What documents are required for a two-wheeler loan for salaried employees?

Here are the key documents typically required for salaried employees to avail of a two-wheeler loan:

• Identity Proof: Documents like Aadhaar card, PAN card, Voter ID, Driving License or Passport
• Address Proof: Documents like Passport, Driving Licence, recent Utility bills, Rent agreement
• Income Proof: The latest 3 months' salary slips, Form 16, and bank statements show salary credits
• Employment Proof: Experience letter from current employer, ID card copy. It should show at least 1 year of service
• Bank Details: Cancelled cheque and bank account statements for the last 6 months
• Know Your Customer (KYC) Documents: Photograph signature verification is needed
• Vehicle Documents: A copy of the Registration Certificate (RC) book and invoice copy for new vehicles
• Existing Loan Details: If any loan is being transferred or repaid via this loan
• Net Take Home Salary Proof: This is used to assess the loan eligibility amount
• Age Proof: Any ID proof showing date of birth
• Residence Proof: Documents evidencing residence of at least 1 year at the current location
• NOC from Co-applicant/Guarantor (If applicable)

Salaried applicants should ensure they provide all documents required by their loan provider for speedy processing and disbursal. It is also important to keep originals ready for verification.