SBI Bank Two Wheeler Loan

State Bank of India is India’s largest bank and a trusted financial service provider over the years. Get SBITwo Wheeler Loan at 17.65% per annum. With the growing economy comes the need for independent transportation. Most rural & urban families prefer the 2-wheelers for their easy of operation during peak traffic hours and the low maintenance cost. State Bank of India two wheeler loans offers a loan amount of six times the net monthly income.

Overview of State Bank Of India Two Wheeler Loan

State Bank of India (SBI) is the biggest public sector bank in India. It is a government-owned corporation with its headquarters in Mumbai and branches all around the country and world.The company is ranked 232nd on the Fortune Global 500 list of the world's biggest corporations as of 2016

SBI two wheeler loan offers scooters, motor cycle, moped, battery operated vehicles and much more at competitive interest rates. You need not pay any advance EMI and pay one of the lowest processing fees.

Why Pick State Bank Of India Car Loan?

Quite simply, anyone who looks forward to a Two Wheeler loan wants some basic needs to be taken care of –hassle-free documentation and fast processing of loan.State Bank of India takes care of all of the basic needs. Their direct connection with Two Wheeler manufacturers ensures that you get a Two Wheeler at the lowest possible vehicle rate and their attractive deals gives them an edge over its competitors.

You can get 85% of loan amount approved with flexible repayment terms.are a win-win for everyone!

Features of State Bank of India Two wheeler Loan

State Bank of IndiaTwo wheeler Loan offers some attractive schemes:

  • No Advance EMI
  • Lower interest rates
  • Lowest EMI
  • Get loan up to 85% of ‘On Road Price’ of vehicle.
  • Interest Calculated on Daily Reducing Balance.
  • You get the flexibility of payment of EMI anytime during the month.
  • Get free Accidental insurance.
  • You also get optional SBI Life cover.
  • SBI now offers super bike loan ( bikes with 500CC or more) Applicants age should be more than 21years and the Net Income should be above 6 lacs.
  • Repayments can be done up to 36 Months in Normal Bike and 60 months in Super bikes.

Benefits of Applying State Bank of India2 Wheeler Loan on Letzbank.com

There are a lot of benefits to apply State Bank of IndiaTwo Wheeler loan on Letzbank.com.

  • Wide Selection of Loans– At Letzbank, you can find loans from all the major banks that are presented at one page to you. This is a hassle free method to make comparisons between loans and make a selection on which loan suits your needs.
  • Service Charge Waiver– Applying for a loan at Letzbank website is for free. In fact, we have made the loan application procedure easier and quicker by collaborating directly with the banks. Letzbank also waives off the service charge for all loan applications processed at their website.
  • Instant Quotes– Letzbank.com gets you instant access to Two Wheeler loan quotes from a bank of your choice within seconds.
  • Online Form Application– Submit the car loan application from the comfort of your home at Letzbank.com website and let us handle the application process for you.

State Bank of India Two Wheeler Loan Eligibility

The eligibility to avail State Bank of IndiaTwo Wheeler Loan and the documents required is as follows:

For Salaried Individuals

Eligibility

  • Minimum age should be 21 years and maximum age at loan maturity should be 65 years.
  • Minimum net yearly income should be a minimum of Rs. 65,000for mopeds & battery operated two wheeler. Rs 75,000 for regular Petrol/diesel vehicle.
  • A Permanent employee of State / Central Government, Public Sector Undertaking, Private Company or a goodorganization.
  • An individual engaged in agriculture and associated activities.

Documents Required

  • Identity Proof- Passport, Pan Card, Voters Id, Driving License (copy of any one of these).
  • Salary Proof- Form 16 copy and latest salary slip.
  • Address Proof- Driving License, Ration Card, Voter ID, Passport copy, Telephone bill, Electricity bill, LIC policy (copy of any one of these).
  • Bank account statement to show salary credit for the last 6 months.

For Self Employed Individuals

Eligibility

  • Minimum age should be 21 years and maximum age at loan maturity should be 65 years.
  • Minimum net yearly income should be a minimum of Rs. 1 lakh.
  • Employment with the current business must be at least2 years.

Documents Required

  • Bank Statement of the borrower for the last 12 months.
  • Two passport size photographs
  • Proof of residence: Aadhar card, Passport, Voters Id, Driving License.
  • Pan Card.
  • Latest salary slips showing tax deductions.
  • TDS certificate-Form 16 in case of salaried persons.
  • A copy of Income Tax Return for the last two financial years.
  • In case of self employed proof of official address.

SBI Two Wheeler Loan Interest Rates

Get SBI Two Wheeler Loan at 17.65% per annum.