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 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.
- The minimum age of the applicant is required to be 21 years.
- After that, the applicant should have the citizenship of India.
- The applicant should have some rigid source of income.
- The maximum age of the applicant at the time of the competition of the tenure can be 65 years.
- The minimum income of the applicant should be Rs. 8000 at least.
- 2 colored passport sized photographs.
- 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)
- 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)
- 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
- First of all visit www.bookmyloans.in .
- Fill the online application form with your contact number.