Assam Gramin Vikash Bank Two-Wheeler Loan
Assam Gramin Vikash Bank (AGVB) offers two-wheeler loan with competitive interest rates and flexible repayment tenures. On this page, you will find comprehensive details about the two-wheeler loans offered by AGVB Bank.
Interest Rates
The interest rates offered by AGVB Bank for two-wheeler loans are as follows:
Repayment Period | Interest Rate (p.a.) |
Repayment period up to 36 months | 8.90% |
Repayment period above 36 months | 8.90% |
Note – The above-mentioned interest rates are effective from 14 May 2024, and are subject to change.
Eligibility Criteria
The eligibility criteria to avail a two-wheeler loan from AGVB Bank are as follows:
- Government and non-government salaried employees
- Self-employed individuals, professionals, and entrepreneurs with work experience of atleast two years
Quantum of Finance
The maximum loan amount offered by the AGVB Bank to avail a two-wheeler loan is Rs.2 lakh.
Required Margin
The required margin to avail a two-wheeler loan from AGVB Bank is 10% of the on-road price.
Required Security
The required security to avail a two-wheeler loan from AGVB Bank are as follows:
- Hypothecation of two-wheeler is the primary security
- No additional collateral required
Repayment Tenure
The maximum repayment tenure for a two-wheeler loan taken from AGVB Bank is 60 months
FAQs on Assam Gramin Vikash Bank Two-Wheeler Loan
- Are entrepreneurs eligible for a two-wheeler loan from AGVB Bank?
Entrepreneurs or self-employed individuals who are in business for atleast two years are eligible for a two-wheeler loan from AGVB Bank.
- What is the interest rate offered by AGVB Bank for two-wheeler loans?
The interest rate offered by the AGVB Bank for a two-wheeler loan is 8.90% p.a.
- What is the maximum loan amount offered by AGVB Bank for a two-wheeler loan?
The maximum loan amount offered by the AGVB Bank to avail a two-wheeler loan is Rs.2 lakh.
- What is the maximum repayment tenure offered by AGVB Bank for a two-wheeler loan?
The maximum repayment tenure for a two-wheeler loan taken from AGVB Bank is 60 months.
- What is the required collateral to avail a two-wheeler loan from AGVB Bank?
The applicant should submit hypothecation of the two-wheeler as the primary security. The bank does not collect any additional collateral.
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