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  #21  
Old October 18th, 2015, 11:49 AM
shabnams
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Join Date: Dec 2012
Posts: 19,799
Default Re: SBI Two Wheeler Loan Eligibility

State Bank of India was founded in July 1, 1955, it is an Indian multinational, Public Sector banking and financial services company and it is a government-owned corporation.

2-WHEELER LOAN:


Purpose
To provide finance for purchase of new Two-wheelers viz. scooter/motor cycle/ moped/battery-operated vehicles.

Eligibility

To avail an SBI Two Wheeler Loan, you should be:

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
Person engaged in Agricultural 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)-

Documents Required


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

Margin
15% of the on the road price (which includes vehicle registration charges, insurance, one-time road tax).

SBI Two wheeler loan
Interest rate

8.60% above Base Rate i.e. 17.90% p.a

Fees and charges:

2-WHEELER SCHEME
1.24% of loan amount Min: Rs. 260.00, Max: Rs. 517.00
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  #22  
Old October 21st, 2015, 02:46 PM
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Default Re: SBI Two Wheeler Loan Eligibility

Can you please give here detail about the eligibility for issue Two Wheeler Loan from State Bank of India (SBI)?
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  #23  
Old October 21st, 2015, 02:47 PM
shabnams
Super Moderator
 
Join Date: Dec 2012
Posts: 19,799
Default Re: SBI Two Wheeler Loan Eligibility

State Bank of India (SBI) offers Two Wheeler Loan to purchase of new Two- Wheeler. This loan help financially to customers . customers can get this loan on low interest rate and can make repayment through convenient EMI’s.

Features of SBI two wheeler loan :
No Advance EMI

Lowest interest rates
Flexibility of payment of EMI anytime during the month
Lowest EMI
LTV 85% of On Road Price of vehicle
Interest Calculated on Daily Reducing Balance
SBI Life cover
Low processing fee
Free Accidental insurance

Eligibility:

Age : 21-65 years of age.

Permanent employee of State / Central Government, Public Sector Undertaking, Private company or a reputed establishment

Minimum Net Annual Income
Rs. 75,000
(for regular petrol/diesel/gas operated scooters & motor cycles)

Rs. 60,000
(for mopeds and battery-operated Two-wheelers)

Documents Required

Statement of Bank account .

2 passport size photographs

Signature identification

Copy of passport /voters ID card/PAN card.

Proof of residence.

Latest salary-slip or
Form 16

Copy of Income Tax Return.

Proof of official address .

Margin
15% of the on the road price

Repayment
36 months.

Interest rate and fee and charges :

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  #24  
Old December 15th, 2015, 01:37 PM
Shivaraj S
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Smile Re: SBI Two Wheeler Loan Eligibility

Quote:
Originally Posted by Unregistered View Post
Give me eligibility and features of SBI Two Wheeler Loan?
Dear Team,
Request to please send me the details of TWO wheeler loan from SBI bank.
I have account in SBI bank y account number is 20162518462.please provide the eligibility of Loan.
thanks
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  #25  
Old August 26th, 2019, 01:11 PM
Unregistered
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Default Re: SBI Two Wheeler Loan Eligibility

Can you tell me about the eligibility requirement for applying for Two Wheeler Loan in SBI (State Bank of India) as I want to check if I am eligible for it or not?
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  #26  
Old August 26th, 2019, 01:13 PM
Aakashd
Super Moderator
 
Join Date: Jun 2013
Posts: 44,192
Default Re: SBI Two Wheeler Loan Eligibility

SBI (State Bank of India) provides two wheeler loans at affordable interest rates, and with a wide array of lucrative features and benefits.


SBI provide Two- Wheeler loan scheme with:

No Advance EMI;
Lowest interest rates;
Lowest EMI;
LTV 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


Eligibility

To avail Loan, one should be:

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 assesse or

Person engaged in Agricultural 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)


Documents Required
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 borrowers
Signature identification from bankers of borrowers
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



SBI Two Wheeler Loan Eligibility


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