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  • State Bank of Bikaner and Jaipur Two Wheeler Loan

    State Bank Of Bikaner Jaipur Two Wheeler Loan
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    SBBJ Two Wheeler Loans:

    Certain thrills of a two wheeler can only be felt and not described. Almost every middle class person has nostalgic memories of their first ride. Thrill-evoking yet convenient might sound like an oxymoron, but this is what two wheeler means to almost all users. Indian banks and other auto finance firms are once again welcoming customers of all kinds, even those with less-than-perfect credit history. State Bank of Bikaner and Jaipur (SBBJ), known for their stellar loan portfolio has customized two wheeler products. Low interest rates are making it cost effective for banks to make revenues, which makes them more agreeable to lend out. With lower interest and flexible repayment options, SBBJ Two Wheeler Loan is absolutely transparent with no veiled charges.

    Types of State Bank of Bikaner & Jaipur two wheeler loan:

    1. SBBJ Two Wheeler Loan
    2. Vishesh Vahana Yohana for Raj Government Employees

    SBBJ Two Wheeler Loan:

    Features of SBBJ Two Wheeler Loan:

    • Purpose of the loan:

      • To buy a new bike or two wheeler.
    • Loan sum:

      • The minimum amount you must avail from the bank as two wheeler finance is INR 10,000
      • The maximum amount that the bank can sanction for the loan is up to INR 75,000 or 12 times of your overall monthly income.
    • Margin:

      • The margin of SBBJ two wheeler loan is 20 percent.
    • Repayment Tenure:

      • Bank offers a flexible repayment tenure ranging from 36 to 60 months during which you can easily settle the loan.
    • Security:

      • Hypothecation of the motorcycle or two wheeler you bought.
      • Hypothecation fee noting with Regional Transport Office.
      • PDCs for Easy Monthly Instalments.

    Eligibility Criteria for SBBJ Two Wheeler Loan:

    • Permanent workers of Central, State and Quasi Government.
    • Employees of renowned PSUs, profit making public limited firms, institutions, corporates and multinationals of great reputation, and registered companies (with at least two years of service) that enjoy credit services from SBBJ with credit rating of SBBJ-1 & SBBJ-4.
    • All the above should have their salary account maintained with SBBJ.

    State Bank of Bikaner & Jaipur Documentation:

    • Photocopy of any of your ID Proof such as Driving License, Voters ID, Aadhar Card or Passport.
    • Photocopy of your residential address proof such as any address bearing Identity Card, Rental/ Lease Agreement or Ration Card.
    • Income Papers such as bank statements, salary slips and IT Return Papers.

    SBBJ Bike Loan Processing Fees:

    • The bank will levy 1.15 percent of the approved loan amount as processing charges.

    Vishesh Vahana Yohana for Raj Government Employees:

    Features of Vishesh Vahana Yohana for Raj Government Employees:

    • Purpose of the loan:

      • To buy a new bike or two wheeler.
    • Loan sum:

      • The minimum amount you must avail from the bank as two wheeler finance is INR 10,000
      • The maximum amount that the bank can sanction for the loan is up to INR 75,000 or 12 times of your overall monthly income. Spouse’ income cannot be included in this.
    • Margin:

    • Security:

      • Hypothecation of the motorcycle or two wheeler you bought.
      • Third party guarantee
      • Hypothecation fee noting with Regional Transport Office
      • PDCs for Easy Monthly Instalments

    Eligibility Criteria:

    • The applicant has to be of age 18 and above and up to the age of 55.
    • Regular and permanent employees of State Government with at least two years of service.

    Documentation:

    • Photocopy of any of your ID Proof such as Driving License, Voters ID, Aadhar Card or Passport.
    • Photocopy of your residential address proof such as any address bearing Identity Card, Rental/ Lease Agreement or Ration Card.
    • Income Papers such as bank statements, salary slips and IT Return Papers.

    Processing Fees:

    • The bank does not levy any processing fee to sanction SBBJ Two Wheeler Loan.
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