HDFC Two Wheeler Loan Erode

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HDFC Two Wheeler Loan Erode

HDFC Two Wheeler Loan Erode

HDFC Bank is India’s leading private banks. The bank is extremely popular amongst its customers for their services like quick loan disbursal, hassle-free services, and credibility. In the year 1994, the bank currently boasts of a wide network of 4,014 branches and 11,766 ATMs spread across the nation. The bank is offering a wide range of financial products and services.

What is Two Wheeler Loan?

A two-wheeler loan is a secured loan taken by the borrower to buy a bike/scooter of their choice with the two-wheeler as collateral. The purchase of two-wheelers will initially have the ownership under name of the banks, once the loan repayment has been done, a further bank will send a No Objection Certificate (NOC) which needs to be used by the borrower to convert the owner of the bike to your name

HDFC Two Wheeler Loan Erode

Whatever you want from a two wheeler loan is right here. Avail the benefits of up to 100% financing options, easy and fast disbursals, pocket-friendly rates, and a 5-minute eligibility check to round it off.

HDFC Two Wheeler Loan Erode

Erode is the 7TH largest South Indian city and located in Tamil Nadu. Two wheelers are the main source of transportation in Erode. To make it easily affordable for any individual banks are providing loans at low rate of interest.

If you are looking for two wheeler loan then read on.

Features of HDFC Two Wheeler Loan Erode:

As two-wheeler is easy and suitable for any individual. Following are the benefits of two wheeler loan:

  1. Margins: Money which you have to pay while purchasing the Two Wheeler will be the down payment, i.e. 30% of the total money.
  2. Extra costs covered: It covers up all the other cost.
  3. Tenure:  12 or 48 months will be given to the customer for the repayment and it gets extended to 5years.
  4. Credit score:  The credit score can be started with a boom with this type of loan by the individuals who are applying for a loan and also by those who are willing to buy a Two Wheeler for the first time.
  5. Interest Rates: The interest rate is 11.5% or more than that.

How to choose HDFC Two Wheeler Loan Erode?

  1. When choosing a two wheeler loan in Erode, a person needs to first analyze their income and expense to see how much they make and how much they spend each month.
  2. Next, he/she needs to check their credit score if they had taken loans before or if they own a credit card. If the credit score is low the person needs to improve it before applying for the loan to make sure they get the best offer.
  3. Then he/she needs to decide what bike they want. This because in two-wheeler loans there are separate criteria for superbikes and other bikes.
  4. After choosing the bike you need to decide how much you are going to pay and how much loan amount you are going to take. Never take a loan beyond your means. Choose a loan and EMI which you can pay comfortably.

HDFC Two Wheeler Loan Erode Interest Rates:

Annual Salary

Interest Rate

Less than 1 Lakh

11.70 % (Flat)

1 to 3 Lakh

10 % (Flat)

Above 3 Lakhs

8.5 % (Flat)

Eligibility for HDFC Two Wheeler Loan Erode

Details

Criteria

Age

Min 21 to  Max 65 years

Category of Employee

Self-employed and Salaried

Employment Terms

For self-employed 6 months, For salaried 1 year

Income

6000 for self-employed and 7000 for salaried

Credit Score

750

Documentation for HDFC Two Wheeler Loan Erode

Details

Criteria

Id Proof

Aadhaar Card/Voter Card/Pan Card/Passport size Photograph

Address Proof

Aadhaar Card/Voter Card/Pan Card/Bank Statement/Salary Slips/Electricity Bill

Employment proof (Salaried)

Offer Letter/ Salary slip/Bank Statement

Employment proof (Self-employed)

Source of income/Bank Statement

How to Apply for HDFC Two Wheeler Loan Erode

Quickly check it out this link www.dialabank.com  to see what offer we provide to our buyers.

And get the motorbike or scooter as you like

You need to submit the required documents

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