SBI Bike Loan – Apply for SBI Two-Wheeler Loan Scheme

SBI Bike Loan – Apply for SBI Two-Wheeler Loan Scheme

State Bank of India (SBI) is the biggest PSU bank in India. Now it starts SBI Bike Loan Scheme for two-wheeler buyers. It offers two-wheeler loans and superbike loans for everyone. SBI Bike Loan with the lowest interest.

Full details about SBI Bike Loan:

Scheme Name SBI TWO-WHEELER LOAN SCHEME
Minimum loan amount Rs. 30,000/-
Maximum loan amount Rs. 250,000/-
Age Criteria Between 21-65 years
Minimum Income Criteria Min. NMI Rs. 12,500/- and Min. NAI Rs. 1,50,000/-
Margin required 25% of “On Road Price” of the vehicle
Repayment period Maximum up to 3 years
Official Website Click here
Interest Rate Click here
Processing fee Click here




Full details about SBI Bike Loan for Super-Bike:

Name of the Scheme SUPER-BIKE LOAN SCHEME
Minimum loan amount Rs. 2.50 Lakhs
Age of Customer Between 21-65 years
Minimum Income Criteria Rs 2.50 Lacs and above.
Margin Required/ LTV 15% of “Ex-showroom Price” of the vehicle
Repayment Tenure Maximum up to 5 years
Official Website Click here
Interest Rate  Click here
Processing fee  Click here

 

Documents Required for Apply:

For salaried employees –

  1. Application form
  2. Income Tax copy
  3. Driving License/ PAN/ Passport/ Voter ID (Identity Proof)
  4. Registered Rent Agreement/ Passport/ Leave and License/ Utility Bill (Address Proof)
  5. Form 16, last 3 months payslip, bank statement of 3 months showing salary credit and any EMI debit (Income Documents)
  6. Photographs




For Self-Employed – 

  1. Application form
  2. Income Tax copy
  3. Driving License/ PAN/ Passport/ Voter ID (Identity Proof)
  4. Registered Rent Agreement/ Passport/ Leave and License/ Utility Bill (Address Proof)
  5. Service tax registration/ Business existence proof such as VAT, business address proof, incorporation details in case of companies
  6. Last 2 years ITR (Income Documents)
  7. Photographs

 

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