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How do I apply for a two-wheeler loan for business purposes?

The most convenient way to apply for a business two-wheeler loan nowadays is through online application:

  1. Check eligibility criteria on the lending institution’s website to ensure you meet all requirements.
  2. Gather soft copies of all documents required - business proofs, Know Your Customer (KYC) documents, bank statements, etc.
  3. Go to the lending institution’s/ loan provider’s website and locate the business loan/two-wheeler loan application form.
  4. Fill in all details in the online application - personal information, business details, loan amount, tenure etc.
  5. Upload soft copies of the required documents. Ensure all scans are clear and legible.
  6. E-sign the application form and submit it online by clicking on the submission button.
  7. The lending institution will process the application digitally and contact you if any further documents are needed.
  8. You will receive updates on loan approval and disbursal directly via email and SMS.
  9. In some cases, if the loan is approved, you may be asked to visit the branch once for final documentation and account activation.

Online application is quick, convenient and eliminates paperwork. Do compare digital application processes across lending institutions before applying online. Follow up regularly post submission for speedy processing.