Indian Bank Two Wheeler Loan


Indian Bank Two Wheeler Loan

Indian Bank is a state-owned financial company. The bank was established in 1907. The bank has a wide network of branches all over India. The bank is one of the top public sector banks in India. The bank was founded in 1907. The bank has been serving the country for the last 111 years with its best financial services and products. Two wheeler loan is also one of them.

Two wheeler loan

Two wheeler loan is a loan where we borrow money from the banks and non-banking financial companies. The rates of interest in a two wheeler loan are low as compare to other secured loans.  Two wheeler loan also comes in the category of secured loan. The bank is totally liable to bound your two wheeler if you won’t able to return the loan to the bank.

 

Features of Two Wheeler Loan

Two wheeler loan is easily accessible.

After that two wheeler loan is available everywhere.

Two wheeler loan comes under secured loans.

Besides that, there is no collateral is needed in a two wheeler loan.

There is no need of any guarantor in case of a two wheeler loan.

Furthermore, if you are meeting all the requirements of the two wheeler loan then there is no need for any co-applicant.

The rates of interest are very low.

The requirement of the salary is also very low.

The two wheeler loan is approved very easily.

The documentation process is also very easy in a two wheeler loan.

Eligibility

The age of the applicant should be 21 years minimum.

After that he/she should be earning.

The age of the applicant should be less than 65 years.

 

Rates of Interest

The rates of interest start from 11.50% and can vary from time to time. Basically rate of interest based on various factors like the income of the applicant, amount of loan required to the applicant and the tenure of the loan.

Documentation

Very basic documents are required to get a two wheeler loan.

First of all two passport sized colored photographs are required to get a two wheeler loan.

After that one proof of identity is required to apply for a two wheeler loan.

Furthermore, one residence proof is also required to apply for a two wheeler loan.

One proof of income is also mandatory to put checks on the income of the applicant.

How to Apply

You can apply on www.bookmyloans.in online.

The application process is very easy and simple.