Bike loan in Corporation Bank

I want to take bike loan from Corporation Bank and for that I want to get the details so can you provide me that as it is very urgent for me?

[Kiran Chandar]

As you want to get the details of bike loan from Corporation Bank so here is the information of the same for you:

Eligibility Criteria:
Individuals, Professionals/ Businessmen/ Salaried class & Others, NRIs, Sole Proprietorships, Partnership Firms, HUFs, Companies/Trusts/Institutions are eligible.

Minimum NET annual income of Rs.0.50 lakhs for two/three wheelers and Rs.1.20 lakhs for four wheelers.

Cash accruals/Depreciation also may be added to income, Close relative may join to supplement repayment capacity.

In case of Company/Firm/Trust, Directors/Partners/Trustees having regular/ independent income may join as co-applicant/s to supplement repayment capacity.

In case of salaried class, applicant/co applicant shall be confirmed in the service.

Project Cost:
Cost of the vehicle is inclusive of Accessories/ Registration/Road tax/Insurance charges for new vehicles

Loan Amount:
Two Wheeler : Rs.1 lakh per vehicle.
Three Wheeler: Rs.2 lakhs per vehicle
Four Wheeler: Rs.1 crore per vehicle.
Heavy vehicle : Rs.5 crore per vehicle

Margin:
40% in case of old vehicles

Security:
Hypothecation of the vehicle. Third party guarantee is discretionary.

Rate of Interest:
Floating rate of interest is linked to the Base Rate & subject to revision from time to time.

Processing Charges:
As applicable from time to time.

Repayment:
Two Wheeler :36 months

Contact Details:
Corporation Bank
D.No.J-12/20, Rajouri Garden
Block J,
Rajouri Garden Extension,
Rajouri Garden
New Delhi,
Delhi 110027
India

Map Location:
[MAP]Corporation Bank New Delhi, Delhi[/MAP]