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Mandaljee Digital Bank Two Wheeler Loan

Mandaljee Digital Bank is providing loan to aspirants who wants to own their two wheeler. Our endeavour is to provide hassle free processing along with simplified documentations and faster decisioning of Loan.

Features & Benefits

Customized financing options to cater all types of 2 wheeler needs.
Up to 95% funding on on-road price.
Flexible tenure options, ranging from 12 to 36 months.
Hassle free documentation.
Competitive Interest Rates.
Easy repayments.

Eligibility

Individual between 18 to 59 years of age.
Salaried/Self Employed with minimum work experience of one year.

Minimum Documents Required

KYC Documents.
One security cheque.
One passport size photograph.

Schedule Of Charges

Loan Amount	`26,000 – `1,25,000.
Loan Tenure	12 - 36 months.
Rate of Interest	21% - 23% p.a. (reducing balance).
Processing Fee	2% of loan amount (excluding applicable GST).
Documentation Charges	`500(excluding applicable GST).
Stamp duty	As per the state by-laws.
CERSAI Charges	At actuals.
Late Payment Charges	2% flat on the overdue amount (excluding applicable GST).
Bounce Charges	`450 per bounce.
Pre-closure Charges	Pre-closure of loan will attract a pre-payment penalty of 2 % p.a. of principal outstanding (excluding applicable GST).