Two Wheeler Loan in Vasai

Best Banks for Two Wheeler Loan in Vasai

Two Wheeler Loan in Vasai Features

Thinking of purchasing a new two-wheeler? But don’t have the required funds for it? Do not worry! A Two-Wheeler Loan is here for you. A Two-wheeler loan is a means of funding or financial help provided by banks and NBFCs to the applicants at an affordable rate of interest to aid them in buying a two-wheeler, whether new or used.

Two-wheelers have become a necessity for everyone, but the cost of two-wheelers is growing rapidly daily. This is where a two-wheeler loan comes into play and fulfils your desire to be the owner of your dream two-wheeler. The main features of a two-wheeler loan in Vasai are:

• Two-wheeler loans are available at low interest rates
• Almost all major banks and NBFCs offer two-wheeler loans in Vasai
• The documentation process is quick and hassle-free
• Two-wheeler loans are easily available through Dialabank

Two Wheeler Loan in Vasai Interest Rate

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Two Wheeler Loan in Vasai Documents Required

Documents required for a two-wheeler loan are as followed:

For Salaried:-

• Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
• Income Proof: Latest 3-month salary slip with form 16
• Address Proof: Driving license / Voters card / Passport Copy / Telephone Bill / Ration card / Electricity Bill / Life Insurance Policy /PAN Card
• Bank Statement: Last 6 months.

For Self Employed:-

• Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
• Income Proof: Latest ITR
• Address Proof: Voters card / Passport Copy / Ration card / Telephone Bill / Driving license / Electricity Bill / Life Insurance Policy /PAN Card
• Bank Statement: Last 6 months.

Two Wheeler Loan in Vasai Eligibility Criteria

The two-wheeler loan eligibility requirements are as followed:

For Salaried:-

• Minimum age: 21 years
• Maximum age at loan maturity: 65 years
• Minimum employment: 1 year in current employment and a minimum of 2 years of employment
• Minimum Annual Income: Rs 1,00,000 net annual income

For Self-Employed:-

• Minimum age: 21 years
• Maximum age at loan maturity: 65 years
• Minimum employment: at smallest 3 years in sales
• Minimum Annual Income: Net profit Rs. 60,000 p.a for regular cars and Rs.1,00,000 p.a. for mid-sized and superior cars

Two-wheeler loan for Top selling bikes in Vasai

Processing Fees / Prepayment Charges on Two Wheeler Loan in Vasai

The processing fee charges on a two-wheeler loan in Vasai are Up to 3% of the loan amount (maximum). Prepayment Charges are Within 4 to 6 months – 10% of principal outstanding Within 7 to 12 months – 6% of principal outstanding 13-24 months – 5% of principal outstanding Post 24 months – 3% of principal outstanding.
Prepayment is not allowed within three months of EMI repayment.

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Two Wheeler Loan in Vasai Contact Number

In case of any queries regarding the two-wheeler loan in Vasai, you may contact on the number 9878981166 for any sort of assistance.

Pre Calculated EMI Table for Two Wheeler Loan in Vasai

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Two Wheeler Loan EMI Calculator