About Manipur Rural Bank Two Wheeler Loan
Manipur Rural Bank Two Wheeler Loan Eligibility is quite easy to fulfil for most regularly employed applicants. Manipur Rural Bank started to operate on 28-05-1981. It has its headquarters in Imphal. Manipur Rural Bank provides Two Wheeler loans to all the individuals who want to buy their dream two-wheeler. It offers 5% to 30% of the on-road price which includes value, cost, and premium insurance for one year.
Some features of Manipur Rural Bank Two Wheeler Loan are:
- Instant Loan processing
- Online services
- It has a low processing fee
- It provides up to 100% on-road funding
Manipur Rural Bank Two Wheeler Loan Eligibility Criteria
Manipur Rural Bank Two Wheeler Loan Eligibility is quite similar to the general requirements made by most banks to provide a loan. They are as follows:
- The minimum age should be 21 years and the maximum should be 65 years.
- Either salaried or self-employed individuals are eligible for Manipur Rural Bank Two Wheeler Loan
- The maximum tenure period can be of 7 years
- The interest rates start from 9.50%
- A healthy CIBIL Score of 700+ is a must
Factors Affecting Manipur Rural Bank Two Wheeler Loan Eligibility
Factors affecting Manipur Rural Bank for Two Wheeler Loan are as follows:
- Age: The minimum age should be 21 and the maximum should be 60.
- Income: If you have a higher income, it increases your chances of getting a loan. Higher-income is directly proportional to getting a loan. With higher income, banks develop trust that you can repay them the loan and so they avail you the loan.
- CIBIL Score: CIBIL Score is of prime importance. You need to have a CIBIL score of more than 750 to have a higher chance of availing of a 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 Manipur Rural Bank Two Wheeler Loan
Manipur Rural Bank Two Wheeler Loan Eligibility FAQs
✅ How can I contact Manipur Rural Bank Customer care?
Customer Care number of Manipur Rural Bank for Two Wheeler Loan is 0358-2451590
✅ What are the repayment options for Manipur Rural Bank Two Wheeler Loan?
You can repay Manipur Rural Bank Two Wheeler Loan either by EMI payment or by Bullet Payment system.
✅ Which documents are needed for getting a Manipur Rural Bank Two Wheeler Loan?
Documents needed are:
- KYC Documents
- Income Proof
- Bank Statement
- Address Proof
