SBI Super Bike Loan Scheme Need Loan To Buy Super Bike SBI Is Giving Loan Up To 90 Percentage Know Details Here

[ad_1]

SBI Super Bike Loan Scheme, The craze for super bikes is increasing among the youth. This is the reason why many two-wheeler companies are manufacturing super bikes. Equipped with best features, the price of super bikes is high. However, now many banks are giving loans for superbikes, including State Bank of India (SBI). Know about SBI Super Bike Loan Scheme:-

who can apply

  • Applicant’s age 21-65 years of age Self Employed, Professional, Businessman or Proprietor of Firm can apply.
  • There should be return filing for the loan.
  • If you are associated with agriculture, then you will not need to give ITR, but your income should be Rs 4 lakh.
  • One can also apply as a co-applicant for a super bike loan.

how much loan will i get

  • Loan will be available up to 85% of the ex-showroom price.
  • You will have to invest 15% of the amount with yourself.
  • At the same time, SBI salary package, high net worth individual and wealth customers can get loans up to 90 percent.

Interest rate and processing fee

  • In this scheme, a minimum loan of Rs 2.50 lakh has to be taken.
  • The repayment tenure of this loan is 5 years. That is, you have to repay the loan in 5 years.
  • The interest rate for SBI Super Bike Loan will be a minimum of 10.25 per cent (1 year MCLR + 25%) per annum. The 1-year MCLR in SBI is currently 7 percent.
  • The processing fee of the loan will be 1% of the loan amount plus GST.
  • The processing fee cannot exceed Rs.10,000 (+GST).

Read also:

Budget 2022: Finance Ministry’s social media campaign, from 22 January 2022, Professor Shastri will tell the details of the budget

7Th Pay Commission: Expected 3 percent hike in HRA of central employees – Reports

,

[ad_2]

Source
(This is an auto-generated article from syndicated news feed. TEAM BEPINKU.COM may not have modified or edited the article).

About the Author: TEAM BEPINKU.COM

We share trending news and latest information on Business, Technology, Entertainment, Politics, Sports, Automobiles, Education, Jobs, Health, Lifestyle, Travel and more. That's our work. We are a team led by Mahammad Sakil Ansari.

You May Also Like