Super Bike Loan Scheme

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Super Bike Loan Scheme
  • Features
  • Eligibility

Features

  • Name of the Scheme: SUPER BIKE LOAN SCHEME
  • Margin Required: Salary Package customers: 15% of On-road price of the vehicle.
    Others: 20 % of On-road price of the vehicle.
  • Age of Customer: Age of the applicant should be between 21-57 years.
  • Repayment Tenure: Maximum of 5 years
  • Salaried/Pensioners: Net Annual Income of applicant and/or co-applicant if any, together should be Rs 3.00 Lacs and above.
  • Self-employed Professionals, Proprietor, Partner, and other IT assesses including businessmen & traders Net Profit or Gross Taxable income of ₹. 3.00 Lacs p.a. (income of co-applicant can be clubbed together for Self-employed, Professionals and Businessmen) as per ITR after adding back depreciation.
  • Agriculturists: Net annual income of applicant and/or co applicant together to be Rs. 4 Lacs
  • Minimum loan amount: Rs. 1.50 Lakhs
  • Maximum Loan amount: Rs 25.00 Lakhs

Eligibility

  • Regular employees of State/Central Govt., Public Sector Undertakings, corporations, private sector companies, and reputed establishments.
  • Professionals, Self-employed, Businessmen, proprietary/partnership firms and others who are income tax assesses.
  • Persons engaged in agriculture and allied activities can also avail this scheme. Income Tax return is not required in case of agriculturists.

Last Updated On : Tuesday, 05-11-2024

Interest Rates

9.20% p.a.

 

*T&C Apply.

 

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