Ratnakar Bank Two Wheeler Loan:
Loan is offered to applicants eligible under at Ratnakar Bank Two Wheeler Loan eligibility criteria, at a competitive Ratnakar Bank Two Wheeler Loan rate.
Ratnakar Bank Two Wheeler Loan Interest Rate:
- Finance is extended at Ratnakar Bank Two Wheeler Loan rate based on the floor rate set by bank.
- Current effective interest rate is 13% per annum.
- Above stated Ratnakar Bank Two Wheeler Loan interest rate is uniform across all categories of borrowers.
Ratnakar Bank Two Wheeler Loan Eligibility Norms:
Stipulated Ratnakar Bank Two Wheeler Loan eligibility criteria state that following are persons suitable to be extended loan at Ratnakar Bank Two Wheeler Loan rate:
- Permanent employees of government / quasi-government concerns and other reputed firms and companies
- Above should have a minimum monthly salary such that net take home pay is at least 50% of gross amount, after all deductions, including present EMI.
- Self-employed business persons and traders; professionals are also eligible for loan at Ratnakar Bank Two Wheeler Loan interest rate.
- Farmers with sufficient repayment capacity are also eligible for loan.
Quantum Of Ratnakar Bank Two Wheeler Loan:
- Amount of loan to be disbursed at Ratnakar Bank Two Wheeler Loan interest rate is calculated as per:
a) Repayment capacity of borrower
b) Vehicle to be acquired
- Margin allowable is equivalent to 25% on amount of loan.
Procedure To Be Followed While Applying For Ratnakar Bank Two Wheeler Loan:
Interested persons may be able to avail of loan at Ratnakar Bank Two Wheeler Loan interest rate, by submitting following documents at the nearest branch of the bank, along with a filled-in application form:
a) Income proof: salary slip / ITR filed
b) Letter of undertaking form employer to deduct amount of EMI form monthly salary of borrower, in case of salaried class
c) Identity proof
d) Residential proof
e) Two passport-sized photographs
Tenure Of Ratnakar Bank Two Wheeler Loan:
Loan has repayment tenure that stands at 5 years, irrespective of borrower category as per Ratnakar Bank Two Wheeler Loan eligibility criteria, and interest is calculated at Ratnakar Bank Two Wheeler Loan rate.
Repayment Of Ratnakar Bank Two Wheeler Loan:
- Borrowers should ensure that entire amount of loan is repaid in a maximum of 60 equated monthly installments.
- EMI amount is inclusive of interest at Ratnakar Bank Two Wheeler Loan rate.
Product Page URL Of Ratnakar Bank Two Wheeler Loan: interested borrowers may be able to avail of detailed loan information about Ratnakar Bank Two Wheeler Loan eligibility norms, at http://www.theratnakarbank.com/lon_bike.html
Branch Office Address (In Table):
City
|
Branch
|
Address
|
Phone number
|
Delhi
|
Karol Bagh
|
17 A/53,
Ground Floor,
Karol Bagh, Guradwara Road, NEW DELHI – 110 005. |
011-28750451
|
Mumbai
|
Mumbai Fort
|
Unit No.3 & 4,
Rahim-ut-ullah House,
Homjee Street,
Horniman Circle, Fort,
MUMBAI - 400 001. |
022-22703638/22703635
|
Kolkata
|
-
|
-
|
-
|
Chennai
|
-
|
-
|
-
|
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