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All Documents You Need To Apply For A Two-Wheeler Loan

Paying an EMI is for most people, especially in the urban towns and developed rural areas, much easier than shelling out a massive amount at one go. However, getting a loan sanctioned also depends on whether you are submitting the right documents. This article talks about the entire documentation process with regard to a two-wheeler loan. But let us first look at what are the main features of a two-wheeler loan.

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All Documents You Need To Apply For A Two-Wheeler Loan

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  1. A Guide to Two-wheeler Loan Documentation

  2. Two-wheeler Loan Features

  3. Eligibility • Minimum age to apply for a bike loan is 21 years. • Maximum age for salaried individuals is 60 years. • Maximum age for self-employed people is 65 years.

  4. Loan amount • Ranges from Rs 10,000 to Rs 1 lakh.

  5. Repayment tenure • Maximum repayment tenure is 48 months.

  6. Approval process • Loan is approved based on your income and documents.

  7. Mandatory documents for a two-wheeler loan

  8. Application form • You must furnish a duly filled two-wheeler loan application form.

  9. KYC proof • Submit your identity and address proofs.

  10. Proof of income • Salaried individuals should submit salary slips or salary account statements. • Self-employed people should submit current account statements or ITR.

  11. Photograph • Provide your recent passport size photographs.

  12. The two-wheeler loan documentation process is very simple. Understand it properly before applying for the same.

  13. Thank You !Would Love to Hear From You Hero FinCorp Limited 09, BasantLok, Vasant Vihar, New Delhi - 110057 Tel. 18001024145 Email Id: Corporate.Care@HeroFinCorp.com Website: https://www.herofincorp.com/ Know more: All Documents You Need To Apply For A Two-Wheeler Loan

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