IndusInd Two Wheeler Loan

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Tenure Up to 48 Months
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IndusInd Bank Two Wheeler Loan Key Features

IndusInd 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 IndusInd Bank Two Wheeler Loan

IndusInd Bank Two Wheeler Loan has now become a popular choice among the individuals aspiring to buy a new two-wheeler with the help of financial support. IndusInd Bank is tempting to provide the customers with a lifetime opportunity by of getting cash help through their Two Wheeler Loans with Lowest Interest Rates & Affordable EMIs.

Advantages of IndusInd Bank Two Wheeler Loan IndusInd Two Wheeler Loan

  1. Simple and uncomplicated process
  2. Instant Disbursal of Loan Amount
  3. Get your hands on your dream Two Wheeler.
  4. Manageable Interest Rates.
  5. Comfortable Repayment and Prepayment options.

IndusInd Bank Two Wheeler Loan Eligibility

Your potential to pay the loan instalments has a very big impact in deciding whether you’ll be eligible for the IndusInd Bank Loan or not. Here are the necessary conditions: 

  • The applicant is eligible for the loan only if he is of at least 21 years of age and a maximum of 65 years of age. 
  • If you have an average monthly income of Rs 7000 (salaried) and Rs 6000 (self-employed), then you can easily apply for the IndusInd Two Wheeler Loan.
  • CIBIL Score is a crucial criterion that directly impacts your eligibility for the loan. The chances of getting your application approved increases if you have a decent CIBIL score. 

IndusInd 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

IndusInd 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 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

IndusInd Bank Two Wheeler Loan EMI Calculator

The applicants are also provided with the option to get to know about EMI’s before they apply for the IndusInd Bank Two Wheeler Loan. Thus, to simply easily check it, go through the link below:

Two Wheeler Loan EMI Calculator

IndusInd Bank Two Wheeler Loan Types

IndusInd Bank is offering multiple kinds of loans to its customers according to their convenience. The customers are given the chance of choosing from the available options as per the requirement. The following two options are:

  1. Two Wheeler Loan – If the Customers are willing to buy a new two-wheeler and wishing to finance it through IndusInd Bank, then this is the best offer. This loan is offered at an attractive interest rate of 12%.
  2. Super Bike Two Wheeler Loan – Customers can also finance their new Superbike through the IndusInd bank loan, this loan provides you with an attractive interest rate of 11.83%.

IndusInd 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 IndusInd Two Wheeler Loan

To apply for IndusInd Bank Two Wheeler Loan simply visit the Dialabank’s digital platform and then : 

  1. Fill the Application Form with your details and enquire for the Two Wheeler Loan.
  2. Please wait and soon you will receive a call from our Relationship Manager.
  3. Get instant assistance and choose the most suitable offer from a wide range of loans. 
  4. Enjoy your new vehicle. 

IndusInd Bank Two Wheeler Loan for Top Selling Bikes

Other Available Products from IndusInd Bank 

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

FAQs for IndusInd Bank Two Wheeler Loan

✅ What is IndusInd Bank Two Wheeler Loan?

IndusInd Bank offers Two Wheeler Loan to aspiring customers who are seeking help to finance their Two Wheeler. IndusInd Bank provides customers with benefits which allow them to keep using their vehicle and gradually pay the loan amount in easy instalments (EMIs).  

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

Dialabank can help you apply for the IndusInd Bank Two Wheeler Loan and to get expert assistance with every detail of the loan process.

✅ How does IndusInd Two Wheeler Loan work?

  • Visit the IndusInd Bank website or branch office.
  • Complete the loan application form.
  • Attach 3 Passport size photographs
  • Submit Proof of Identity (Voters ID card/ Passport/ Driving licence/ IT PAN card)
  • Submit Proof of Residence (Telephone Bills/ Electricity Bill)
  • Wait for the response from the bank.

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

IndusInd bank Two Wheeler Loan interest rates start at 8.55% per annum and can go up to 12%. The rates are subject to surge depending upon the loan factors.

✅ How to check Two Wheeler Loan status in IndusInd?

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 Two Wheeler Loan interest in IndusInd Bank?

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

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

The institution can approximately pay 90% of the total price of the Two Wheeler. The minimum amount that can be loaned is Rs 20000.

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

Minimum – 12 Months.

Maximum – 60 Months.

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

IndusInd Bank can sanction a loan of up to 100% of the Ex-showroom price of the vehicle. However, the loan amount can go down to a maximum of 85% when the on-road price of the vehicle is considered.

✅ How much processing fee is applicable on IndusInd Bank Two Wheeler Loan?

IndusInd Bank charges a Processing Fee of 5% of the total loan amount issued.

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

IndusInd Bank allows the customers to pay the EMIs through three modes.

  1. Standing Instruction (S.I.)
  2. Post-dated cheques (PDCs)
  3. Electronic Clearing Service (ECS)

ECS and SI are considered as the safest and easiest modes of payment as the customer needs to submit a fresh set of PDCs in a timely manner.

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

IndusInd Bank charges 3%-10% of the principal outstanding amount on the prepayment of the loan. The charges can vary depending upon the time period left of the loan tenure.

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

In most of the cases, a guarantor is not required for the Two Wheeler Loan. However, if some conditions are not met a guarantor may be required.

✅ How to get IndusInd Two Wheeler Loan Statement?

  • Visit the IndusInd 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 IndusInd Bank Two Wheeler Loan Interest Online?

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

  • Visit the IndusInd 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 IndusInd Two Wheeler Loan for 3 months?

IndusInd 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 IndusInd Two Wheeler Loan?

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

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

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

Dialabank’s agents can provide you assistance for IndusInd Two Wheeler Loan, reach out us at 9878981166.

✅ Can I close IndusInd Two Wheeler Loan online?

There are multiple ways through which you can close the IndusInd 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 IndusInd Two Wheeler Loan Customer Care Number?

You can contact the IndusInd Customer Care representatives at 1800 209 0061 or 1860 500 5004.

✅ How can I get NOC from IndusInd 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.

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