Eligibility Criteria and Documentation Needed for Bike Loan

Most of the people thinking that the process of getting a two-wheeler loan is a time taking process. But there is nothing like that because it depends upon your lender and your eligibility. There are large numbers of the finance sources, from where you can get a bike loan.

If you are willing to take a bike loan at competitive interest rates, you should choose Bajaj Auto Finance, which is the best lender in the industry. They provide a loan with a low down payment, which can approve instant within a few minutes. To get approval on a bike loan, you must the eligibility criteria and the documents that are required for approval.
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The eligibility criteria for two wheeler loan are as follow as-

• Required minimum of 1 year of employment stability.
• The minimum age must be 21 years or 18 years with co-applicants.
• The maximum age is up to 65 years old.
• Must have a postpaid mobile connection.
  
  

The documents required are mentioned below-

• Last 3 months salary slip (if you are a salaried person)
• ID proof.
• Address proof.
• Recent photographs.
• Bank statements of 3 months.
• Income tax return (if you are self-employed)
  
  

If your eligibility match with lender’s requirements, you can apply for a loan now and if you want to get the estimate of bike loan EMI, you may use bike EMI calculator.

To learn more, read this article about bike loan eligibility.

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