Petrol Two-Wheelers:
- Eligibility:
- Age Criteria: 18 to 65 years.
- Minimum Income Criteria:
- Salaried & Pensioners: Net Monthly Income of ₹10,000.
- Others: Net Annual Income of ₹1.50 Lakhs.
- Loan Amount:
- Minimum: ₹50,000
- Maximum: Up to 6 times your Net Monthly Income (subject to a maximum of ₹3,00,000).
- Loan-to-Value (LTV) Ratio:
- Up to 85% of the On-Road Price of the vehicle.
- Repayment Period:
- Flexible tenure of up to 60 months.
- Documents Required:
- Income Proof:
- Salaried: Salary slips for the last 3 months and latest ITR or Form 16.
- Pensioners: PPO (waived for our Govt/Defense/Police/PSE Salary Package customers).
- For agricultural and allied activities:
- Crop cultivation: Khasra/Chitta Adangal, Patta/Khatoni (with landholding details).
- Allied activities (Dairy, Poultry, Plantation/Horticulture): Relevant proof of running the activities.
6. Processing Fee:
Electric Two-Wheelers:
- Eligibility:
- Similar to petrol two-wheelers.
- Loan Amount:
- Based on the on-road price of the electric vehicle.
- Interest Rates:
- Varies by bank; check our competitive rates.
- Eco-Friendly Benefits:
- Contributing to a cleaner environment.
- Potential government subsidies for electric vehicles.
Apply Now:
Visit our branch or apply online. Ride into the future with our hassle-free two-wheeler loans!