Two Wheeler Loan Kathua

Looking For a Loan?

I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

Why Apply with Dialabank?

Compare across 18 Banks
Get Money in 30 Mins
Loan Amount Up to 5 Crore
Hassle-free Disbursal
Unbiased Experts Advice

All About Two Wheeler loan Kathua

Kathua, the city of Sufis, is the fourth largest city in the state of Jammu and Kashmir. According to the 2011 census, the population of the city is 1, 91,988. The industries of the area and the Indian Army presence make the two-wheeler possession very important for many people.

What is a Two Wheeler Loan?

It is very hard to spend all of the money which was saved during the years. To evade this, the banks lend the money to the common people to buy the two-wheelers. The money which is being lent by the bank can be returned in years with the affordable Equated Monthly Installments (EMIs).

Features & Benefits:

Two Wheeler Loan Kathua

  1. Margins: The bank customers only have to pay the down payments which accumulate up to only 30%. In some of the cases, the banks cover almost 100% of the payments (varies from place to place and person to person).
  2. Annual Income/ Salary:  The employed and self-employed, who have very less monthly incomes of 7000/- and 6000/- per month, respectively, can also get the finances from the banks.
  3. Nil Payment charges: The customers, who can return the loaned amount to the banks before the tenure period, would not have to pay any payment charges. Isn’t it a relief?
  4. Extra costs covered: The charges like insurances, accessories, and registration, will be covered in the finances lent by the banks.
  5. Tenure: The time period allotted to the customers to return the money, is from 12 months to 48 months. This tenure can be extended up to 5 years in some cases.
  6. Credit score/Cibil: Opening the credit score file by getting the Two Wheeler Loan in Kathua will be the best way for first-time buyers of the two-wheelers.

Interest Rates 

The interest rates, charged by the banks, start at 11.5%. These rates usually vary from place to place and person to person.

Check Your Eligibility for Two Wheeler Loan Kathua

The loan approval by banks depends upon following criteria. The applicants must fulfill these criteria.

ELIGIBILITY CRITERIA

Age Limit

21-65 years

Minimum Annual Income

Employed – 84000/- Per annum

Self-Employed – 72000/- Per annum

Minimum Employment Tenure

Employed – Current Employment for 1 year and 2 years of total employment.

Self-Employment – Minimum 1 year in Business

Required Documents

The documents which are needed by the banks to verify the customer’s credibility are listed below.

DOCUMENTS

Identity Proof

Any KYC proof.

Photographs

2 to 6 Passport Size photographs.

Proof of Income

For Employed – Latest Salary Slip with Form 16.

For Self Employed – Latest ITR

Address Proof

Adhaar Card/ Driving License/ Voters Card/ Electricity Bill/ PAN Card

Bank Statement

Last 6 months Bank Statement

Banks which Provide Loans

  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 Kathua?

  1. Apply online on www.dialabank.com
  2. Check the eligibility
  3. Call the helpline number 600-11-600
  4. Visit the bank
  5. Submit all the documents
  6. Get the loan

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

Call Us on 600 11 600 OR 98789-81166

Share This

Menu