I was not sure whether can I get a personal loan for a motorcycle or not so I visited my bank’s branch, Axis Bank and asked the officials about it. I learnt that two-wheeler or motorcycle loans come under personal loans only. If you meet their requirements, you can avail the loan without any hassle. Since I have availed a loan from Axis Bank, let me share their eligibility criteria.
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How Can You Get a Loan for a Motorcycle in Axis Bank?
To avail of a motorcycle loan at Axis Bank, you will need to meet certain criteria like:
Be between 21 and 65 years old (self-employed) and between 21 and 58 years old (salaried employees)
Must have 1 year of experience in the same sector or industry
Your minimum income should be Rs 2,50,000 (self-employed) and Rs 1,44,000 (salaried employees) per year
As for the documents, you will need to submit
Income and age-proof
Latest ITR or salary slip and Form 16
Office or business proof
The last 3 months’ bank statements
If you want to avail of a loan from some other bank, be sure that you will have to follow somewhat the same rules but better clarify them by visiting your bank’s branch. I hope this answers your query: How can I get a loan for a motorcycle?
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Authors Of The Question
Can I Get a Personal Loan for a Motorcycle?
Gurmeet
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30 days
2025-01-31T14:39:42+00:00 2025-01-31T14:39:43+00:00Comment
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