rural-two-wheeler-loan

Two-Wheeler Loan

Wouldn’t life be dull without some swiftness? At Ujjivan Small Finance Bank, we help you materialise your dream of owning a two-wheeler, which promises to add comfort and convenience to your life. Owning a two-wheeler gives you the freedom to be where you need to be on time.

 

We offer up to ₹ 2.75 lakhs to buy the two-wheeler of your choice. Moreover, we endeavour to make the loan application process simple and straightforward requiring only basic documents and provide quicker decision time for loan sanction.

 

Avail our two-wheeler loans now to add speed and progress to your life!

Eligibility

  • Age criteria: 18 to 59 years of age

  • Salaried/Self-employed with minimum work experience of one year

Features And Benefits

Customised financing options to cater to all types of 2-wheeler needs

Up to 95% funding on the on-road price

Flexible tenure options, ranging from 12 to 36 months

Hassle-free documentation

Competitive interest rates

Easy repayments

Features And Benefits

Features And Benefits

Minimum Documents Required

  • KYC documents
  • One passport size photograph

Schedule Of Charges

Loan Amount₹ 26,000 - ₹ 2,75,000
Loan Tenure12 - 36 months.
Rate of Interest21%- 26% p.a. (IRR).
Processing FeeUp to 2% of loan amount + GST.
Documentation Charges₹ 500 + GST.
Stamp dutyAs per the state by-laws.
CERSAI ChargesAt actuals
Late Payment Charges2% on the overdue amount + GST.
Bounce Charges₹ 450 per bounce + GST.
Pre-closure ChargesPre-closure of loan will attract a pre-payment penalty of 2 % p.a. of principal outstanding + GST.

Maximize your savings! Earn up to 8.75% p.a. on our Fixed Deposits!

Book FD Online