Can an 18-year-old apply for a two-wheeler loan online?

An 18-year-old can apply for a two-wheeler loan online, provided they meet certain eligibility requirements.

• Age: The minimum age requirement is typically 18 years. However, the minimum and maximum age requirements may differ with financial institutions.
• Co-applicant/Guarantor: A reliable co-applicant or guarantor is necessary since most 18-year-olds lack a stable income.
• Income Source: A steady income from the co-applicant or guarantor is required, as the student or young applicant may not have a regular income.

The online application process is straightforward:

• Visit the bank or Non-banking Financial Company’s (NBFC’s) website offering the loan.
• Fill out the loan application form with the required details.
• Submit documents like ID proof, address proof, and proof of income for the co-applicant.
• Wait for approval, which can take a few days.

Many banks and financial institutions provide quick online processing for two-wheeler loans. However, the loan amount, tenure, and interest rates may vary depending on the applicant's economic situation and the financial institution's policies.

Note: Approval depends on the lender’s criteria and eligibility requirements. Typically, loan terms and conditions may differ.