The development of mobile technology has helped people do most of the banking online, without visiting a bank. Mobile apps have changed the way we handle money today. This includes paying bills, transferring funds and applying for a loan. With the introduction of mobile phone apps, smartphones are transformed to a comprehensive and fully-functional online bank.
The users can use the application for different needs such as payments and online shopping. Other than having the mobile platform for the above, the banks are now using it to lend money to their customers. For instance, IDFC FIRST Bank offers several financial solutions such as bike finance to their customers through a mobile loan app.
The IDFC FIRST Bank’s Loans App helps you with instant bike loans to buy a bike at reasonable interest rates. With a bank loan app, you can apply for a two-wheeler loan online and get approval instantly.
What are the steps involved in applying for a bike loan on a bank loan app?
Now you can buy your dream bike through the best loan app in India. Due to the sudden rise in the bike prices in India, people have to spend much money to own a bike. With the IDFC FIRST Bank’s Loans app, you can apply for an instant two-wheeler loan easily.
To avail a loan through the best loan app, it is mandatory to download the IDFC FIRST Bank Loans app. You can download the app from the Google Play Store or Apple App Store on your mobile phone and then, follow the steps
- Create an online account on the app using your User ID and Password provided by the bank
- Verify your mobile by entering your mobile number
- Once the verification process is completed by entering an OTP, fill in your personal details such as your name, address, date of birth, contact details, etc.
- Provide your current employment details and income details, along with adequate proof
- Choose the EMI schedule
- Upload the copies of your PAN Card, Aadhaar Card or Voter’s ID or Passport, and a passport-size photograph, as well as the required documents and get the approval immediately
The minimum age eligibility criteria for availing a motor bike loan is 21 years, and you should be an Indian citizen residing in India. You can get a loan amount up to 6 lakhs at a low interest rate.
What are the benefits of availing a bike loan through a loan app?
With the Instant Loans app, you can get a bike loan on easy EMIs. Some the best benefits of the app include:
- Easy calculation of EMIs
- Set up auto payment of EMIs
- Download loan statements
- Hassle-free documentation
- Check the loan account status
You can use the IDFC FIRST Bank bike loan EMI calculator to calculate your affordable EMI amount before applying for a loan. Based on your repaying capacity, you can choose the loan amount and schedule the EMIs.
You don’t have to wait now to own a two wheeler of your dream, download the IDFC FIRST Bank’s Loans app for easy bike loans at competitive interest rates.