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Documentation Required to Apply a Bike Loan

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Documents Required to Apply for a Bike Loan

With mounting public transport costs and an unpredictable and unreliable transit system, many people are turning toward purchasing their own vehicles. More specifically, people are opting for bikes and scooters, since they are quick, easy to get out of a traffic jam, less expensive to maintain, and don't require as much fuel when compared to a four-wheeler.

Due to an earlier lack of financing opportunities, especially for two wheelers, many people could not afford to purchase their own vehicle. With the advent of personal banking services, YES BANK has been able to provide customers with comprehensive bike loans, making purchasing a two-wheeled vehicle easier than ever.

For many, a bike represents the freedom to go anywhere, anytime, without having to worry about anything. Therefore, YES BANK offers a simple, hassle-free bike loan, without the trouble associated with loans in the past.

Thanks to YES BANK’s transparent process, easy documentation and quick processing, along with attractive interest rates, multiple payment options and much more, it is easier to purchase your dream bike.

For a YES BANK bike loan, you will need to provide a complete set of documents, which include the following:

  • The application form, duly filled.
  • Recent photographs.
  • KYC documents, in compliance with YES BANK’s policy.
  • Income proof.
  • Bank statements.
  • Signature proof verification.
  • Proforma invoice.
  • Loan agreement, duly signed, along with the RTO Set.
  • Post-dated cheques, with ECS form.
  • Margin money receipts.

YES BANK provides you with the ease of digital banking where you can apply for a bike loan online via our website. Thanks to our convenient doorstep banking facility, YES BANK representative will visit your home or office to complete the documentation process. Or, if you like, you can drop by your closest YES BANK branch and speak to an experienced loan executive for a seamless banking experience.

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