Two Wheeler Loan in Meerut

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Two Wheeler Loan in Meerut

Best Banks for Two wheeler Loan in Meerut

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 Meerut  Features

Two Wheeler Loan in Meerut

Today in this fast forward era who doesn’t want to be quick? Two wheelers are the best solution for an efficient medium to run errands anytime anywhere. Guess what, even if you are short on bank balance Dialabank got your back, with the easiest answers to all your two wheeler loan related queries.

Get an instant Two wheeler loan from Dialabank in simple hassle-free steps. Dialabank helps you to avail of a two wheeler loan with a loan tenure of 1 year to 4 years with fringe benefits that include; basic loan documents, the lowest EMI, and flexibility to choose a two wheeler of your own choice. Here you go on roads with your personal (bike, scooter, superbikes, etc.) on roads with Dialabank since we allow you to go through all options from efficient to luxurious with the most transparent loan procedure.

Two Wheeler Loan Interest Rates in Meerut

The interest rate for two wheeler loans in Meerut starts at 11.83% p.a.

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 Meerut Documents Required

Documents required for a two wheeler loan are as followed:

For Salaried:-

  • Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
  • Compulsory Document: PAN Card
  • Address Proof: Driving license / Voters card / Passport Copy / Telephone Bill / Ration card / Electricity Bill / Life Insurance Policy
  • Bank Statement: Last 6 months.

For Self Employed:-

  • Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
  • Required Document: PAN Card
  • Address Proof: Voters card / Passport Copy / Ration card / Telephone Bill / Driving license / Electricity Bill / Life Insurance Policy
  • Bank Statement: Last 6 months.

Two Wheeler Loan in Meerut Eligibility Criteria

The  two wheeler loan eligibility requirements are as followed:

For Salaried:-

  • The applicant should be of at least 21 years of age and a maximum of 65 years of age.
  • If you have an average monthly income of Rs 7000.
  • CIBIL Score has a direct impact on your eligibility for the loan. If you have a high CIBIL score, you can get the approval for the loan easily.

For Self-Employed:-

  • The applicant should be of at least 21 years of age and a maximum of 65 years of age.
  • If you earn an average of Rs 6000 on monthly basis.
  • CIBIL Score has a direct impact on your eligibility for the loan. If you have a high CIBIL score, you can get approval for the loan easily.

Two Wheeler Loan for Top Selling Bikes in Meerut

Processing Fees / Prepayment Charges on Two Wheeler Loans in Meerut

The Processing Fee required for availing Two Wheeler Loan in Meerut is 3% of the loan amount (maximum).

The Payment Charges are simply processed from 3% to 10% of the outstanding principal.

And Prepayment Charges include:

  • Within 4 to 6 months – 10% of principal outstanding
  • Within 7 to 12 months – 6% of principal outstanding
  • 13-24 months – 5% of principal outstanding
  • Post 24 months – 3% of principal outstanding
  • Prepayment is not allowed within three months of EMI repayment.

Two wheeler Loan in Meerut Contact Number

In case of any queries regarding the Two Wheeler Loan in Meerut, you may contact on the number 9878981166 for any sort of assistance or you can also visit us at Dialabank.

Pre Calculated EMI Table for Two Wheeler Loan in Meerut

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 Meerut

Meerut is a city in the Indian state of Uttar Pradesh. It is an ancient city, with settlements dating back to the Indus Valley civilization having been found in and around the area. The city lies 70 km northeast of the national capital New Delhi, and 430 km west of the state capital Lucknow.

The city may have derived its name from ‘Mayarashtra‘, the capital of the kingdom of Mayasura, Mandodari’s father, and Ravana’s father-in-law. The city is one of the largest producers of sports goods and the largest producer of musical instruments in India.

The city is also an education hub in western Uttar Pradesh, and is also known as the “Sports City Of India” Meerut has a monsoon-influenced humid subtropical climate characterized by hot summers and cooler winters. Summers last from early April to late June during and are extremely hot, with temperatures reaching 49 °C (120 °F)

Two Wheeler Loan EMI Calculator in Meerut