#1
February 1st, 2017, 05:49 PM
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Two Wheeler Loan SBI Bank
Hii sir, I wants to Apply for the Two Wheeler Loan in the State bank of India Will you please provide me the Information About the Two Wheeler Loan of the State bank of India ?
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#2
February 2nd, 2017, 10:52 AM
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Re: Two Wheeler Loan SBI Bank
As you Asking for the Information About the Two Wheeler Loan of the State bank of India the Information About the Two Wheeler Loan is given below Features No Advance EMI; Lowest interest rates ; Lowest EMI; LTV 85% of On Road Price of vehicle; Interest Calculated on Daily Reducing Balance; Flexibility of payment of EMI anytime during the month; Low processing fee (only 1.22% of loan amount); Free Accidental insurance ; Optional SBI Life cover; Purpose To provide finance for purchase of new Two-wheelers viz. scooter/motor cycle/ moped/battery-operated vehicles. Eligibility To avail an SBI Two Wheeler Loan, you should be: Individual between the age of 21-65 years of age. A Permanent employee of State / Central Government, Public Sector Undertaking, Private company or a reputed establishment or A Professionals or self-employed individual who is an income tax assessee or Person engaged in Agricultural 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)- Margin 15% of the on the road price (which includes vehicle registration charges, insurance, one-time road tax). Repayment You can repay the loan within 36 months. Required Documents 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 For more details you may Visit the Nearest branch of the State bank of India |