Indian Bank Two Wheeler Loan

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Indian Bank Two Wheeler Loan Key Features

Indian 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 Indian Bank Two Wheeler Loan

Indian Bank 2 Wheeler Loan has become essential for a private to fulfil his dream of shopping for a replacement bike at any price with any money resource. Indian Bank is providing the chance of a lifespan by providing 2 Wheeler Loans with Lowest Interest Rates & cheap EMIs.

Advantages of Indian Bank Two Wheeler Loan 

  1. Simple and hassle-free process.
  2. Quick Disbursal of Credit Amount.
  3. Fulfil your needs by choosing the Two Wheeler you love
  4. Good Rate of Interests
  5. Easy Reimbursement and Prepayment Strategy.

Indian Bank Two Wheeler Loan Eligibility

Your capacity to reimburse the advance is the greatest calculate in choosing whether you’ll be qualified or not for the Indian Bank two-wheeler credit. The taking after is the major criteria’s:

  • The candidate ought to be of at slightest 21 a long time of age and a greatest of 65 a long time of age to apply for the loan.
  • On the off chance that you’ve gotnormal month to month wage of Rs 7000 (salaried) and Rs 6000 (self-employed), you’re qualified for the Indian bank two Wheeler credit.
  • Cibil Score includes a coordinate impact on your qualification for the advance. If you have got a tall Cibil score, you’ll be able to get the endorsement for the credit easily.

Indian 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

Indian 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 Person

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

Indian Bank Two Wheeler Loan EMI Calculator

The candidate has the alternative to know the EMI’s some time recently profiting Indian Two Wheeler CreditHenceyou’ll be able to effectively to check through the interface underneath:

Two Wheeler Loan EMI Calculator

Indian Bank Two Wheeler Loan Types

Indian Bank offers numerous sorts of advances to its clients and you’ve got the choice of choosing one of them as per your necessitiesYou’ve got the taking after two alternatives:

  1. Two Wheeler Credit – On the off chance that you want to purchase a two-wheeler and wish to finance it then Indian Bank has the most excellent offer for you. You’ll be able to profit this advance at an attractive interest rate of 12%.
  2. Super Bike Two Wheeler Loan – In case you’re arranging to purchase a Superbike and are trying to find storesat that point usually the leading bargain accessible for you at an appealing intrigued rate of 11.83%.

Indian 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 Indian Bank Two Wheeler Loan

You’ll be able to apply for Indian Bank Two Wheeler Loan online by going by Dialabank’s digital stage and after that :

  1. Fill the essential Application Shape for Two Wheeler Loan.
  2. Please hold up for a call from our Relationship Manager.
  3. Get personalized help and select the foremost appropriate offer based on your needs.
  4. Enjoy your Two Wheeler.

Indian Bank Two Wheeler Loan for Top Selling Bikes

Other Available Products from Indian Bank 

Indian Bank Personal Loan Indian Bank Gold Loan Indian Bank Home Loan
Indian Bank Credit Card Indian Bank Car Loan Indian Bank Education Loan

FAQs for Indian Bank Two Wheeler Loan

✅ What is Indian Bank Two Wheeler Loan?

Bike Loan EMI of the Indian Bank is a fixed sum that you pay every month towards the reimbursement of your bicycle advance till the finish of residency. The most minimal EMI offered by Indian Bank is ₹ 211 for every ten thousand advance sum at least a bike advance loan cost of 9.65%.

How can I get Two Wheeler Loan from Indian Bank?

Indian Bank gives the office of bicycle advance to the individuals who need to satisfy their fantasy about having their own 2 wheeler. There are a few highlights and advantages of taking car advance from Indian Bank:

  • Speedy handling with a simple endorsement
  • Serious estimating
  • Adaptable reimbursement alternatives

How does Indian Bank Two Wheeler Loan work?

Bike Loan EMI of the Indian Bank is a fixed sum that you pay every month towards the reimbursement of your bicycle credit till the finish of residency.

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

The Two Wheeler Loan Interest Rate in Indian Bank is 9.65%.

How to check Two Wheeler Loan status in Indian Bank?

An individual can check the credit status by contacting the numbers 1800 425 00 000/1800 425 4422 for any money-related questions including Personal Loan. You can likewise straightforwardly go to the branch you apply at to meet the official in control to know the status of your own advance application.

How to calculate Two Wheeler Loan Interest in Indian Bank?

EMI Calculator Indian Bank computes EMI utilizing underneath equation:
EMI Calculator Formula
Where P characterizes the chief credit sum,
r is the pace of intrigue every month [r= Rate of Annual Interest/(12*100)] furthermore, n is the residency of credit in months
Assume, Indian Bank gives you vehicle credit of Rs. 10,0000 at 9.65% for 60 months.
For this, r = 9.65/12*100 = 0.00804
At that point the month to month bicycle credit EMI of Indian Bank is 10,0000 *0.00804* (1+0.00804 )^60/([(1+0.00804)^ ]-1)
EMI = Rs. 211.

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

The maximum loan amount you can avail for Two Wheeler Loan is 10 lakhs.

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

The loan tenure of the Indian Bank Two Wheeler loan is 5 years.

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

Yes, you can get 100% Two Wheeler Loan from Indian Bank.

How much Processing Fee is applicable to Indian Bank Two Wheeler Loan?

3% Processing fee is applicable to Indian Bank Two Wheeler Loan.

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

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

NIL, there is no prepayment charges.

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

No, you cannot top-up loan on the existing Indian Bank Two Wheeler Loan.

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

How to get Indian Bank Two Wheeler Loan Statement?

Apply Online. You can purchase a bicycle on EMI in only a couple of moments.
Visit a bike business. You can likewise apply for a bicycle advance by visiting a bike business close to you.
Submit Documents. Our agent is accessible at the business to direct you in your advance application.
Brave on your bicycle or bike.

How to Pay Indian Bank Two Wheeler Loan Interest Online?

You pay Indian Two Wheeler Loan Interest online by logging on to their website.

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

In the event that you don’t reimburse your credit sum on schedule, the banks will be at risk to auction your bicycle to recuperate the lost obligation. Your CIBIL score will be affected adversely making it hard for you to profit of credits later on.

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

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

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

These are the numbers for Indian Bank Two Wheeler Loan Agent 1800 4250 0000 or 1800 425 4422 

Can I close Indian Bank Two Wheeler Loan online?

No, you cannot close a two-wheeler loan online.

What is Indian Bank Two Wheeler Loan Customer Care Number?

1800 4250 0000 or 1800 425 4422 

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

Workers of different save money with NOC from the business concerned. *For NRIs (people just), credit for the acquisition of 4 wheeler (to be utilized by his/her family in India) might be allowed depending upon the accompanying conditions: Minimum month to month pay ought to be identical to INR: 40000/ –

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