Indian Overseas Bank Two Wheeler Loan

Even though you are going through a difficult time pertaining to your finances, you still need a mode of transportation in order to be on time for your job and if you feel that you cannot afford an automobile, you can opt for a bike. If you can’t buy a brand new bike, you can take advantage of Indian Overseas Bank Two Wheeler Loan that offers financial support for the purchase of a bike. Two Wheeler Loan offers an affordable rate of interest.

Interest Rates and Charges: 11.50%

Features and Benefits

Affordable

Simple and Hassle free

Easy to pay back

Flexibility of payment

Speedy Approval in 4 hours

Minimum Documentation

Attractive Interest Rates

Eligibility

Minimum age- 21 years

Maximum age- 65 years

Minimum employment- For Salaried 1 year in current employment / For Self- Employed at least 3 years in business

Minimum Annual Income- for Salaried Rs 70,000 net annual income / For Self- Employed Rs. 60,000 p.a

Telephone: Must at the residence.

Documentation

Proof of Identity- Passport copy/ PAN Card/ Voters ID card/Aadhar Card

Income Proof- For Salaried Latest salary slip of 6 months / For Self- Employed Latest 1 year ITR

Address Proof- Ration card / Driving license / Voters card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy PAN Card

Bank Statement: Last 6 months

About Indian Overseas Bank

Indian Overseas Bank is a Public sector bank in Chennai, India. The bank was founded on 10 February 1937 by M. Ct. M. Chidambaram Chettyar. The bank has 3400 domestic branches including 1150 branches in Tamil Nadu, 3 extension counters and eight branches overseas offices as 0f 30 October 2017.