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Can I Get a Two-Wheeler Loan If I Don't Have a Bank Account?

A bank account is typically required for obtaining a two-wheeler loan. This is due to the following reasons:

  • Loan Disbursement: Financial institutions generally disburse the loan amount directly to a bank account.
  • Repayment Process: Monthly repayments are usually deducted from a bank account via EMIs.

If a bank account is unavailable, exploring alternative options or providing additional documentation may be necessary. Consulting with the financial institution can provide specific guidance and possible solutions.