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July 19th, 2016, 12:26 PM
Super Moderator
 
Join Date: Mar 2013
Re: State Bank Of India Two Wheeler Loan Application

The State Bank Of India is provides a Two Wheeler Loan Application for those customers who purchase a new bike.

SBI provide the best Two- Wheeler loan scheme for you to take a loan for purchase of new Two- Wheeler.

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

SBI offers you:
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;

Margin
15% of "Ex-showroom Price" of the vehicle

Age
Age of the applicant should be between21-65 years.

SBT two wheeler loan details:

Interest Rates 12.20% – 17.90%
Processing Fees 1.24% – 2.03%
Pre payment Charges Nil
Lowest EMI Rs.361 / thousand
Min. Income Rs.5000 per month
Loan Repayment 1 to 3 years


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