Looking for a Bike Loan? Know The Eligibility Criteria and Documents Required
If you are looking to purchase a bike but are short of funds then a bike loan can solve your problem. A bike loan is a type of personal loan specifically designed to finance the purchase of a motorcycle or other two-wheeler. It is important to understand the eligibility criteria and documents that will be required before applying for a bike loan. This article will cover everything you need to know before availing of a bike loan.
Eligibility Criteria for a Bike Loan
Each bank will have different eligibility criteria for their bike loans. However, there are some requirements that are uniform across all banks.
Here are the key eligibility criteria that you will likely need to meet.
Age: To be eligible for a bike loan, you'll typically need to be at least 21 years old.
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