Two Wheeler loan Modinagar

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Two Wheeler loan Modinagar

Best Banks for Two Wheeler Loan in Modinagar

Two Wheeler Loan Modinagar FeaturesTwo Wheeler loan Modinagar

  1. Margins: At least 70% of the total expense is covered by the loans. It can also exceed up to 100%
  2. Annual Income/ Salary: Low income like Rs 6000/- and 7000/- for employed and self-employed respectively are also eligible for the Two Wheeler Loans.
  3. Extra costs covered: The insurance charges cost of accessories and registration are covered by the loans.
  4. Tenure: the time length given by the banks to pay back the amount is from 12 to 48 months. Sometimes, the time length can be extended up to 5 years.
  5. Interest Rates: The interest rate is a rate at which banks charge their customers. The minimum Two Wheeler loan interest rate is 11.5%

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Two Wheeler Loan Modinagar 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

To check Two Wheeler Loan Interest Rate for all major banks you can visit: Two Wheeler Loan Interest Rate

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Two Wheeler Loan Modinagar Documents Required

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

Click here to know more about Two Wheeler Loan Documents Required

Two Wheeler Loan Modinagar Eligibility Criteria

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)

Click here to know more about Two Wheeler Loan Eligibility 

Two Wheeler Loan for Top Selling Bikes in Modinagar

Processing Fees / Prepayment Charges on Two Wheeler Loan in Modinagar

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 Modinagar Contact Number

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

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 Modinagar

Modinagar is city and municipal council in the district of Ghaziabad in Uttar Pradesh, Indian state. 
The city was founded in 1933 by Rai Bahadur Gujar Mal Modi who along with his brother, Kedar Nath Modi, formed the Modi Group of Industries here. 
It is located about 45 km northeast of New Delhi

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Two Wheeler Loan EMI Calculator Modinagar