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16th May 2016, 03:19 PM
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Join Date: May 2012
Re: SBBJ Bike Loan

Hey as State Bank of Bikaner & Jaipur is an associate bank of State Bank of India

Eligibility criteria
An Individual between the age of 21 to 65 years.
A Permanent employee of State / Central Government, Public Sector Undertaking, Private company or a reputed establishment or
A Professional or self-employed individual who is an income tax assessee or
Minimum Net Annual Income Rs. 75,000 (for regular petrol/diesel/gas operated scooters & motor cycles) and Rs. 60,000 (mopeds and battery-operated Two-wheelers).

Processing Fee:

1.22% of Loan amount for Normal Bike Loans
Super Bike Loans – 2.00% of the loan amount subject to minimum of Rs. 6,000/- and maximum of Rs. 20,000/-
Repayment:
36 Months in Normal Bike loans & Up to 5 Years in Super Bikes

Margin:
15% of the on the road price (which includes vehicle registration charges, insurance, one-time road tax)
Rate of Interest
SBI Two wheeler loan 17.90% p.a.
Super Bike Loan Scheme 12.20% p.a.


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