Two Wheeler Loan in Bangalore

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Two Wheeler Loan in Bangalore

Best/Top Banks for Two Wheeler Loan in Bangalore

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 in Bangalore Characteristics

Two Wheeler Loan in Bangalore

Perhaps thinking of purchasing a new two-wheeler? But don’t you have the money necessary for it? Make no problems! For you, there really is a two-wheeler loan page. A Two-wheeler loan is a type of credit or government aid given to the claimants by banks and NBFCs at a fixed interest rate to assist them to obtain a two-wheeler, whether a brand or used.

Even though two-wheelers seem to be a must for everybody, but the expense of two-wheelers is quickly growing constant. In this, a two-wheeler loan took effect and is sufficient to fulfil your dream to be the holder of your design. A two-wheeler lending in Bangalore has the core aspects of:

  • Low-interest services are given on two-wheelers
  • In Bangalore near all financial firms and NBFCs offering two-wheel loans
  • The recording method is fast and uncomplicated
  • Two-wheeler mortgages are able to acquire growing Dialabank

Two-Wheeler Loan in Bangalore Interest Rate

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

Know More – Two-wheeler Loan interest rate

Two Wheeler Loan in Bangalore Documents Required

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

For Salaried:-

  • Check of authenticity: PAN I d, Citizens ID Card, Nationality Duplicate, Driving License
  • Protection of income: a new slip of 3 months’ earnings with form 16
  • Show the evidence: Driver License / election Card / travel documents Copy / mobile phone Bill / regulate Card / Life insurance payout / Photo identity
  • Bank directive: Last six months.

For Self Employed:-

  • Confirmation of belonging: PAN Id, Electorate ID Card, Visa Duplicate, Traveling License
  • Check of tax revenue: New ITR
  • Contact information: Voting Pass / Citizenship Copy / Mobile Bill / Riding License / insurance products Policy / PAN Sheet
  • Business assertion: Last six months.

Two Wheeler Loan in Bangalore Eligibility Criteria

The two-wheeler loan eligibility requirements are as followed:

For Salaried:-

  1. Early age: 21
  2. Expiration date at the tenure of loan: 65 years
  3. Required jobs: 1 year of present job and a couple of times years of service
  4. Minimum current wage: total annual salary rs 1,00,000

For Self-Employed:-

  1. Peak age: 21
  2. The legal age at completion of loan: 65 years
  3. Average yearly income: Rs. 60,000 p.a. net revenue for normal two-wheeler and Rs.1,00,000 p.a .. For advanced and mid enterprises two-wheeler
  4. Primary job growth: a total of 3 years in sales

How to register for Two Wheeler Loan in Bangalore?

Bangalore making two-wheeler finance is a short method with Dialabank. Follow the below steps down to get the lowest prices:

  • Contact our page Dialabank
  • Click over the double-wheeler loan alternative in the dashboard
  • Fill out specifics about the form of two-wheeler and financial profits
  • Hesitate for our project team to get in connection with you on your rule-following earliest.
  • In case of questions about the loan, you can indeed request our managers at code 9878981166.
  • To make it through an outdoor two-wheeler loan, you’ll also need to visit the bank manually, which might also turn out it was just rough for you.

Two Wheeler Loan for Major Two Wheeler Manufacturers in Bangalore

Processing Fees / Prepayment Charges on Two Wheeler Loan in Bangalore

CIBIL Score Required for Two Wheeler Loan in Bangalore

The Cibil performance is also what distinguishes your abilities to create your incentives pay off. Higher payment history means solid credit history and makes the enrollment process for a two-wheeler loan transparent and easy to perform. Most of the time, banks and NBFCs accept a credit score of 750 and above as a suitable score for supporting your Bangalore loan employment application.

This performance will vary from company to company, again. You would’ve been expected to pay a high fee on the loan volume in case of a lower Payment history than the rated value and if your CIBIL score is great or you’ll have to pay a poor real interest rate. So a Credit history in two-wheeler lending is an important component.

Two Wheeler Loan Bangalore Contact Number

If you’ve any query more about a two-wheeler mortgage in Bangalore, you may approach for the assist of any kind on the phone 9878981166.

Pre Calculated EMI Table for Two Wheeler Loan Bangalore

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 Bangalore

Bangalore, also classified as Bengaluru (Kannada), is the province of Karnataka, a state of India. The Garden City is dubbed Bangalore and was once called the Paradise of a Pensioner. Placed on the Deccan Plateau in the southern portion of Karnataka, Bangalore is the third-largest city in India. There are a variety of ex-pats living in the city from around the world, due to the rising involvement of Multi-National Corporations.

Two-Wheeler Loan EMI Calculator