Vijaya Bank Bike Loan

Vijaya Bank Two Wheeler Loan:

Finance is available to enable customers suitable under Vijaya Bank Two Wheeler Loan eligibility purchase vehicle of any make or model, at Vijaya Bank Two Wheeler Loan rate of interest.

Vijaya Bank Two Wheeler Loan Interest Rate: 

Cost of availing of finance is interest levied at Vijaya Bank Two Wheeler Loan rate:

• Applicable ROI is at 10.75% per annum
• Determination of Vijaya Bank Two Wheeler Loan rate is as per base rate: 9.50% per annum

Vijaya Bank Two Wheeler Loan Eligibility Norms:

Prescribed Vijaya Bank Two Wheeler Loan eligibility criteria state that following persons are eligible to be extended finance:

• Salaried persons, who are 21 years of age when applying and 60 years or less, when loan matures:

a)    Permanent employee of a government concern / public sector undertaking / public or private limited company / recognized educational institution

b)    Minimal period of service remaining should be such that loan is repaid at least one year before retirement. Amount to be repaid will include principal and interest levied at Vijaya Bank Two Wheeler Loan interest rate.

• Non-salaried individuals who are at least 21 years when applying and 60 years when loan matures.
• Organizations, including firms and companies, which are registered, may also be extended finance at Vijaya Bank Two Wheeler Loan rate.

Quantum Of Vijaya Bank Two Wheeler Loan:

Finance is available at Vijaya Bank Two Wheeler Loan rate so as to cover a maximum of:

• 80% of value of vehicle, as per figures on invoice pro-forma papers
• Above cost of vehicle may also include other sundry expenses: registration and cost of accessories etc
• Vijaya Bank Two Wheeler Loan interest rate remains uniform, irrespective of amount sanctioned.

Procedure To Be Followed While Applying For Vijaya Bank Two Wheeler Loan:

• Security required:

a)    Primary security is by hypothecation on vehicle obtained out of loan amount.

b)    Guarantor by a third party acceptable is also required.

• Insurance of vehicle is mandatory, of full cost of vehicle.
• You may view or fill up application form available at link given at end of page, if you meet Vijaya Bank Two Wheeler Loan eligibility criteria.
• Processing fee at 0.1% of loan amount is also charged before disbursal.

Tenure Of Vijaya Bank Two Wheeler Loan:

Irrespective of professional profile and category of borrower, as per Vijaya Bank Two Wheeler Loan eligibility, tenure for repayment of loan is fixed at 6 years.

Repayment Of Vijaya Bank Two Wheeler Loan:

Entire amount disbursed to borrower should be repaid in a maximum of 72 equated monthly installments; each installment comprises of interest at Vijaya Bank Two Wheeler Loan interest rate.

Product Page URL Of Vijaya Bank Two Wheeler Loan: more details about product, including Vijaya Bank Two Wheeler Loan interest rate are available athttp://vijayabank.com/vijaya/vijaya/internet-en/menus/loans-advances/retail-lending-schemes/vijaya-wheels.html

Branch Office Address (In Table):

City	Branch	Address	Phone number
Delhi	Chandni Chowk	1488-89, Chandni Chowk, New Delhi	011 23860574
Mumbai	Borivali West	109-C, Raheja Estate, Kulupwadi, National Park,  Borivali West, Mumbai - 400066	022 25283357
Kolkata	Alipore	Rajhansa Building, 6, Hastings Park Road, Alipore, Kolkata - 700 027	033 24791511
Chennai	Rangarajapuram, Kodambakkam	No. 25, Nagarjunanagar, 1st Street, Rangarajapuram, Kodambakkam, Chennai	044 24802070