Apply for Two wheeler loan


If you want to buy your dream bike to show or a scooter for your household utilities but can't afford to buy one due to financial problems, then don’t wait and take a two-wheeler loan. Two-wheeler loans is the loan provided to you by the banks and other institutions to buy a two-wheeler. Today almost every bank or financial institution available in the market provides their customers with two-wheeler loans and two-wheeler loan is available on almost all the makes and models of two wheelers. All you have to do to get a two-wheeler loan is to arrange for the down payment of your two-wheeler loan and rest of the balance is paid by bank in form of two-wheeler loan. The percentage of amount financed by bank to depends upon your eligibility for the loan.

Apply for Two wheeler loan


Banks/NBFCs providing two wheeler loans in Delhi NCR

Banks/NBFCs that provide two-wheeler loans in Delhi, (NCR) i.e. Noida, Ghaziabad, Faridabad, Sonipat and Gurgaon are

State Bank of India

Punjab National Bank

Axis Bank

ICICI Bank

HDFC Bank

HSBC Bank

Canara Bank

Punjab & Sind bank

Dena Bank

Yes Bank

Standard Chartered Bank

Karur Vysya Bank

Barclays Finance

RBS Bank

Citibank

Fullerton India

Kotak Bank

Andhra Bank

ING Vysya

Corporation Bank

United Bank of India

Vijaya Bank

Bank of Baroda

Bajaj Finance

Dhanalakshmi Bank

IDBI Bank

Karnatka Bank

Oriental Bank of Commerce

Union Bank

Two wheeler loan EMI calculator

Two wheeler loan EMI calculator is a software which helps you calculate the EMIs related to your two wheeler loan according to the amount of two wheeler loan, rate of interest and the time period for which you want to take the two wheeler loan.

Two wheeler loan Advantages and Disadvantages

Advantages of Two wheeler loan:-

No Waiting: - no waiting for your savings to grow up to the cost of the two wheeler.

Tax Benefit:  - Government provides a tax benefit on your income tax if you are paying a two wheeler loan.

Flexible EMIs: you can choose the amount of EMIs yourself according to which your loan repayment tenure will be adjusted

No collateral required: if you have a good credit history you can have a two wheeler loan without any security or collateral.

Disadvantages of car loan:-

Interest: - If you take a two wheeler loan it will cost you a little more than its price, but its nothing compared to joy of owning a two wheeler.

If you take two wheeler loan then you can't sell the two wheeler until the full loan amount is settled.

If you want to settle the loan before agreed time then you will have to pay prepayment penalty which can be 0% to 2% of the total loan amount.

Two wheeler loan eligibility criteria

Eligibilities for a two wheeler loan are:-

Income: - your income is a key factor for eligibility of a two wheeler loan. It doesn’t matter whether you are a salaried person or self-employed, only thing that matters is amount of income and stability of income.

Two wheeler loan make and model: - the make of the two wheeler and the model of the two wheeler you want to buy is also a key factor in your eligibility for a two wheeler loan.

Two wheeler loan interest rates

Interest rates on two wheeler loans may vary from 13.50% to 16% depending on your eligibility and loan amount.

 

Two wheeler loan Documents Required

Documentation required for two wheeler loan:-

Valid identity proof

Valid residence proof

Valid age proof

Valid signature proof

Valid Income proof

Valid business continuity proof (I.T. returns or bank certificates)

Loan application form with your recent photographs

Quotation of two wheeler loan you want to buy

Post dated cheques(pdc)

Two wheeler loan approval process

Two wheeler loans are processed in a very quick, easy and effective ways. First you go to the financial institution you are interested in getting two wheeler loan from. Then you present their representatives with the quotation of the two wheeler you want to buy, he will tell you about the documents required by them. After you provide them with the required documents a financial verification visit is given at your address by the institute's representatives. After they are satisfied, your two wheeler loan is approved and an instant two wheeler loan is provided to you.

 

Apply for Two wheeler loan

Applying for a Two wheeler loan? Contact us for a hassle free two wheeler loan with best interest rates and best deals available in the market.


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