Indian Overseas Bank Two Wheeler Loan

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All about Indian Overseas Bank Two Wheeler Loan

Indian Overseas Bank Two Wheeler Loan

Even though, you are going through a difficult time pertaining to your finances, you still need a mode of transportation in order to be on time for your job. If you feel that you cannot afford an automobile, you can opt for a motorbike. If you can’t buy a brand new bike, you can take advantage of Indian Overseas Bank Two Wheeler Loan, that offers financial support for the purchase of a bike.

Interest Rates and Charges: 11%

Features and Benefits of Indian Overseas 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 Indian Overseas 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 Indian Overseas 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 Indian Overseas Bank

Indian Overseas Bank is a major bank based in Chennai. It was established by Thiru.M. Ct. M. Chidambaram Chettyar in 1937 to encourage overseas banking, and foreign exchange operations. It has more than 3003 domestic branches, 3 extension counters, and six branches overseas. It offers internet banking and mobile banking.
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