Two Wheeler Loan Dhanbad
Two-wheeler loan is one of the affordable financial product provided by the banks. This loan was provided in the segment of the low-interest rate which makes it possible in the reach of every citizen of a country like India, which is basically a big home for middle-class families and they mostly run on two-wheelers for their various purposes like at work, enjoyment, enjoyment purposes etc.
Features of Two Wheeler Loan Dhanbad
Following are the numerous benefits of a two-wheeler loan:
Total Margin provided by banks: On an average, most two-wheeler loans will pay for up to 90% to 98% margin of finance depending on the individual to individual. Which further results in the customer can make down payment of only 10% of their loan.
Minimum Annual pay/income/salary: Banks often offer these loans to people who are earning as low as INR 7000 per month for a salaried individual and INR6,000/- for self-employed
No prepayment charges/costs: Most banks do not charge any prepayment charges if you are able to pay up your loaned amount before your tenure ends. This is often suitable for few customers because it helps to clear off the debts faster if you can.
Extra charges covered: These loans cover the cost of accessories, insurance, and even registration. This means that customer getting finance for not only on the vehicle but the essential expenses on the same.
Loan Tenure: Borrowers are provided with reasonable time to pay back for their two-wheeler loan with tenures that ranges from 12 to 48 months and in some cases it extended to 5 years.
Credit score/cibil: For a first-time buyer for a vehicle or one who is going to opt loan for the first time, two-wheeler loans is a great idea to open the file for the credit score. The customer should have their credit score above 700.
Eligibility Criteria for Two Wheeler Loan Dhanbad
Min. age -21 years
Max. age-65 years
Salaried individual / self-employed
1 year of salaried individual and 6 months for self-employed
Min Annual Income
Rs.84,000/- ( salaried INDIVIDUAL)
Rs.72000/- (FOR SELF-EMPLOYED)
Documentation Required for Two Wheeler Loan Dhanbad
Photo ID proof
2 to 6 Colored passport size photograph
Passport/Voter ID/Driving license/Adhaar card/Pan card
Electricity bills/passport/voter id/driving license/Telephone bills/Pan card
Last six months
Electricity bills/rental agreement/property/driving license/ration card
Interest Rates for Two Wheeler Loan Dhanbad
Two Wheeler interest rates generally vary from bank to bank and it depends upon individual case 12.50% to 18.25% maximum. These rates are one of the lowest among all rates in comparison to other loans provided by banks.
Dhanbad is the city which is situated in Jharkhand. It is a second most populous city in Jharkhand after Jamshedpur. Dhanbad is known for its coal mines in India. It is known as the coal capital of India. Tata Steel, BCCL, Eastern Coal Fields Ltd. and Steel Company. Dhanbad is the second largest in generating the revenue in railway divisions after Mumbai.
Bank Providing Two-wheeler Loan
- HDFC Bank
- Axis Bank
- Bank of Baroda
- Canara Bank
- Central Bank of India
- City Union Bank
How to Apply?
Apply for the two-wheeler loan by click on the link below:
- www.dialabank.com .
- Dialabank provides the document pickup facility from your doorstep without any extra charges.
- Dialabank is one of the most reliable platforms to apply for a two-wheeler loan.