KBL Easy Ride Loan
Accelerate your dream of owning the ideal two-wheeler, whether it's a sleek new motorcycle or a reliable pre-owned scooter, with our NRI-focused loan solution. Designed for effortless digital processing and quick initial approval, we align with your fast-paced global lifestyle. Our loan caters to various financial scenarios, providing financing for new purchases and attractive options for second-hand bikes. Read more
Why this loan is for you
Designed to give you just what you need
Catering to NRIs across various professions, from salaried to self-employed
Up to 85% financing on premium two-wheelers
Repayment options up to 60 months for financial ease and convenience
Make matters simple and straightforward
A smart calculator for smart spending and savings
Car loan calculator
You will pay
₹13,800/Months
Eligibility criteria
- Meeting bank’s criteria
- NRI financial and residential status
Documents required
- PAN card
- Aadhaar card or driver’s license
- Scanned or soft copy of KYC documents
As easy as 1,2,3...
Apply for a KBL Easy Ride Loan in 3 simple steps
Step 1
Visit your nearest branch
Go to your nearest Karnataka Bank branch
Step 2
Start with your basic details
Provide your basic details and keep your documents handy
Step 3
We’ll take care of the rest
Our branch officials will notify you when your loan is sanctioned
Explore other options for you
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Got questions? We’ve got answers.
NRIs can opt for a flexible loan tenure ranging from 1 to 5 years, based on their repayment capacity.
Our loan covers up to 85% financing of the on-road price, including the cost, road tax, insurance, and registration.
Yes, having comprehensive insurance is compulsory for bikes or scooters purchased through our loans, ensuring both safety and compliance with banking regulations.
A down payment of 15% on the on-road cost is needed for this loan.
To download the KBL Mobile Plus app, visit the Google Play Store or Apple App Store on your mobile device. Search for 'KBL Mobile Plus' in the store, select the app published by Karnataka Bank, and click 'Install' to download it onto your device.
Hypothecation of the purchased car, with third-party guarantee in certain cases wil be accepted as security for the KBL Easy Ride Loan.
EMI (Equated Monthly Installment) is the fixed monthly payment made to the bank, covering both interest and principal repayment.
NRIs need to provide documentation proving NRI status, income proof, and other standard banking documents, which may include passport details, visa information, and employment verification.
Our NRI two-wheeler loans are offered at competitive interest rates, starting from 11.68*% p.a. These rates are tailored considering various factors like the loan amount, the type of two-wheeler, and your credit history. We strive to provide attractive rates to ensure your loan is as cost-effective as possible.
Experience the freedom of mobility with the KBL Easy Ride Loan, a financial solution precisely tailored for NRIs dreaming of their perfect ride on Indian roads. Whether you're eyeing a brand-new motorcycle or a dependable second-hand scooter, our loan is crafted to make your acquisition swift and stress-free. We understand the fast-paced lifestyle of NRIs, which is why our loan process is designed for digital efficiency and rapid approvals. With flexible financing options that cover both new and pre-owned two-wheelers, the KBL Easy Ride Loan ensures you can find a plan that suits your financial situation. Benefit from competitive interest rates and a transparent loan structure that simplifies the path to owning your two-wheeler. Let the KBL Easy Ride Loan put you in the driver's seat, offering the convenience, speed, and adaptability that match your international way of life.
For non-resident Indians aiming to purchase a vehicle in their home country, NRI vehicle loans offer a tailored solution. These specialized loan products are designed to accommodate the unique circumstances of NRIs, providing them with the opportunity to own a vehicle in India, even while they work or reside overseas. oreover, the ability to apply for an NRI vehicle loan online simplifies the process, offering the convenience of handling loan formalities from any global location. With documentation and eligibility criteria crafted to suit the NRI status, these vehicle loans remove the geographical barriers, making car ownership in India for NRIs as straightforward as it is for resident Indians.
