Complete Guide to Two-Wheeler Loan Online Application

A two-wheeler can be a boon for an individual or a family when it comes to daily commutes. However, not everyone can afford to pay for a two-wheeler upfront. For such consumers, Muthoot Capital offers simple and convenient two wheeler loan online applications. This article sheds light on the ease of procuring a two-wheeler loan online and the streamlined process of obtaining two wheeler loan online approval.

Features of Two-Wheeler Loan

• 100% Financing: Get up to 100% of the cost of the two-wheeler.
• Competitive Interest Rates: Two wheeler loan interest rates start at just 0.99% p.a.
• Flexible Repayment Tenures: Repayment periods range from 12 to 48 months.
• Affordable Processing Charges: Processing fees range from 1-4% of the loan amount.
• Quick Online Approval: Receive two wheeler loan online approval faster with minimal documentation and zero hassles.

Eligibility for a Two-Wheeler Loan

Before you proceed with a two wheeler loan online application, ensure you meet the eligibility criteria based on your age, income, and other parameters:

• Age Requirement: Applicants should be at least 18 years old and not exceed 65 years at the time of loan maturity.
• Income Criteria:
  • Salaried Individuals: Minimum annual income of ₹96,000.
  • Self-Employed Individuals: Minimum annual profit of ₹1,20,000.

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Documents Required for a Two-Wheeler Loan

When submitting a two wheeler loan application, you need to provide the following documents:

• Identity Proof: Self-attested copy of PAN Card, Passport, Voter ID, Aadhaar Card, or Driving License.
• Address Proof: Any one of Passport, Aadhaar Card, Voter ID, Driving License, Telephone Bill, Electricity Bill, Gas Connection Bills, Ration Card, or LIC Policy.
• Income Proof: ITR, Form 16, Pay Slip, or Salary Credit in Bank Statement.
• Asset Proof: Latest Land/Building/House Tax Receipt.
• Recent Passport Size Photo

Steps to Apply for a Two-Wheeler Loan Online

1. Finalize Muthoot Capital: Once you have chosen Muthoot Capital as your loan partner, visit our website to check your EMIs.
2. Calculate Your EMI: Use our free two wheeler loan calculator, available 24×7 on our website, to calculate your EMIs based on the loan amount, tenure, and interest rate.
3. Submit Application: Complete your two wheeler loan online application by filling in your personal information and loan details.
4. Upload Documents: Upload essential documents like identity proof, address proof, and bank statements as required. Alternatively, you can deposit them at your nearest Muthoot Blue branch.

After your loan application and documents are verified, you will receive two wheeler loan online approval. Muthoot Capital will arrange for an executive to contact you or visit your doorstep for further proceedings.

Muthoot Capital Two Wheeler Loan Online Payment Options

Muthoot Capital provides the convenience of making all payments online post-approval. You can manage your muthoot capital two wheeler loan online payment through our website using various payment modes. Additionally, you can download the Muthoot Blue app on your smartphone to handle the payment process seamlessly.

Available Payment Modes:

• Debit and Credit Cards
• UPI Payments
• Digital Wallets
• Net Banking
• Mobile Banking

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Conclusion

Ensure that all details in your two wheeler loan online application and the required documents are accurate for quick loan approval. With the convenience of online application and approval, securing a two-wheeler loan has never been easier. Visit the Muthoot Capital two wheeler loan page to understand eligibility, requirements, and terms. For personalized assistance, call us at 1800 102 1616, and our two-wheeler loan representatives will guide you through the process and explain all loan terms.

FAQs

1. What are the eligibility requirements for a Muthoot Capital two-wheeler loan?

• Age Requirement: Applicants must be between 18 and 65 years old at the time of loan maturity.
• Income Criteria:
  • Salaried Individuals: Minimum annual income of ₹96,000.
  • Self-Employed Individuals: Minimum annual profit of ₹1,20,000.

Ensuring you meet these criteria will help streamline your loan application process.

2. How can I apply for a two-wheeler loan online with Muthoot Capital?

• Step 1: Visit the Muthoot Capital website and use the online loan calculator to estimate your EMIs.
• Step 2: Fill out the online application form with your personal and loan details.
• Step 3: Upload the required documents, such as identity proof, address proof, and income proof. Alternatively, you can submit your documents at a nearby Muthoot Blue branch.
• Step 4: After verification, you will receive online approval, and a Muthoot Capital executive will contact you to complete the process.

3. What are the key features of Muthoot Capital’s two-wheeler loan?

• 100% Financing: Up to 100% of the two-wheeler cost.
• Competitive Interest Rates: Starting at just 0.99% per annum.
• Flexible Repayment Tenures: Options ranging from 12 to 48 months.
• Affordable Processing Charges: Between 1-4% of the loan amount.
• Quick Online Approval: Fast approval process with minimal documentation.

These features make financing your two-wheeler both affordable and convenient.

4. What documents are required for a two-wheeler loan application?

• Identity Proof: PAN Card, Passport, Voter ID, Aadhaar Card, or Driving License.
• Address Proof: Passport, Aadhaar Card, Voter ID, Driving License, utility bills, Ration Card, or LIC Policy.
• Income Proof: ITR, Form 16, Pay Slip, or Salary Credit in Bank Statement.
• Asset Proof: Latest Land/Building/House Tax Receipt.
• Recent Passport Size Photo

Having these documents ready will facilitate a smoother application process.

5. How can I make online payments for my two-wheeler loan?

• Payment Methods Available:
  • Debit and Credit Cards
  • UPI Payments
  • Digital Wallets
  • Net Banking
  • Mobile Banking

Manage Payments: Use the Muthoot Capital website or download the Muthoot Blue app on your smartphone to handle your loan payments seamlessly.