Saraswat Bank offers three different types of two-wheeler loans each and a repayment period of up to 5 years. The loan application process is straightforward and may be completed entirely online.
Category | Details |
Interest Rate | 11.50% p.a. to 12.50% p.a. |
Maximum Loan Amount | Rs.20 lakh |
Minimum Loan Amount | Contact the bank |
Income | Contact the bank |
Repayment Period | Up to 5 years |
Processing Fee | 0.50% of loan amount or Max Rs. 3000/- |
Prepayment Charges | Contact the bank |
Browse two-wheeler loan interest rate here.
The procedure to avail a bike loan from Saraswat Bank is mentioned below:
You need to visit the nearest Saraswat Bank branch and meet their representative to apply for a two-wheeler. You will also be required to submit a two-wheeler application form along with valid documents to avail yourself of a loan.
In case you are availing a loan from Saraswat Bank to purchase a bike, you can use the two-wheeler loan EMI calculator offered by BankBazaar.com to check the monthly payments.
The calculator is simple to use and basic details such as the processing fee, loan amount, tenure, and rate of interest must be entered. Once the details are entered, the results are displayed immediately and are accurate.
The eligibility criteria that must be met in order to avail a bike loan from Saraswat Bank are mentioned below:
The main features and benefits of the bike loan are mentioned below:
The main features and benefits of the bike loan are mentioned below:
The main features and benefits of the bike loan are mentioned below:
The security that must be provided in order to avail a bike loan from Saraswat Bank are one guarantor, salaried employees must set up standing instructions or ECS, and hypothecation of the two-wheeler.
The shareholding amount that can be levied is 2.50% of the loan amount. However, the maximum amount that can be levied is Rs.25,000.
The maximum processing fee that can be levied is Rs.5,000.
Under the bike loans offered by Saraswat Bank, the interest rates are fixed.
The Two-Wheeler Loan-III for women offers the lowest interest rates (starting from 10.75%).
Yes, Saraswat Bank has an age limit for loan applicants. The minimum age of the applicant should be 18 years and the maximum of the applicant should be 65 years at the time of loan maturity.
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