Federal Bank Two Wheeler Loan

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All about Federal Bank Two Wheeler Loan

Federal Bank Two Wheeler Loan

Everybody seems to have a luxurious life today, and having a personal vehicle is just the beginning. Also, buying a bike requires a lot of money, and it could be difficult for a person to pay such a big amount at once. Federal Bank Two Wheeler Loan is a scheme, that offers funds to people for buying a new or a used bike.

Interest Rates and Charges: 14.50% to 15.00%

Features and Benefits of Federal Bank Two Wheeler Loan

  1. Affordable
  2. Simple and Hassle free
  3. Easy to pay back
  4. Flexibility of payment
  5. Speedy Approval in 4 hours
  6. Minimum Documentation
  7. Attractive Interest Rates

Eligibility for Federal Bank Two Wheeler Loan

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: For Salaried 1 year in current employment and minimum 2 years of employment / For Self- Employed at least 3 years in business
  4. Minimum Annual Income: For Salaried Rs 84000 net annual income / For Self- Employed Rs. 72,000/- p.a.
  5. Telephone: Must at residence.

Documentation for Federal Bank Two Wheeler Loan

  1. Proof of Identity: Passport copy, PAN Card, Voters ID card, Driving License ( Laminated, Recent, Legible)
  2. Income Proof: For Salaried Latest salary slip with form 16 / For Self- Employed Latest ITR
  3. Address Proof: Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy PAN Card
  4. Bank Statement: Last 6 months

About Federal Bank

Federal Bank of India is a major Indian financial services company in the private sector, Headquartered at Kochi, Kerala. It was founded in 1945, and now it is the 4th largest bank in India. It has 1210 branches across 24 states in India and 1250 ATMs around the country.

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