Two Wheeler Loan Allahabad

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Best Banks for Two Wheeler Loan in Allahabad

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

Two Wheeler Loan Allahabad Features

If you are thinking to buy a bike, then availing of a two-wheeler loan is the most reliable way to go. It is a loan that offers the money required for buying a bike. You can use the loan amount to buy a new as well as a used two-wheeler according to your requirement. This loan is easy to apply for and requires very little documentation.

Features of Two Wheeler Loan Allahabad

Affordable and cheap interest rates on Two-Wheeler Loan in Allahabad
Simple and Hassle-free process for availing of a two-wheeler loan in Allahabad
Easy to pay back by paying EMIs on time.
The flexibility of payment of EMIs.
Speedy Approval in 4 hours because it is a secured loan.
Minimum Documentation is needed for availing of a two-wheeler loan
Attractive Interest Rates

Two Wheeler Loan Allahabad 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

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Two Wheeler Loan Allahabad Documents Required

For Salaried:-

Identity Proof: Aadhaar Card, Voters ID card, Passport, Driving License
Address Proof: Driving license / Voters card / Passport Copy / Aadhaar Card
Bank Statement: Bank Statement of the Latest 3 months.
Compulsory Documents: PAN Card

For Self Employed:-

Identity Proof: Voters ID card, Passport copy, PAN Card, Driving License
Required Documents: PAN Card
Address Proof: Voters card / Passport Copy / Driving license / Aadhaar Card
Bank Statement: Bank Statement of the Latest 3 months.

Two Wheeler Loan Allahabad Eligibility Criteria

For Salaried:-

Minimum age: the minimum age of the applicant must be 21 years
Maximum age at loan maturity: the maximum age of the applicant can be up to65 years
Minimum employment: 1 year in job employment and a minimum of 2 years of job
Minimum Monthly Income: Rs. 7,000
High CIBIL Score: You can get the loan easily if you have a CIBIL score greater than 750

For Self-Employed:-

Minimum age: the minimum age of the applicant must be 21 years
Maximum age at loan maturity: the maximum age of the applicant can be up to 65 years
Minimum employment: The person must be employed for a minimum of 3 years
Minimum Monthly Income: Rs. 6,000

Two Wheeler Loan for Top Selling Bikes in Allahabad

Processing Fees / Prepayment Charges on Two Wheeler Loan in Allahabad

Processing Fees– Processing fees that are charged by bank or NBFC for a two-wheeler loan in Allahabad is Up to 3% of the loan amount (maximum) from the applicant.

Pre-payment charges- Prepayment charges that are charged by any bank or NBFC for providing a Two-wheeler loan in Allahabad are described below:

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.

Two Wheeler Loan Allahabad Contact Number

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

Visit Dialabank to know more about Two Wheeler Loan from Allahabad.

Pre Calculated EMI Table for Two Wheeler Loan Allahabad

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 Allahabad

About Allahabad

Allahabad, formally identified as Prayagraj, and also identified as Allahabad and Prayag, is a city in the Indian state of Uttar Pradesh. It is the official headquarters of Allahabad district—the most crowded district in the state and the 13th most populated district in India—and the Allahabad division. The city is the administrative capital of Uttar Pradesh with Allahabad High Court being the most important judicial body in the state. As of 2011, Allahabad is the seventh most crowded city in the state. Allahabad has a wet subtropical environment natural to cities in the plains of North India.

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