Go Back   2019-2020 StudyChaCha > >




  #1  
Old August 2nd, 2012, 11:54 AM
Vinodt
Super Moderator
 
Join Date: Jun 2013
Posts: 42,143
Default

I am interested to take the two wheeler loan from State Bank of India but I don’t have information about the Eligibility and documents required for loan so can you provide me that information and also provide me an application form and official webpage of this bank?

>>>>> Answer <<<<<<

As you want to get the details of eligibility criteria of State Bank of India Two Wheeler Loan so here is the information of the same for you:

Eligibility:
Candidates must be in between the age of 21-65 years

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

Salient Features:
For salaried persons, the maximum loan amount is restricted to 6 times Net Monthly Income (NMI), i.e. net of all deductions including actual monthly tax deductions at source.
In case of others, the maximum loan amount is restricted to half of Net Annual Income (NAI), i.e. income as per latest income tax return filed less taxes payable.
For agriculturists, the net annual income should be arrived based on the nature of their activity (i.e. farming, dairy poultry, orchards, etc) land holding, cropping pattern, yield, etc., and average level of income derived there from in the area.

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).

Repayment
You can repay the loan within 36 months.

Interest Rates:



Contact Details:
State Bank of India
Sansad Marg
Police Colony,
Connaught Place
New Delhi,
Delhi 110001
India

Map Location:
Reply With Quote Quick reply to this message
Other Discussions related to this topic
Thread
Two Wheeler Loan IDBI Bank
State Bank Of India Two Wheeler Loan Application
KVB Bank Two Wheeler Loan
Standard Chartered Bank Two Wheeler Loan
United Bank Of India Two Wheeler Loan
SBI Two Wheeler Loan
Two Wheeler Loan Citibank India
Union Bank of India Two Wheeler Loan
State Bank of Hyderabad Two Wheeler Loan
State Bank Of Mysore Two Wheeler Loan
Syndicate Bank Two Wheeler Vehicle Loan
Sutex Bank Two Wheeler Loan
Two Wheeler Loan Standard Chartered
Eligibility For Home Loan In Syndicate Bank
PNB Two Wheeler Loan Apply Online
Vijaya Bank Personal Loan Eligibility
UCO Bank Home Loan Eligibility
Syndicate Bank Personal Loan Eligibility
SBI Two Wheeler Loan Emi
SBI Home Loan Eligibility






  #2  
Old August 2nd, 2012, 06:07 PM
Rahul Pratik
Super Moderator
 
Join Date: Nov 2011
Posts: 11,847
Default Re: SBI Two Wheeler Loan Eligibility

The eligibility and documents required for taking a Two wheeler loan from State Bank of India are:

• Statement of Bank Account of Borrower for last Twelve months
• Two passport size photographs of Borrower(s)/Guarantor
• Salary certificate & form 16 of previous year ( in case employed)
• I.T. Returns with all enclosures for the last 2 years (if I.T.Assessee) duly accepted by the ITO
• Signature identification from bankers of the borrowers(s)/guarantor
• Proof of identification ( identity two-Wheelerd / Passport / Voter Identification / Driving licence )
• Proof of Residence like tax receipt, telephone bill, electricity bill, I.T.Order,etc.for applicant
• Proof of official address for non-salaried individuals


SBI Two wheeler loan interest rate for tenure of 3years will be: 8.25% above Base Rate i.e. 18.25% p.a.

We are providing you the two-wheeler loan application form of SBI, to get the application from, download the attachment given below.
Attached Files
File Type: pdf State Bank of India Two Wheeler loan application form.pdf (435.8 KB, 659 views)
__________________
Answered By StudyChaCha Member
Reply With Quote Quick reply to this message
Sponsored Links






















  #3  
Old January 4th, 2013, 12:57 PM
bukam mossang
Guest
 
Posts: n/a
Default Re: SBI Two Wheeler Loan Eligibility

i want to take two wheeler loan
Reply With Quote Quick reply to this message
  #4  
Old March 16th, 2013, 11:14 AM
Unregistered
Guest
 
Posts: n/a
Default Re: SBI Two Wheeler Loan Eligibility

hi, I want to know eligibility of two wheeler loan in sbi
Reply With Quote Quick reply to this message
  #5  
Old March 21st, 2013, 01:23 PM
Unregistered
Guest
 
Posts: n/a
Default Re: SBI Two Wheeler Loan Eligibility

I WANT TO TAKE 2 WHEELER FRM SBI
Reply With Quote Quick reply to this message
  #6  
Old June 3rd, 2013, 01:08 PM
Unregistered
Guest
 
Posts: n/a
Default SBI Two Wheeler Loan Eligibility

Give me eligibility and features of SBI Two Wheeler Loan?
Reply With Quote Quick reply to this message
  #7  
Old June 4th, 2013, 01:47 PM
Gunjan
Super Moderator
 
Join Date: Dec 2011
Posts: 40,520
Default Re: SBI Two Wheeler Loan Eligibility

State Bank provide loan for 2 Wheeler to their customers. Following is eligibility to apply for this loan:

Age must have between 21-65 years.
Candidate must have Permanent employee of State / Central Government, Private company, Public Sector Undertaking, 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 diesel/petrol/ gas operated scooters & motor cycles and Rs. 60,000 for mopeds and battery-operated Two-wheelers

Features:
LTV 85% of ‘On Road Price’ of vehicle
Free Accidental insurance
Optional SBI Life cover
Interest Calculated on Daily Reducing Balance
Flexibility of payment of EMI anytime during the month
No Advance EMI
Lower interest rates Lowest EMI
Low processing fee (only 1.22% of loan amount)
Processing Fee: 1.22% of Loan amount
__________________
Answered By StudyChaCha Member
Reply With Quote Quick reply to this message
  #8  
Old August 11th, 2013, 07:18 PM
Unregistered
Guest
 
Posts: n/a
Smile Re: SBI Two Wheeler Loan Eligibility

Quote:
Originally Posted by Unregistered View Post
hi, I want to know eligibility of two wheeler loan in sbi
I am studying B.Com III year and I like to get loan to purchase a new 2 wheeler. Please inform whether I am eligible to get loan from SBI. the terms and conditions may be furnished.
Reply With Quote Quick reply to this message
  #9  
Old December 20th, 2013, 12:35 PM
Vinodt
Super Moderator
 
Join Date: Jun 2013
Posts: 42,143
Default Re: SBI Two Wheeler Loan Eligibility

State Bank of India was established in July 1, 1956. It is recognized as one of the top banks in India. It provides various facilities to the clients like loan, credit cards, debit cards and many more. Following are the details of two wheeler loan:

Eligibility:
The applicant must be Permanent employee of State / Central Government, Private Company, Public Sector Undertaking, or A Professionals or self-employed individual who is an income tax assessee or A Person engaged in agriculture and allied activities.

Two - Wheeler Loan
Tenure Rate of Interest
Up to 3 years 8.25% above Base Rate i.e. 18.25% p.a.
Reply With Quote Quick reply to this message
  #10  
Old April 11th, 2014, 01:41 PM
KAMYACHOUDHARY
Guest
 
Posts: n/a
Smile Re: SBI Two Wheeler Loan Eligibility

[QUOTE=i want to take two wheeler loaN
Reply With Quote Quick reply to this message
Reply


Reply to this Question / Ask Another Question
Your Username: Click here to log in

Message:
Options

Forum Jump


All times are GMT +6.5. The time now is 02:39 AM.


Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2019, vBulletin Solutions Inc.
Search Engine Optimisation provided by DragonByte SEO v2.0.42 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.