Documents Required for Two Wheeler Loan
Explore the easiest, fastest, and most affordable way to make your dream two-wheeler yours
Avail of a two-wheeler loan from Tata Capital with minimal documentation requirements. Enjoy quick loan approvals and disbursals with just your identity and address proof documents. These include your passport, driving license, Aadhar card, PAN card, voter's ID, electricity bill, or passport. Bring home your dream bike today without any financial strain.
You must submit the required documents to prove your 2-wheeler loan eligibility. Here is the bike loan documents list-
Documents | Salaried | Self-employed |
---|---|---|
Application form | Yes | Yes |
KYC |
||
Photographs | Yes | Yes |
Identity proof | Yes | Yes |
Address proof | Yes | Yes |
Age proof | Yes | Yes |
Signature verification | Yes | Yes |
Income proof |
||
Latest salary slip/Form 16 | Subject to conditions | Subject to conditions |
Income tax returns (ITR) for the last year | Subject to conditions | Subject to conditions |
Other documentation |
||
Bank statements | Yes | Yes |
Business stability/ownership proof | No | Yes |
Employment stability proof | Yes | No |
Every lender in the market has different eligibility criteria to qualify applicants, and two-wheeler loans are no different. However, another good thing about a two-wheeler loan with Tata Capital is its easy-to-meet eligibility criteria. Tata Capital especially has very minimal criteria for the borrowers, so it's easier for them to avail of a loan. These are the following eligibility criteria for different entities:
You must be between 21 to 60 years old at loan maturity.
Have at least one year of residential stability
Have at least a minimum of one year of work experience
After you first submit the application form to the lender, there's a lot that goes behind the scenes. The process varies from lender to lender, but overall, they generally engage in the following steps:
Now that you know that the documents required for scooty are straightforward, you can easily apply for the same. Tata Capital has some of the best interest rates, loan tenures and other benefits to make your experience of buying a two-wheeler extraordinary. Simply reach out to us through our website or download the app, or you can make a visit in person to get started on your two-wheeler loan application.
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