Two Wheeler Loan Coimbatore

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Two Wheeler Loan Coimbatore

Best Banks for Two Wheeler Loan in Coimbatore

Private Bank
Kotak Mahindra Bank
Interest Rate
8% - 8.4 %
8.5 - 9.5 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 75000
Max Loan Amt
1 Cr
1 Cr
1 Cr
Loan Tenure
Upto 7 Years
Upto 5 Years
Upto 5 Years
Processing Fee
1999 - 4999 + Tax
0.25% to 1.50%
0.25% to 1.50%
Preclosure Chgs
2%, Nil after 24 months
2%, Nil after 36 months
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Two Wheeler Loan Coimbatore Features

Two Wheeler Loan Coimbatore

Since two-wheelers have become necessity for everybody but every day the cost of two-wheelers is increasing rapidly. It is here that a two-wheeler loan comes into play and fulfils your ambition to be the owner of your two-wheeler dream. The main features of a two-wheeler loan in Coimbatore are:
  • Easy and hassle-free process
  • Quick Disbursal of Loan Amount
  • Fulfil your wants by choosing the Two Wheeler you love
  • Attractive Rate of Interests
  • Easy Repayment and Prepayment Method.

Two Wheeler Loan Coimbatore Interest Rates

Processing Fee
Prepayment Charges
HDFC Bank Car Loan
(1999 - 4999) + Tax
2%, Nil foreclosure charges after 24 months
Axis Bank Car Loan
1 % to 2.50%
Private Bank Car Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 36 months
SBI Car Loan
500/- to 0.50%
Kotak Car Loan
1% to 2%
2.25% of foreclosure amount if closed 1 month ahead of the tenure.
IIFL Car Loan
Muthoot Car Loan
Manappauram Car Loan
PNB Car Loan
0.70% to 1%
Canara Bank Car Loan
Andhra Bank Car Loan

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Two Wheeler Loan Coimbatore Documents Required

For Salaried:-

  • Identity Proof: Aadhaar Card, Voters ID card, Passport, Driving License
  • Address Proof: Driving license / Voters card / Passport Copy / Aadhaar Card
  • Compulsory Documents: PAN Card
  • Bank Statement: Last 3 months.

For Self Employed:-

  • Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
  • Address Proof: Voters card / Passport Copy / Driving license / Aadhaar Card
  • Bank Statement: Last 3 months.
  • Required Documents: PAN Card

Two Wheeler Loan Coimbatore Eligibility Criteria

Your ability to repay the loan is the most significant factor in deciding whether you’ll be eligible or not for the two-wheeler loan. The following are the major criteria’s:

  • The borrower should be at least age 21 and maximum age 65 to qualify for the loan. 
  • You are eligible for the two Wheeler loans if you have an average monthly income of Rs 7000 (salaried) and Rs 6000 (self-employed).

Two Wheeler Loan for Top Selling Bikes in Coimbatore

Processing Fees / Prepayment Charges on Two Wheeler Loan in Coimbatore

Processing Fees

  • Up to 3% of the loan amount (maximum)

Prepayment charges

  • Within 4 to 6 months – 10% of principal outstanding
  • Within 7 to 12 months – 6% of the outstanding principal
  • 13-24 months – 5% of principal outstanding
  • Post 24 months – 3% of the critical outstanding
  • Prepayment within three months of EMI repayment is not permitted.

Car Loan Coimbatore Contact Number

In case of any queries regarding the two-wheeler loan in Coimbatore, you may contact on the number 9878981166 for any assistance. Visit Dialabank to know more.

Pre Calculated EMI Table for Two Wheeler Loan Coimbatore

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 Coimbatore

Coimbatore is situated on the banks of the river Noyyal and surrounded by the Western Ghats. Coimbatore is Tamil Nadu’s second-largest city after Chennai and India’s 16th-largest urban agglomeration. 

It is governed by Coimbatore Municipal Corporation and is the administrative capital of the district of Coimbatore

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Two Wheeler Loan EMI Calculator Coimbatore

FAQs on Two Wheeler Loan in Coimbatore

What is the maximum loan amount I can get for a Two Wheeler Loan?

The maximum loan amount granted to you depends on your credit profile and existing obligations. The maximum loan amount sanctioned for pre-approved Two Wheeler Loans can be up to Rs.3 lakhs. It can vary from bank to bank.

✅ What are the tenure options for a Two Wheeler Loan?

The tenure for a Two Wheeler loan typically ranges from 6 months to 60 months, depending on the loan amount. You can choose the loan tenure at your convenience.

✅ Does credit score impact a Two Wheeler Loan approval?

Yes, your credit score may be considered when you apply for a Two Wheeler Loan. It helps banks in determining your financial position. A score of 750 or above will help you to attain a loan easily and for a larger amount.

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