Two Wheeler Loan in 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

Features of Two Wheeler Loan in Allahabad

A bike often becomes an essential vehicle when it is about meeting quick requirements. To help you in buying a bike, the cheap Two Wheeler Loan will play a vital role. This loan provides the essential fund, for buying a motorbike, along with favourable and convenient terms and conditions.

Affordable
Simple and Hassle-free
Easy to payback
Flexibility of payment
Speedy Approval in 4 hours
Minimum Documentation
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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Know More – Two-wheeler Loan interest rate

Two Wheeler Loan Allahabad Documents Required

Documents required for a two-wheeler loan are as followed:

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

Two Wheeler Loan Allahabad Eligibility Criteria

The two-wheeler loan eligibility requirements are as followed:

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)

Two Wheeler Loan for Top Selling Bikes in Allahabad

Processing Fees / Prepayment Charges on Two Wheeler Loan in Allahabad

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 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.

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

About Allahabad

Allahabad, officially known as Prayagraj and also known as Illahabad and Prayag, is a metropolis in the Indian State of Uttar Pradesh. It is the administrative headquarters of the district of Allahabad – the state’s most populous district and India’s 13th most populous district – and the division of Allahabad.

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