About Pragathi Krishna Gramin Bank Two Wheeler Loan 
Scooters, bikes, Moped, Scooter, Battery-Operated Scooters, and other Two-Wheeler vehicles are eligible for loans. Borrowers of these loans are mostly from the middle-class society, such as salaried workers, small business owners, farmers, self-employed individuals.
Pragathi Krishna Gramin Bank Two Wheeler Loan Eligibility Criteria:
- Government employees and Semi-government enterprises, autonomous bodies, public sector enterprises, private companies or reputable establishments, professionals or self-employed individuals/businessmen, and are eligible to take loans.
- The applicant must be at least 18 years old and a maximum of 60 years old.
- Students with a co-borrower who is either their father, mother and spouse are also eligible.
- A valid driver’s licence is required for the borrower loans.
- Bank laws require a minimum net annual income.
Factors Affecting Pragathi Krishna Gramin Bank Two Wheeler Loan Eligibility
- The higher the salary, the higher are the chances of getting a Two Wheeler Loan.
- Banks investigate the borrower’s firm in which he/she is working and the duration for which they are working.
- CIBIL score is vital when applying for a loan. Lenders consider the credit history and CIBIL Score when they are approving a loan.
- The age is crucial for loan acceptance as per the bank’s criteria.
Documents Required for Pragathi Krishna Gramin Bank Two Wheeler Loan
Pragathi Krishna Gramin Bank Two Wheeler Loan Eligibility FAQs
✅ What is an unsecured two-wheeler loan?
If the loan is taken without any collateral or security, it is called an unsecured two-wheeler loan. As the loan repayment risk is high for banks, they offer this loan at higher interest rates
✅ What is the benefit of a good credit score?
If you have an excellent credit score, you will be offered a loan with the lowest possible interest rates and other favourable terms.
✅ How much will be the processing time?
Following the submission of the relevant documentation, the loan is typically processed and sanctioned in 1-7 working days.
