Federal Bank Two Wheeler Loan

Federal Bank provides two-wheeler loans at very low rates of interest. You can apply online on www.bestloandeal.in . R.A Sankaranarayanan is the C.E.O of the bank. The bank provides so many financial services to the customers at very low rates of interest. The loans include education loan, gold loan, home loan, personal loan and two wheeler loans. The Federal Bank provides two wheeler loans at very low rates of interest to the customers. To apply online you have to visit on www.bestloandeal.in .

Category of Two-wheeler Loan

The two-wheeler loan usually comes in the category of secured loan. A secured loan is a kind of loan where you pledge something to the bank as a security. However, you don’t pledge anything from your existing property in a two-wheeler loan but you pledge the two-wheeler to the bank that you are buying. Bank or other lender is completely liable to bound your two-wheeler if you don’t return the loan.

Eligibility

First of all the age of the applicant should be more than 18 years.

After that, the applicant should be a citizen of India.

The applicant should be earning from somewhere.

The maximum age of the applicant can be 65 years.

The monthly income of the applicant should be Rs. 7000 per month for the salaried applicant.

After that, the income of the self-employed person should be Rs. 6000 per month at least.

Rates of Interest

The rates of interest vary from person to person. It usually based on the income of the applicant and on the two-wheeler he/she going to buy and besides that, the tenure of the loan is also a factor in deciding the rate of interest.

Documents

First of all two-passport sized colored photographs (Without spectacles)

One proof of Identity

One Residence Proof 

             Proof of Identity.          Proof of residence.
Aadhar Card Aadhar Card

 

PAN Card

 

PAN Card
Voter ID Card

 

Voter ID Card

 

Driving License

 

Driving License/ Ration Card

Water and electricity bills for the last six months/Rental Agreement

 

 

 How to apply?

You can easily apply online.

Visit www.bestloandeal.in  on google.

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