Firms in Udaipur have been offering effective and lofty deals on loans, they are offered on brand new and pre-owned scooters and motorcycles. There are certain criteria that have to be fulfilled to attain and clear the formalities of the loan providing firms.
The tenure and interest on loans begin with 6 months -12%, 12 month-15%, 18 month-15%, 24 month-15% etc. To avail loans on pre-owned two wheelers, the vehicles shouldn’t be older than 3 years. There is a limit restricted to vehicles based on whether they are new or pre-owned. The new scooters avail a loan limit of 80% ex-showroom price of the vehicle and 70% on road price of the vehicle as per the rules.
The pre-owned vehicles avail 70% of cost upon authorization from vehicle engineer, insurer, etc. whichever holds good. The firm that offers two wheeler loan in Udaipur request customers to submit valid documents like address proofs (either water bill/electricity bill/telephone bill) ration card and other proofs include recent passport photos, Aadhar card, PAN card, Election card, passport and driving license etc.
The procedure for processing a loan requires the customer to produce a duly signed form with required photographs, forms duly signed from the Warrantor, use of property or mortgage as a security for loan, cheques and the customer can apply for loans if he is in the age group of 18-60 years. The customers can avails two wheeler loan in Udaipur only if they are the residents of Udaipur.
Every firm makes sure they specify some amount as the processing fees. The EMI claimed on the vehicle should not exceed the clause that states 30% should be the maximum annual income of the customer that includes the instalment details too as per the quoted rules of two wheeler loan in Udaipur. The vehicle that is purchased has to be insured and the insurance cost has to be paid on a timely basis apart from the regular EMI. All in all, cherry pick the best firm to avail better offers on loans.