TWOWHEELAR LOAN
₹ 25,000 / Number
Scheme Highlights
TWOWHEELAR LOAN – Your Gateway to Freedom on Two Wheels
Dreaming of owning your very own two-wheeler but worried about the finances? Look no further! The TWOWHEELAR LOAN is tailored to help you unlock the joy and convenience of riding your dream bike. Whether it's for daily commuting or weekend adventures, this loan is designed to make your purchase smooth, affordable, and hassle-free.
Why Choose TWOWHEELAR LOAN?
Easy Application Process: Get started with a straightforward and fast application process—no complicated paperwork.
Flexible Repayment Options: Enjoy repayment plans that suit your budget and financial goals.
Competitive Interest Rates: Benefit from low-interest rates that keep your payments manageable.
Wide Eligibility: Whether you're a first-time buyer or upgrading to a better model, our loan is accessible to a variety of applicants.
Quick Approvals: Don’t wait to hit the road—get your loan approved in record time!
Owning a two-wheeler isn't just about convenience—it's about independence, freedom, and the thrill of the ride. With the TWOWHEEL
Loan Eligibility Criteria Against Recurring Deposit (RD)
1. Loan Eligibility Based on Maturity Value:
The maturity amount of the Recurring Deposit (RD) — which includes both the principal and interest accrued — will be treated as the base value to assess the loan eligibility.
2. One RD Equals One Loan Unit:
Each loan offered will be considered against one RD account only, and the maturity value of that RD will represent one loan unit.
3. Minimum Eligibility Requirement:
To be eligible for a loan, the customer’s RD maturity value must be at least double the loan amount requested.
Example: If a customer seeks a loan of ₹50,000, their RD maturity amount must be ₹1,00,000 or more.
4. When Eligibility Criteria is Not Met:
If the RD maturity value is less than twice the desired loan amount, the customer must open an additional Recurring Deposit account(s) such that the combined maturity value of all RD accounts meets the required eligibility.
5. Combined Deposit Consideration:
The customer may opt for multiple RD accounts, and the aggregate maturity value of these will be considered to calculate the eligible loan amount.