Two Wheeler Loan Mumbai

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Attractive Rate of Interest
Loan Approval in 4 Hours
Tenure Up to 48 Months
Doorstep Service
Unbiased Experts Advice

Best Banks for Two Wheeler Loan in Mumbai

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 Mumbai FeaturesTwo Wheeler Loan Mumbai

Apply for a Two Wheeler Loan

Thinking of acquiring a new bike or scooter? Do you need funds for it? Do not despair! A Two Wheeler Loan is accessible for you. A Two-Wheeler Loan is a means of funding or monetary help given by banks and NBFCs to the individuals at a reasonable interest rate.

A Two-Wheeler Loan Mumbai helps you in buying a bike or scooter with your choice. Two Wheeler Loan in Mumbai is available for the salaried as well as for the self-employed individuals.

Some of the main features of a Two Wheeler Loan in Mumbai are:

  • Smooth and trouble-free processing
  • Loan amount paid instantly
  • Two Wheeler Loans are available at an attractive interest rate.
  • Easy refund options are available for you.
  • Fulfill your desire for buying a new bike or scooter
  • Two Wheeler Loans are possible through Dialabank easily.

Two Wheeler Loan Mumbai 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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Two Wheeler Loan Mumbai Documents Required

For Salaried:-

  • Self Proof: PAN Card, Voters ID card, Passport copy, Driving License
  • Earning Proof: Latest 3-month salary slip with form 16
  • House Proof: Driving license / Voters card / Passport Copy / Telephone Bill / Ration card / Electricity Bill / Life Insurance Policy 
  • Compulsory Document: PAN Card
  • Bank Statement: Last 3 months.

For Self Employed:-

  • Identification Proof: PAN Card, Voters ID card, Passport copy, Driving License
  • Residence Proof(any 1): Voters card / Passport Copy / Ration card / Telephone Bill / Driving license / Electricity Bill / Life Insurance Policy /PAN Card
  • Compulsory Document: PAN Card
  • Bank Statement: Last 3 months.

Two Wheeler Loan Mumbai Eligibility Criteria

For Salaried:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: 1 year in job employment and a minimum of 2 years of job
  4. Minimum Monthly Income: Rs. 7,000
  5. High CIBIL Score: Get the loan easily

For Self-Employed:-

  1. Minimum age: 21 years
  2. Maximum age at loan maturity: 65 years
  3. Minimum employment: 3 years
  4. Minimum Monthly Income: Rs. 6,000

Two Wheeler Loan for Top Selling Bikes in Mumbai

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Processing Fees / Prepayment Charges on Two Wheeler Loan in Mumbai

The processing fee is the fee or charge considered by the bank for the processing of a two-wheeler loan. This ranges from bank to bank. It is dependent on the amount of the loan. The processing fee charges for a two-wheeler loan in Mumbai is up to 3% of the loan amount (maximum).

Prepayment charges are the charges you have to pay to the bank if you wish to pay the loan amount before the loan tenure duration for lowering your interest burden. Prepayment charges vary from 3% to 10% of the outstanding principal for getting a two-wheeler loan from Mumbai.

Two Wheeler Loan Mumbai Contact Number

Dialabank is the most trustworthy agent who will assist you in the whole processing of a two-wheeler loan.

You can apply with Dialabank through the online platform and get the best offers on a two-wheeler loan with instant approval or you can contact on this number for any queries about the two-wheeler loan in Mumbai  9878981166.

Our customer care representative will provide you guidance and assistance to solve your queries about a two-wheeler loan.

Pre Calculated EMI Table for Two Wheeler Loan Mumbai

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

Two Wheeler Loan EMI Calculator Mumbai

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About Mumbai

Mumbai is the industrial city of the Indian state of Maharashtra. According to the United Nations, as of 2018, Mumbai is the most crowded city in the country and the seventh-most populated city in the world with a community of roughly 20 million. Mumbai is the monetary, financial, and amusement capital of India. Mumbai’s market opportunities pull migrants from all over India.

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