SBI Two Wheeler Loan Interest Rate

I want to take Two Wheeler Loan from State Bank of India but I have no idea about the Interest Rate for the loan so give me the current Interest Rate of the loan?

[Pathak]

You want to take Two Wheeler Loan from State Bank of India
I am giving you interest rate of two wheeler
Two Wheeler Loans 4% above SBAR i.e. 15.75%

I am uploaded a PDF file for the complete interest rate.

Originally Posted by Ratna Gautam.

I want to take Two Wheeler Loan from State Bank of India but I have no idea about the Interest Rate for the loan so give me the current Interest Rate of the loan?

plz give me the loan within 1 week

Hello, I want to buy a Two Wheeler. So I want to take a loan from SBI. Please tell me what is the Interst Rate of Loan of two wheeler.

[Arun Vats]

SBI provides good Two Wheeler scheme for customers.

SBI provide finance for purchase of new Two-wheelers viz. scooter/motor cycle/ moped/battery-operated vehicles.

SBI can provide you the loan for Two Wheeler upto 3 years. Rate is interest is 8.25% above Base Rate i.e. 18.25% p.a. for it.

Eligibility

To avail an SBI Two Wheeler Loan, you should be:
Individual between the age of 21-65 years of age.
A Permanent employee of State / Central Government, Public Sector Undertaking, Private company or a reputed establishment or
A Professionals or self-employed individual who is an income tax assessee or
Person engaged in Agricultural and allied activities.
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)-

Loan Amount
For salaried persons, the maximum loan amount is restricted to 6 times Net Monthly Income (NMI), i.e. net of all deductions including actual monthly tax deductions at source.

In case of others, the maximum loan amount is restricted to half of Net Annual Income (NAI), i.e. income as per latest income tax return filed less taxes payable.

Necessary Documents
The following papers are to be submitted along with loan application:
Statement of Bank account of the borrower for last 12 months.
2 passport size photographs of borrower(s).
Signature identification from bankers of borrower(s).
A copy of passport /voters ID card/PAN card.
Proof of residence.
Latest salary-slip showing all deductions and TDS certificate-Form 16 in case of salaried persons
Copy of Income Tax Return for last two financial years, duly acknowledged by ITO for professionals, self-employed and others.
Proof of official address for non-salaried individuals

Processing Fee:
1.22% of Loan Amount will be charged as process fee(extra)

Margin
15% of the on the road price (which includes vehicle registration charges, insurance, one-time road tax).