-up loan on my existing Catholic Syrian Bank Two Wheeler Loan?

Yes, you can get a new loan on your existing Two wheeler loan. The EMIs will be calculated according to the total amount of both loans. You can also choose to keep the EMIs separate.

✅ Do I need to provide a guarantor to avail of a Two Wheeler Loan from Catholic Syrian Bank?

A third person guarantor is not compulsory for the Two Wheeler Loan. However, if some conditions are not met, a guarantor may be required.

✅ How to get a Catholic Syrian Two Wheeler Loan Statement?

  • Visit the Catholic Syrian Bank website and log in from your account
  • Check the loan status and download the statement
  • The statement can also be downloaded through a mobile application

✅ How to Pay Catholic Syrian Bank Two Wheeler Loan Interest Online?

Customers can pay the interest amount on the bank’s website. To do so

  • Visit the Bank website, log in, enter the amount, and select your bank.
  • Login to Your Bank’s Website Net Banking.
  • Confirm Payment.
  • Receive Confirmation.

✅ What if I can’t pay the interest on Catholic Syrian Bank Two Wheeler Loan for 3 months?

Catholic Syrian Bank provides the customers with the option to go for a moratorium in case they fail to pay interest for 3 months.

✅ How can I apply for EMI Moratorium on Catholic Syrian Bank Two Wheeler Loan?

Customers can apply for the EMI moratorium by contacting the bank.

  • SMS or email.
  • Catholic Syrian Bank’s website.
  • I was visiting the nearest bank branch.

✅ What is the number for the Catholic Syrian Bank Two Wheeler Loan agent?

We at Dialabank are keen to provide you assistance for the Catholic Syrian Bank Two Wheeler Loan; you can reach out to us at 9878981166.

✅ Can I close Catholic Syrian Bank Two Wheeler Loan online?

There are multiple ways through which you can close the Catholic Syrian Bank Two Wheeler Loan:

  1. Go to the bank website and apply for loan closure.
  2. Apply for loan closure through the mobile Application.
  3. Visit the nearby bank branch.

✅ What is the Catholic Syrian Bank Two Wheeler Loan Customer Care Number?

Catholic Syrian Bank Customer Care representatives can be contacted at 1800 266 9090.

✅ How can I get NOC from Catholic Syrian Bank for Two Wheeler Loan?

Once your loan is closed, the bank will issue a NOC within 3 working days and send it on your registered Email Id. A physical copy of the NOC can also be given as per the customer’s demand.

Catholic Syrian Bank Two-wheeler Loan News Snippets

2021-06-15:

Catholic Syrian Bank Two-wheeler Loan Interest rates:
The Catholic Syrian bank two wheeler interest rates are increasing these days, and these interest rates are based on various factors and these factors are based on interest rates, credit scores.

2021-05-22:

Two-wheeler Loans increment:
The two-wheeler loan interest rates are increasing these days. These two-wheeler loans are used for various benefits, and these two-wheeler loans are used for credit scores too.

2021-05-01:

Banks offering low-interest rates for loans on credit scores:
The banks offer various interest rates for loans on credit scores. These credit scores are used for 700-750. Above 750, the interest rates for these banks are used. So in this way, you can use these credit scores.

2021-04-27:

Credit scores are counted for the two-wheeler loans:
The credit scores are counted for the two-wheeler loans for the banks. These banks offer various credit scores, and these credit scores are used for various offers.

 

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