South Indian Bank Two wheeler Loan

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Attractive Rate of Interest
Loan Approval in 4 Hours
Tenure Up to 48 Months
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South Indian Bank Two Wheeler Loan Key Features

South 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 – ₹ 8,000, Self Employed – ₹ 7,000
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 South Indian Bank Two Wheeler Loan

South Indian Bank Two Wheeler Mortgage has become important for an individual in their goal of buying new bike at any cost. South Indian Bank provides the opportunity for lifetime by providing two Wheeler loans with the least cost and attractive EMIs.

South Indian Bank Two Wheeler Loan Eligibility

The principal factor deciding whether or not you will be approved for two-wheeler South Indian Bank loan is your ample to repay the loan. 
The principal criteria are as follows:
  • The applicant to submit for loan will be at least 21 years old and a minimum of 65 years old. 
  • Unless you already have minimum average income of Rs 7000 (salaried) and Rs 6000 (self-employed), you are liable for Two Wheeler loan from South Indian Bank. 
  • Cibil Rating tends to have strong impact on your credit skills. 
  • If you have good Cibil ranking, you can get your approval for the loan effectively.

South 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

Advantages of South Indian Bank Two Wheeler Loan

  • Simple procedure and trouble-free 
  • Simple Loan Number Expenses 
  • Allow your wishes to come true by choosing the two-wheeler you love. 
  • Interest rate appealing 
  • Cost-effective form of exchange and direct debit.

South Indian Bank Two Wheeler Loan Documents Required

Individual wage earner:

Category Documents  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 the 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

South Indian Bank Two Wheeler Loan EMI Calculator

The creditor has the opportunity to know the EMI’s before using Two Wheeler Loan from South Indian bank. 
Thus you can clarify quickly by using the connection below:

South Indian Bank Two Wheeler Loan Types

South Indian Bank provides users with different lenders, and you’ll have the option of selecting one of them based on your needs. 
We listed two options: 
Two mortgages from Wheeler-
If you want to buy two-wheeler and want to fund it, then South Indian Bank will be giving you the best bid.
You will receive this loan at fair 12 percent interest rate. 
Super Bike Two Wheeler Loan- If you’re considering buying Superbike and looking for handout, then this is the best deal available to you at an attractive 11.83 percent interest rate.

South 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 South Indian Bank Two Wheeler Loan

Users can access online for South Indian Bank Two Wheeler Loan, or visit the Digital Portal of Dialabank, and then: 
  • Fill out the regular dos-wheeler loan application form 
  • Hang on quietly to contact our Relationship Coordinator. 
  • Get personalized assistance and pick the best offer to suit your needs. 
  • Cherish your Two Wheeler.

South Indian Bank Two Wheeler Loan for Top Selling Bikes

Other Available Products from South Indian Bank 

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

FAQs for South Indian Bank Two Wheeler Loan

✅ What is South Indian Bank Two Wheeler Loan?

South Indian Two Wheeler Loan is generally ordered into six, in view of the idea of target customers.

✅ How can I get Two Wheeler Loan from South Indian Bank?

  • Apply Online
  • Visit any South Indian Bank
  • Submit all the required documents
  • Brave on your bike.

How does South Indian Bank Two Wheeler Loan work?

The candidate must be a salaried or independently employed individual and ought to be working for in any event 1 year and live in the current living arrangement for 1 year. You can get up to 10 Lakhs for the acquisition of another vehicle. Residency: Loan can be reimbursed inside a most extreme time of 60 months.

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

Interest Rate starts at 11.83% p.a.

How to calculate Two Wheeler Loan Interest in South Indian Bank?

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

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

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

1 year to 4 years.

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

Up to 3% of the loan amount (maximum)

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

From 3% to 10% of the outstanding principal.

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

Yes, the top-up is allowed on for the existing individuals.

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

Yes, guarantor is required to avail of a two-wheeler loan.

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

If you fail to pay the interest on a two-wheeler loan for 3 months a certain percent of penalty will be applicable.

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

91-487-2420020

Can I close South Indian Bank Two Wheeler Loan online?

What is South Indian Bank Two Wheeler Loan Customer Care Number?

You can choose to call any one of these numbers +91-487-2420020, 2420058, 2420113, 2436666 

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

  1. NOC from South Indian Bank.
  2. No Objection Certificate must be given for both the RTO just as the Auto Insurance Company.
  3. Structure 35 (Original).

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