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Two Wheeler Loan

2 Wheeler Loan

KBL Xpress Easy Ride Loan

Digital processing and Instant In-principle Sanction.

Eligibility Criteria for Two Wheeler Loan:

  • Salaried person/Business persons/Professional/self employed.
  • Agriculturists owning agricultural properties.
  • A company / firm or in the name of its executive / managing director /  managing partner.
  • Age limit : 18 years to 60 years
  • Income :

    Salaried Persons :Minimum gross monthly salary ₹5,000/- or gross annual income of ₹60,000/- p.a.

    Business persons/Professional/Self Employed : Minimum gross monthly income ₹4,000/.

Purpose of Two Wheeler Loan:

  • Purchase of new two-wheeler.

Amount of Two Wheeler Loan:

  • Up to 85% of on road price including cost of vehicle+Road tax+Insurance +Registration charges, or ₹2 lakh per vehicle,which ever is lower.

Period of Two Wheeler Loan:

  • Maximum up to 60 months

Security for Two Wheeler Loan:

  • Hypothecation of new two wheeler to be purchased.
  • Third party/family member co-obligation / guarantee.*
    *Conditions Apply

Margin for Two Wheeler Loan:

  • 15% on on-road cost of vehicle.

Rate of Interest for Two Wheeler Loan:

The above information is subject to terms and conditions.For more details, please contact the nearest Branch