United Bank of India Two wheeler Loan

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All About United Bank of India Two wheeler Loan

United Bank of India Two wheeler Loan
 
United Bank of India Two wheeler LoanIt is an Indian governmental owned bank. Bank provides banking and financial services majorly.  The bank was founded 68 years ago in 1950. The major products of the bank are financial and consumer banking, internet banking, insurance, credit cards, loans, mortgage loans, wealth management, and private equity. Headquarter of the bank is in Kolkata. Besides that, the bank has 36 regional offices and 2054 branches all over India.
 
What is United Bank of India Two wheeler Loan
 
A Two wheeler loan is a kind of loan that is provided to the customers who want to purchase the Two wheeler but have a shortage of the funds. In this type of loan, you borrow the money from the bank specifically to buy a Two wheeler. Unlike a personal loan, it comes in the category of secured loan.
 
What is a Secured Loan?
 
A secured loan is a kind of loan where the bank asks you collateral as a security. In case you don’t return the loan the bank will recover the pending loan amount from this property of yours. The rates of interest on a secured loan are always low then the unsecured loan.
 
Purpose of United Bank of India Two wheeler Loan
 
First of all, you can buy a bike.
After that scooter, a motorcycle can be bought.
Furthermore, the battery operated Two wheeler vehicle.
But the condition is that you should be buying a new Two wheeler, the bank does not provide you a Two wheeler loan for the second-hand vehicle.
Eligibility
 
Any person whose age is more than 18 years can get a Two wheeler loan but the applicant should be employed.
A student who is earning and getting his/her salary in a bank account can also get a personal loan. Besides that, the applicant can present his/her parents as a co-applicant if they are salaried and having their salary in their bank account.
A professional and a self-employed person can also get a Two wheeler loan but his/her income should be stable.
A customer who is involved in agriculture as a profession can also get a Two wheeler loan but if he/she is having a bank account in the same bank for last two years and having a deposit of Rs. 1 Lakhs at least.
The maximum age for availing the loan is 65 years, beyond this age the bank won’t provide you a personal loan.
Furthermore, if you are working somewhere and get your salary in a bank account than your loan will get approved but your salary should be more than Rs. 6000 per month at least.
Any housewife can apply but with a co-applicant who is salaried and gets his/her salary in his/her bank account.
Amount
 
The bank provides the loan amount up to Rs. 1 Lakhs.
 
Rate of Interest
 
The rate of interest is 11.50% and onwards. It depends on your income, tenure of the loan and the Two wheeler you are going to buy.
 
Tenure
 
Tenure given by the bank is 60 years. You can return the loan within 5 years.
 
Processing Fees for United Bank of India Two wheeler Loan
 
The processing fees are 1% of the loan amount sanctioned by the bank.
 
Pre-payment and Document Charge
 
There are no pre-payment and document charge. It is nil.
 
How to Apply for United Bank of India Two wheeler Loan?
 
Visit www.dialabank.com.
 
Fill the online application form for Two wheeler loan.
Don’t forget to enter your contact number so that we can contact you.
Check the rates of interest and eligibility online on the website www.dialabank.com.
You will get an assistance call.
Ask your doubts about the Two wheeler loan.
You will be guided properly by relationship managers.
There are no additional charges for this guidance or applying for the Two wheeler loan on this site.
Besides that, you will get a Two wheeler loan at lower rates of interest.
Your loan gets approved quickly here.
You will get a document pickup facility from your doorstep without any charges.
 
 

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