* Quick disbursal
* Available for a wide range of vehicle loan (Two, Three & Four wheeler)
* Stress-free loan sanction without mortgaging of land
* Easy and flexible documentation
* Once your loan eligibility is verified, we will sanction your bike loan on EMI and transfer the loan amount to the dealer from whom you are purchasing your bike.
* CFSL extends loans for purchase of new and used vehicles of Two Wheeler, Three Wheeler & Four Wheeler (Maximum of 3 years old) for a period of 2 years.
* Loans are granted to individuals who have provided an assurance of repayment in the form of traditional collateral or alternative means of managing credit risk.
* Loan amount will be considered on the basis of Income. Income proofs are required for loan evaluation and loan will be considered up to maximum of 70% of the cost on road price.
* The time for sanction of a loan is usually 3 – 4 working days from the date of submission of the complete set of required loan documents.
General Eligibility Criteria:
Age Criteria:The applicant should be above 18 years old at the time of application, and upto 58 years of age at the time of maturity of the loan.
Tenure of Loan:
The tenure of the loan may vary from 12 to 36 months, depending upon the nature of the deal and the repayment capacity.
Repayment can be made through post-dated cheques (PDCs)/ECS or through Auto-Debit.
A full pre-payment of the loan is accepted. Part pre-payment is not allowed.
* KYC Documents -
Identity Proof ( Self-attested copy of any two document* ) -
Aadhaar Card or Passport or Pan Card or Voter Id or Driving License.
* Income proof to support repayment of loan
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