As you are looking to get information about Two Wheeler Vehicle Loan from State Bank of Bikaner and Jaipur, here I am providing complete details related to Two Wheeler Vehicle Loan:

Name of the scheme SBBJ Two Wheeler Loan
Purpose Purchase of new Two Wheeler

Eligibility Permanent employees of Central / State Govt., Quasi Govt., reputed
PSUs, profit making public limited companies, reputed institutions and MNC’s corporates enjoying credit facilities from our Bank having credit rating of SBBJ-1 & SBBJ-4 and reputed institutions with minimum of 2 years service drawing salary through account maintained with our bank.
Min. NMI of Rs.5000/- or net Min. Annual income Rs.60000/-

Loan Amount Min, Rs.10000/-, 12 times of NMI Max. Rs.75000/-

Margin 20%

Repayment 36 to 60 months

Security Hypothecation of vehicle purchased
Hyp. Charge noting with RTO
PDCs for EMI

Processing Fee 1.15% of the loan amount


Interest Rate 1 YR MCLR Rate 9.15 % w.e.f. 01.12.2016
Spread Over MCLR Effective Rate (%) as per MCLR
2.05% above MCLR 11.20