Punjab and Sind Bank Two Wheeler Loan

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Punjab and Sind Bank Two Wheeler Loan

Punjab and Sind Bank Two Wheeler Loan Key Features

Punjab and Sind 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(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

About Punjab and Sind Bank Two Wheeler Loan

The two-wheeler and bike producing industry in the nation has seen radical improvement over the most recent ten years and it keeps on rising. Bikes in India understand a dominating piece of the nation. Despite the fact that it is a helpful and favoured method for transport, it is as yet not reachable for most of the white-collar class families to get one by following through on its entire cost in one time. Subsequently, bike advances give assistance here. However, even the individuals who can bear the cost of more than one vehicle decide on bikes to explore all through substantial city traffic.

 

Apply For Two Wheeler Loan

Advantages of Punjab and Sind Bank Two Wheeler LoanPunjab and Sind Bank Two Wheeler Loan

  1. Punjab and Sind Bank Two Wheeler Loan is permitted distinctly for bikes and not for recycled vehicles.
  2. Ascertain the pay of 10 months or INR 35,000/ – is the most extreme bike advance whole offered by City Union Bank.
  3. The client can include their life partner’s salary and make him/her as co-candidate, to meet the qualification standards as referenced previously
  4. The loan fee is 11.83 per cent
  5. Hypothecation of the bike to be purchased is kept as security/insurance.
  6. Along with the advance candidate, the accomplice or perhaps another person who satisfies the qualification models according to the Scheme to remain as co-candidate
  7. You are required to settle the credit in a most extreme timeframe of three years as EMIs.
  8. Comprehensive protection spread is to be obtained at the cost of the candidate according to the advance condition.
  9. The bank will charge preparing expenses at one per cent of the whole advance total in City Union Bank Two Wheeler Loan.
  10. The endorsed credit total will be dished out to the dealer/supplier legitimately.

Punjab and Sind Bank Two Wheeler Loan Eligibility

Bank gives assets to buying of bikes for example Bikes, Motor Cycles, Mopeds, and Battery-Operated Scooters and so forth of any model.

  1. The candidate ought to be in any event 21 years of age or above.
  2. The most extreme age limit is 65 years for bike advance from City Union Bank.
  3. The candidate must be salaried or can be an independently employed individual and ought to be working for in any event two years (three years).
  4. The client can get up to INR 350000 of financing on-street cost of the vehicle or multiple times of their month to month pay.
  5. The credit can be reimbursed inside a most extreme time of three years
  6. 10% of the negligible expense of the vehicle
  7. Hypothecation of Two-Wheeler to be bought.
  8. 1.25% of the credit sum handling expense is charged or at least INR 750.

Click here to know more about Two Wheeler Loan Eligibility 

Punjab and Sind 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

Punjab and Sind Bank Two Wheeler Loan Documents Required

1. Salaried Candidate

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 Customers

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

Click here to know more about Two Wheeler Loan Documents Required

Punjab and Sind Bank Two Wheeler Loan EMI Calculator

The borrower has the ability to learn the EMI’s prior to the use of City Union Bank Two Wheeler Loan. 
 
You can therefore quickly confirm through the link below:
 
 

Punjab and Sind Bank Two Wheeler Loan Types

Punjab and Sind Bank gives different sorts of credits to its customers and you’ll have the choice of choosing one of them as indicated by your requirements.

There are two choices –

Two Wheeler mortgage –

On the off chance that you need to buy a bike and need to back it, at that point Punjab and Sind Bank has the most noteworthy proposal for you.

You will utilize this advance at a sensible financing cost of 11.83%

Super Bike Two Wheeler Loan –

In the event that you’re thinking about purchasing a Superbike and are searching for cash, at that point this is the best offer accessible to you at a luring financing cost of 11.83 per cent.

Factors Affecting Two-wheeler Loan Application

The factors that affect two-wheeler loan application are Credit scores, Type of Loans, Eligibility and Interest rates.

Credit scores:

Credit scores are one of the most important things for availing Two-wheeler Loan Application. The credit score will directly impact the interest rates of your two-wheeler loan application. You should maintain a credit score between 700-750. The credit scores above 750 are useful for low interest rates.

Eligibility criteria:

The eligibility criteria play an important role in the Two-wheeler loan application. If you don’t eligible for the two-wheeler loan then you can’t apply for the loan.

Type of the Loan

The type of loan plays an important role in the two-wheeler application. You should select the type of loan which you want in the application.

Interest rates:

Your interest rates are majorly dependent on the credit scores. These interest rates are low for many banks.

Punjab and Sind 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

Compare Bike Loan Interest rates of Punjab and Sind bank with other banks

The interest rates for Punjab and Sind Bank is 11.85%-12.60%. and SBI has interest rates of 7.50%. And in HDFC Bank the interest rates is 7.95%. For Punjab National Bank compared with SBI, Punjab National Bank has High-interest rates and Compared with HDFC also the Punjab National Bank has high interest rates.

How to Avail Two Wheeler Loan

Clients can enlist for Punjab and Sind Bank Two Wheeler Loan on the web or visit the Dialabank Digital Platform and afterwards do the following:

  1. Fill out the standard application form for two-wheeler loans
  2. Persistently hold for our Partnership Manager to call. Or then again you can get in touch with us at 9878981166
  3. Get customized assistance and select the most appropriate deal depending on your needs.

Punjab and Sind Bank Two Wheeler Loan for Top Selling Bikes

Other Available Products from Punjab and Sind Bank 

Punjab and Sind Bank Personal Loan Punjab and Sind Bank Education Loan Punjab and Sind bank LAP
Punjab and Sind Bank Gold Loan Punjab and Sind Bank Two Wheeler Loan Punjab and Sind Bank Home Loan

FAQs for Punjab and Sind Bank Two Wheeler Loan

✅ What is Punjab and Sind Bank Two Wheeler Loan?

Punjab and Sind Bank bike Loan online is an instant loan to qualifying customers who are looking to fund their vehicle offered by Punjab and Sind Bank. Customers on their two-wheeler will get up to 100 per cent financing and can get the loan at affordable interest rates.

✅ How can I get a Two Wheeler Loan from Punjab and Sind Bank

You can visit us at Dialabank to take advantage of a Two Wheeler Loan from Punjab and Sind Bank and we will assist you in the loan process with every detail.

✅ How does Punjab and Sind Bank Two Wheeler Loan work?

Customers need to visit and apply for the loan on the Punjab and Sind Bank website. Within a day, the request will be addressed, the customer will then be asked to apply their documentation and their loan will soon be accepted or denied depending on their profile.

✅ What is the Two Wheeler Loan interest rate in Punjab and Sind Bank?

Interest rates in Punjab and Sind Bank Two Wheeler Loan for New Vehicles 10.00% and for Old Vehicles 12.75%.

✅ How to check Two Wheeler Loan status in Punjab and Sind Bank?

There are many options by which clients can verify the status of their loan.

  • Visiting the Bank’s Branch Office.
  • Online status check on the Bank’s website
  • Contacting customer care.

✅ How to calculate Two Wheeler Loan interest in Punjab and Sind Bank?

Visit Dialabank to calculate your Punjab and Sind Bank Two Wheeler Loan interest rate.

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

On an average the financial institution pays up to 90% of the loan.

✅ What is the Loan tenure of Punjab and Sind Bank Two Wheeler Loan?

The minimum loan tenure is 12 months and the maximum loan tenure is 60 months.

✅ Can I get 100% Two Wheeler Loan from Punjab and Sind Bank?

No, Punjab and Sind Bank can only fund for the 90% of the on-road price of the vehicle.

✅ How much processing fee is applicable on Punjab and Sind Bank Two Wheeler Loan?

The processing fee is 0.25% on the loan amount, subject to minimum of Rs. 1000.00 and maximum no limit.

✅ What are the EMI options available on Punjab and Sind Bank Two Wheeler Loan?

Punjab and Sind 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)

✅ What are the charges for Prepayment in Punjab and Sind Bank Two Wheeler Loan?

No foreclosure fees/prepayment penalty for person (including sole ownership) borrowers. In the case of corporate borrowers’ loan takeover, prepayment charges @ 1% on unpaid balance balance

✅ Can I get a top-up loan on my existing Punjab and Sind 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 Punjab and Sind Bank?

The Two Wheeler Loan does not need a guarantor in most situations. However, a guarantor may be needed if any requirements are not met.

✅ How to get Punjab and Sind Bank Two Wheeler Loan Statement?

  • Visit the Punjab and Sind 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 Punjab and Sind Bank Two Wheeler Loan Interest Online?

The interest rate can be paid by clients on the website of Punjab and Sind Bank. To do so in order to

  • Visit the site of Punjab and Sind Bank, login, enter the amount and choose your bank.
  • Log in to Net Banking, the website of your bank.
  • Payment Confirm.
  • Obtain Confirmation.

✅ What if I can’t pay the interest on Punjab and Sind Bank Two Wheeler Loan for 3 months?

In the event that they fail to pay interest for 3 months, Punjab and Sind Bank offers customers the opportunity to apply for a moratorium.

✅ How can I apply for EMI Moratorium on Punjab and Sind Bank Two Wheeler Loan?

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

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

✅ What is the number for Punjab and Sind Bank Two Wheeler Loan agent?

We at Dialabank are eager to provide you with assistance for the Two Wheeler Loan Corporation. You can contact us at 9878981166.

✅ Can I close Punjab and Sind Bank Two Wheeler Loan online?

There are multiple ways through which you can close the Punjab and Sind 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 Punjab and Sind Bank Two Wheeler Loan Customer Care Number?

You can dial the toll-free number 1800 419 8300 to contact customer care for all your queries.

✅ How can I get NOC from Punjab and Sind Bank for Two Wheeler Loan?

The bank will issue a NOC within 3 working days once your loan is closed and send it to your registered email ID. As per the customer’s demand, a physical copy of the NOC may also be released.

Punjab and Sind Bank News Snippets

Punjab and Sind Bank offers low-interest rates on Two wheeler Loans

The Punjab National Bank is offering low-interest rates on two-wheeler loans and these two-wheeler loans are used for various benefits. You can avail of two-wheeler loans by using various methods.

So in this way Punjab national bank is offering low interest rates.

Two-wheeler loans decrement in Banks

The two-wheeler loans are decreasing these days and these two-wheeler loans are used for various availing of two-wheelers. In these two-wheelers, the loans are decreased in banks.

In this way, two-wheeler loans are decreasing these days.

Unsecured two-wheeler loans may ease banks

Banks ease these unsecured two-wheeler loans and these two-wheeler loans are used for various benefits. For availing of these two-wheeler loans, you need to use many benefits. 

So in this way, the two-wheeler loans may ease banks.

The loan amount decreased by 18%

The loan amounts in the banks are decreased by 18%. And by using these loan amounts many two-wheeler loans are decreased by 18%. The two-wheeler loans are also decreased by 18%. As these loans are in high demand now they are decreasing vastly.

 

 

 

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