What are the documents required for bike loan?

What is required for bike loan?

Required Documents For Two Wheeler Loan:

Two recent passport size photographs. Address Proof: Passport/Driver’s License /Voter’s ID/Utility Bill/Aadhaar card/Bank account or Post Office savings bank account statement. … Last 3 month’s bank statement is mandatory.

Can you get bike loan without proof?

Can I get a bike loan without proof of income? Yes, with other documents in place.

Can I get 100% bike loan?

You can avail a loan up to 100% of the two wheeler actual cost for bikes, up to ₹1,50,000. You can avail a loan tenure up to 5 years. With quick processing and minimal paperwork, your two wheeler loan will be processed in no time.

How can I check my bike in finance?

Through SMS:

The number 97177 52222 is their self-service call number. After giving a call to this number, it instantly gets disconnected. You then immediately receive the details regarding your loan application status on the mobile number listed with the company.

What is the process of financing a bike?

Apply for a Two Wheeler Loan in Four Easy Steps:

Just fill the online application form for two wheeler loan and you will get the loan status instantly. Visit the dealership showroom where the friendly staff will assist you in completing loan formalities. Submit the required documents for processing of your loan.

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Which bank is best for 2 wheeler loan?

Two wheeler Loan Interest Rates 2021

Bank Lowest Interest Rate Processing fee
L&T Finance 10.75% p.a. – 15.00% p.a. At L&T discretion
State Bank of India (SBI) 16.25% p.a. To 18.00% p.a. 2% of the loan amount + GST
Axis Bank 10.80% – 28.30% Up to 2.5% of the loan amount
HDFC Bank 20.90% p.a. Up to 2.5% of the loan amount

How can I get a bike without a down payment?

Bike Loan without any Down payment

A zero loan without down payment loan is called a 100% financing Loan. The lender doesn’t ask for any margin or down payment, and the lender finances the bike’s whole cost. There is some processing fee that the borrower will have to pay, but the lender finances the bike’s entire cost.

How can I get a bike with no down payment?

How to apply for a Zero down Payment Bike Loan?

  1. Get in touch with a representative from the lending institution.
  2. The representative will understand your needs and give details about the zero down payment bike loan.
  3. If you are interested in the borrowing product, then you can fill and sign the loan application form.