Allahabad Bank Two-Wheeler/ Bike Loan Online Application

There are types d loan which is provided by the Allahabad bank. The most preferred loan is the bike loan which is known as a two-wheeler loan. Bike loan also helps in increasing the score of your credits. It also helps you low your income tax returns. Allahabad bank is the most trusted bank by the citizens.  It is widely spread all over the country. It also provides its services and products to various sectors like business loans, personal loans, corporate loans, etc.  Allahabad bank is known to be among the oldest bank in India. In the personal banking sector, it provides house loans, car loans, two-wheeler loans, debit and credit card products, and many more services.

Allahabad Bank Two-Wheeler/ Bike Loan Online Application Process

Allahabad Bank offers finance to individuals for various purposes. It can be used for buying a house, cars, or for a business startup. Owing to a bike in India is the thing best to get rid of heavy traffic and rough roads. Taking a loan from Allahabad bank and buying a two-wheeler vehicle would be affordable. There are many advantages of owing to a two-wheeler in India. You do not need a third party for your personal needs. It could save your crucial time to get your work done within a short period. Allahabad Bank offers New Saral Loan and AB Mobile loans to the citizens of India with affordable interest rates.

allahabad bank two-wheeler loan

SALIENT FEATURES OF ALLAHABAD BANK BIKE LOAN-AB MOBIKE LOAN

  • It provides a replacement period of 48 months.
  • Maximum Rs. 1 lakh is the loan amount offered
  • It helps with the purchase of a new two-wheeler bike.
  • The on-road cost of the two-wheeler is about the margin of 10%.

SALIENT FEATURES OF ALLAHABAD BANK BIKE LOAN- NEW SARAL LOAN

  • This loan is provided to the person who is working with the same organization for the past 2 years.
  • The candidates’ salary is supposed to be about Rs.20000 per month.
  • The loan provided by the Allahabad bank can be used to buy the two-wheeler at affordable interest.
  • Loan utilization should not exceed more than 50% of the total loan amount.
  • The calculated loan margin is about 10%.
  • It is calculated based on the total asset owned by the customer.
  • There should be a minimum strength of 20 members in the organization.

ELIGIBILITY CRITERIA FOR AB MOBIKE LOAN

  • The minimum salary of the borrower should be about Rs.15000per month or the Income Tax Returns of Rs.180000
  • The one who applies for the loan should be between 21 years to 60 years old.
  • The minimum age required to apply for the loan is at least 21 years.
  • The loan is availed to the person who is working with the same organization for the past 2 years as a permanent job.
  • The amount of the loan should be repaid at least one year before the retirement of the applicants.

 Allahabad bank two-wheeler loans documents requirements

Documents requirements for self-employed persons

  • Photocopy of the person
  • Loan application form with sign
  • Pan copy of income tax
  • Address proof- passport/leave and license/registered rent agreement/utility bill.
  • Income documents- last three-month payslip, form 16, Bank statement of 3-month salary credits showing and any EMI debit

 Documents requirements for salaried persons

  • Photocopy of the person
  • Loan application form with sign
  • Identity proof – passport/voter id/driving license/pan card
  • Income tax PAN copy
  • Income documents- last 2 years ITR
  • Address proof- passport/leave and license/registered rent agreement/utility bill

APPLICATION PROCESS FOR TWO WHEELERS IN ALLAHABAD BANK

  • The first and easy step is to fill the online application Form for a two-wheelers loan this process can make you get instant loan status
  • Complete the loan formalities by visiting the nearby stores of the dealership where the friendly staff will assist you in further steps
  • Start processing your loan by submitting the documents required for loan
  • Once you complete the loan process, just make some down payments and can take the delivery of your bike after this process completes.

ADVANTAGES OF TWO WHEELER LOAN IN ALLAHABAD BANK

  • Fulfilling your requirements by choosing the bike the one loves and will’s to buy.
  • Disbursal of the loan amount is very fast.
  • Attractive rates of interest.
  • Easy process and hassle-free process.
  • The Very easy way for the repayment and prepayment methods.

TYPES OF TWO WHEELER LOAN IN ALLAHABAD BANK

There are many types of loans offered by the Allahabad bank for their customers as per their requirements. The following given below are the options of loan

  • TWO-WHEELERS LOAN – If the customer wishes to buy a two-wheeler and thinks to finance it then there is the best offer offered by the Allahabad bank for customers. With the interest of 12%, the customer can make their loan available.
  • SUPERBIKE TWO WHEELER LOAN – At the rate of 11.83% interest, the best deal is available for the customers if and only if they are planning to buy a superbike and are looking for the funds.

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