Two Wheeler Loan Documents Required

What are the documents required for the Two-wheeler Loan:

If you want to buy a Two-wheeler like a bike then you can take the two-wheeler loan. For taking this loan there are many documents required. Some of the major documents required are ID Proof, Address proof, and many more things. 

These loans are based on the income which you get. Based on these incomes you can get the type of loan and there are different types of two-wheeler loans. For self-employed people, the documents required are ID Proof, Address proof, Latest Income Tax Return which is known as ITR. And bank statements are also required for the two-wheeler loan.

These are some of the documents required for a Two wheeler loan. Based on your salary the loan will be released. These bank statements are required for getting a loan. There will be different processes in different banks for the two-wheeler loans. So these loans are based on the banks too. Firstly you need to visit the specific bank and then you will be able to get the loan.

Apply for a Two-wheeler loan

Documents required for a two-wheeler loan

The List of documents required for  a two-wheeler loan are :

These loans are different for salaried persons and Self employees.

For a salaried person:

  • ID Proof
  • Address Proof
  • Salary slips
  • Bank Statement
  • For a Self-employed
  • ID Proof
  • Address Proof
  • Latest Income Tax Return (ITR)
  • Banks statement

Two-wheeler loan documents required for Salaried persons

Document Requirement
ID Proof Passport/Aadhar Card/ Identity Card/ Drivers License
Address proof Aadhar Card/ Bank Account/ Address Proof/ Voters ID/ Property or Municipal Tax

 

receipt/Passport/ MNC Banks receipts

Salary slips Salary slips of last 1 year
Banks statement Bank statement of last 1 year

Two-wheeler loan documents required for Self-employed persons

 

Documents Requirement
ID Proof Aadhar card/ Voters ID/ Passport/ Driver’s License and passport size photographs
Address Proof Passport/ Aadhar Card/ Bank account statement/
Income tax return Latest income tax return slips
Banks statement Bank statement of previous 1 year

 Other papers and documents – Income Proof

There are many other documents required. Some of them are:

For salaried persons:

  • Salary slips
  • Salary certificate
  • For self-employed:
  • Copy of the Income Tax Returns

Post sanction or Pre Disbursement Documentation for a This two-wheeler loan

There will be some post-sanction documentation required for the two-wheeler loan. There will be many two-wheeler loan documents required.

Some cash receipts and some loan documents are required in this post-sanction documentation.

Documents required for State Bank of India (SBI) Two-wheeler Loan

The documents required for the State bank of India two-wheeler loan are:

  • Proof of Address
  • Proof of Identity
  • PAN Card
  • Bank statements
  • Income Tax Return

Documents required for HDFC Two-wheeler loan

The documents required for the HDFC Two-wheeler Loan are:

  • PAN Card
  • Proof of address
  • Proof of identity
  • Salary slips
  • Banks statement
  • 2 passport size photographs
  • Signature verification

These are some of the documents required for the HDFC Two wheeler loan.

FAQs on documents required for a two-wheeler loan

What are the documents required for a two-wheeler loan for a salaried person?

The documents required for a two-wheeler loan from a salaried person are Proof of address like the aadhar card, driver’s license, and many more things. For proof of identity passport or adhar card can be used. A bank statement is also required for the two-wheeler loan and salary slips are also required for the two-wheeler loan.

What is the minimum loan for a two-wheeler loan?

The loan amount depends on the amount of your salary and many other things. The minimum income required for the two-wheeler eligibility criteria is 50,000 per year.

Which bank is best for a two-wheeler loan?

Axis Bank, SBI, HDFC Bank, and PNB took first place for the best two-wheeler loan.  These banks are best for two-wheeler loans.

What are the documents required for the two-wheeler loan for a salaried person?

The two-wheeler documentation is required for the loans. The documents required for a salaried persona are proof of address, proof of identity, and many more things in the two-wheeler loan.

What are the documents required for a two-wheeler loan in SBI?

The two-wheeler loan documentation is presented in SBI. This two-wheeler loan documentation requires proof of identity, proof of address, and many more things in SBI.