Have a good CIBIL score of around 700-750 before applying for the loan. Your bank can declare a minimum income of Rs 72,000 to Rs 1.5 Lakh per year. It varies between banks and financial institutions. Banks and financial institutions require specific documents to process your credit application. You must provide a self-certified copy of the PAN card as proof of identity. The certified copy of the passport or voter card is proof of valid address. Step 2: Check your eligibility before applying for the two-wheeled credit. Consult the documentation before going to the bank for credit. You need to apply for a two-wheeled loan online during COVID-19. It`s easier than conventional options. Paperless documentation and KYC processes limit unwanted travel. You get a faster loan commitment with less documentation.
Banks require a minimum age of 21 if you apply for a two-wheeled loan. You must repay the loan before the age of 60. . . .