Do I have pay any margin money to avail the two wheeler loan?
Yes, a 15% margin money is mandatory for loans availed to purchase a new two wheeler.
Do I have to provide any security or collateral for the loan?
Yes, the hypothecation of the vehicle to be purchased is necessary to avail the loan.
What are the rates of interest offered by DENA Bank to purchase a two wheeler?
An interest rate of 11.30% for loans availed for the tenure of up to 3 years, and a rate of 11.80% for a tenure of more than 3 years.