Two Wheeler loan Firozpur

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About Two Wheeler loan Firozpur

Two Wheeler loan Firozpur

Firozpur is a noteworthy place that is arranged on the banks of River Sutlej in Firozpur District of Punjab. The town has a permanent military station in British India. The Indo-Pak Border is a well-known picnic spot.  A few relating communities share a common boundary in Punjab so In your city, the bike credit has approached by to get a motorcycle as you like

Why two wheeler loan?

The banks give support and direct the customer to buy the bike. It is a secured advance which has an advantage of the low rate of interest. It is an easier way of transportation it is very simple to go with it no reason to get stuck in traffic in rush hour. And furthermore, it removes our additional costs which go into booking another costly vehicle. It will be helpful and give a great help.

Benefits of Two Wheeler loan Firozpur

As two-wheeler is easy and suitable for an individual and it fits for everyone. The documentation will be simpler as compared to another vehicle. In the list below, there are few things

Margins: Money which you have to pay while purchasing the Two Wheeler will be the down payment, i.e 30% of the total money.

Extra costs covered: It covers up all the other cost.

Tenure:  12 or 48 months will be given to the customer for the repayment and it gets extended to 5years.

Credit score:  The credit score can be started with a boom with this type of loan by the individuals who are applying for a loan and also by those who are willing to buy a Two Wheeler for the first time.

Interest Rates: The interest rate is 11.5% or more than that.

Eligibility Details for Two Wheeler loan Firozpur

Details

Criteria

Age

Min 21 to  Max 65 years

Category of Employ

Self-employed and Salaried

Employment Terms

For self-employed 6 months, For salaried 1 year

Income

6000 for self-employed and 7000 for salaried

Credit Score

750

Documentation for Two Wheeler loan Firozpur

Details

Criteria

Id Proof

Aadhaar Card/Voter Card/Pan Card/Passport size Photograph

Address Proof

Aadhaar Card/Voter Card/Pan Card/Bank Statement/Salary Slips/Electricity Bill

Employment proof (Salaried)

Offer Letter/ Salary slip/Bank Statement

Employment proof (Self-employed)

Source of income/Bank Statement

Types of Two-wheeler:  It will depend upon the bike you choose then the loan will be given.

Candidate Employment Type: It totally depends on the bicycle that you choose to buy.

Income- The monthly income will be required of that person to grant the loan.

Below is the list of the banks which provides Two Wheeler Loan

  1. HDFC Bank Two Wheeler Loan
  2. Bank of Baroda Two Wheeler Loan
  3. AXIS Bank Two Wheeler Loan
  4. Canara Bank Two Wheeler Loan
  5. Central Bank of India Two Wheeler Loan
  6. City Union Bank Two Wheeler Loan
How to Apply for Two Wheeler loan Firozpur?

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Documents are required

Also Read about:  How to get a Two Wheeler Loan?

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