Karnataka Bank Two Wheeler Loan

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Karnataka Bank Two Wheeler Loan Key Features

SBI 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(At Application) 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

Karnataka Bank Two Wheeler Loan

Karnataka Bank Two Wheeler Loan has gotten basic for a person to satisfy his fantasy about purchasing another bike at any expense with any monetary asset. Karnataka Bank is giving a mind-blowing chance by giving Two Wheeler Loans Lowest Interest Rates and Affordable EMIs.

Advantages of Karnataka Bank Two Wheeler LoanKarnataka Bank Two Wheeler Loan

Bike Loan is an everyday need and has become a significant piece of our life. Numerous individuals need to visit better places, and they require a bicycle for that, as time is fundamental for us all. A large portion of the school going understudies need a cruiser, as here and their transports may not accessible at the timings of school. Here is the credit is given by Karnataka Bank for buying Two Wheelers at reasonable costs and simple Process.

  1. Appreciate the advantage of amazingly low preparing charges.
  2. Fast Disbursal of Loan Amount
  3. Adaptable EMI instalment alternative on any day of the month.
  4. Affordable Rate of Interests
  5. Simple Repayment and Prepayment Methods

Karnataka Bank Two Wheeler Loan Eligibility

Your capacity to reimburse the credit is the greatest factor in choosing whether you’ll be qualified or not for the Karnataka  bike advance. Coming up next are the significant rules:

  • A person between the age of 21 to 65 years can apply for the advance.
  • In the event that you have a normal month to month salary of Rs 7000, you’re qualified for the SBI bike advance.
  • Cibil Score directly affects your qualification for the advance. In the event that you have a low cibil score, the odds of your application being dismissed are high.

Karnataka 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

Karnataka 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

Karnataka Bank Two Wheeler Loan EMI Calculator

The candidate has the choice to realize the EMI’s before benefiting Karnataka Bank Two Wheeler Loan. Accordingly, you can without much of a stretch check through the connection underneath:

Two Wheeler Loan EMI Calculator

Karnataka Bank Two Wheeler Loan Types

Karnataka Bank offers different kinds of credits to its customers and you have the decision of picking one of them as per your requirements.

Bike Loan – If you wish to buy a bicycle and wish to back it then HDFC has the best proposition for you. You can profit this development at an engaging advance expense of 12%.

Super Bike Two Wheeler Loan – If you’re expecting to buy a Superbike and are looking for holds, by then this is the best course of action available for you at an appealing financing cost of 11.83%.

Karnataka 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 Karnataka Bank Two Wheeler Loan

  • You can apply for Karnataka Bank Two Wheeler Loan online by visiting Dialabank‘s online gateway.
  • Fill the  Application Form for Two Wheeler Loan
  • Our Relationship Managers will connect with you at 9878981166
  • Get tweaked help and pick the most proper offer reliant on your necessities.

Karnataka Bank Two Wheeler Loan for Top Selling Bikes

Other Available Products from Karnataka Bank

Karnataka Bank Personal Loan Karnataka Bank Gold Loan Karnataka Bank Home Loan
Karnataka Bank Credit Card Karnataka Bank Two Wheeler Loan Karnataka Bank Education Loan

FAQs for Karnataka Bank Two Wheeler Loan

What is Karnataka Bank Two Wheeler Loan?

Karnataka Bank gives the facility of bike loan to the people who want to fulfil their dream of having their own two-wheeler. Our two-wheeler loan gets you a motorcycle of your choice without having to worry about bearing the entire cost at once.

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

Karnataka Bank has started an online retail web portal ‘KBL Loan Junction’ to provide a platform to loan seekers where they can find out details of the loan. The portal allows applicants to check loan eligibility, apply for retail loans online, check the status of loan applications, use credit proposal tracking system, and get other updates related to a loan. Loan applicants can avail the facility of a loan application via email and SMS.

How does Karnataka Bank Two Wheeler Loan work?

Karnataka Bank Two Wheeler Loan has gotten basic for a person to satisfy his fantasy about purchasing another bike at any expense with any monetary asset. Karnataka Bank is giving a mind-blowing chance by giving Two Wheeler Loans Lowest Interest Rates and Affordable EMIs.

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

Karnataka Bank bike loan interest rates today are 13.85% to 13.85%.

How to check Two Wheeler Loan status in Karnataka Bank?

Visit Karnataka Bank’s KBL Loan Junction online to check your loan status.

How to calculate Two Wheeler Loan Interest in Karnataka Bank?

Karnataka Bank bike loan Interest rate calculator works on various inputs like:

  • Salary – Higher salary bracket individuals are offered loans at lower interest rates. Karnataka Bank auto loan rate varies with your net monthly income.
  • Employer category – Employer category of the borrower is a major deciding factor in order to determine his/her rate of interest. Karnataka Bank has a list of company categories of salaried individuals to which they avail two-wheeler loans. So, higher company category leads to a low rate of interest.
  • Type of two-wheeler – Karnataka Bank interest rate depends upon the type of bike you want to buy. If you have applied loan for a high-value two-wheeler, then the bank offers a low-interest rate on your two-wheeler.
  • Relationship with the Bank – Karnataka Bank offers special rates, offers and charges to the salary account holders of the bank. Those who have managed their accounts low Karnataka Bank two-wheeler interest rate.

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

Get loan up to 85% of the on-road price.

What is the loan tenure of Karnataka Bank Two-Wheeler Loan?

You can repay your bike loan from Karnataka Bank in a flexible period of a maximum of 5 years.

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

Karnataka Bank provides loans up to 100% for their account holders for some specific models.

How much Processing Fee is applicable on Karnataka Bank Two Wheeler Loan?

Karnataka Bank charges a processing fee of 0.25% of Loan Amount with Minimum Rs. 250 and Maximum Rs. 1000 with applicable service tax

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

Two-wheeler Loan EMI of Karnataka Bank is a fixed amount that you pay each month towards the repayment of your bike loan till the end of tenure. Lowest EMI offered by Karnataka Bank is ₹ 232 per ten thousand loan amount at the lowest two-wheeler loan interest rate of 13.85%

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

You can foreclose your two-wheeler loan from Karnataka Bank with Nil charges.

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

Customers can only apply if they have an existing relationship with the bank through a loan and a stipulated time has passed since the complete disbursement of the original loan amount.

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

Yes, a guarantor is required.

How to get Karnataka Bank Two Wheeler Loan Statement?

  1. Login to Karnataka Bank Internet Banking Account by using your Username and Password.
  2. Find Account Statements option.
  3. Download and get the Karnataka Bank Loan Statement

How to Pay Karnataka Bank Two Wheeler Loan Interest Online?

Karnataka Bank’s Internet Banking facility MoneyClick® lets you manage your finances in the comfort of your home or your office as per your convenience.

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

As a result of the moratorium, tenure of such loans will get extended by 3 months which should be possible as floating-rate loan contracts typically have a provision for extension of the loan tenure. Customers will also pay additional interest of 3 months on their current outstanding loan amount.

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

To know more about the moratorium option, you may contact Karnataka Bank customer care or its nearest branch.

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

You can contact Dialabank’s agents by ringing us on 9878981166

Can I close Karnataka Bank Two Wheeler Loan online?

You cannot close Karnataka Bank’s two-wheeler loan online.

What is Karnataka Bank Two Wheeler Loan Customer Care Number?

You can call on the number provided below:

1800 425 1444 

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

Basically, the procedure includes obtaining the No Objection Certificate (NOC) from the RTO where your two-wheeler is originally registered, shifting the vehicle physically from one place to another, and finally re-registering the vehicle in the city you are moving in.

 

 

 

 

 

 

 

 

 

 

 

 

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