RBL Bank Two Wheeler Loan

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RBL Bank Two Wheeler Loan Key Features

RBL 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 RBL Bank Two Wheeler Loan

RBL Bank Wheeler Loan is now becoming absolutely vital for private individual to achieve his goal of shopping with any money resource for replacement bike at any price. By providing Wheeler Loans with the lowest costs cheap EMIs, RBL Bank offers the chance of lifetime.

Advantages of RBL Bank Two Wheeler Loan 

  1. The system is easy and hassle-free. 
  2. Fast Amount of Credit loan disbursement. 
  3. Full your needs with the Two Wheeler you love 
  4. Great Interest Rate 
  5. Strategy for Quick Reimbursement and Prepaid.

RBL Bank Two Wheeler Loan Eligibility

Your willingness to repay the advance is the main factor when deciding whether or not you will be eligible for the two-wheeler RBL Bank loan. 
The main conditions of taking after are: 
  • The applicants must be of long age at least 21 and maximum of 65 long time to apply for the loan. 
  • Also on off chance of having normal month-to-month salary of Rs 7000 (salaried) and Rs 6000 (self-employed), you‘re qualified for two Wheeler credit to the Indian bank.
  • Cibil Score contains the effect of teamwork on the advanced certification.
  • When you’ve got tall Cibil rating, you can easily get the credit affirmation.

RBL 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

RBL 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

RBL Bank Two Wheeler Loan EMI Calculator

The individual has the alternate solution of understanding the recent benefit of Indian Two Wheeler Credit from the EMI some time back. 
Then you should be able to search effectively through the web application below:

Two Wheeler Loan EMI Calculator

RBL Bank Two Wheeler Loan Types

RBL 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 –If you’re unlikely to buy two-wheeler and want to fund it, then Indian Bank has the best deal for you. 
    You will benefit from this advance at an enticing 12 percent interest rate. 
  2. Super Bike Two Wheeler Loan –When you’re looking to purchase Superbike and you’re trying to locate shops, then the leading offer is usually open to you at an enticing, interested rate of 11.83 percent.

RBL 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 RBL 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 out the necessary Two Wheeler Loan application form. 
  2. Please hold onto our Relationship Manager for call. 
  3. Get personalized assistance and select the most suitable offer based on your needs. 
  4. Love your dual Wheeler.

RBL Bank Two Wheeler Loan for Top Selling Bikes

Other Available Products from RBL Bank 

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

FAQs for RBL Bank Two Wheeler Loan

✅ What is RBL Bank Two Wheeler Loan?

RBL bank bicycle advances are intended to offer the greatest advantage to the clients. This advance is likewise offered to candidates of all classes including ranchers, independently employed clients, and salaried candidates.

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

Salaried Individual. Classification. Records Required. Character Proof(Any 1) Driving License. Aadhaar Card. Visa. Voter ID. Address Proof(Any 1)

Independently employed Person. Classification. Records Required. Character Proof(Any 1) Driving License. Aadhaar Card. Visa. Voter ID. Address Proof(Any 1)

How does RBL Bank Two Wheeler Loan work?

The candidates must be of a long age at any rate 21 and the most extreme. Additionally, on the remote possibility of having a typical month-to-month pay of Rs 7000 (salaried) and Rs 6000 (independently employed), you’re equipped for bike credit to the Indian bank.

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

Starts at 11.83% p.a.

How to check Two Wheeler Loan status in Indian Overseas Bank?

An individual can check the credit status by calling the numbers 1800 123 8040 for any budgetary 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 credit application.

How to calculate Two Wheeler Loan Interest in RBL Bank?

To calculate Two Wheeler Loan Interest you must calculate Total payment (Principal + Interest).

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

Loan up to 90% of On Road Price or 100% of Ex-showroom Price.

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

Loan Tenure is 1 year to 4 years.

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

The processing fee is up to 3% of the Loan Amount.

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

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.

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

Yes, self salaried individuals need to provide a guarantor.

How to get RBL Bank Two Wheeler Loan Statement?

An individual can check the credit statement by calling the numbers 1800 123 8040 for any budgetary questions including Personal Loan. You can likewise straightforwardly go to the branch you apply at to meet the official in control to know the statement of your own credit application.

How to Pay RBL Bank Two Wheeler Loan Interest Online?

  1. Give your Credit Card Details. Enter your RBL Bank Credit Card number and the sum you might want to pay.
  2. Affirm Payment. Enter your verification subtleties (Net Banking User ID and Password of your Bank Account/Equivalent subtleties).
  3. Get online affirmation.

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

You can settle on the ban by tapping on the connection imparted to you by the Bank through (I) SMS or (ii) email. You may likewise visit RBL Bank’s site. According to RBI, the ban is for 3 EMIs.

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

In the event that you have any inquiry in regards to individual credits from the bank or might want to know your present advance status, you can connect with the bank utilizing the 24 x 7 helpline number 022 6115 6300.

Can I close RBL Bank Two Wheeler Loan online?

No, one cannot close their two-wheeler loan.

What is RBL Bank Two Wheeler Loan Customer Care Number?

24 x 7 helpline number 022 6115 6300.

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