SBI High Value Super Bike Loan

Eligibility

  • Existing and New to Bank customers (individual applicants), of under noted categories:
    • Salaried (including short commissioned officers in defense establishments)
    • Pensioners
    • Self-employed Professionals, Proprietor, Partner and other IT assesses including businessmen & traders.
    • Persons engaged in Agriculture and Allied activities.

Age Limit

Minimum Age21 years
Maximum Age57 years
Loan must be fully repaid before the borrower completing the age of 60 years

Income

  • Salaried: Minimum Net Annual Income should be Rs.3 Lakhs.
  • Pensioners: Minimum Net Annual Income should be Rs.3 Lakhs.
  • Self-employed Professionals, Proprietor, Partner, and other IT assesses including businessmen & traders: Net Profit or Gross Taxable income of Rs.3 Lakhs p.a.
  • Agriculturists: Minimum Net annual should be Rs.4 Lakhs.

Loan Amount

MinimumRs.1.50 Lakhs
MaximumRs. 25 Lakhs

EMI/NMI

  • Up to 50% for all applicants.

LTV

  • 85 % of Ex-showroom

Margin

  • 15% of ex-showroom cost of the vehicle

Processing Fee

  • 2% of the loan amount
  • Maximum: Rs. 10000/-

Term

  • Upto 48 Months or before the borrower completing 60 Years of Age, whichever is earlier.