All about Two Wheeler Loan TVS Scooty Pep Plus
TVS Scooty Pep Plus
TVS Scooty is an Indian brand of scooters manufactured by TVS motors. The scooter is specially designed for the women. Besides that, the product was the bestselling scooter brand.
Furthermore, the TVS Scooty Pep Plus is the lightest weight scooter available in India for women and girls. It is the first preference of women and girls in India. If you want to buy one for your mother, daughter or wife you can easily without any hassle.
Single Cylinder, 4-Stroke
Kick and Self Start
What is a Two Wheeler Loan?
In a Two wheeler loan, a person borrows money from the bank especially to buy a Two Wheeler. Bank provides you the loan amount at some rate of interest for a given tenure. Besides banks, there are so many other non-banking financial companies to that lend you money.
Interest Rates and Charges: 10.75%
Features and Benefits of Two Wheeler Loan TVS Scooty Pep Plus
- Simple and Hassle free
- Easy to pay back
- Flexibility of payment
- Speedy Approval in 4 hours
- Minimum Documentation
- Attractive Interest Rate
Eligibility Criteria for Two Wheeler Loan TVS Scooty Pep Plus
Age is the major factor that banks check while providing you a Two Wheeler loan. Bank or any other lender checks that whether the age of the applicant is more than21 years or not. If it is not so you won’t get a Two Wheeler loan.
It is obvious that if someone is lending you the money then he/she will put some checks on your income as well, to check whether you are eligible to repay the loan amount or not. If you don’t have any source of income then you are not eligible to get a Two Wheeler loan.
One more important thing is that the applicant should be a citizen of India. He/she should be residing in India as well. If it is not so then he/she isn’t eligible to get a Two Wheeler loan.
Rates of Interest for Two Wheeler Loan TVS Scooty Pep Plus
Rates of interest are quite fluctuating in the Two Wheeler loan. it varies from person to person and on the other factors like tenure and the income of the applicant too. But basically, the interest rates are 11.50% and onwards.
Documents Required for Two Wheeler Loan TVS Scooty Pep Plus
First of all 2 colored passports sized photographs. (Without glasses if the applicant wears)
One identity proof is a must. This identity proof can be an Aadhaar card /PAN card/voter ID card/Ration Card / Driving License/ Passport)
A proof of residence is mandatory. It can be an Aadhaar card /PAN card/voter ID card/Ration Card / Driving License/ Passport/electricity bills of last three months on the name of the applicant with the rental agreement)
One income proof is also needed if you want to apply for a two wheeler loan. It can be (salary slips of last three months / ITR of last three years for self-employed).
Among all the above the HDFC Bank is best for providing Two wheeler loan. The rates of interest are very low in HDFC Bank as compare to other banks.
Banks which provides Two Wheeler Loan
- HDFC Bank Two Wheeler Loan
- Bank of Baroda Two Wheeler Loan
- AXIS Bank Two Wheeler Loan
- Canara Bank Two Wheeler Loan
- Central Bank of India Two Wheeler Loan
- City Union Bank Two Wheeler Loan
An easy way to Apply for Two Wheeler Loan TVS Scooty Pep Plus
The online application is the easiest way to apply for a Two Wheeler loan. It will save your time and money as well. Besides that the process of the application will is hassle-free.
You just have to search www.dialabank.com online on Google.
After that search for Two Wheeler Loan for TVS Scooty Pep Plus there
An application form will open up.
Fill out the form accordingly and carefully. After that, you will get a call back full of assistance and guidance.
Also Read about: How to get a Two Wheeler Loan?
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