Quick Answer: How Can I Check Eligibility For Bike Loan?

How can I check my loan status?

A person can check the loan status by calling the customer care numbers for any financial queries including Personal loan.

You can also directly go to the branch you apply at to meet the officer in charge to know the status of your personal loan application..

Can a student get a bike loan?

Yes, students can get a two-wheeler loan to buy a bike if they meet certain eligibility criteria that is set by the bank/lender. Age: The minimum age to get a bike loan in most banks is 21 years, but some banks and Non-Banking Financial Companies (NBFCs) have a minimum eligibility age of 18 years.

Can I get a loan of 1 lakh?

1 lakh personal loan from Bajaj Finserv. Enjoy instant approval and disbursal within only 24 hours, hassle-free application process and easy to meet eligibility criteria for instant financing. … 1 lakh amount. You can select a flexible repayment tenor ranging up to 60 months to repay the loan with ease.

Is 550 a good cibil score?

The score ranges between 300 and 900, the higher the better chances of getting a personal loan approval. … Banks and NBFCs prefer CIBIL Score of 750 and above to approve a personal loan. However, a few lenders may approve the loan for score of 550, but at a higher rate of interest, fees, and charges.

How can I check my bike loan?

A simple way to check your eligibility is to use an online tool like the Bike Loan eligibility calculator.Enter your city, date of birth and type of residence.Choose a bike model.Enter an indicative price for the bike you want.Enter your employment details and income.Confirm if you have an HDFC Bank account.More items…

How much Bike loan can I get?

Two Wheeler Loan Eligibility CriteriaMinimum age limit21 yearsStatus of employmentSalaried or self-employedMinimum income requiredRs.50,000 per yearMinimum work experience required6 months with the current employerMaximum loan amountRs.10 lakh4 more rows•Aug 28, 2020

Can I buy bike on no cost EMI?

The Bajaj Finance No Cost EMI can be availed using the Bajaj Finserv EMI Network card. The option of no cost EMI on Bajaj Finserv EMI Network cards makes use of a pre-approved loan to purchase high-value products and prevents you paying excess on your purchase.

Does Bajaj Finserv check cibil?

Yes, Bajaj Finserv checks the CIBIL score of personal loan applicants. … A credit score of 750 and above is considered ideal for obtaining a personal loan.

Can cibil defaulter get a loan?

3. Borrow at higher rates of interest. Another way to obtain a personal loan for CIBIL defaulters is to get a personal loan at higher interest rates. While this may hike your financial outgo, it can increase the chances of your application being accepted.

Is cibil score required for bike loan?

There is no such fixed credit score required for a bike loan, but it is advisable to have a score between 600 and 750, as this range is considered ideal for banks and credit institutions. … The chances of getting a bike loan with a bad CIBIL score is difficult, but not impossible.

How much loan can I get if my salary is 15000?

Personal Loan Eligibility Criteria for Top Banks and NBFCsLendersEligible Loan AmountMinimum Eligible IncomeTata CapitalRs. 75,000 to Rs. 25 LakhRs. 15,000 per monthUnion Bank of IndiaUp to 10 LakhRs. 15,000 per monthYES BankRs 1 Lakh to Rs 40 LakhOn a case by case basis24 more rows•Nov 4, 2020

How can I check my salary eligibility for loan?

Present Age and Remaining Working Years: The age of the applicant plays a major role in determining home loan eligibility. The maximum loan term is generally capped at 30 years. Age Limit for Salaried Individuals: 21 to 65 years . Age Limit for Self-Employed Individuals: 21 to 65 years.

Which bank bike loan is best?

Compare Bike Loan Interest RateBankTwo Wheeler Loan Interest Rates*Lowest EMI per Rs. Ten Thousand for Max TenureHDFC Bank14.03%₹ 273 for 4 yearsPNB10.70%₹ 216 for 5 yearsBajaj Auto Finance11.60%₹ 330 for 3 yearsIndusInd Bank12.00%₹ 332 for 3 years12 more rows

What is minimum down payment for bike?

What is the minimum down payment for a bike loan? The lenders generally finance 90% of the ex-showroom price of the bike. Some customers might be eligible for 100% funding too. This means the minimum possible down payment that you have to pay includes the RTO and insurance charges for the bike.

How much loan can I get on 35000 salary?

If you are taking a home loan for 35,000 salary, you can get a maximum loan amount of Rs. 20,16,481 at say an 8.5% interest rate for a tenure of 20 years. In this situation, the home loan EMI amount you would pay is not more than Rs. 17,500.