Two Wheeler Loan

Ride home your favorite bike, you always dreamed of.

Millions of Indians are upwardly mobile and travels a lot on daily basis. As the roads are piled up with heavy traffics, two wheelers are considered as the most convenient traveling option at times. Considering this, we at Uplabdh Nidhi Limited offer affordable two wheeler loan schemes to meet your everyday conveyance needs without concerning over the monetary part. Our vehicle loan scheme has features like minimum rate of interest and instant disbursal.

So, any salaried or self-employed individual looking forward to affordable bike loan options can get in touch with our Uplabdh Nidhi executive for availing the finance. Applicants can apply for loan amount of up to Rs.2 lakhs, subject to the model and variant of the vehicle.

Eligibility criteria:

  • An applicant’s minimum age should be 21 years, but not more than 50 years
  • An applicant should be an Indian citizen, residing in the same city as Uplabdh Nidhi Office
  • He or she should have a stable source of monthly income
  • He or she should have a CIBIL score above 650

Fees and charges:

  • One time registration charges – Rs. 100
  • Interest rate – 19.5% reducing balance method
  • Processing fee 2%, subject to loan amount
  • Cheque bounce charges – Rs. 500
  • Pre closure charges – 4% of outstanding principal amount
  • Recovery charges – Rs. 1000

Documents required:

  • A copy of identity proof (Aadhaar Card/ Voter ID/ Ration Card)
  • A copy of PAN card
  • Two passport size photographs
  • Updated Bank statement for last 1 month