Two Wheeler Loan in Gautam Budh Nagar

Two Wheeler Loan in Gautam Budh Nagar

Gautam Budh Nagar is a district of Utter Pradesh. The area of the district is 1442 Km square. So many people might want to buy a two wheeler but they might have a shortage of money. In this case, there is no need to worry about. You can easily get a two wheeler loan online within few minutes at low rates of interest. The process is very easy and simple, just click on www.bookmyloans.in .

Two-wheeler Loan

Two-wheeler loan is a secured loan in which we borrow the money from the bank at some rate of interest; however, the rates of interest are quite affordable. They are not as high as a personal loan. You can buy any two-wheeler with the help of a two-wheeler loan. This loan comes under the category of secured loans. The bank will bound your two-wheeler if you won’t return your two-wheeler loan on time.

Difference Between a Personal Loan and a Two-wheeler Loan

A two-wheeler loan and a personal loan are quite different. A personal loan comes into the category of unsecured loan and you can use the amount of personal loan anywhere according to your personal need. But in a two-wheeler loan, the bank gives you an aid specifically to buy a two-wheeler. You can’t use this amount of loan anywhere else. Bank or any other lender won’t allow you to do so. Besides that, a two-wheeler loan comes into the category of secured loan. the bank has something as a security in case you won’t return your loan. it is your two-wheeler that you are buying.

Eligibility

  1. The minimum age of the applicant is required to be 21 years.
  2. After that, the applicant should have the citizenship of India.
  3. The applicant should have some rigid source of income.
  4. The maximum age of the applicant at the time of the competition of the tenure can be 65 years.
  5. The minimum income of the applicant should be Rs. 8000 at least.

Documents Required

  1. 2 colored passport sized photographs.
  2. Identity Proof

First of all, an ID proof is required to get a two-wheeler loan. This identity proof can be an Aadhaar card /PAN card/voter ID card/Ration Card / Driving Licence/ Passport)

  1. Resident Proof

Aa proof of residence is also required. It can be an Aadhaar card /PAN card/voter ID card/Ration Card / Driving Licence/ Passport/electricity bills of last three months on the name of the applicant with the rental agreement)

  1. Income Proof

One income proof is also required if you want to apply for a two wheeler loan. It can be salary slips of last three months and ITR of last three years for self-employed.

Procedure to Apply

  1. First of all visit www.bookmyloans.in .
  2. Fill the online application form with your contact number.