So if you are woman and want to avail loan, it is beneficial for you. Many lenders offer loan at discounted rate to women applicants.You can get Two-Wheeler Loan at very competitive rates due to availability of large number of lenders providing Two-Wheeler Loan in the market.Availing a Two-Wheeler Loan reduces burden on your budget because it is comparatively convenient to repay the loan in installments against pay whole amount in lump sum to buy a Two-Wheeler.Majority of lenders approve the loan on the spot and take very minimal time for loan disbursal. The process of applying for Two-Wheeler Loan is very easy and even lots of lenders offer you a facility to apply for it online also with minimal documentation.Compare interest rates across all the banks and select the lowest one.Some banks provide loans up to 100% for their account holders for some specific models.Some banks offer lower interest rate with discount on processing fee exclusively for their account holders.Processing fee of around 0.50% of the loan amount is charged by some of the banks.Income of spouse can be taken into consideration for determining the income criteria.Collateral : Third party guarantee of one person of sound net means and income (optional- depends upon bank).Primary : Hypothecation of two-wheeler to be purchased.Repayment period for used car also depends upon how old the car is. Maximum 60 EMIs are allowed for New Car Loan and repayment through maximum of 36 EMIs is allowed in case of Used Two-Wheeler Loan. It varies from bank to bank and also depends on whether the tow-wheeler purchased is new or old one. Marginĥ% to 30% of On-road price which includes invoice value, cost of one time road tax, first time comprehensive insurance premium for one year. Age Proof- Mark sheets | pass certificates of S.S.C., H.S.C, Degree courses (Optional)īarclays Bank Two Wheeler Loan Eligibilityĥ% to 30% of On-road price which includes invoice value, cost of one time road tax, first time comprehensive insurance premium for one year.Proof of Address - Bank account statement, Latest electricity bill, Latest mobile/telephone bill, Latest credit card statement, Existing house lease agreement.Bank Statement or Bank Pass Book of having entries of last 6 months.Income Proof- Income Tax Returns of 2 previous financial years (for other than salaried individuals).Income Proof-Latest salary slip showing all deductions or Form 16 along with recent salary certificate (for salaried individuals).Proof of identity- Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card.Duly filled up and signed two-wheeler loan application form along with photographs.Minimum Net Annual Income criteria as per bank rulesīarclays Bank Two Wheeler Loan Document Required.The borrower should have a valid driving license.Maximum age of applicant at loan maturity: Retirement age for salaried individuals & 65 years for others.Students with father or mother or spouse as co-borrower.Employees of Government | Semi-Government Undertakings, Autonomous bodies, Public Sector Undertakings, Private Companies or Reputed Establishments, Professionals or self-employed individuals/ Businessmen, etc. ![]() Barclays Bank Two Wheeler Loan Eligibility ![]() who want to purchase new | used two wheeler are the borrowers of such loans. Generally, middle class of society like salaried class, small businessmen, farmers, self-employed, etc. Scooters, Motor Cycles, Moped(s), Scooterrete(s), Scooties, Battery-Operated Scooters, etc. Find Barclays Bank two wheeler loan purpos, Eligibility, Margin, Repayment of Two-Wheeler Loan ,Security, Documents Required for Two Wheeler Loan from below.įor purchase of new/ used Two-Wheelers i.e. It provides all the financial services to its customers like saving deposit, fixed deposit, recurring deposit, home loans, personal loan, car loan, education loan, gold loan, PPF account, lockers, netbanking, mobile banking, RTGS, NEFT, IMPS, E-Wallet, Atal Pension Yojana, Pradhan Mantri Jandhan Yojana, Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana and many more.įind details about Barclays Bank which includes Barclays Bank Official Website, Barclays Bank ATMs accross the India, Barclays Bank Branches accross the India, Barclays Bank Contact Numbers, Barclays Bank official EmailID, Barclays Bank Headquarter and Barclays Bank Headquarter Address. About Barclays Bankīarclays Bank is a foreign sector bank in india. Note: Updated on, for latest interest rates, please visit bank website.
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