DCB Bank Two Wheeler Loan

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DCB Bank Two Wheeler Loan

DCB Bank Two Wheeler Loan Key Features

DCB 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 ₹ 2,625
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 DCB Bank Two Wheeler Loan

DCB Bank Two Wheeler Loan has now considered an essential loan for people who want to buy their dream bike at any cost with any financial assistance. DCB Bank is helping people by providing them with a lifetime opportunity of Two Wheeler Loans with manageable Interest Rates & affordable EMIs.

Apply For Two Wheeler Loan

Advantages of DCB Bank Two Wheeler Loan 

  1. It is easy to apply.
  2. Fast sanctioning of Loan Amount.
  3. Conquer your dream of buying the Two Wheeler you love.DCB Bank Two Wheeler Loan
  4. Affordable Interest Rates for customers.
  5. Easy Payment and Prepayment Method.

DCB Bank Two Wheeler Loan Eligibility

The ability of the customer to repay the loan amount is considered as the biggest factor in deciding whether the customer is eligible for the DCB bank two-wheeler loan. The following are the major criteria’s: 

  • The applicant’s age should not be less than 21 years and not more than 65 years to be eligible for applying for the loan. 
  • Applicants having an average monthly income of Rs 7000 (salaried) and Rs 6000 (self-employed) are eligible for the DCB bank two Wheeler loan.
  • CIBIL Score plays a major role in deciding the eligibility of the customer for the loan. Having a high Cibil score will improve the chances of getting the approval for the loan easily.Click here to know more about Two Wheeler Loan Eligibility

DCB 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 (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

To check Two Wheeler Loan Interest Rate for all major banks you can visit: Two Wheeler Loan Interest Rate

DCB Bank Two Wheeler Loan Documents Required

Click here to know more about 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

DCB Bank Two Wheeler Loan EMI Calculator

The applicants are given the option to know the EMI’s before applying for DCB Two Wheeler Loan. Thus, users can easily check through the link below:

Two Wheeler Loan EMI Calculator

Compare Bike Loan Interest rates of DCB Bank with other banks

The interest rates for the DCB Bank is 11.60%. In SBI the interest rates are 7.50% and for HDFC Bank the interest rates are 7.75%. When comparing the DCB Bank with SBI Bank the DCB Bank has high-interest rates and when compared DCB Bank with HDFC Bank the interest rates is of increasing.

Factors Affecting Two Wheeler Loans

There are many factors that affect two-wheeler loans. These factors include a lot of things like interest rates, income, type of loan, employment and many other things. These factors are very useful for two-wheeler loans. And in two-wheeler loans, the interest rates charged are most important and the employment type is also important.

DCB Bank Two Wheeler Loan Types

DCB Bank offers the users multiple types of loans and the customers have the option of choosing one of them as per their requirements. Customers can choose from the following two options:

  1. Two Wheeler Loan – If the customer wishes to buy a two-wheeler and wants to finance it then DCB bank has the best offer. The interest rate offered on this loan is 12%.
  2. Super Bike Two Wheeler Loan – If someone aspires to buy a Superbike and are lacking some funds, then they have the option to go for this deal available at an attractive interest rate of 11.83%.

DCB 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 Avail Two Wheeler Loan

To apply for DCB Bank Two Wheeler Loan online, visit Dialabank’s digital platform: 

  1. You need to fill a basic Application Form for Two Wheeler Loan.
  2. Our Relationship Manager will reach out to you very soon.
  3. Get personalised help to choose the most suitable offer available according to your needs. 
  4. Get an instant loan for your dream Two Wheeler. 

DCB Bank Two Wheeler Loan for Top Selling Bikes

Other Available Products from DCB Bank 

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

FAQs for DCB Bank Two Wheeler Loan

✅ What is DCB Bank Two Wheeler Loan?

DCB Bank Two Wheeler Bank is made for customers who want to purchase new/used Two-Wheelers i.e. Scooters, Motor Cycles, etc. of any brand and model. This loan is generally availed by the middle-class people of society like salaried class, small businessmen, self-employed, etc.

✅ How can I get a Two Wheeler Loan from DCB Bank? 

To get a Two Wheeler Loan From DCB Bank customers needs to match the following conditions

  • Minimum age: 18 years.
  • Students with father or mother or spouse as co-borrower.
  • Maximum age at loan maturity:  65 years.
  • A valid driving license.
  • Minimum Net Annual Income criteria as per bank rules.

You can also visit Dialabank to get assistance to apply for the DCB Bank Two Wheeler Loan.

✅ How does DCB Two Wheeler Loan work?

Customers need to visit the bank website or branch office and submit the following

  • Duly filled up and signed two-wheeler loan application form along with photographs.
  • KYC documents.
  • Identity Proofs- Passport, Voter ID card, Driving license, PAN card, Aadhar Card, Government department ID card
  • Income Proof- Income Tax Returns of 2 previous financial years (for other than salaried individuals)
  • Bank Statement or Bank Pass Book of having entries of the last 6 months
  • Address Proof – Bank account statement, Latest electricity bill, Latest mobile/telephone bill.
  • Age Proof- Mark sheets, pass certificates of S.S.C., H.S.C, Degree courses (Optional)
  • Signature Verification (Optional)

✅ What is the Two Wheeler Loan interest rate in DCB Bank?

DCB Bank offers interest for Two Wheeler Loan between 11.50% to 19.19%. The interest rates are expected to fluctuate depending upon the loan factors.

✅ How to check Two Wheeler Loan status in DCB Bank?

To check the loan status you can do any of the following:

  • Visit the Bank’s Branch Office.
  • Check online on the Bank’s website.
  • Contact customer care.

✅ How to calculate the Two Wheeler Loan interest in DCB Bank?

To calculate the interest rate for DCB Bank Two Wheeler Loan visit Dialabank.

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

DCB Bank offers to pay approximately pay 85% of the on-road price of the Two Wheeler. The maximum amount allowed for a two-wheeler loan Rs 1 Lakh.

✅ What is the Loan tenure of DCB Bank Two Wheeler Loan?

Minimum – 12 Months.

Maximum – 36 Months.

✅ Can I get 100% Two Wheeler Loan from DCB Bank?

Customers can get 100% funding for their vehicle for some specific models but in most cases, DCB Bank can only fund for 85% of the on-road price of the vehicle.

✅ How much processing fee is applicable to DCB Bank Two Wheeler Loan?

DCB Bank charges a Processing Fee of 0.50% of the total loan amount or a minimum of Rs.500.

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

A maximum of 36 EMIs is allowed in the case of Used Two-Wheeler Loan.

Customers can pay the EMIs through two modes.

  1. Online Payment
  2. Post-dated cheques (PDCs)

Online payment is one of the safest and easiest modes of payment as the customer needs not to submit PDCs in a timely manner.

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

DCB Bank does not charge any fee for the prepayment of the loan.

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

Yes, you can get a new loan on your existing Two wheeler loan. The EMIs will be calculated according to the total amount of both the loans. You can also choose to keep the EMIs separate.

✅ Do I need to provide a guarantor to avail of a Two Wheeler Loan from DCB Bank?

  • Primary: Hypothecation of two-wheeler to be purchased.
  • Collateral: Third party guarantee of one person with sound income (optional- depends upon bank).

✅ How to get DCB Two Wheeler Loan Statement?

  • Visit the DCB Bank website and log in from your account
  • Check the loan status and download the statement
  • The statement can also be downloaded through a mobile application

✅ How to Pay DCB Bank Two Wheeler Loan Interest Online?

Customers can pay the interest amount on the DCB website. To do so

  • Visit the DCB Bank site, log in, enter the amount, and select your bank.
  • Login to Your Bank’s Website Net Banking.
  • Confirm Payment.
  • Receive Confirmation.

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

DCB Bank provides the customers with the option to go for a moratorium in case they fail to pay interest for 3 months.

✅ How can I apply for EMI Moratorium on DCB Two Wheeler Loan?

Customers can apply for the EMI moratorium by contacting the bank.

  • SMS or e-mail.
  • DCB Bank’s website.
  • Visiting the nearest bank branch.

✅ What is the number for the DCB Two Wheeler Loan agent?

Dialabank representatives are keen to provide you assistance for DCB Two Wheeler Loan, you can reach out to us at 9878981166.

✅ Can I close DCB Two Wheeler Loan online?

There are multiple ways through which you can close the DCB Bank Two Wheeler Loan:

  1. Go to the bank website and apply for loan closure.
  2. Apply for loan closure through the mobile application.
  3. Visit the nearby bank branch.

✅ What is DCB Two Wheeler Loan Customer Care Number?

DCB Bank Customer Care representatives can be contacted at 1800 209 5363.

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

Once your loan is closed, the bank will issue a NOC within 3 working days and send it on your registered Email Id. A physical copy of the NOC can also be issued as per the customer’s demand.

DCB Bank Two wheeler Loans News Snippets

2021-08-15:

DCB Banks interest rates increases:
The DCB Bank increases the interest rates and these interest rates are based on various factors like credit scores, and various other things. The interest rates are also increasing these days.

2021-07-27:

Two-wheeler Loans interest rates declined:
The interest rates for two-wheeler loans are declined these days and these interest rates are used in the income of the employment types. So use all these income types in the two-wheelers.

2021-07-04:

Banks lose the two-wheeler loans:
The two-wheeler loans for these banks are losing these days. And these interest rates are based on various other credit scores too. These credit scores are between 700-750. so use above 750.

2021-06-22:

Banks use the credit scores for two-wheeler loans:
The banks are using these credit scores for two-wheeler loans and these two-wheeler loans are used for various interest rates and you can use these credit scores for interest rates.

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