Two Wheeler Loan

To purchase a new motor bike or scooter directly from the showroom for personal use.

Interest RateAs per quantum of loan, fixed by the Board of Directors under the directives of the Reserve Bank of India from time to time.

Maximum Amount₹2 Lakhs

Maximum Tenure36 Months

Key Highlights

Loan for purchase of new two-wheelers only

Maximum loan amount up to ₹2 Lakh

Tenure up to 36 months

No personal guarantor required

Direct dealer payment with bank-registered hypothecation

Applicant must be a Regular Member with 2.5% share linking of the loan amount.

Salaried applicant must have minimum 1 year confirmed service with net salary not less than ₹20,000 per month.

Businessman must have minimum annual income of ₹3 Lakh.

Applicant must possess a valid driving license for the loan tenure.

If Learning License is submitted, Permanent License must be produced within 6 months or before expiry of Learning License, whichever is earlier.

KYC documents of the applicant.

Salary slips for latest 3 months with Form 16 (for salaried applicants).

ITR acknowledgements with computation of income, balance sheet and P&L account for last three years (for businessmen).

Any one proof regarding business/profession.

Driving license of the applicant.

Residential proof of applicant (Aadhaar mandatory with supporting proof).

Visit report of office/business premises and residence of applicant.

Pro-forma invoice confirmed with dealer.

Photographs of the vehicle along with borrower.

TTO set duly signed by the borrower.

Hypothecation of the two-wheeler in favour of the Bank with hypothecation charge registered with the RTO and Insurance Company.

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Processing Fee

As per prescribed Bank's Service Charges.

Visit the branch or call us for more details.