To\nprove your identity, one of the generally accepted identity proofs needs to be\nsubmitted. You have the option to furnish one of the following: <\/p>\n\n\n\n
- \n
- Passport<\/li>\n\n\n\n
- PAN<\/li>\n\n\n\n
- Driver\u2019s\nlicense<\/li>\n\n\n\n
- Voter\nID<\/li>\n\n\n\n
- Aadhaar\ncard<\/li>\n\n\n\n
- Ration\ncard<\/li>\n\n\n\n
- Identity\ncards issued by employers may also be accepted<\/li>\n<\/ul>\n\n\n\n
2. Address proof<\/strong><\/h2>\n\n\n\n
Some\nof the documents accepted as identity proof also serve as address proof. The\naddress proof documents required to buy a bike on EMI include the\nfollowing:<\/p>\n\n\n\n
![\"Two](\"\/wp-content\/uploads\/2020\/11\/what-are-the-documents-required-for-two-wheeler-loan-2.jpg\")
<\/figure>\n\n\n\n- \n
- Passport<\/li>\n\n\n\n
- Voter\nID<\/li>\n\n\n\n
- Driver\u2019s\nlicense<\/li>\n\n\n\n
- Rental\nagreement<\/li>\n\n\n\n
- Telephone\nbill<\/li>\n\n\n\n
- Electricity\nbill<\/li>\n\n\n\n
- Gas\nconnection bill<\/li>\n\n\n\n
- Ration\ncard<\/li>\n\n\n\n
- Sale\ndeed<\/li>\n\n\n\n
- Recent\ncredit card bill statement<\/li>\n\n\n\n
- Property\npurchase agreement<\/li>\n\n\n\n
- LIC\npolicy<\/li>\n<\/ul>\n\n\n\n
Additional Read:<\/strong> Getting Home a Two Wheeler? 4 Tips to Follow<\/a><\/p>\n\n\n\n
3. Income proof <\/strong><\/h2>\n\n\n\n
While\napproving a bike loan, lenders have to be assured that the loan applicant\ncan repay the loan in due course. They ascertain this by looking at the income\nproof of the applicant. These documents allow the lenders to get a fair idea\nabout the income of the applicant, using which they can decide the loan\neligibility. Some of the common documents accepted as income proof include:<\/p>\n\n\n\n
- \n
- Latest\nsalary slip<\/li>\n\n\n\n
- Latest\nForm 16<\/li>\n\n\n\n
- Latest\nIncome tax return<\/li>\n\n\n\n
- Bank\nstatement for the last three months<\/li>\n\n\n\n
- Salary\ncertificate<\/li>\n<\/ul>\n\n\n\n
These, in a nutshell, are the\u00a0documents required for two wheeler<\/a> loan\u00a0that the applicant must furnish.<\/p>\n\n\n\n
Additional Read:<\/strong> Different stages involved in availing a Two-wheeler loan<\/a><\/p>\n\n\n\n
4. Availing the two wheeler loan<\/strong><\/h2>\n\n\n\n
You must note that the above list of documents required for bike loan is not exhaustive and may vary from one lender to another. Once you finalize on your lender, you have to prepare the aforementioned documents to avail the loan. Apart from furnishing the documents, you will also have to qualify the various two-wheeler loan eligibility<\/a> criteria. Often, there are limits on the age of the applicant, the loan value and the tenure of the loan. Residential and employment stability of a predefined period is also sought by lenders.<\/p>\n\n\n\n
Tata Capital, with a strong customer base of over 15 lakh, offers attractive two-wheeler loan<\/a>. The loans can be for up to 95% of the value of the two-wheeler, thus transferring most of the two-wheeler\u2019s value on to EMI. Besides, the simple documentation and processing, competitive interest rate and quality service make Tata Capital a preferred choice for two-wheeler loans.<\/p>\n\n\n\n