State Bank Of India Two Wheeler Loan

Hii sir, I Wants to get the Information About the Two Wheeler Loan of the State Bank Of India ?

[pawan]

As you Asking for the Information About the Two Wheeler Loan of the State Bank Of India the Information About the Two Wheeler Loan is given below

SBI provide the best Two- Wheeler loan scheme for you to take a loan for purchase of new Two- Wheeler.

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


Features

For salaried persons, the maximum loan amount is restricted to 6 time 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.

For agriculturists, the net annual income should be arrived based on the nature of their activity (i.e. farming, dairy poultry, orchards, etc) land holding, cropping pattern, yield, etc., and average level of income derived there from in the area.

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.

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

Repayment
You can repay the loan within 36 months.

For more Information you may Visit the Nearest branch of the State Bank of India