Central Bank of India Two Wheeler Loan

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Central Bank of India Two Wheeler Loan

Central Bank of India Two Wheeler Loan Key Features

Central Bank of India 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

Apply for Two Wheeler Loans from the Central Bank of India

Get two-wheeler loans from the Central Bank of India at attractive interest rates of 10.45% onwards with the simple and hassle-free loan process. You just need to submit your occupation type, mobile number and current residence PIN code at piasabazaar.com. Further, once you select the vehicle manufacturer, model and loan amount, a code is generated that you need to provide to the

About Central Bank of India Two Wheeler Loan

Central Bank of India two Wheeler mortgage has come to be crucial for a man or woman to fulfil his dream of buying a brand new motorcycle at any value with any monetary resource. The central bank of India is supplying the opportunity of a lifetime with the aid of offering two-wheeler loan best offers with Lowest interest costs & low-cost EMIs.

Advantages of Central Bank of India Two Wheeler Loan 

  1. Smooth and hassleloose procedure.
  2. Short Disbursal of the loan quantity.
  3. Fulfil your wants by choosing the 2 Wheeler you adore.
  4. The attractive price of hobbies.
  5. Clean reimbursement and Prepayment method.

Central Bank of India Two Wheeler Loan Eligibility

Your ability to pay off the mortgage is the most important element in determining whether you’ll be eligible or now not for the Central Bank of India two-wheeler loanThe subsequent are the principal criteria’s:

  1. The applicant has to be at least 21 years of age and a maximum of sixty-five years of age to apply for the loan.
  2. When you have a median month-to-month income of Rs 7000 (salaried) and Rs 6000 (self-employed), you’re eligible for the HDFC two Wheeler mortgage.
  3. Cibil score has a direct impact on your two-wheeler loan eligibilityWhen you have an excessive Cibil scoreyou could get acclaim for the mortgage without problems.

Central Bank of India 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
Prepayment 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

Central Bank of India Two Wheeler Loan Documents Required

Salaried Individual

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

Self-Employed Individual

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

Central Bank of India Two Wheeler Loan EMI Calculator

The applicant has the option to recognize the EMI’s earlier than availing Central Bank of India two Wheeler loans. As a result, you could effortlessly test through the hyperlink underneath:

Two Wheeler Loan EMI Calculator

Central Bank of India Two Wheeler Loan Types

Central Bank of India’s financial institution gives more than one type of loan to its customers, and you have the choice of selecting considered one of them in keeping with your requirementsYou’ve got the following two options:

  • Wheeler mortgage – in case you desire to buy a -wheeler and want to finance it then the Central Bank of India has the fine offer for you. You could avail of this loan at an appealing two-wheeler loan interest rate of 12%.
  • Terrific motorcycle two Wheeler mortgage – if you’re planning to buy a Superbike and are searching out funds, then that is the pleasant deal available for you at an appealing interest charge of 11.83%.

Central Bank of India 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

Factors Affecting Two-wheeler Loan Application

The factors affecting the two-wheeler loan applications are :

  • Interest rates offered by the banks
  • Eligibility criteria of the loan application
  • Credit score for the two-wheeler loan
  • The type of loan is also one of the most important factors for applying two-wheeler loan application.
  • Employment type is also important for two-wheeler loans.

Compare Bike Loan Interest Rates of Central Bank of India with other banks

The interest rates for the Central Bank of India Two-wheeler loans are 7.65%. The SBI has interest rates of 7.50%, and in HDFC, the interest rates are 7.75%. When compare the Central bank of India two-wheeler loan interest rates with the SBI, then the central bank of India has high-interest rates and when compare the central bank of India two-wheeler loan interest rates with the HDFC bank, then the HDFC bank has high-interest rates. In this way, the bike loans interest rates are compared with other banks.

How to Avail Two Wheeler Loan

You could observe for Central Bank of India financial institution Wheeler loan online via travelling Dialabank’s digital platform after which

  1. Fill the simple application shape for two Wheeler mortgage
  2. Please await a call from our courting supervisor
  3. Get customized assistance and pick out the most appropriate offer based on your needs
  4. Enjoy your Wheeler. 

Other Available Products from Central Bank of India 

Central Bank of India Personal Loan Central Bank of India Gold Loan Central Bank of India Home Loan
Central Bank of India Credit Card Central Bank of India Car Loan Central Bank Of Education Loan

FAQs for Central Bank of India Two Wheeler Loan

✅ What is the Central Bank of India Two Wheeler Loan?

Central Bank of India offers bike advances with moderate loan costs that start at 7.65% p.a. This makes it simpler to possess your fantasy bicycle with simple reimbursement residencies that go as long as 5 years. You can likewise expand your qualified credit sum by including co-candidates.

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

The candidate ought to be at least 18 years of age or above. A most extreme period of the candidate: The greatest age limit is 65 years to get bike advance from the Central Bank of India. Salaried and independently employed proficient ought to have the least pay of INR 120000 for each annum to get Corporation bank bike advance.

How does Central Bank Two Wheeler Loan work?

The candidate must be a salaried or independently employed individual and ought to be working for at any rate two years. You can get up to INR 10 Lakhs for the acquisition of a new vehicle. Security: Hypothecation of Two-Wheeler to be bought.

What is the Central Bank of India Two Wheeler Loan Interest Rate?

7.65% to 7.70% per annum

How to check Central Bank of India Two Wheeler Loan status?

An individual can check the advance status by calling the numbers 1800 22 1911 for any money related inquiries, including Personal Loans. You can likewise straightforwardly go to the branch you apply at to meet the official in control to know the status of your own credit application.

How to calculate Central Bank of India Two Wheeler Loan EMI?

Two Wheeler Loan EMI Calculator

What is the maximum loan amount I can avail myself of on a Central Bank of India Two Wheeler Loan?

The maximum loan amount is an average financial institution pay up to 90% of the loan.

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

Minimum 12 months. 

How much is the Processing Fee applicable on the Central Bank of India Two Wheeler Loan?

Preparing expense in the Central Bank of India is 0.50% of the expense of the vehicle Minimum of ₹ 2,000 and a Maximum of ₹ 20,000.

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

Prepayment charges are according to the bank.

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

No. 

Do I need to provide a guarantor to avail myself of a Two Wheeler Loan from Central Bank?

Yes, self-employed only.

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

On the off chance that the borrower picks to climb the EMI sum after the ban time frame is finished, at that point the EMI sum increments by Rs 1,004 to Rs 26,097 for the rest of the credit residency. In the event that he decides to build the advance residency to take care of the intrigue collected during the ban time frame, at that point, it will get reached out by a quarter of a year.

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

Look at which banks and NBFCs are asking their borrowers whether they need to benefit from the credit reimbursement ban, which are picking the default’ select in’ choice and which will offer the ban just if the borrower request it all alone. Send emails to request a ban if there should arise an occurrence of advance EMI.

What is Central Bank Two Wheeler Loan Customer Care Number?

Central bank loan customer care services can contact at 1800 110 001.

Central Bank of India Two wheeler Loans News Snippets

2021-07-05:

Two-wheeler Loans interest rates fall:
The two-wheeler loans have low-interest rates, and these interest rates are falling these days. As the loan applicants are increasing, the banks are decreasing the two-wheeler loans interest rates. So in this way, the interest rates of two-wheeler loans fall.

2021-06-27:

Central Bank of India two-wheeler loans:
The central bank of India provides two-wheeler loans, and these two-wheeler loans are based on various factors like interest rates, eligibility, Employment type and credit scores. Based on all these, only the central banks of India provides two-wheeler loans.

2021-06-03:

Two-wheeler loans repayment fears the lenders:
The two-wheeler loans repayment fears the lenders these days and these two-wheeler loans repayment are based on the interest rates of the banks. And in these banks, these repayment systems are helpful. But these two-wheeler loans repayment fears the lenders as many people are not repaying the loans.

2021-05-15:

Two-wheeler loans in banks:
Banks are offering two-wheeler loans, and these two-wheeler loans are based on various factors. The two-wheeler loans repayment is also necessary For the banks. In this way, two-wheeler loans are used in banks.

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