DBS Bank Two-Wheeler Loan

1. The applicant must be between 21 and 65 years of age 

1. The applicant must be a permanent employee of an organisation/company 

1. Individuals who are self-employed, professionals, entrepreneurs, or agriculturists can also avail a loan 

1. The applicant’s minimum net monthly income should be Rs.5,000 

1. Income of spouse or other family members can be included

Required Documents 

The required documents to avail a two-wheeler loan from DBS Bank are as follows: 

1. The applicant must submit Form 16 

1. Latest salary certificate and IT returns 

1. Bank statements of last six months 

1. Documentary evidence must be submitted for additional income such as rent, dividend, interest and commission 

1. For agriculturalists, the applicant must submit a declaration giving details of land holding, crop cultivation, income therefrom and a certificate from Village Administration Officer (VAO) which is confirmed by the Branch Head or Agri Field Officer (AFO) 

Quantum of Finance 

The quantum of finance of for availing a two-wheeler loan from DBS Bank are as follows: 

1. The loan amount should not be more than six times of the net monthly income or 75% of the cost 

1. The minimum loan amount offered is Rs.10,000 and the maximum loan amount offered is Rs.1.5 lakh 

1. Standard loan amounts in multiples of Rs.1,000 are also stipulated to fix EMIs 

1. A minimum of Rs. 750 is charged as processing fee 

Repayment Tenure 

The maximum repayment tenure for two-wheeler loan from DBS Bank is 60 months. 

Required Security 

The required security for two-wheeler loan offered by DBS Bank are as follows: 

1. The applicant must submit a hypothecation for the purchased vehicle 

1. Either a collateral security can be submitted or a third-party guarantee with suitable net worth  

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