Two Wheeler Loan Erode

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Best Banks for Two Wheeler Loan in Erode

Other Cities For Two Wheeler Loan

Feature
HDFC Bank
ICICI Bank
Kotak Mahindra Bank
Interest Rate
8% - 8.4 %
8.5 - 9.5 %
11%
Min Loan Amt
Metro : 1 Lac & Non Metro: 75000
75000
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
Nil
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Two Wheeler Loan Erode Features

If you are planning to buy a bike, then availing a two-wheeler loan is the best way to go. It is a loan that offers the money required for buying a bike. You can use the loan amount to buy a new as well as a used bike according to your requirement.

Kaveri River

Features of Two Wheeler Loan Erode

  • Affordable
  • Flexibility of payment
  • Simple and Hassle-free
  • Minimum Documentation
  • Easy to payback

Two Wheeler Loan Erode Interest Rates

Bank
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%
Nil
ICICI Bank Car Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 36 months
SBI Car Loan
500/- to 0.50%
Nil
Kotak Car Loan
1% to 2%
2.25% of foreclosure amount if closed 1 month ahead of the tenure.
IIFL Car Loan
Nil
Nil
Muthoot Car Loan
Nil
Nil
Manappauram Car Loan
Nil
Nil
PNB Car Loan
0.70% to 1%
Nil
Canara Bank Car Loan
1%
Nil
Andhra Bank Car Loan
Nil
Nil
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Two Wheeler Loan Erode Documents Required

For Salaried:-

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

For Self Employed:-

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

Two Wheeler Loan Erode Eligibility Criteria

Your ability to repay the loan is the biggest 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 a 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 Erode

Processing Fees / Prepayment Charges on Two Wheeler Loan in Erode

Processing Fees– Up to 3% of the loan amount (maximum)

Pre-payment 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 key outstanding
                                     Prepayment within three months of EMI repayment is not permitted.

Car Loan Erode Contact Number

In case of any queries regarding the two-wheeler loan in Erode, you may contact on the number 9878981166 for any sort of assistance.

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Pre Calculated EMI Table for Two Wheeler Loan Erode

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 Erode

Erode is a city in Tamil Nadu , India. It is also the administrative headquarters of the Erode district, the seventh largest urban agglomeration in the State.

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Two Wheeler Loan EMI Calculator Erode

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