Can NRIs apply for a two-wheeler loan online?

Yes, Non-resident Indians (NRIs) can apply for a two-wheeler loan online. Here's how:

• Eligibility: NRIs must meet the lender's basic requirements, such as age (usually between 21 and 59) and a steady income source.
• Online Application: Most financial institutions allow NRIs to apply for a two-wheeler loan through their websites. The process is digital, which makes it convenient for NRIs residing abroad.
• Documents Required: NRIs must upload their passports, visas, employment certificates, bank statements for Non-Resident Ordinary (NRO)/ Non-Resident External (NRE) accounts, and photographs. Some lenders may require additional documentation, like income statements.
• Co-applicant: In some cases, a co-applicant might be required to facilitate loan approval, especially if the applicant doesn't meet the financial criteria.
• Loan Processing: The lender processes the loan after the applicant submits the application and necessary documents online. In some cases, a Power of Attorney (PoA) may be required for someone in India to manage the application on the NRI’s behalf.

Note: Interest rates and terms can vary, so it's advisable to check the specific conditions of the loan provider.