What are the documents required for two wheeler?

What are the documents required for two wheeler?

Two wheeler finance requires easy documentation. The documents required for the best two wheeler loans are:

  • Address proof: Passport/ voter ID card/ Aadhaar card/ driving license/ utility bills/ Ration card/ LIC policy.
  • Identity proof: Passport/ Voter Id card/ PAN card/ Driving license/ Aadhaar card.
  • Income proof like ITR/ Salary credit in bank statement or pay slip.

A 2 wheeler loan is useful because you need to pay only a small amount to buy your dream bike – there is no need to burden your finances. The remaining amount can be availed of as motorcycle loans. The loan amount can be repaid in the form of EMIs that are affordable. Some schemes allow you to get the entire value of the vehicle on-road price as a loan.