When we started giving two-wheeler loan, we gave maximum of 80% of the vehicle cost as loan. We then moved to 90% of vehicle cost as loan, and now we can give 100% of vehicle price as a loan. We have also given two wheeler loans to an individuals without any hypothecation, the vehicle remains in the name of owner. You would be wondering whether you qualify for this loan, and what documents do I need to submit.

Below are the steps to get a vehicle l loan:

  • Open your web browser on your laptop or mobile phone
  • Enter www.loanmeet.com
  • Click Get A Loan at the top
  • Fill your basic details and select “Vehicle” as loan type

Upload your documents, and complete the loan application

Eligibility for 100% Financing:

  1. Your monthly salary must be 50% of the bike cost
  2. You should not have any EMI payment delays, or Cheque bounces in the last six months

Documents for 100% Financing:

  1. Copy of your PAN Card
  2. Copy of your local and permanent address proof
  3. 3-months of your bank statements
  4. 3-months of pay slips

Loan Details:

  1. Loan Amount – Entire cost of the bike
  2. Loan Tenure – 1 Year
  3. Interest Rate – 13% and onwards
  4. Documentation – Rs. 1000
  5. Processing Fees – Rs. 1000

Your loan application status would be communicated to you in 24 hours, and your dealer would receive funds in 3-5 days. We believe that peer to peer lending works great for two wheeler loans, and we are fast. Before approaching us, you must specify the name of dealer from whom you plan to purchase two-wheeler, as it would help us process your loan faster.