Best Banks for Two Wheeler Loan in Jabalpur
Two Wheeler Loan Jabalpur Features
Sometimes choosing different bikes is difficult due to the money barrier?
Facing the same situation?
Do not worry! A Two Wheeler loan is here for you. A Two Wheeler loan Jabalpur loan is a means of funding or financial help provided by banks and NBFCs to the applicants at an affordable rate of interest to aid them in buying a Two Wheeler.
The loan can be availed for new or used Two Wheeler. Two Wheelers have become a necessity for everyone.
However, the cost of Two Wheelers is growing rapidly. This is where a Two Wheeler loan comes into play and fulfils your desire to be the owner of your dream Two Wheeler. The main features of a Two Wheeler Loan are:
- Two Wheeler loans are available at low-interest rates
- Almost all major banks and NBFCs offer Two Wheeler loans in Jabalpur
- Easy and simple processing
- Loan amount disbursed quickly
- Two Wheeler Loans are available at a reasonable interest rate
- Easy repayment options are available for you
- Fulfil your desire for buying a new Two Wheeler
- Two Wheeler Loans are easily available through Dialabank
Get Two Wheeler Loan Jabalpur by visiting us at Dialabank, to ensure your loan gets approved fast, safe, and without any complications. We have already worked with thousands of loan seekers and they have rated our service as one of the best!
Two Wheeler Loan Jabalpur Interest Rate
To check Two Wheeler Loan Interest Rate for all major banks you can visit: Two Wheeler Loan Interest Rate
Two Wheeler Loan Jabalpur Documents Required
Click here to know more about Two Wheeler Loan Documents Required
For Salaried:
- Required Documents: Pan Card
- Identity Proof (Any 1): Voters ID Card / Passport copy / Driving License / Aadhaar Card
- Income Proof: Latest 3-month salary slip with form 16.
- Address Proof (Any 1): Driving license / Voters ID Card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
For Self Employed Individual:
- Required Documents: Pan Card
- Identity Proof (Any 1): Voters ID Card / Passport copy / Driving License / Aadhaar Card
- Income Proof: Latest ITR
- Address Proof(Any 1): Driving license / Voters ID Card / Passport Copy / Telephone Bill / Electricity Bill / Life Insurance Policy /PAN Card
- Bank Statement: Last 6 months.
Two Wheeler Loan Jabalpur Eligibility Criteria
The following criteria are must and should be met by the applicant to get a Two Wheeler loan approved:
For salaried:
- Age Group: The applicant should be of at least 21 years of age and a maximum of 65 years of age.
- Minimum Monthly Income: The average monthly income of the applicant should be no less than Rs 7000.
- CIBIL Score: 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. Usually, a CIBIL score of 750 and above is considered by the banks.
For self-employed individual:
- Age Group: The applicant should be of at least 21 years of age and a maximum of 65 years of age.
- Minimum Monthly Income: The average monthly income of the applicant should be no less than Rs 6000.
- CIBIL Score: 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. Usually, a CIBIL score of 750 and above is considered by the banks.
Click here to know more about Two Wheeler Loan Eligibility
Two Wheeler Loan for Top Selling Bikes in Jabalpur
Processing Fees / Prepayment Charges on Two Wheeler Loan in Jabalpur
The processing fee charges on a Two Wheeler loan in Jabalpur are Up to 3% of the loan amount (maximum). Prepayment Charges are 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 Jabalpur Contact Number
In case of any queries regarding the Two Wheeler loan in Jabalpur, you may dial to contact on +919878981166 for any sort of assistance.
Pre Calculated EMI Table for Two Wheeler Loan Jabalpur
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 Jabalpur
Jabalpur is a city in the middle Indian state of Madhya Pradesh. On a rugged hilltop on the western outskirts of the city is the Madan Mahal Fort, established-in 1116. Farther west, the centuries-old Pisanhari Ki Madiya Jain temple gives views of the city.
Two Wheeler Loan EMI Calculator
FAQs for Two Wheeler Loan:
✅ Why should I apply for a Two Wheeler Loan Jabalpur?
Owning a Two Wheeler in Jabalpur 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 Jabalpur Two Wheeler loan helps you pay for the vehicle through easily affordable monthly payments.
✅ Can a Two Wheeler loan from Jabalpur fund my vehicle purchase completely?
Most banks in Jabalpur offer to fund up to 85% or even 90% of the vehicle cost. However, few lenders in Jabalpur even fund for the 100% amount but charge some additional costs and add some conditions to it.
✅ What costs will a Two Wheeler Loan Jabalpur cover?
A Two Wheeler loan from Jabalpur will cover the registration charges, insurance, as well as accessories. You can get even more benefits in Jabalpur if your bank has a tie-up with a particular Two Wheeler company.
