Bank of Maharashtra Two Wheeler Loan

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Attractive Rate of Interest
Loan Approval in 4 Hours
Tenure Up to 48 Months
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Bank of Maharashtra Two Wheeler Loan Key Features

Bank of Maharashtra 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 ₹ 2,625
Minimum Net Monthly Income Salaried – ₹ 7,000, Self Employed – ₹ 6,000
Age Criteria 21 years to 65 years(At Loan Maturity)
Types of Vehicle For All New Two-Wheelers (Bikes, Superbikes, etc.)
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 Bank of Maharashtra Two Wheeler Loan

Bank of Maharashtra Bike Advance has gotten fundamental for a person to satisfy his fantasy about purchasing another bicycle at any expense with any monetary asset. The bank is giving an amazing chance by furnishing Bike Advances with Most minimal Loan costs and Reasonable EMIs.

Advantages of Bank of Maharashtra Two Wheeler Loan 

  1. Simple and bother freecycle
  2. Snappy Disbursal of Credit Sum
  3. Satisfy your needs by picking the Bike you love
  4. Alluring Pace of Interests
  5. Simple Reimbursement and Prepayment Technique.

Bank of Maharashtra 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 Bank of Maharashtra two-wheeler loan. The following are the main criteria’s:

  • The applicant should be of a minimum of 21 years aged and a maximum of 65 years aged to use for the loan.
  • If you’ve got a mean monthly income of Rs 7000 (salaried) and Rs 6000 (self-employed), you’re eligible for the Bank of Maharashtra two Wheeler loan.
  • Cibil Score features a direct impact on your eligibility for the loan. If you’ve got a high Cibil score, you’ll get the approval for the loan easily.

Bank of Maharashtra 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 (maximum)
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

Bank of Maharashtra 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

Bank of Maharashtra Two Wheeler Loan EMI Calculator

The applicant has the choice to understand the EMI’s before availing Bank of Maharashtra Two Wheeler Loan. Thus, you’ll easily check through the link given below:

Two Wheeler Loan EMI Calculator

Bank of Maharashtra Two Wheeler Loan Types

Bank of Maharashtra offers multiple sorts of loans to its customers and you’ve got the choice of selecting one among them as per your requirements. you’ve got the subsequent two options:

  • Two Wheeler Loan – If you would like to shop for a two-wheeler and need to finance it then Bank of Maharashtra has the simplest offer for you. you’ll avail this loan at a beautiful rate of interest of 12%.
  • Super Bike Two Wheeler Loan – If you’re getting to buy a Superbike and are trying to find funds, then this is often the simplest deal available for you at a beautiful rate of interest of 11.83%.

Bank of Maharashtra 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 Bank for Maharashtra Two Wheeler Loan

You can apply for Bank of Maharashtra Two Wheeler Loan online by visiting Dialabank’s digital platform than:

  1. Fill the essential form for 2 Wheeler Loan
  2. Please await a call from our Relationship Manager
  3. Get personalized assistance and choose the foremost suitable offer that supported your needs.
  4. Enjoy your Two Wheeler.

Bank of Maharashtra Two Wheeler Loan for Top Selling Bikes

Other Available Products from Bank of Maharashtra 

HDFC Personal Loan HDFC Gold Loan HDFC Home Loan
HDFC Credit Card HDFC Car Loan HDFC Education Loan

FAQs for Oriental Bank of Commerce Two Wheeler Loan

✅ What is Indian Overseas Bank Two Wheeler Loan?

✅ How can I get Two Wheeler Loan from Indian Overseas Bank?

✅ How does Indian Overseas Bank Two Wheeler Loan work?

✅ What is the Two Wheeler Loan Interest Rate in Indian Overseas Bank?

✅ How to check Two Wheeler Loan status in Indian Overseas Bank?

✅ How to calculate Two Wheeler Loan Interest in Indian Overseas Bank?

✅ What is the maximum loan amount I can avail on Two Wheeler Loan from Indian Overseas Bank?

✅ What is the loan tenure of Indian Overseas Bank Two Wheeler Loan?

✅ How much Processing Fee is applicable on Indian Overseas Bank Two Wheeler Loan?

✅ What are the EMI options available on Indian Overseas Bank Two Wheeler Loan?

✅ What are the charges for Prepayment in Indian Overseas Bank Two Wheeler Loan?

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

✅ Do I need to provide a guarantor to avail a Two Wheeler Loan from Indian Overseas Bank?

✅ How to get Indian Overseas Bank Two Wheeler Loan Statement?

✅ How to Pay Indian Overseas Bank Two Wheeler Loan Interest Online?

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

✅ How can I apply for EMI Moratorium on Indian Overseas Bank Two Wheeler Loan?

✅ What is the number for Indian Overseas Bank Two Wheeler Loan agent?

✅ Can I close Indian Overseas Bank Two Wheeler Loan online?

✅ What is Indian Overseas Bank Two Wheeler Loan Customer Care Number?

✅ How can I get NOC from Indian Overseas Bank for Two Wheeler Loan?

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