Type of Documentations Required for Two-Wheeler Loan 

Muthoot Capital’s bike finance documentation are minimal and concise. There is no heavy paperwork involved. To apply for a two-wheeler loan, you just need to provide the required documents to support your eligibility.

The documentation requirements for a two-wheeler loan are: 

• Photo Identity Proof: Aadhaar Card/PAN Card/Voters ID/Passport/Driving License
• Address Proof: Latest Electricity Bill/Latest Phone Bill/Latest Bank Passbook reflecting the current address/LIC Policy/Property Documents/Water Bill/Ration Card

Income Proof (as applicable based on loan requirements and scheme)

Salaried Persons: 

• Payslips/Firm 16
• IT
• Bank Statement

Self-Employed:

• Latest ITR
• Bank Statement

Photo Proofs: Recent passport six photographs

Gathering these documents together before filling the loan application process will help you accelerate the loan process.

What is the Eligibility Criteria for Applying Two Wheeler Loan 

The eligibility requirements for two-wheeler loans at Muthoot Capital are:

• Minimum age of 18 while applying for the loan
• Maximum age of 65 years at the time of loan maturity
• Salaried Individuals: Individuals earning an annual income of INR 96,000 or above
• Self-employed Individual: Minimum annual profit of INR 1,20,000.

Make sure to keep your original documents and photocopies of the two-wheeler loan documentation while visiting the branch. If you are applying for the loan online at Muthoot Capital’s website or mobile application, you just need to upload the scanned copies of the above documents from your image gallery.

We believe in making your dream come true. Hence, we offer the lowest eligibility criteria that one can quickly satisfy. The eligibility criteria are devised so that everyone can own a bike without burdening their current finances.

Tips for Getting Instant Loan with Minimum Documentation 

We offer swift loans with minimal documentation. You can get an instant two-wheeler loan if you follow the below tips:

Apply Online

Apply for a bike loan in just 4 to 5 clicks at the comfort of your home using the Muthoot Capital website or mobile app. Applying online helps you get loan approvals quickly as your submitted loan documents are verified through digital processing. Actually, you save the time taken to take photocopies of the two-wheeler loan documentation and travel to the branch as well.

Check your Eligibility Criteria

The lending institution considers your two-wheeler loan eligibility criteria to grant the loan. If you clear this prerequisite, then your application will be processed quickly.

Calculate EMI Before Applying for the Loan

Calculating your monthly EMI and the tenure of your choice according to your budget will help you quickly fill in the loan required loan details and process the application.

Have Your Documents Ready

Collate the two-wheeler loan documentation in advance and prepare scanned copies or photocopies before applying for the loan. Many of us hesitate to apply for a loan, thinking the loan process is cumbersome and time-consuming. It is not the case with Muthoot Capital.