Two Wheeler Loan in Kanpur

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Two Wheeler Loan in Kanpur

Best Banks for Two Wheeler Loan in Kanpur

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 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

  • Affordable
  • Flexibility of payment
  • Simple and Hassle-free
  • Minimum Documentation
  • Easy to payback

Two Wheeler Loan Kanpur 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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Know More – Two-wheeler Loan interest rate

Two Wheeler Loan Kanpur 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 Kanpur Eligibility CriteriaTwo Wheeler Loan in Kanpur

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 Kanpur

Processing Fees / Prepayment Charges on Two Wheeler Loan in Kanpur

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 Kanpur Contact Number

In case of any queries regarding the two-wheeler loan in Kanpur, 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 Kanpur

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 Kanpur

Kanpur is city in the Indian state of Uttar Pradesh. The larger metropolis is divided into two districts: the Kanpur Nagar urban district, and the Kanpur Dehat rural district.  The town is known for its textile and leather industries.

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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.