Best Banks for Two Wheeler Loan in Kanpur
Two Wheeler Loan Kanpur Features
If you are planning to buy a bike, then availing of 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.
Features of Two Wheeler Loan Kanpur
- Flexibility of payment
- Simple and Hassle-free
- Minimum Documentation
- Easy to payback
Two Wheeler Loan Kanpur Interest Rates
Know More – Two-wheeler Loan interest rate
Two Wheeler Loan Kanpur Documents Required
Documents required for a two-wheeler loan are as followed:
- 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 Kanpur 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 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 Kanpur
Processing Fees / Prepayment Charges on Two Wheeler Loan in Kanpur
- Up to 3% of the loan amount (maximum)
- 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 Kanpur Contact Number
Pre Calculated EMI Table for Two Wheeler Loan Kanpur
Two Wheeler Loan EMI Calculator Kanpur
FAQs on Two Wheeler Loan in Kanpur
✅ What is the maximum loan amount I can get for a Two Wheeler Loan?
The maximum loan amount granted to you depends on your credit profile and existing obligations. The maximum loan amount sanctioned for pre-approved Two Wheeler Loans can be up to Rs.3 lakhs. It can vary from bank to bank.
✅ What are the tenure options for a Two Wheeler Loan?
The tenure for a Two Wheeler loan typically ranges from 6 months to 60 months depending on the loan amount. You can choose the loan tenure at your convenience.
✅ Does credit score impact a Two Wheeler Loan approval?
Yes, your credit score may be considered when you apply for a Two Wheeler Loan. It helps banks in determining your financial position. A score of 750 or above will help you to attain a loan easily and for a larger amount.
Table of Contents
- 1 Best Banks for Two Wheeler Loan in Kanpur
- 2 Two Wheeler Loan Kanpur Features
- 3 Two Wheeler Loan Kanpur Interest Rates
- 4 Two Wheeler Loan Kanpur Documents Required
- 5 Two Wheeler Loan Kanpur Eligibility Criteria
- 6 Two Wheeler Loan for Top Selling Bikes in Kanpur
- 7 Processing Fees / Prepayment Charges on Two Wheeler Loan in Kanpur
- 8 Car Loan Kanpur Contact Number
- 9 Pre Calculated EMI Table for Two Wheeler Loan Kanpur
- 10 About Kanpur
- 11 Two Wheeler Loan EMI Calculator Kanpur
- 12 FAQs on Two Wheeler Loan in Kanpur