Best Banks for Two Wheeler Loan in Alwar
Two Wheeler Loan Alwar Features
Do you enjoy going on Sunday rides? Or do you want to upgrade your old bike with a new one?
Do you think about the required funds for the purchase of a new bike?
Do not worry! A Two-Wheeler loan is here for you. A Two-Wheeler loan is a means of funding or financial help provided by banks and NBFCs to the applicants at an affordable rate of interest to aid them in buying a Two Wheeler. The loan can be availed for a new or used two-wheeler. Two Wheelers have become a necessity for everyone. However, the cost of Two Wheelers is growing rapidly. This is where a Two Wheeler loan comes into play and fulfils your desire to be the owner of your dream Two Wheeler. The main features of a Two Wheeler Loan are:
- Two Wheeler loans are available at low interest rates.
- Almost all major banks and NBFCs offer Two Wheeler loans in Alwar.
To get a Two Wheeler Loan Alwar, visit us at Dialabank, to ensure your loan gets approved fast, safe, and without any complications. We have already worked with thousands of loan seekers, and they have rated our service as one of the best!
Two Wheeler Loan Alwar Interest Rate
Two Wheeler Loan Alwar Documents Required
Salaried Individual
- Required Documents: Pan Card
- Identity Proof (Any 1): Voters ID Card / Passport copy / Driving License / Aadhaar Card
- Income Proof: Latest 3-month salary slip with form 16.
- Address Proof (Any 1): Driving license / Voters ID Card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Self Employed Individual
- Required Documents: Pan Card
- Identity Proof (Any 1): Voters ID Card / Passport copy / Driving License / Aadhaar Card
- Income Proof: Latest ITR
- Address Proof(Any 1): Driving license / Voters ID Card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Two Wheeler Loan Alwar Eligibility Criteria
The following criteria are must and should be met by the applicant to get a two-wheeler loan approved:
- Age Group: The applicant should be of at least 21 years of age and a maximum of 65 years of age.
- Minimum Monthly Income: The average monthly income of the applicant should be no less than Rs 7000 (salaried) and Rs 6000 (self-employed).
- CIBIL Score: Cibil Score has a direct impact on your eligibility for the loan. If you have a high Cibil score, you can get the approval for the loan easily. Usually, a CIBIL score of 750 and above is considered by the banks.
Two Wheeler Loan for Top Selling Bikes in Alwar
Processing Fees / Prepayment Charges on Two Wheeler Loan in Alwar
- 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.
Within 13 to 24 months – 5% of principal outstanding.
Post 24 months – 3% of principal outstanding.
*Prepayment is not allowed within three months of EMI repayment.
Two Wheeler Loan Alwar Contact Number
In case of any queries regarding the Two Wheeler loan in Alwar, you may dial to contact on 9878981166 for any assistance.
Pre Calculated EMI Table for Two Wheeler Loan Alwar
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
About Alwar
Alwar is located 150 km north of Jaipur and 150 km south of Delhi. Alwar is a city in India’s National Capital Region and is also an administrative headquarters of the Alwar District of Rajasthan. Alwar is a hub of tourism with several forts, lakes, heritage Havelis and nature reserves. These including the Bhangarh Fort, which is considered a haunted fort and is very famous around the world, the Sariska Tiger Reserve and Siliserh lake.
Two Wheeler Loan EMI Calculator