Two Wheeler Loan in Bangalore

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Best/Top Banks for Two Wheeler Loan in Bangalore

Feature	HDFC Bank	Private 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

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
Private 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:-

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

For Self-Employed:-

Peak age: 21
The legal age at completion of loan: 65 years
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
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.