Two Wheeler Loan Madurai

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Attractive Rate of Interest
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Tenure Up to 48 Months
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Two Wheeler Loan Madurai

Best Banks for Two Wheeler Loan in Madurai

Kotak Mahindra Bank
Interest Rate
8% - 8.4 %
8.5 - 9.5 %
Min Loan Amt
Metro : 1 Lac & Non Metro: 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
Loan to Value (LTV)
Upto 100% on Ex- showroom
Upto 95% on Ex- showroom
Upto 90% on Ex- showroom

Two Wheeler Loan Madurai Features 

two wheeler loan madurai

Having the desire of purchasing a new two-wheeler? Lacking the required funds for it? Not to worry! A two-wheeler loan can be a solution for you. A two-wheeler loan is offered to provide funding and financial help by banks and NBFCs to the applicants at attractive interest rates to help them buy their dream two-wheeler, whether new or used.

Since a two-wheeler is one of the necessary assets for everyone, but due to the rise in the cost of two-wheelers a two-wheeler loan can come into play and fulfil your desire to be the owner of your dream bike. The main features of a two-wheeler loan in Madurai are:

  • Two-wheeler loans are offered at very low interest rates
  • Almost all major banks and NBFCs offer two-wheeler loans in Madurai
  • The documentation process is quick and hassle-free
  • Two-wheeler loans can be applied easily through Dialabank

Two Wheeler Loan Madurai Interest Rates

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%
ICICI Bank Car Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 36 months
SBI Car Loan
500/- to 0.50%
Kotak Car Loan
1% to 2%
2.25% of foreclosure amount if closed 1 month ahead of the tenure.
IIFL Car Loan
Muthoot Car Loan
Manappauram Car Loan
PNB Car Loan
0.70% to 1%
Canara Bank Car Loan
Andhra Bank Car Loan

Two Wheeler Loan Madurai Documents Required

For Salaried:-

  • Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
  • Address Proof: Driving license / Voters card / Passport Copy / Telephone Bill / PAN Card
  • Bank Statement: Last 3 months.

For Self Employed:-

  • Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
  • Address Proof: Voters card / Passport Copy / Ration card / Telephone Bill / Driving license / PAN Card
  • Bank Statement: Last 3 months.

Two Wheeler Loan Madurai Eligibility Criteria

For Salaried:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum Monthly Income: Rs 7000 per month income

For Self-Employed:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum Monthly Income: Rs. 6000 per month

Two Wheeler Loan for Top Selling Bikes in Madurai

Processing Fees / Prepayment Charges on Two Wheeler Loan in Madurai

The processing fee charges on a two-wheeler loan in Madurai are Up to 3% of the loan amount (or a minimum of Rs 600). 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 Madurai Contact Number

To get an easy and instant Two Wheeler loan you can visit Dialabank or call on 9878981166 to get personalized assistance. Our relationship managers are well trained and will assist you in the best ever way possible in order to provide you with a deal most suited for you.

Pre Calculated EMI Table for Two Wheeler Loan Madurai

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 Madurai

Madurai is an energetic, ancient city on the Vaigai River in the South Indian state of Tamil Nadu. Its skyline is dominated by the 14 colourful gopurams (gateway towers) of Meenakshi Amman Temple. Covered in bright carvings of Hindu gods, the Dravidian-style temple is a major pilgrimage site. Millions attend the processions and ceremonies of April’s Chithirai Festival celebrating Meenakshi and Lord Vishnu.

Two Wheeler Loan EMI Calculator Madurai

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