Corporation Bank Two Wheeler Loans

Corp Vehicle Loan (Two Wheeler)

Processing Fee
0.50

Loan Amount
₹ Up to1 Lacs
Tenure
1 - 3 Years

Description:

What will be covered by the Corp Vehicle Loan availed for purchasing a new two wheeler?

Sanctioned amount will cover the On-road price of two wheeler which includes cost of accessories, Registration Charges, Road tax and Insurance premium etc.

 

How much margin money I have to pay for a two wheeler loan?

A 25% margin money of the loan amount is mandatory for Corp Vehicle Loan availed for purchasing a two wheeler.

 

Do I have to provide any security for the availed loan?

Yes, the hypothecation of the purchased two wheeler must be provided to the bank for loan security.