Two Wheeler Loan Faridkot

All About Two Wheeler Loan Faridkot

Faridkot is the city in Punjab. It is one of the 22 districts in Punjab. According to 2011 census, the population has reached up to 618,008. With the rise in the economy, the banks and NBFC’s have reached this city in order to achieve the goals of every individual who has a dream of owning a vehicle.

Two Wheeler Loan

Two Wheeler loan is one of the affordable financial product provided by the banks. This loan was provided in the segment of the low-interest rate. India is basically a big home for middle-class families and they mostly use Two Wheelers for their various purposes like at work, enjoyment, enjoyment purposes etc. Two wheeler loans come up with the lowest interest rates provided by the bank. Following paragraph, the customer can find the features, eligibility and documentation criteria in order to meet the requirements of two wheeler loan.

Features of Two Wheeler Loan Faridkot

Following are the numerous benefits of a two-wheeler loan

1. Margin provided by banks: On average, most two-wheeler loans will pay for up to 90% to 98% margin of finance depending on the individual to individual. Which further results in the customer can make down payment of only 10% of their loan.
2. Annual pay/income/salary: Banks often offer these loans to people who are earning as low as INR 7000 per month for a salaried individual and INR 6,000/- for self-employed
3. No prepayment charges: Most banks do not charge any prepayment charges if you are able to pay up your loaned amount before your tenure ends.
4. Extra charges covered: These loans cover the cost of accessories, insurance, and even registration. This means that customer getting finance for not only on the vehicle but the essential expenses on the same.
5. Loan Tenure: Borrowers are provided with reasonable time to pay back for their two-wheeler loan with tenures that ranges from 12 to 48 months and in some cases it extended to 5 years.
6. Credit score/Cibil: For a first-time buyer for a vehicle or one who is going to opt loan for the first time, two-wheeler loans is a great idea to open the file for the credit score. The customer should have their credit score above 700.

Eligibility Criteria for Two Wheeler Loan Faridkot

Documentation Required for Two Wheeler Loan Faridkot

Documents required for a two wheeler loan are as followed:

Two Wheeler Loan  Interest Rates  

Two Wheeler interest rates generally vary from bank to bank and it depends upon individual case 12.50% to 18.25% maximum. These rates are one of the lowest among all rates in comparison to other loans provided by banks.

Banks which Provide Loans

1. HDFC Bank Two Wheeler Loan
2. Bank of Baroda Two Wheeler Loan
3. AXIS Bank Two Wheeler Loan
4. Canara Bank Two Wheeler Loan
5. Central Bank of India Two Wheeler Loan
6. City Union Bank Two Wheeler Loan

How to Apply for Two Wheeler Loan Faridkot?

Apply for the two-wheeler loan by click on the link below:

https://dialabank.com

Dialabank provides the document pickup facility from your doorstep without any extra charges.

Dialabank is one of the most reliable platforms to apply for a two-wheeler loan.