What is the maximum amount I can borrow?
There is no cap on the maximum loan amount you can avail for two wheeler loan. You can avail up to 95% of on-road price of the two wheeler, subject to your repayment capacity.
Is there any concession on Synd Vahan Loan?
Yes, a 1% concession on interest rate will be offered to borrowers’ from Other Backward Classes (OBCs), Scheduled Castes (SCs) and Scheduled Tribes (STs).
What are the applicable processing charges for two wheeler loan?
What documentation charges will I have pay for two wheeler loan?
No documentation charges will be levied for loans up to Rs. 2 lakhs. However, a charge of Rs. 100 per lakh will be levied for loan above Rs. 2 lakhs. Subject to a maximum Rs. 1,250.