Regardless of what bike you need ideal from a Moped to a 500cc racer bicycle our bike Loan plan is intended for you. So proceed, it's your decision. Agreeable reimbursement alternatives for the bicycle you had always wanted.

Highlights

It is accessible to all Individuals.

It is for the Purchase of a bike for individual utilize

Karur Vysya Bank 2 Wheeler Loan Eligibility Criteria:

Any person with a consistent pay can profit the credit.

The net pay of the person after finding of the credit's EMIs ought to be at least 25% of the aggregate wage.

Edge

25%

Most extreme Repayment Tenor

36 Months - EMI

SCHEME
ROI (drifting) p.a.

Bike loan

One-year MCLR + 5.35%

Essential security

Hypothecation of Vehicle bought out of bank fund.

Insurance security

Discretionary (NSC/KVP/LIC Policies, Bank Deposits, Land and Building and so forth.,)

Ensure

Discretionary. A reasonable Guarantor with adequate total assets , worthy to the Bank (ideally life partner or relatives or companions)

Protection Coverage for the Borrower

Accessible to the degree of Loan sum with BAGIC payable by the Borrower. (According to decision of the Borrower)

Handling charges

According to Norms

Different Terms and Conditions

The Net Take Home pay in the wake of deducting the proposed Loan Installments should be no less than 25% of gross pay.

Installment straightforwardly to dealer by method for DD/NEFT/RTGS/Account credit/and so forth.,

Branches will check credit value, uprightness, neighborhood standing and reimbursement limit of the borrower before engaging the proposition under the Scheme

An endeavor from the business to deduct advance portions and enthusiasm from the compensation of the borrower if there should be an occurrence of salaried representatives might be demanded.