Tata Capital Two Wheeler Loan Eligibility

Tata Capital Two Wheeler Loan Eligibility

Bank Finance Amount Interest Rate Tenor Processing Fee Advance Part Payment Action
1,50,000 22.00 36 4.00% YES Check Eligibility

Two-wheelers loans are one of the most desired and most popular loans types owing to their ready availability at cost effective prices at which two-wheeler loans are offered in the market. If you have been to a two-wheeler showroom you would know that bank representatives offer on-spot loan approval for purchase of two-wheeler. Tata Capital offers lucrative two-wheeler loan deal for its customers, enlisted below are certain features of two-wheeler loans offered by Tata Capital.

  • Loan Amount: TATA capital offers two-wheeler loans upto Rs.1,50,000/- for its customers. It offers upto 95% finance on the on-road price of the vehicle. The tie-up of the organization with leading manufacturers and dealers allows it to offer its services quickly and you can avail on-spot approval of your two-wheeler loan. The tie-up of the organization with dealers and manufacturers also allows it to offer its customer two-wheeler loans at special reduced rates.
  • Rate of Interest: You can take your bike home through a TATA Capital two-wheeler loan at very low rate of interest of 10% per annum.
  • Loan Tenure: Customers can borrow TATA Capital two-wheeler loans for loan tenure of 5 years. Longer loan tenures ensure that you pay lower EMIs without disturbing your monthly budget.
  • Processing Fee: TATA Capital offers two-wheeler loans at ZERO Processing Fee

Eligibility Of The Customer To Borrow Two-Wheeler Loans At TATA Capital:

Eligibility to borrow for purchase of Standard Bike

  • Age: One should be atleast 21 years of age at the time of borrowing two-wheeler loan and maximum 65 years of age at the time of loan maturity.
  • Loan Amount: Minimum loan amount granted is Rs.10,000/- and maximum loan amount granted is Rs.3,00,000/-
  • Loan tenure: The loan is disbursed for minimum loan tenure of 12 months and maximum loan tenure of 60 months
  • You should be staying in the current address for a minimum period of 12 months
  • You should be employed with the same organization for a minimum period of 12 months
  • You can avail upto 95% loan to value or finance for any vehicle you wish to purchase.
  • Documents that are required to borrow two-wheeler loan at Tata Capital: Identity Proof, Age Proof, Address Proof, Proof of Income for Salaried.

Eligibility to borrow for purchase of High-end bike

  • Age: One should be atleast 21 years of age at the time of borrowing two-wheeler loan and maximum 65 years of age at the time of loan maturity.
  • Loan Amount: Minimum loan amount granted is Rs.10,00,000/- and maximum loan amount granted is Rs.40,00,000/-
  • Loan tenure: The loan is disbursed for minimum loan tenure of 12 months and maximum loan tenure of 36 months
  • You should have a house of your own; if you are living in your parent’s home then the paternal property can be shown too to prove your residential stability.
  • You should be employed with the same organization for a minimum period of 24 months
  • If you are salaried your minimum income should be Rs.15,00,000/- whereas if you are self-employed your minimum income should be Rs. 5,00,000/-
  • You can avail upto 65% loan to value or finance for any vehicle you wish to purchase.
  • Documents that are required to apply for Two-wheeler loans at Tata Capital: Identity Proof, Age Proof, Address Proof, Business Continuity Proof, Bank Statement, proof of ownership of residence.

Apply for TATA Capital Two-wheeler loans at Letzbank and avail a benefit of waiver on Service Fee on all applications that are submitted online.