Two - wheeler Loan

    Quick and easy Two wheelers loan from Indusind Bank

Features & Benefits

    • Easy Payment option
    • Direct debit from Indusind Savings/ Current Account or Post dated cheques

Eligibility

    Salaried Individual (SI):

    • You should be employed for a minimum of 3 years and with the current employer for a minimum period of 1 year.
    • Your minimum gross salary should be Rs.8,000/- per month
    • Your net monthly take-home salary should be at least 3 times of the monthly installment.
    • You should be within 60 years of age.
    • You should be residing at the current address for a minimum of 2 years.

    Self Employed Professional/ Non-Professional (SEP/SENP):

    • You should be in business for a minimum of 3 years and in current business for a minimum period of 2 years.
    • Your minimum profit should be Rs.1,00,000/- p.a.
    • You should be within 60 years of age.
    • Your current place of residence should be occupied for a minimum of 2 years.

Documentation

    • Age proof
    • Identity Proof.
    • Proof of Residence.
    • Salary slips for the last 3 months (SI) / copies of Income Tax Return and computation of Income for the last 2 years as filed (SEP/SENP) and Balance Sheet & Profit and Loss accounts duly audited.
    • Form 16 for latest year
    • Proof of two years of employment.
    • Last 6 months’ bank statement of the salary credit account along with all/any other bank accounts held (SI) / of primary bank account (SEP/SENP).
    • Proof of Business (SEP/SENP).
    • Telephone bill of office & residence .
    • Application Form duly filled / recent passport size photograph affixed

    Any other relevant documentation that would be sought by the Bank depending upon your specific profile

    COMMON NORMS (SI/SEP/SENP):

    • All your existing loan and other fixed commitments would be considered in arriving at the eligibility.
    • Your Bank Account track record and CIBIL data should be good.
    • Your credentials would be verified with references given and independently by doing verification at your residence and place of work / business.
    • Minimum Loan amount: Rs 20,000.
    • Minimum Tenor: 11 months and maximum tenor 36 months.
    • Loan to Value(%) Up to 85%  (on Ex Showroom / Basic Price; not on On-Road price),  LTV Varies according to models.
    • Two references to be provided for both borrower and co-borrower.

What Next

Apply Online

Fill in the details & our representative will contact you.

> Apply Now

For further details

Email:
reachus@indusind.com
Call:  BSNL & MTNL subscribers: 1800 22 0061                   Other subscribers:            1800 209 0061 / 022 44066666

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