About 2 Wheeler Loan

Owning a two-wheeler is not as far-fetched as it used to be a couple of years ago. Although they all may come with a hefty price tag, a two-wheeler loan makes it easy to own one. At Corprise, we help you own your dream two-wheeler with ease and simplicity.

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Documents Required for Two Wheeler Loan

    Personal Documents
  • 1. PAN Card of the applicant
  • 2. Aadhaar Card/Voter Card od the applicant.
  • 3. 1 Copy Photo
  • 4. Current Electric Bill
  • 5. Salary Slip (in case of salaried person)
  • 6. Last 1 Year ITR (in case of business)
    Other Documents
  • 1. Audited Financial Statements (in case of business)
  • 2. GST Returns of Last 2 Years (In Case of Business)
  • 3. GST Certificate (In Case of Business)

Types of 2 Wheeler Loan

Secured Loan

This is a type of loan that you get against collateral. Collateral can be a piece of your land, home, or other assets like gold. In most cases, lenders secure the two-wheeler loan against the bike, i.e, the bike becomes the collateral. In case of default in repayment of the two-wheeler loan, the bike will be seized by the lender to settle the loan.

Unsecured Loan

These loans are not secured against any asset or collateral.

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New 2 Wheeler Loan

We provide new car loans at fair interest rates with flexible repayment terms. Quick disbursement, personalised service and absolute transparency are some of our best features.

Pre-Owned Vehicle

We have tie-ups with authorised pre-owned car dealers. You can avail of loans for purchasing a pre-owned vehicle at affordable interest rates.

Loan Against Vehicle

Loan obtained against car is a convenient refinancing option that allows you to use your car as a guarantee so that you can get a loan to meet your immediate financial requirements.

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Why Choose Corprise for 2 WheelerLoan

Minimal Documentation

Simple documentation process for sanctioning your loan.

Customised Loan Amounts

Depending upon your need you can opt for a loan from Rs. Rs. 25,001 up to 100% * on-road funding.

Flexibility of tenure

You can adjust the repayment of your loan over a tenure ranging from 12 to 48 months for two-wheeler loans.

Two Wheeler Loan – Eligibility

Any salaried, self-employed or professional, employees of a Public or Private company can avail of a two-wheeler loan.

Age

Minimum 21 years of age while applying for a loan. Maximum age of applicant at loan maturity: 60 years

Income

Minimum Net Monthly Income: Rs 12,000

Permanent Address:

The applicant must be residing at the same address for at least one year.

FAQ

Two Wheeler Loans help you secure additional funds while buying your two-wheeler vehicle.

The Interest rates for Two-Wheeler Loans range between 10.80%-28.30%, depending upon various factors including the applicant’s details and the amount and tenure for which the loan is sought. Please note that these interest rates are subject to change periodically.

The eligibility criteria for two-wheeler loans depend on the applicant’s nature of employment and income:

For Salaried Individuals:

  • You must be over 21years but below 58 years
  • You must have at least 1-year work experience
  • Your minimum annual income must be over Rs. 1.40 Lakh
  • You must share bank statements for the past 3 months

For Self Employed Individuals:

  • You must be over 21 years but below 65 years
  • You must have completed at least a year in the current line of business
  • Your minimum annual income must be over Rs. 2.5 Lakh
  • You must share bank statements of past 3 months

The minimum tenure for two-wheeler loans is 12 months while the maximum tenure is 48 months.

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To apply for your required loan scheme, provide the necessary details in the application form below.

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