SBI Two wheeler Loan | Interest Rates | Documents | EMI | 2014
SBI Two Wheeler Loans: Get Details on Documents, Interest Rates, EMI and Processing Charges on SBI bike loans in Delhi, Mumbai, Cochin, Bangalore, Chennai, Kolkata, Pune and chandigarh.
SBI provide the best Two- Wheeler loan scheme for you to take a loan for purchase of new Two- Wheeler.
2014 Interest Rates SBI Two – Wheeler Loan
Rate of Interest
Up to 3 years
SBI offers Best in Class Two wheeler Loans in India:
No Advance EMI
Lower interest rates Lowest EMI
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
Processing Fee : 1.22% of Loan amount
Repayment: 36 Months
Margin : You have to Atleast 15% of the on road price of 2wheeler.
Documents Required for SBI Two Wheeler Loan
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.
Eligibility for SBI 2 Wheeler Loan:
Individual between the age of 21-65 years of age.
A Permanent employee of State / Central Government, Public Sector Undertaking, Private company or a reputed establishment or
A Professionals or self-employed individual who is an income tax assessee or
A Person engaged in agriculture and allied activities.
Minimum Net Annual Income Rs. 75,000 (for regular petrol/diesel/gas operated scooters & motor cycles) and Rs. 60,000 (mopeds and battery-operated Two-wheelers)
Other Products from SBI:
| SBI Home Loan | SBI Personal Loan | SBI Credit Card | SBI Education Loan SBI Loan Against Property
Source: State Bank of India Website.
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