http://www.muthoothonda.com/loan.

html

VEHICLE LOANS
Muthoot has some of the finest Vehicle Loan Schemes to offer customers. The ' Eezy Two Wheeler Loan' schemes are carefully designed to suit customer requirements.They involve easy documentation and quick sanction as well as low interest rates and easy installments. List of Documents Required To Be Submitted For Hire Purchase Loan Government Employees Address Proof : - Copy of Election ID, Passport or Telephone Bill Income Proof : - Salary Certificate/ Pay Slip & IT Return/Form 16 Post Dated Cheques Copy of Bank Pass Book - Last six months statements Self Employed/Business Address Proof : - Copy of Election ID, Passport IT Return Post Dated Cheques Copy of Bank Pass Book. Last six months statements Rs. 50/- Non Judicial Stamp Paper Professionals Address Proof : - Copy of Election ID, Passport or Telephone Bill IT Return Post Dated Cheques Copy of Bank Pass Book. Last six months statements Employees of Private Firm Address Proof : - Copy of Election ID, Passport Income Proof :- Salary Certificate & IT Return/Form 16 Post Dated Cheques Copy of Bank Pass Book. Last six months statements Rs 50/- Non Judicial Stamp Paper Certificate from Employer as proof of Employment Students Address Proof : - Copy of Election ID, Passport Father/Mother to stand as Co - Applicant Address Proof of Co - Applicant Salary Certificate of Co - Applicant if Govt Employee or IT Return & P & I. A/c & Balance Post Dated Cheques Copy of Bank Pass Book - Last six months statements

http://www.easyfinance.in/twowheelerloan.html

Two Wheeler Loan

The Best Deals on Two Wheeler Loan

Easy Finance Two Wheeler Loans offers a finance facility up to 85% of the On Road Cost of the vehicle, repayable in convenient repayment options and comfortable tenures from 6 months to 36 months. Two Wheeler Finance facility is available in a wide range of options to suit your requirements. We provide finance for all models of motorcycles, mopeds, scooterettes and scooters of Hero Honda, Bajaj, TVS, HMSI,Hero Motors, Suzuki,Yamaha, Kinetic Honda & Royal Enfield . Existing ICICI Bank Customers can simply ride away on their favourite Two Wheeler by availing Loan On Phone*-- a facility to get an instant loan over the phone! So, be ready to ride your dream bike with Easy Finance Two Wheeler Loans.

"Zoom" away in your favourite Two Wheeler. Avail our attractive schemes at competitive interest rates. Finance facility available for all Two Wheelers ranging from mopeds to motor bikes. Now avail Finance upto 95%* of the On Road Cost of the vehicle, repayable in convenient tenure options ranging from 6 months to 36 months*. Ride Easy Pay Easy with Easy Finance Two Wheeler Loans. In an unlikely case of your not meeting our norms NO PROBLEM - you can still avail our loan, any blood relative can be your co-applicant. Existing Easy Finance Customers ride away on your favourite Two Wheeler by availing Loan On Phone*-- a facility to get an instant loan over the phone!! SO WHAT ARE YOU WAITING FOR.Apply online, call or sms NOW!! 100 CC? 180 CC? Or maybe a 500 CC? Whichever the bike, our Two Wheeler loan is the answer. With quick approvals, flexible payment options and easy repayment - we'll help you buy the bike you desire.

Features and Benefits

Flexible repayment options, ranging from 12 to 48 months available even at the point of purchase. Repay through post-dated cheques with easy EMIs. Calculate your EMI. Hassle free loans - No guarantor required. Speedy loan approval.

Available for almost all models at attractive interest rates. Free gifts from time to time on approval of your Two Wheeler Loan. (Watch this space for more details on the free gift promotion). Special Schemes to suit your needs o FastTrack - If a spot approval is what you need, this highly flexible scheme gets you a loan of up to 70% with minimum interest rates.
o

EasyLoan - This great scheme gets you a loan of upto up to 85% with minimal documentation. All you need as a Surrogate Income proof is: - A copy of credit card and credit card billing statement for the last 2 months OR A repayment track record

OR Last 3 months bank statements. Eligibility and Documentation Eligibility Criteria The eligibility criteria for a Two Wheeler Loan are:

You are a salaried or self-employed individual. You are between =>21 years (at the time of application) and <= 65 years (at the end of the loan tenor). Your minimum gross income is equivalent to Rs. 54,000/- p.a. if you reside in Mumbai, Delhi, Chennai, Bangalore, Calcutta, Pune and Rs. 42,000/- p.a. for all other cities. You have been residing for atleast 1 year in the city. Atleast 1 year at the given residence address ( In case of transfer from other location with less than 1 year at current location - please provide relevant documents to the bank during loan approval stage). You have been working for atleast 1 year. You have a phone at your residence or office

Documentation Required
Applying for a Two Wheeler Loan is absolutely simple. All you need is:

Proof Of Identity Any one of Passport Copy/ Photo Credit card- front & reverse/ Voters ID card/ Driving Licence/ PAN card/ Copy of Company ID card of MNC/ Public Ltd./ PSU/ Govt. company/ Ration Card (If Photo is given). Address Proof Any one of Passport Copy/ Voters ID card/ Driving Licence/ Rental agreement/ Telephone Bill/ Electricity bill/ Gas Connection Bills/ Ration Card/ Sale deed/ Property purchase agreement/ Credit Card billing statement (latest)/ LIC policy/ Letter from Company or Company provided Accommodation (List of the company's as per the Banks List- ID card of MNC/ Public Ltd.,/ PSU/ Govt. Company Containing the residence address), Address proof in the name of the applicant's Spouse or parents name is acceptable. Income Proof For Salaried Latest Salary slip for Govt. employees; If Salary slip is not available, Only salary certificate to be accepted with deductions, For Partnership/ Proprietary firms & Pvt. Ltd. Co's- Salary Certificate to be accepted with the following mitigants: Salary Certificate to clearly state the deductions, Name & Designation of the authorized signatory. For Self-Employed - Copy of the latest I. T. return.With the following documents obtaining a loan for your favourite motorcycle or scooter should be a breeze. Documentation Required: 1. Proof (a) Ration Card (b) 2. (a) 3. Passport One

Election

ID

of (c)

Utility

Bill

(d)

Residence Passport Card Card

Photo (b) Election recent

ID

(c)

Identity Driving Licence size

(d)

PAN

Passport

photograph

4. Proof of Income For Self Employed People 5. ITS(2) for last 6. Profit & Loss Account & Balance Sheet For Salaried Individuals 7. Last 8. Bank Salary or year along with Computation

Slip Statement

or for

Salary last 6

Certificate months

Passbook

In cases where all the above documentation is not available we also offer low documentation schemes where the finance amount is restricted to a maximum of 75% of the vehicle value Documentation Required: 1. Proof 2. Photo 3. Photograph

of Identity

Residence Card

http://www.statebankoftravancore.com/domloan.htm#twowheel Two Wheeler Loan

For NRIs & Residents Persons Eligible Salaried employees/pensioners, who are maintaining salary/pension accounts with us where recovery of instalment at source is possible

Amount of Loan Maximum Rs. 50,000 paid directly to the seller Repayment 72 equated monthly installments Security Hypothecation of the vehicle purchased out of bank finance. Personal guarantee of one person of sufficient worth

http://www.idbi.com/autoloan_elligibility_criteria.asp
Eligibility Criteria Salaried:

Min age of the applicant: 22 years. Max age of the applicant: 65 years. Min. 2 years in service. Min. Annual Income of Rs. 1,50,000/Income proof: Salary Slip, Form 16/ ITR, Bank statement showing salary credit.

Self-Employed Professionals:

Min age of the applicant: 22 years. Max age of the applicant: 65 years. Min. 2 years in profession. Min. Annual Income of Rs. 1, 50,000/Income proof: for Last 2 years with computation of income / certified financials, Balance Sheet, P & L A/c, Bank statement.

Repayment

Repayment is done through Equated Monthly Installments (EMIs) comprising both principal and interest. Servicing of EMI would be through

Post Dated Cheques (PDCs) Standing Instruction ECS

Foreclosure Charges:

Within 2 years from the date of Disbursement: 2% of the loan amount outstanding. After 2 years: Nil if paid from own sources.

Documentation

Age Proof:

Address Proof:

School Leaving Certificate Passport Driving License Election ID Card Birth Certificate LIC Policy PAN Card

Passport Driving license Election Id card Telephone Bill/Electricity Bill Title deed of property/Rental Agreement Employers letter Sales Tax RC/ITR/Form 18

Identity Proof:

Income Proof: Latest 2 months salary slips; Form 16/ ITR for last 2 years; Bank Statement reflecting salary credits for 4 months.

Passport PAN Card Election Id card Driving License Photo Credit Card Employers ID Card

Bank Statement: - Income Statement, Balance Sheet and ITR for last 2 years, Bank Statement for 6 months.

http://www.paisawaisa.com/
Q1. What are the eligibility criteria for financing a Two Wheeler? Ans. Generally, the banks require that you should be an Indian Citizen with minimum 21 years of age. Apart from this, a minimum salary of 4,000 is required in case of salaried people. Most of the banks have their own eligibility criteria.

Q2. What is the maximum loan amount available for purchasing a two-wheeler? Ans. Lenders provide up to 85% of the On-Road cost of the Two Wheeler. Leading banks in India offer loans ranging from Rs. 10,000 to Rs. 90,000.

Q3. Can I repay the loan earlier than the agreed term? Ans.Yes. You can pre-pay the loan amount any time after initial six months. Different lenders charge varying rates for prepayment of loan. It may vary from 2 to 4% of the outstanding balance.

Q4.

Can I get Two Wheeler loan for an imported bike?

Ans.Lenders in India provide finance for all Two Wheelers of Indian make. You can get Two Wheeler loans for all models of motorcycles, mopeds, scooterettes and scooters from Hero Honda, Bajaj, TVS, Hero Motors, Suzuki, Yamaha, Kinetic Honda & Royal Enfield. However, if you wish to buy an imported bike, you can avail personal loan.

Q5. How is the interest rate on Two Wheeler loans calculated? Ans.Lenders calculate interest rate on a monthly reducing balance.

Q6. Am I required to arrange a guarantor for taking Two Wheeler loan? Ans. Normally, the lenders do not require any personal guarantee. However, if you are not able to meet the requirements of the lender, you may be asked to furnish a personal guarantee for your loan.

Q7. What is the tenure of Two Wheeler loans? Ans. You can repay the loan amount in comfortable installments spread over 6 months to 48 months.

Q8. What are the lending rates? Ans.The interest rates vary from bank to bank. Generally, they revolve around 10-18%.

Q9. What documents are required to avail a Two Wheeler Loan? Ans. Only basic documents like applicants Identity Proof, Residence Proof and Income Proof are required to avail a Two Wheeler Loan.

Q10. How much time it takes to get two-wheeler loan? Ans. Once you submit loan application with all the relevant documents, the loan can be approved on the same day.

Q11. What security is required to get Two Wheeler loan? Ans. You do not require any additional security other than the Two Wheeler that you are financing. The registration papers will bear hypothecation in favour of the lending bank until the repayment of the loan is completed.

Q12. Can I sell the two-wheeler during the duration of loan? Ans. No. You will have to first settle the loan in full

http://www.surfindia.com/finance/two-wheeler-loans.html

Documents Required for Two Wheeler Loans

Application Form Photographs Proof of income of last two years Proof of Residence In case of public/Private companies, a certifies copy of MOA and AOA.

List of Some of Banks Offering Two Wheeler Loans

ICICI Bank - Deals on Two Wheeler Loans Bank of Baroda - Baroda Two WheeLeading banks in the public and private sector are providing two wheeler loans, right form mopeds to motorbikes. These loans are available at attractive rates and best prices to attract new customers. Quite a few banks are offering online loan application for the ease of prospective clients. Private sector banks are ahead of their public sector counterparts in terms of efficiency of application and processing of loans. On the spot loan offers are given by various banks and other flexible schemes to suit the needs and pockets of customers.

Maximum Loan offered by Banks for Two Wheeler Loans

Loans are provided by banks from as low as Rs. 5000 to Rs. 150000. These loans can be paid in easy installments. The installment period can range anywhere from six months to three years, depending on the finance option chosen by the customer. In case of new vehicles, banks generally finance up to a maximum of 90% of the cost of the vehicle.

In case of old/second hand vehicles, banks finance up to a maximum of 85% of the value of the vehicle. Repayment is done by Equated Monthly Installments or EMI.

Interest Charged by Bank on Two Wheeler Loans

Although Public sector banks are offering lower interest rate than their private counterparts but they are lagging behind due to poor quality of service. Interest rates depend on the two wheeler model, loan tenure. Interest is generally calculated on a monthly reducing balance.

Process Of Two Wheeler Loans Application

Customers can contact the bank representative and apply for an auto loans. They can also fill online forms. There is no processing fee for new cars in most banks/finance companies. However, some companies do charge a minimal processing fee for used two wheelersler Loan HDFC Bank - FastTrack Schemes State Bank of India - Scheme For Loan For Two Wheelers Bank of India - Star Autofin Scheme Andhra Bank - Quantum of Finance For Two Wheelers Union Bank of India - Union Miles * Terms and conditions may vary from bank to bank.
ICICI Bank - Loan For two Wheeler

Eligibilty Criterias:
Salaried Min Max Age 21 60 Loan Amount 7500.00 150000.00 Term of Loan 1 3 Income(annual) 48000.00 N/A

Self employed Min Max Age 21 65 Loan Amount 7500.00 150000.00 Term of Loan 1

3 Income(annual) 42000.00 N/A

NRI Min Max Age Loan Amount 0.00 0.00 Term of Loan N/A N/A Income(annual) N/A N/A

Documents Required IDENTITY PROOF(any one): PAN Card,Voters ID Card,Driving License,Passport,Employers ID Card,Photocopy of Ration Card,Photocopy of Credit Card. RESIDENCE PROOF(any one): Utility Bill,Municipal Bill,Rent Agreement Bill,Ration Card,Credit Card Statement etc. PROOF OF AGE. PROOF OF SIGNATURE: Passport,PAN Card etc. INCOME PROOF (Salaried): Latest Salary Slip/Salary Certificate,Last 3 months Bank Statement. INCOME PROOF (Self Employed): Latest Income Tax Return,Last 3 months Bank Statement

Axis Bank - Loan For two Wheeler

Eligibilty Criterias:
Salaried Min Max Age 18 58 Loan Amount 20000.00 70000.00 Term of Loan

1 3 Income(annual) 60000.00 N/A

Self employed Min Max Age 21 60 Loan Amount 20000.00 70000.00 Term of Loan 1 3 Income(annual) 60000.00 N/A

NRI Min Max Age Loan Amount 0.00 0.00 Term of Loan N/A N/A Income(annual) N/A N/A

Documents Required PROOF OF IDENTITY(any one): Voter's ID, Driving licence, Photo ration card, Photo credit card, Passport, PAN Card. PROOF OF AGE(any one): Birth certificate, Voter's ID, Driving licence, Photo ration card, Passport.

 PROOF OF ADDRESS(any one): Voter's ID, Driving licence, Ration card, Passport, Utility bills, Rental agreement, Municipal bill, Credit card statement. PROOF OF INCOME : Latest Salary slip or Salary certificate with Form 16 / Latest ITR, Assessment order, Tax challan. Legal Documents, Dealer Invoice and RTO forms set

HDFC Bank - Loan For two Wheeler

Eligibilty Criterias:
Salaried Min Max Age 21 65 Loan Amount 7000.00 100000.00 Term of Loan 1 4 Income(annual) 42000.00 N/A

Self employed Min Max Age Loan Amount 7000.00 100000.00 Term of Loan N/A N/A Income(annual) 42000.00 N/A

NRI

Min Max Age Loan Amount 0.00 0.00 Term of Loan N/A N/A Income(annual) N/A N/A

Documents Required PROOF OF IDENTITY(any one): Passport,Photo Credit Card, Voter's Card,PAN Card,Driving Licence,Company ID Card. PROOF OF AGE. PROOF OF SIGNATURE: PAN Card,Passport etc. ADDRESS PROOF(any one): Passport,Voter's Card,Ration Card,Utility Bills,letter from Employer confirming address (Address Proof in the name of Applicant's spouse/parents is accepted. INCOME PROOF (Salaried):Latest Salary Slip/Salary Certificate showing all deductions. INCOME PROOF (Self Employed): Copy of latest Income Tax Returns,Certified Balance Sheet and Profit & Loss Account etc.

Step 1 : Compare Loans and choose the best option Step 2 : Verify your needs in a confirmation call Step 3 : Your Loan gets processed quickly

Introduction
Loans in India have always been in the spotlight. It is because due to the general perception that prevails in the mind of the people here. According to most of the people availing loans of any kind is always considered to be a risky proposition for a person especially for those people who hail from the average middle class. The reason for this can be cited as people from this class though are not below the poverty line but still have very limited or almost nil resources to meet their demands. Which are why, many people don't expect themselves to waste their resources on things like Loans. It is because in India availing any kind of loan is the symbol of the depleting financial condition and also people in India tend to think about the ill-effects more then its positive effects. But still as the time has progressed so has the mentality of people changed and that's the reason why more people don't hesitate for before opting for availing any kind of loans.

Today lending authorities in India offer almost every kind of loans. These loans are now much easy to avail and at the same time are very easy to repay back. Also there is no need for the loan aspirant to go through the tedious process of documentation. One of the most popular kinds of loan is the two wheeler loans or the Bike loans. These loans are specially conceptualised keeping in mind the need of a two wheeler of an average Indian. Nowadays various banks both the private sector as well as the public sector offer these two wheeler loans at quite reasonable rate. These loans help the borrower to realise his dream of owning a two wheeler whether a bike or any other vehicle. But there are certain conditions that the lending authorities in India require to be fulfilled. These are as follows

1. A borrower can apply for loan only after he fills up the application form. 2. Recent photographs are must as they serve as the immediate reference for the Bank records. 3. A proof of income of last two years. Documents like the payslip of the occupation, driving license, Bank statement can serve the purpose. 4. Residence proof is a must. A voter ID will prove handy. But before applying for any kind of two wheeler loans or for availing bike loans in India, a borrower must keep few things in mind. First, a person should have a good credit rating. Second, despite the fact that nowadays lenders are offering very reasonable deal, the loan applicant feels that he can get a better deal then he can certainly go to the other lenders too. Third, to expand the chance of getting a good deal, a loan aspirant can certainly take the help of the Internet. This method of finding a good deal is not only easy but also very cost effective. Moreover the borrower can get an exhaustive list of lenders not only from India but also from across the whole world, at their door steps. Fourth, it is advised to the person in question to read the offer document very carefully so that he may not fall prey to any kind of fraud or exploitation. Fifth, a borrower should make sure of the fact that they repay these two wheeler loans and the bike loans successfully in order to reduce the chances of any kind of legal action to be taken against them. Hence, if the borrower will perform the above mentioned formalities before going to bank then he will not face any problem in availing any kind of loan is it the two wheeler loans or the particular loan like the bike loan in India. http://www.automobileindia.com/two-wheelers/loans/

The surging growth of the two wheeler industry in India has been influencing several new entrants to start manufacturing newer version of automobiles. In the last fiscal, the two wheeler industry in the country has seen a remarkable double digit growth against the previous year. A total of 5, 56,000 units of the automobiles were produced in India in the last financial year. Leading two wheeler manufacturers like Bajaj Auto, Hero Honda, TVS Motor, Yamaha Motor are continuously innovating and coming up with new two wheelers to rope in the increasing number of potential consumers in India. The annual sale of these various companies has also increased due to the three wheeler loans offered by numerous financial institutions and banking organizations. By availing a two wheeler loan, many people in India have been able to get away with the hurdle of huge amount of one time monetary investment. If you are taking the auto loan, then in most of the cases you may have to give small down payment. However in some of the cases the customers need not make any down payments at all.

Repayment is done mainly through equated monthly installments. Most of the public sector undertaking (PSU) banks in India charge interest of about 12% per annum. Majority of the PSU banks offer an amount of INR 50,000 to INR 1, 50,000 as loans for a two wheeler. There are some criteria based upon which the auto loans for two wheeler are sanctioned. The individuals seeking loans should have annual gross income of about INR 50,000 or more. The individual can be a businessman, professional or car is job holder. Loans are provided for both new vehicles or for used two wheelers that are up to 3 year old. If you are a transport operator then you have to down-pay minimum margin money of about 15 % of the invoice value, tax amount and premium of insurance for buying a brand new three wheeler. For a used one, you have to pay minimum margin money of about 25%. Requirement of guarantee is not mandatory, however in some of the cases you may be asked to deposit any collateral security. Repayment is usually done within 60 months in equated monthly installments. The interest rates may be higher in the private banks and private financial institutions. One thing should be noted that all such terms and conditions may vary from one bank to another, one financial institution to another.
http://www.automobileindia.com/two-wheelers/consumer-guide.html

Two Wheeler Consumer Guide

Buying an automobile in India is usually treated as an occasion to celebrate. Though two wheelers are not in the same league as that of a car yet the significance of the occasion and the expenses involved, a decent one from a typical Indian perspective, ensures that one is careful while going in for a two wheeler. Be it a motorcycle, scooter or a moped, one is circumspect, if the two wheeler he is going in for a sound one and if the investments are commensurate and so on. With a proper consumer guide, one can find pros and cons of a particular two wheeler and that will help him to get the best of the deals. As a prudent consumer, one is expected to adhere to the following guidelines while opting for a particular two wheeler:

One should first determine his/her specific requirements and then decide if a motorcycle/scooter/moped is going to be the best option. Depending upon the two wheeler, the budget should be clearly spelt out and how one is going to arrange for the funds. If one is going to have it out of own funds or opting for a loan. In case of a loan, what are the best available options and how to get the best of the deals. Opting for a loan, the consumer should ensure that the terms and conditions are well understood by him/her and in case of any confusion or lack of clarity that should be discussed with the loan provider. On the technical aspects, the features of the two wheeler on account of safety and fuel efficiency should be analyzed. The quality of suspension, seating geometry, height of the center of gravity, quality of wheels and bearings should also be taken into account. The beam power and beam quality of the headlights of the two wheeler should be judged and analyzed well. The seat to footrest distance too, needs to be considered while one is contemplating buying a two wheeler.

The shape, width and cushioning of the seat is also important to see and compare vis-vis other models available in the market. The engine capacity and the brand and reputation of the manufacturer are some of the other criterion that needs to be considered.

A consumer guide acts as the friend to any consumer interested in buying a two wheeler. While it helps the consumer to avail of the best available option under the budget s/he is having, on the other side, it puts the two wheeler companies on the toes and gets the best out of them.
http://www.automobileindia.com/two-wheelers/overview.html

Overview of Two Wheelers

Talking of the two wheeler industry, the names that effortlessly come to us is Bajaj Auto, Hero Honda, TVS Motor, Yamaha Motor, Kinetic and others. The two wheeler segment has played an important role in giving a push to the automobile industry in India. In fact, the production, sales and exports of the two wheelers is a fair indication of the growing importance that it enjoys in this country's manufacturing economy. An overview of the two wheeler industry makes this clear that the two wheelers are among the most sought after automobiles in India for some time and the trend is likely to stay for a while. The economic growth, need for better conveyance and gradually improving road infrastructure coupled with better credit and financing options, have acted as a major catalyst in encouraging the growth and development of the two wheeler segment in India. Further, the new and improved features on the two wheelers, their stylish and trendy looks and a rage with the country's youth who form a substantial influence in determining the consumer behavior have ensured that the two wheelers remain on top of the automobile industry's agenda in India. Some of the features that deserve attention in respect of the Indian two wheeler segment are as mentioned:

The total sale of two wheelers in India has touched a figure of 7.86 million units by March, 2007, up 11.42% from the previous fiscal figures of 7.05 million. Production during the period reached 8.63 million units. The production of two wheelers in India is expected to reach a staggering 17.85 million units by 2011-12, more than double of the current production level. The two-wheeler production capacity is to reach 22.31 million units in 2011-12 compared with 10.78 million in 2006-07. India is likely to export 1.39 million two-wheelers in 2011-12 compared with 590,000 in 2006-07. Total investment for new capacity generation in two-wheeler segment is likely to be more than $2.2 billion (INR10, 000 crore). Hero Honda, Bajaj Auto and TVS Motor remain the leading players in terms of sales and popularity of their two wheelers.