SBI Two Wheeler Loan

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All About SBI Two Wheeler Loan


Nowadays, many people find it difficult to afford a bike of their own. This is the reason, why people are moving towards SBI Two Wheeler Loan. It is a scheme, that helps a person to pay for the bike in parts, rather than paying at once. With this scheme, a person can buy a bike of any brand and model. SBI offers Two Wheeler Loan with a simple procedure, on Affordable Rate of Interest and EMIs.

What is a Two Wheeler Loan?

A Two wheeler loan allows you to borrow money from the bank or any other non-banking financial organization. Usually, we prefer the banks because of their better policies, security and fewer rates of interest as compared to non-banking financial companies. A Two wheeler loan comes in the category of secured loans. In this loan, you pledge you vehicle to the bank that you are going to buy. if you won’t return your loan on time the bank will bound your vehicle.

Features and Benefits for SBI Two Wheeler Loan

Simple and Hassle free
Easy to pay back
Flexibility of payment
Speedy Approval in 4 hours
Minimum Documentation
Attractive Interest Rates

Eligibility for SBI Two Wheeler Loan

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

Documentation for SBI Two Wheeler Loan

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

How to apply for SBI Two Wheeler Loan?

Fill out our online application form with your contact number.
For more information call on 60011600.

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About SBI

State Bank of India (SBI) has its Headquarters in Mumbai. It is a multi-national financial and banking service organization. It deals with insurance, consumer loan, corporate banking, and many more. It is featured in the top 10 brands of India, according to the survey conducted by Brand Finance.

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