Digital Two-Wheeler Loan

• Purpose of Loan: For purchase of new Two-Wheeler
• Loan Amount: Rs.50,000/- to Rs. 3 Lakhs
• Age criteria

  Minimum: 21 years

  Maximum age at the end of tenor:

  1. For salaried -58 years
  2. For self-employed - 65 years
• Repayment Period: 12 months to 84 months

Salaried :

• Employees of Central/State Govt./PSUs/Autonomous Bodies/Listed Public Limited company/Private Limited company, Trust & Limited Liability Partnership.
• Minimum average net salary of last three months should be Rs. 20000/-
  
• For new to credit customers, minimum average net salary of last three months should be Rs. 25000/-.
  

Self-employed Individual:

• Self Employed Professionals (Doctor, Engineer, Architect, Interior Designers and Tech. Management Consultants, Practicing Company secretaries, Insurance agent etc.), insurance agents and self-employed businesspersons).
  
• Minimum gross annual income should be Rs. 240000/-
  

All you need to do is make sure you have the following documents before initiating the digital loan journey:

• Valid mobile number linked with Aadhaar
• PAN Number
• Aadhaar Number
• Digitally generated bank a/c statement for last -6- months
• For Self Employed (in addition to above stated):
  1. ITR e-filing credentials or digitally generated Income Tax Return (ITR-3&4) for the last -2- years
• Web camera for clicking pictures and performing video KYC

Please Note: Digitally generated Bank Statements & ITR referred as - bank statement received in email or generated through Net Banking. ITR-3&4 downloaded from Income Tax Website in pdf format.