About State Bank of Mysore Two Wheeler Loan
Two Wheelers have become the need of the hour nowadays. They are needed at all times while going to the workplace or to get groceries. State Bank of Mysore helps customers to buy two-wheelers.
Features of State Bank of Mysore Two Wheeler Loan are:
- Instant Loan processing: State Bank of Mysore Two Wheeler Loan can be easily processed as the process is paperless and requires minimal documentation.
- Online services: State Bank of Mysore Two Wheeler Loan also gives online support to its customers from the documentation process till the disbursement of the loan.
- The processing fee charged by the bank is very low.
- State Bank of Mysore provides up to 100% on-road funding.
State Bank of Mysore Two Wheeler Loan Eligibility Criteria
- Customers applying for the loan must be between 24 to60 years of age.
- Salaried or self-employed individuals can apply for the loan.
- The maximum repayment time period of the loan is up to 7 years.
- Interest rates of the loan float around 9.05% per annum.
- CIBIL Score of the customers should be above 700.
Factors Affecting State Bank of Mysore Two Wheeler Loan Eligibility
- Age: For availing of the State Bank of Mysore Two Wheeler Loan, the age of the customer must be 21+ years.
- Income: Higher the income, the higher are chances of customers getting a State Bank of Mysore Two Wheeler Loan.
- CIBIL Score: CIBIL Score is a vital factor for availing of a two-wheeler loan. Before giving a loan, the State Bank of Mysore checks the credit history and CIBIL Score. CIBIL Score is healthy and is above 700 then the chances of getting a loan are higher.
- Work Experience: State Bank of Mysore does a background check before offering loans to know the company for which the customers and they also check the company where you work and the time period you work for.
Documents Required for State Bank of Mysore Two Wheeler Loan
State Bank of Mysore Two Wheeler Loan Eligibility FAQs
✅ How can I repay the State Bank of Mysore Two Wheeler Loan?
You can either pay by EMI or by bullet repayment option.
✅ How much time does it take for a two-wheeler loan to get processed?
Two-wheelers may take up to 7 days.
✅ What is the lowest interest rate for a Two-Wheeler Loan offered by the State Bank of Mysore?
State Bank of Mysore offers an interest rate of 9.05% per annum.
