The Kannur Dist. Ex-servicemen Multipurpose Co-op: Society Ltd. provides its customers with a wide range of facilities to meet their needs. Every facility has been meticulously planned and provided to ensure that they make the most of it. not to mention the efficiency with which these facilities are provided and implemented. Take a look at the services we provide:
Sukanya Vehicle Loan
The number of female bike supporters in Kerala has gradually increased in recent years. This is a positive development and a shining example of women’s empowerment. Riding motorcycles has always drawn individuals from all walks of life. There are several reasons for this, but the most compelling is the sensation of freedom that a motorcycle can provide to its rider. Women in Kerala are now embracing this concept and purchasing their dream motorcycles.
Traditional lenders’ generic bike loans have exorbitant interest rates. However, there are several non-traditional lenders, such as The Kannur Dist. Ex-servicemen Multipurpose Co-op: Society Ltd. We for example, provides low-interest loans to women who want to apply for a bike loan.
Longer Repayment Tenures
Traditional lenders often provide bike loans with terms ranging from 6 to 36 months. Women’s bike lending programs, on the other hand, have lengthier repayment terms. They might last up to 60 months!
Eligibility –
Most lenders in India who offer bike loans to women have the following eligibility criteria:
- The loan applicant must have worked for a firm for at least six months as an employee.
- Women entrepreneurs who have been in business for more than a year can qualify for a bike loan.
- Female students can also apply for a bike loan if their parent agrees to act as guarantor.
- The borrower must be at least 18 years old. The maximum age limit enforced varies from lender to lender.
Documents required for loan
Women who are either self-employed or are associated with a company would need to provide the following documents –
For more details, one should consult with their financial advisor.
- Identity proof
- Address proof
- Income proof which could be their bank statements, tax returns or salary slips and
- PAN Card.