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  • Tatacapital Two Wheeler Loan

    Tata Capital Two Wheeler Loan
     4.0 / 5.0   by 25 users
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    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Overview:

    In the year 2007, Tata Capital Limited, a subsidiary of the renowned Tata Sons Limited, was established. The main aim of this venture was to provide customers with the best financial solutions possible, one that would live up to the name of Tata Sons Limited. The company functions across numerous areas of business specifically the Consumer Loans, Wealth Management, Commercial Finance, Infrastructure Finance etc. Tata Capital Financial Services Limited has grown to over hundred branches currently, and shows no signs of slowing down.

    Tata Capital Financial Services Limited began with the idea of meeting all the financial needs of customers. The various services include all kinds of insurance, mutual fund, leasing solutions, credit cards, securities as well as loans for various purposes including for two wheelers.

    Eligibility Criteria and Documentation:

    For Standard Bikes:

    • You must be at least 21 Years to apply for a two wheeler loan. You cannot be over 65 years at loan maturity.
    • The minimum amount that you can borrow from TATA Capital for a standard bike is Rs.10,000 and the maximum is Rs.1,50,000.
    • The minimum tenor period is 12 months and the maximum is 60 months.
    • You should be living at the same residence for over a year to show Residential Stability.
    • You should be working at the same organization for over a year to show Employment Stability.
    • It is not necessary that you have an income.
    • Up to 95% Loan To Value (LTV)
    • Documents Required

      Salaried

      Self Employed

      Address Proof

      Driver's License/ Utility Bill/ Bank statement/ Passport/ Voter's ID/ Aadhar card

      Driver's License/ Utility Bill/ Bank statement/ Passport/ Voter's ID/ Aadhar card

      ID Proof

      Driver's License/ Bank statement/ Passport/ Voter's ID/ Aadhar card and recent passport size photos

      Driver's License/ Bank statement/ Passport/ Voter's ID/ Aadhar card and recent passport size photos

      Income Proof if required

      Form 16/ Last 3 month's salary slips/ Salary Certificate/ Last 3 month's bank statement reflecting salary credits

      Latest Income Tax Return (ITR)

      Bank Statement

      Last 3 month's statement is mandatory

      Last 3 month's statement is mandatory

      Residence Ownership Proof

      Not mandatory

      Not mandatory

    For High-end Bikes:

    • You must be at least 21 Years to apply for a two wheeler loan. You cannot be over 65 years at loan maturity.
    • The minimum amount that you can borrow from TATA Capital for a high-end bike is Rs.10,00,000 and the maximum is Rs.40,00,000.
    • The minimum tenor period is 12 months and the maximum is 36 months.
    • The residence that the applicant is staying at must be self-owned or owned by his/her parents.
    • Applicant must be working in the same place for at least two years.
    • If you are Salaried individual, you must be earning at least Rs.15,00,000 to apply for this loan. If you are Self Employed, the business income should be at least Rs.5,00,000.
    • Up to 65% Loan To Value (LTV)
    • Documents Required

      ID Proof

      Driver's License/ Bank statement/ Passport/ Voter's ID/ Aadhar card and recent passport size photos

      Address Proof

      Utility Bill/ Voter's ID/ Driver's License/ Passport

      Income Proof if required

      Last 3 month's bank statement reflecting salary credits/ Form 16/ Last 3 month's salary slips/ 3 year's ITR

      Bank Statement

      Last 6 month's statement is mandatory

      Residence Ownership Proof

      The residence that the applicant is staying at must be self-owned or owned by his/her parents or spouse.

    Tata Capital Bike Loan Features & Benefits:

    • Simple, hassle-free Documentation
    • Spot approvals so there is no waiting and wondering
    • Swift processing and minimal paperwork
    • You can get a tenor up to 5 years
    • You can get up to 95% funding of the on-road price
    • Special Reduce rates

    FAQs:

    1. I am already a customer of TATA Capital, can I apply for another loan?
    2. Yes you can apply for another loan.

    3. Can I prepay my loan?
    4. Yes, you can prepay your loan after 6 months.

    5. Once I have submitted my documents and finished the application, how long does it take for me to get the loan?
    6. It will only take two days to get a two wheeler loan in general.

    7. Who can be a co-applicant for my two wheeler loan?
    8. Either a blood relative who stays at the same residence as you or your spouse can be a co-applicant.

    9. Is it possible for me to change the loan amount or tenure once the loan amount has been disbursed?
    10. No. It’s not possible to change the loan amount or tenure once the loan amount has been disbursed.

    Two Wheeler Loan by Other Banks
    Two Wheeler Loan

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