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  • KBL EASY RIDE two wheeler loan details

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    Vineeth Bhat
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    KBL EASY RIDE is a loan program to purchase two-wheelers. It is available to individuals with a valid driving license, companies purchasing for executives, parents buying for children with a license, and salaried/self-employed persons between 18-60/65 years. The eligible loan amount is up to 85% of the on-road price, capped at Rs. 1 lakh. Security includes hypothecation of the vehicle and a guarantor. The loan has a term of up to 60 months and is repaid in EMIs with interest linked to the bank's base rate. Proof of income is required.

    Original Description:

    Karnataka bank easy ride

    Original Title

    KBL-EasyRide

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    KBL EASY RIDE is a loan program to purchase two-wheelers. It is available to individuals with a valid driving license, companies purchasing for executives, parents buying for children with a license, and salaried/self-employed persons between 18-60/65 years. The eligible loan amount is up to 85% of the on-road price, capped at Rs. 1 lakh. Security includes hypothecation of the vehicle and a guarantor. The loan has a term of up to 60 months and is repaid in EMIs with interest linked to the bank's base rate. Proof of income is required.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    14 views1 page

    KBL EASY RIDE two wheeler loan details

    Uploaded by

    Vineeth Bhat
    KBL EASY RIDE is a loan program to purchase two-wheelers. It is available to individuals with a valid driving license, companies purchasing for executives, parents buying for children with a license, and salaried/self-employed persons between 18-60/65 years. The eligible loan amount is up to 85% of the on-road price, capped at Rs. 1 lakh. Security includes hypothecation of the vehicle and a guarantor. The loan has a term of up to 60 months and is repaid in EMIs with interest linked to the bank's base rate. Proof of income is required.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 1

    KBL EASY RIDE

    Purpose:
    For purchase of new Two Wheeler

    Eligibility:
    ·Individuals possessing valid Driving Licence.
    ·Company/Firm purchasing for the Executives/MD/Partners
    ·Parents buying for their major Children who have valid DL
    ·Salaried Persons - Should be a confirmed employee between the age
    group of 18-60 years
    ·Others - Shall be in the business for 1 year. Should be between the age
    group of 18-65 years

    Eligible Limit:
    Salaried persons: Up to 15 times of Take Home Salary
    Others: Equivalent to Annual Gross Income.

    Loan Amount:
    ·Up to 85% of on road price (cost of two wheeler + Road Tax+
    Regn.+ Insurance, Subject to maximum of ` 1.00 lakh per Vehicle.

    Security:
    Hypothecation of Two Wheeler to be purchased; Co-ob/Guarantee of a
    suitable third party/family member, acceptable to the Bank.

    Period: Up to 60 Months.

    Repayment: In EMI or equal monthly installments + Interest.

    Interest rates: On Floating rate basis, linked to base rate of the Bank.

    Other Terms and Conditions:


    ·Proof of Income (Salary Cert., IT Return Copy) to be produced
    ·Annual Loan Commitment shall not exceed 60% of Income
    * conditions apply

    For further details contact our branch nearest to you.

    Karnataka Bank Your Family Bank. Across India.


    Regd. & Head Office: Mangaluru - 575 002 CIN: L85110KA1924PLC001128 Email: info@ktkbank.com Visit us at: www.karnatakabank.com

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