Best Banks for Two Wheeler Loan in Delhi
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 in Delhi Features
Thinking of purchasing a new bike? Do you have the need for finances for it? Do not worry! A Two Wheeler Loan is accessible for you. A Two Wheeler Loan is a means of funding or financial help offered by banks and NBFCs to individuals at a reasonable interest rate.
A Two Wheeler Loan in Delhi helps you in buying a bike or scooter with your choice. Two Wheeler Loan in Delhi is available for both the salaried as well as for the self-employed individuals.
Some of the main features of a Two Wheeler Loan in Delhi are:
- Easy and smooth processing
- Loan amount disbursed faster
- Two Wheeler Loans are convenient at a reasonable interest rate
- Easy repayment choices are available for you
- Fulfil your desires and aspirations for buying a new two-wheeler
- Two Wheeler Loans are easily accessible through Dialabank
Two Wheeler Loan in Delhi 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
|
Know More – Two-wheeler Loan interest rate
Two Wheeler Loan in Delhi Documents Required
Documents required for a two-wheeler loan are as followed:
For Salaried:-
- Proof of Recognition: PAN Card, Voters ID card, Passport copy, Driving License
- Salary Proof: Latest 3-month salary slip with form 16
- Accommodation 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:-
- Recognition Proof: PAN Card, Voters ID card, Passport copy, Driving License
- Evidence of Residence(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 in Delhi Eligibility Criteria
The two-wheeler loan eligibility requirements are as followed:
For Salaried:-
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: 1 year in the job and a minimum of 2 years of job
- Minimum Monthly Income: Rs. 7,000
- High CIBIL Score: Get the loan easily
For Self-Employed:-
- Minimum age: 21 years
- Maximum age at loan maturity: 65 years
- Minimum employment: 3 years
- Minimum Monthly Income: Rs. 6,000
Two Wheeler Loan for Top Selling Bikes in Delhi
Processing Fees / Prepayment Charges on Two Wheeler Loan in Delhi
The processing fee is the charges taken by the bank for the processing of a two-wheeler loan. This varies from bank to bank. It depends on the loan amount. The processing fee charges for a two-wheeler loan in Delhi is up to 3% of the loan amount (maximum).
Prepayment charges are the charges you will pay to the bank if you want to pay the loan amount before the time for reducing your interest burden. Prepayment charges vary from 3% to 10% of the outstanding principal for getting a two-wheeler loan from Delhi.
Two Wheeler Loan in Delhi Contact Number
Dialabank is the most trustworthy agent who will serve and assist you in the entire processing of a two-wheeler loan.
You can apply online with Dialabank and avail of the best deals and offers on a two-wheeler loan with approval quickly or you can contact this number for any queries about the two-wheeler loan in Delhi 9878981166.
Our customer care representative will provide you with guidance and assistance to solve your queries about a two-wheeler loan.
Pre Calculated EMI Table for Two Wheeler Loan in Delhi
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 Delhi
About Delhi
Delhi is officially called the National Capital Territory(NCT) of Delhi. It is a city and a union territory containing New Delhi. It is bordered by Haryana state on three sides and by Uttar Pradesh to the east. As per the 2011 census, it had a population of over 11 million.
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