What are the documents required for bike loan?

Hero Fincorp30 Mar, 2022Business

When you decide to purchase a bike model of your choice but are short on funds, a bike loan is a convenient option. One important thing that you should check during this process is your bike loan eligibility as all your efforts would get wasted if the lender rejects your loan application. Lenders go through several things like your repayment capacity, background, source of income, etc. as they want to avoid the risk of non-repayment. These eligibility criteria include a list of documents that the lenders consider as proof of your declaration. Missing documents or improper documents can also result in the rejection of your loan application. Read on to know about the documents required for bike loan.