Jana Small Finance Bank Two-Wheeler Loans
If you wish to purchase a two-wheeler vehicle for yourself, then you can consider availing a two-wheeler loan from Jana Small Finance Bank. The application for this type of loan can be done through both online and offline channels.
Table of Contents
- Jana Small Finance Bank Two-Wheeler Loan Interest Rates
- Features of Two-Wheeler Loan by Jana Small Finance Bank
- Benefits of Two-Wheeler Loan by Jana Small Finance Bank
- Jana Small Finance Bank Two-Wheeler Loan Eligibility
- Documents Required to Apply for Jana Small Finance Bank Two-Wheeler Loan
- How to Apply for Jana Small Finance Bank Two-Wheeler Loan?
- Jana Small Finance Bank Two-Wheeler Loan Fees and Charges
We will have a look at what are the features of a Two-wheeler Loan from Jana Small Finance Bank.
Jana Small Finance Bank Two-Wheeler Loan Interest Rates
Loan Type | Interest Rate Range | Weighted Average Rate |
Two-Wheeler Loan | 16.00% - 28.00% | 20.27% |
Features of Two-Wheeler Loan by Jana Small Finance Bank
The features of Two-Wheeler Loan by Jana Small Finance Bank are given below:
- Application process is quick and easy
- Down payment is minimum
- Rate of interest is competitive
- You can avail the maximum loan amount offered by the bank
- Repayment tenure is flexible
Benefits of Two-Wheeler Loan by Jana Small Finance Bank
The benefits offered by Jana Small Finance Bank if you avail a two-wheeler loan are given below:
- You don’t need any proof of income. Only a KYC submission will suffice
- Loan amount of up to 95% of the on-road price of the vehicle
- EMI repayment options are affordable
- Loan amount of up to Rs.3.5 lakh
- Repayment tenure between 1 year and 4 years
Jana Small Finance Bank Two-Wheeler Loan Eligibility
The eligibility criteria required to be fulfilled to apply for a two-wheeler loan from Jana Small Finance Bank are given below:
- Jana Small Finance Bank offers two-wheeler loans to both new and existing clients.
- Anyone between the ages of 20 and 60 is eligible to apply.
- The following categories of clients are eligible to apply for a two-wheeler loan:
- People
- Businesses with sole proprietorships
- Companies that are registered
- Partnership Firms
Documents Required to Apply for Jana Small Finance Bank Two-Wheeler Loan
Given below are the documents required to apply for a two-wheeler loan from Jana Small Finance Bank:
- KYC and current bank account information
- Loan at Jana Small Finance Bank's exclusive discretion
- Maharashtra, Gujarat, Tamil Nadu, Karnataka, West Bengal, Odisha, Delhi-NCR, and Pondicherry are the states that are now in operation
How to Apply for Jana Small Finance Bank Two-Wheeler Loan?
Online
You can click on the link https://www.janabank.com/contact-us// where you will need to fill in the required information and submit it. A representative of the bank will get in touch with you and will take you through the application process.
Offline
You can visit the nearest branch of Jana Small Finance Bank along with all the necessary documents including the application form. Fill in the form and submit it along with all the documents.
Jana Small Finance Bank Two-Wheeler Loan Fees and Charges
Fees | Charges |
Processing Fee | Up to 5% of the loan amount |
Bounce Charge | Rs.500 |
Penal Charge | 2% per month |
Foreclosure Charge | 5% |
PDD Charge | Rs.500 |
FAQs on Jana Small Finance Bank Two-Wheeler Loan
- How can I find out the status of my Jana Small Finance Bank two-wheeler loan?
The official website or mobile app of Jana Small Finance Bank makes it simple to check the repayment status of your loan. Consumers can verify the status of their loan repayment by using their payment reference number or loan account number.
- How can I access my Jana Bank loan balance?
Account holders can call the Jana Bank Balance Check toll-free number 18002080 to enquire about their Jana Bank balance. Account holders who contact the aforementioned number will need to choose a language and speak with a customer service representative in order to enquire about their Jana Small Finance Bank balance.
- Jana Small Finance Bank: is it secure?
Jana Small Finance Bank is recognised as a scheduled bank by the Reserve Bank of India. As a result, Depositor protection and Credit Guarantee Corporation (DICGC) offers depositor protection to customers of this bank.
- Is it safe to use small finance banks?
Additionally, the RBI establishes requirements such as mandatory promoter contributions and eligibility criteria for SFBs. Stated differently, SFBs are subject to strict controls throughout their activities. SFBs are just as safe as any other kind of bank because the RBI oversees the industry.
- How is a loan for a two-wheeler calculated?
The EMI formula P x R x (1+R)^N / [(1+R)^N-1] is used to get the EMI (equated monthly installments) for a two-wheeler loan, where P is the principal loan amount, R is the interest rate, and N is the number of months.
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