Two Wheeler loan Patti

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Best Banks for Two Wheeler Loan in Patti

Feature	HDFC Bank	Private 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

Features of Two Wheeler loan Patti

Margins: At least 70% of the finances will be covered by bank loans, and even in some cases it’s up to 100%.
Annual Income/ Salary: The lowest incomes which can be granted Two Wheeler loans are Rs 6000/- and 7000/- for employed and self-employed respectively.
Nil Payment Charges: Are you eager to clear off your debts as soon as possible? If yes, then banks will reward you by not charging any payment charges.
Extra costs covered: The banks also consider the cost of accessories, insurances, and registration while granting the loan.
Tenure: Payment of the loans can be done within 12 to 48 months, but can be exceeded up to 5 years in some cases.

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Two Wheeler Loan Patti 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
Private 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

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 Patti 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

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Two Wheeler Loan Patti 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 a 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)

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Two Wheeler Loan for Top Selling Bikes in Patti

Processing Fees / Prepayment Charges on Two Wheeler Loan in Patti

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 Patti Contact Number

In case of any queries regarding the two-wheeler loan in Patti, you may contact on the number 9878981166 for any sort of assistance.

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Pre Calculated EMI Table for Two Wheeler Loan Patti

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 Patti

Patti, a city of Saints and Pirs, has a population of 40, 976 (census 2011). Most of the people are engaged in business, agricultural works, and construction work.