Axis Bank Two Wheeler Loan

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Attractive Rate of Interest
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Tenure Up to 48 Months
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Axis Bank Two Wheeler Loan Features

Axis Bank Two Wheeler Loan Interest Rate 11.83%* per annum
Min Loan Amount ₹ 10,000
Max Loan Amount
(Loan to Value)
Loan up to 90% of On Road Price
or 100% of Ex-showroom Price
Loan Tenure 1 year to 4 years
Lowest EMI / Lac ₹ 2,656
Minimum Net Monthly Income Salaried – ₹ 7,000, Self Employed – ₹ 6,000
Age Criteria 21 years(At Application) to 65 years(At Loan Maturity)
Types of Vehicle For All Two-Wheelers (Bikes, Superbikes, etc.)
Axis Bank two Wheeler Loan Processing Fee Up to 3% of the Loan Amount
Foreclosure Charges 3% – 10% Based on the time of foreclosure ( Foreclosure not allowed during the first 3 months)
Basic Documentation ID Proof, Address Proof, Bank Statement

About Axis Bank Two Wheeler Loan

Axis Bank Two Wheeler Loan has gotten basic for a person to satisfy his fantasy about purchasing another bicycle at any expense with any monetary asset. Axis Bank is giving an amazing chance by giving Two Wheeler Loans Lowest Interest Rates and Affordable EMIs.

Advantages of Axis Bank Two Wheeler LoanAxis Bank Two Wheeler Loan

  1. Simple and bother free procedure
  2. Quick Disbursal of Loan Amount
  3. Satisfy your needs by picking the Two Wheeler you love
  4. Alluring Rate of Interests
  5. Simple Repayment and Prepayment Method.

Axis Bank Two Wheeler Loan Eligibility

Your capacity to reimburse the credit is the greatest factor in choosing whether you’ll be qualified or not for the Axis Bank Two Wheeler Loan advance. Coming up next are the major criteria’s:

  1. The candidate ought to be at any rate 21 years old and a limit of 65 years old to apply for the credit.
  2. In the event that you have a normal month to month pay of Rs 7000 (salaried) and Rs 6000 (independently employed), you’re qualified for the Axis bike advance.
  3. Cibil Score directly affects your qualification for the advance. On the off chance that you have a high Cibil score, you can get the endorsement for the advance without any problem.

Axis Bank Two Wheeler Loan Interest Rate, Fees and Charges

Interest Rate Starts at 11.83% p.a.
Processing Fee Up to 3% of the Loan Amount
Prepayment Charges From 3% to 10% of the outstanding principal
Pre-payment charges Within 4 to 6 months – 10% of principal outstanding
Within 7 to 12 months – 6% of principal outstanding
13-24 months – 5% of principal outstanding
Post 24 months – 3% of principal outstanding
Prepayment is not allowed within three months of EMI repayment

Axis Bank Two Wheeler Loan Documents Required

1. Salaried Individual

Category Documents Required
Identity Proof(Any 1) Driving Licence
Aadhaar Card
Passport
Voter ID
Address Proof(Any 1) Driving Licence
Aadhaar Card
Passport
Voter ID
Compulsory Documents PAN Card
Bank Statement Bank statement of last 3 months

2. Self-Employed Individual

Category Documents Required
Identity Proof(Any 1) Driving Licence
Aadhaar Card
Passport
Voter ID
Address Proof(Any 1) Driving Licence
Aadhaar Card
Passport
Voter ID
Required Documents PAN Card
Bank Statement Bank statement of last 3 months

Axis Bank Two Wheeler Loan EMI Calculator

The candidate has the choice to evaluate the EMI’s before profiting Axis Bank Two Wheeler Loans

Two Wheeler Loan EMI Calculator

Axis Bank Two Wheeler Loan Types

Axis Bank offers various sorts of advances to its clients and you have the choice of picking one of them according to your prerequisites. You have the accompanying two alternatives:

  • Bike Loan – If you wish to purchase a bike and wish to fund it then Axis has the best proposal for you. You can profit this advance at an appealing loan cost of 11.83%.
  • Super Bike Two Wheeler Loan – If you’re intending to purchase a Superbike and are searching for reserves, at that point this is the best arrangement accessible for you at an alluring financing cost of 11.83%.

Axis Bank Two Wheeler Loan Pre Calculated EMI

Rate 4 yrs 3 yrs 2 yrs 1 yr
11.83% 2625 3313 4699 8876
12.00% 2633 3321 4707 8884
12.50% 2658 3345 4730 8908
13.00% 2682 3369 4754 8931
13.50% 2707 3393 4777 8955
14.00% 2732 3417 4801 8978
14.50% 2757 3442 4824 9002
15.00% 2783 3466 4848 9025
15.50% 2808 3491 4872 9049
16.00% 2834 3515 4896 9073
16.50% 2859 3540 4920 9096
17.00% 2885 3565 4944 9120

How to Apply for Axis Bank Two Wheeler Loan

  • You can apply for Axis Bank Two Wheeler Loan online by visiting Dialabank‘s computerized stage and afterwards:
  • Fill the fundamental Application Form for Two Wheeler Loan
  • If it’s not too much trouble sit tight for a call from our Relationship Manager through 9878981166
  • Get customized help and pick the most appropriate offer dependent on your requirements.
  • Make the most of your Two Wheeler.

Axis Bank Two Wheeler Loan for Top Selling Bikes

Other Available Products from Axis Bank

Axis Bank Personal Loan Axis Bank Gold Loan Axis Bank Home Loan
Axis Bank Credit Card Axis Bank Two Wheeler Loan Axis Bank Education Loan

 

FAQs for Axis Bank Two Wheeler Loan

What is Axis Bank Two Wheeler Loan?

Axis Bank Two Wheeler Loan encourages you to buy a cruiser or a bike of your decision and pay for it in equated monthly installments (EMIs). Bike loans are accessible for both salaried and independently employed people.

✅ How can I get Two Wheeler Loan from Axis Bank?

You can apply for Two Wheeler Loans in two different ways:

On the web: You can apply for TWLs online which practically all the banks and NBFCs offer. They likewise offer EMI adding machines that you can use to compute your EMI sum for every month. 

Disconnected: You can legitimately approach any branch of any bank or NBFC and meet their agent to apply for an advance. Here you could arrange your advance rate and tenure. 

How does Axis Bank Two Wheeler Loan work?

Two Wheeler Loan is generally simpler to acquire and their installments are not very burdening. It has gotten simple to get a bike and pay off the credit.

Individuals who have the accounts to pay for the bicycle in a solitary installment likewise go for bike advances. They see that by paying the credit in regularly scheduled payments they can use the assets they have in different speculations that make them cash.

Additionally, they keep on utilizing the bike while paying for it, where once the installment is done the proprietor can sell the bicycle and go for a fresher and better model as the bike’s expense is nearly lesser than vehicles.

What is the Two Wheeler Loan Interest Rate in Axis Bank?

The interest rate starts from 11.83% onwards based on your credit score and income criterion.

How to check Two Wheeler Loan status in Axis Bank?

  1. Visit Axis Bank’s official website. Click on the ‘Get in Touch’ section at the top right corner of the site. On the dropdown menu, click on the ‘Support’ option. On the next page, click on the ‘Track Your Application’ feature. On the next page, click on the ‘Credit Card and Loan Application’ section. This will direct you to the following page. Click on ‘Check Loan Application Status’and fill your details.

How to calculate Two Wheeler Loan Interest in Axis Bank?

Axis Bank Fixed deposit calculator will help you calculate how much rate of interest you can earn by investing in a loan for a fixed tenure. Simply provide the following information, and you can easily calculate interests. AN online FD calculator is used to determining the maturity amount by applying compound interest on a monthly, quarterly, half-yearly, or annual basis.

What is the maximum loan amount I can avail on Two Wheeler Loan from Axis BANK?

You can get up to 85% of financing on the on-road price of the vehicle and 8% additionally for invoiced accessories.

What is the loan tenure of Axis Bank Two Wheeler Loan?

TWL can be repaid within a maximum period of 48 months.

Can I get 100% Two Wheeler Loan from Axis Bank?

The customers can get up to 85% of the on-road price of the vehicle and 8% additionally on the invoiced accessories.

How much Processing Fee is applicable on Axis Bank Two Wheeler Loan?

Up to 3% of the Loan Amount will be charged for processing Axis Bank two-wheeler loan.

What are the EMI options available on Axis Bank Two Wheeler Loan?

Through its ‘Hello-EMI’ facility, Axis Bank offers its credit card customers an option to convert their outstanding credit card dues into equated monthly instalments (EMI). Credit card transactions above Rs.2500 can be converted into EMIs at an interest rate of 1.5% per month. Users can choose a tenure of 6, 9, 12, 18 or 24 months.

What are the charges for Prepayment in Axis Bank Two Wheeler Loan?

Not Applicable.

Can I get a top-up loan on my existing Axis Bank Two Wheeler Loan?

Existing Personal Loan Borrowers of Axis Bank can get top up on personal loan from Axis Bank if they have a regular repayment track record on their running personal loan from the bank. Top-up loans are available at similar interest rates as that on your existing personal loan.

Do I need to provide a guarantor to avail a Two Wheeler Loan from Axis Bank?

Yes, self-employed individuals need to provide a single guarantor with good credit score standing.

How to get Axis Bank Two Wheeler Loan Statement?

Schedule monthly E-statements and receive E-statement for personal banking right on your smartphone or laptop. You can also get instant access to your e-statements by logging on to the official website, internet banking or sending a simple SMS.

How to Pay Axis Bank Two Wheeler Loan Interest Online?

  • Click on ‘Make payments’ >> Loan Repayment >>Select ‘Axis bank’ >> Other Bank Net banking ->Enter the loan details.
  • The amount will be credited to your loan account within 3 working days.

What if I can’t pay the interest on Axis Bank Two Wheeler Loan for 3 months?

A Penal Interest of 2% pm is to be paid.

How can I apply for EMI Moratorium on Axis Bank Two Wheeler Loan?

  • Visit the Axis Bank Consent for Moratorium page. And enter your registered mobile number as per bank records.
  • On the subsequent page, enter the OTP (one time password) sent to your mobile.
  • Now you will be required to select the product and customer ID (if you have multiple). Then you can submit a moratorium request for your Two Wheeler Loan.

What is the number for Axis Bank Two Wheeler Loan agent?

You can contact Dialabank’s agents by ringing us on 9878981166

Can I close Axis Bank Two Wheeler Loan online?

You can’t close your Axis Bank account online. You have to visit your nearest branch in order to close your account. The very first step before closing your Axis Bank account is to withdraw all your money from the account.

What is Axis Bank Two Wheeler Loan Customer Care Number?

You can call on the number provided below:

1860-419-5555

How can I get NOC from Axis Bank Bank for Two Wheeler Loan?

In case the bike was bought through a loan, the financing bank will have to provide a NOC as well. The bike owner will have to submit his/her employment transfer letter, address proof, bike insurance, and other such documents as records.

 

 

 

 

 

 

 

 

 

 

 

 

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