Two Wheeler Loan in Guwahati

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Best Banks for Two Wheeler Loan in Guwahati

Features of Two Wheeler Loan in Guwahati

Following are the numerous benefits of Two Wheeler Loan in Guwahati

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.
Annual pay/income/salary: Banks often offer Two Wheeler Loan in Guwahati 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: 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: Two Wheeler Loan in Guwahati 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.

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Two Wheeler Loan Guwahati 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
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

To check Two Wheeler Loan Interest Rate for all major banks you can visit: Two Wheeler Loan Interest Rate

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Two Wheeler Loan Guwahati Documents Required

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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 Guwahati 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)

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Two Wheeler Loan for Top Selling Bikes in Guwahati

Processing Fees / Prepayment Charges on Two Wheeler Loan in Guwahati

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 Guwahati Contact Number

In case of any queries regarding the Two Wheeler loan in Guwahati, you may contact on the number 9878981166 for any sort of assistance.

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Pre Calculated EMI Table for Two Wheeler Loan Guwahati

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 Guwahati

Guwahati is a city beside the famous Brahmaputra River in the northeast of Indian in the state of Assam. It is known for its holy sites like the Kamakhya Temple at uphill, shrines to the Hindu deities Lord Shiva and Vishnu. Umananda Temple, dedicated to Lord Shiva which is covered with engravings, stands on Peacock Island in the center of the river.

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Two Wheeler Loan EMI Calculator Guwahati

FAQs for Two Wheeler Loan:

✅ Why should I apply for a Two Wheeler loan in Guwahati?

Owning a Two Wheeler in Guwahati can make you feel confident and independent. However, to pay for it out of your own pocket can make it a financial burden for you and the Guwahati Two Wheeler loan helps you pay for the vehicle through easily affordable monthly payments.

✅ Can a Two Wheeler loan from Guwahati fund my vehicle purchase completely?

Most banks in Guwahati offer to fund up to 85% or even 90% of the vehicle cost. However, few lenders in Guwahati even fund for the 100% amount but charge some additional costs and add some conditions to it.

✅ What costs will a Two Wheeler loan in Guwahati cover?

A Two Wheeler loan from Guwahati will cover the registration charges, insurance, as well as accessories. You can get even more benefits in Guwahati if your bank has a tie-up with a particular Two Wheeler company.