Hey!! State Bank of India offers uper bike loan scheme for the Purchase of new super bikes known as SBI Super Bike Loan Scheme


Eligibility Criteria for applying for this Loans Scheme:
-An Individual between the age of 21 to 65 years.
-A Permanent employee of State / Central Government, Public Sector Undertaking, Private company or a reputed establishment or
-A Professional or self-employed individual who is an income tax assessee or
-A Person engaged in agriculture and allied activities.
-Minimum Net Annual Income Rs. 75,000 (for regular petrol/diesel/gas operated scooters & motor cycles) and Rs. 60,000 (mopeds and battery-operated Two-wheelers).


Processing Fee:
-1.22% of Loan amount for Normal Bike Loans
-Super Bike Loans – 2.00% of the loan amountsubject to minimum of Rs. 6,000/- and maximum of Rs. 20,000/-

Repayment: 36 Months in Normal Bike loans & Upto 5 Years in Super Bikes

Margin:
15% of the on the road price (which includes vehicle registration charges, insurance, one-time road tax)

Documents Required
The following papers are to be submitted along with loan application:
-Statement of Bank account of the borrower for last 12 months.
-2 passport size photographs of borrower(s).
-Signature identification from bankers of borrower(s).
-A copy of passport /voters ID card/PAN card.
-Proof of residence.
-Latest salary-slip showing all deductions and TDS certificate-Form 16 in case of salaried persons
-Copy of Income Tax Return for last two financial years, duly acknowledged by ITO for professionals, self-employed and others.
-Proof of official address for non-salaried individuals.