Two Wheeler Loan in Allahabad

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Two Wheeler Loan in Allahabad

Best Banks for Two Wheeler Loan in Allahabad

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

Features of Two Wheeler Loan in Allahabad

Two Wheeler Loan in Allahabad

A bike often becomes an essential vehicle when it is about meeting quick requirements. To help you in buying a  bike, the cheap Two Wheeler Loan will play a vital role. This loan provides the essential fund, for buying a motorbike, along with favourable and convenient terms and conditions.

  • Affordable
  • Simple and Hassle-free
  • Easy to payback
  • Flexibility of payment
  • Speedy Approval in 4 hours
  • Minimum Documentation
  • Attractive Interest Rates
Two Wheeler Loan Allahabad 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 Allahabad Documents Required

Documents required for a two-wheeler loan are as followed:

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 Allahabad Eligibility Criteria

The two-wheeler loan eligibility requirements are as followed:

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 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 Allahabad

Processing Fees / Prepayment Charges on Two Wheeler Loan in Allahabad

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 Allahabad Contact Number

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

Pre Calculated EMI Table for Two Wheeler Loan Allahabad

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 Allahabad

Allahabad, officially known as Prayagraj and also known as Illahabad and Prayag, is a metropolis in the Indian State of Uttar Pradesh. It is the administrative headquarters of the district of Allahabad – the state’s most populous district and India’s 13th most populous district – and the division of Allahabad. 
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Two Wheeler Loan EMI Calculator Allahabad