Two Wheeler Loan for Honda Activa

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About Two Wheeler Loan for Honda Activa

Two Wheeler Loan for Honda Activa

Honda motor company is a Japanese multinational company, the company was founded in 1948. The model of the scooter was produced in 2001. The scooter has an engine of 125cc. Honda launched the new version with a 109cc engine in 2009 too. The model is appreciated by the customers because of its unbelievable features and more efficiency.

What is a Two Wheeler Loan?

In a Two wheeler loan, we borrow money from the bank or non-banking financial organization at some rate of interest for a period of time. Under this loan, the bank provides you loan to buy a scooter, bikes, and other Two wheelers. Bank can finance your Two wheeler up to 90% of the ex-showroom value. You have to pay some rates of interest to the bank also.

Eligibility for Two Wheeler Loan for Honda Activa

  1. First of all the age of the applicant should be more than 18 years.
  2. After that, the applicant should be a citizen of India.
  3. The applicant should be earning from somewhere.
  4. The maximum age of the applicant can be 65 years.
  5. The monthly income of the applicant should be Rs. 7000 per month for the salaried applicant.
  6. After that, the income of the self-employed person should be Rs. 6000 per month at least.

Rates of Interest for Two Wheeler Loan for Honda Activa

The rates of interest vary from person to person. It usually based on the income of the applicant and on the Two wheeler he/she going to buy and besides that, the tenure of the loan is also a factor in deciding the rate of interest.

Documents for Two Wheeler Loan for Honda Activa

  • Two passport sized colored photographs. (without spectacles)
  • One proof of Identity.
    • Aadhar Card
    • PAN Card
    • Voter ID Card
    • Passport
    • Driving License
  • One proof of residence.
    • Aadhar Card
    • PAN Card
    • Voter ID Card
    • Passport
    • Driving License
    • Ration Card
    • Rental Agreement
    • Water and electricity bills for the last six months

How to apply?

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