Pre-owned Two-Wheeler Loan
Pre-owned Two-Wheeler Loan
StarInvest offers Pre-Owned Two Wheeler Loans to help individuals finance the purchase of used motorcycles and scooters. Whether you're looking for a reliable second-hand bike for daily commuting or leisure, this loan provides an easy and accessible way to own your dream two-wheeler. We understand that the cost of purchasing a pre-owned two-wheeler can sometimes be a challenge, which is why we aim to provide flexible loan options that fit your financial needs.
Loan Features:
- Loan Amount: The amount depends on the value of the pre-owned two-wheeler.
- Interest Rates: Competitive rates based on the applicant's profile and the vehicle’s condition.
- Tenure: Flexible repayment options ranging from 12 months to 60 months.
- Quick Approval: Fast and hassle-free loan processing, with minimal documentation.
Eligibility Criteria:
To be eligible for a Pre-Owned Two Wheeler Loan at StarInvest, you must meet the following criteria:
- Age: The applicant should be between 21 and 60 years of age.
- Income: Stable monthly income (self-employed or salaried).
- Credit Score: A good credit history with a minimum score of 650 or as per lender's requirements.
- Documentation: Proof of identity, address, income (pay slips or bank statements), and vehicle documents (RC, insurance, etc.)
- Nationality: Applicant must be an Indian citizen or a resident of India.
- Employment Status: Must be employed/self-employed with a stable source of income.
Required Documents:
- KYC Documents: Proof of identity (Aadhar, Passport, Voter ID, etc.), proof of address (utility bills, rental agreements).
- Income Proof: Recent salary slips (for salaried applicants) or bank statements for the last 6 months (for self-employed applicants).
- Vehicle-related Documents: Copies of the Registration Certificate (RC), insurance papers, and other relevant documents of the pre-owned vehicle.
- Bank Statements: For the past 3-6 months.
This loan option is designed to help you own a two-wheeler with minimal upfront cost while ensuring manageable monthly repayments. StarInvest strives to make the loan process seamless and transparent.
