Two Wheeler Loan in Hubli

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Two Wheeler Loan in Hubli

Best Banks for Two Wheeler Loan in Hubli

Two Wheeler Loan in Hubli Features

Two Wheeler Loan

Following are the numerous benefits of a two-wheeler loan

  1. Margin provided by banks: On average, two wheeler loans will pay for up to 90% to 98% finance margin depending on the individual to individual. Which further results in the customer can make a down payment of only 10% of their loan.
  2. Annual pay/income/salary: Banks often offer these loans to people who are earning as low as INR 7000 per month for a salaried individual and INR6,000/- for self-employed
  3. No prepayment charges: Banks do not charge any prepayment charges if you are able to pay up your loaned amount before your tenure ends. This is often suitable for few customers because it helps to clear off the debts faster if you can.
  4. Extra charges covered: These loans cover the cost of accessories, insurance, and event registration. This means that customers are getting finance for the vehicle and the essential expenses on the same.
  5. Loan Tenure: Borrowers are provided with reasonable time to pay back for their two-wheeler loan with tenures that ranges from 12 to 48 months, and in some cases, it extended to 5 years.

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Two Wheeler Loan in Hubli 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 in Hubli 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

Click here to know more about Two Wheeler Loan Documents Required

Two Wheeler Loan in Hubli 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 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 Hubli

Processing Fees / Prepayment Charges on Two Wheeler Loan in Hubli

Processing Fees– Up to 3% of the loan amount (maximum)

Prepayment 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 Hubli Contact Number

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

Visit Dialabank to know more.

Pre Calculated EMI Table for Two Wheeler Loan in Hubli

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 Hubli

Hubli, or one can say Hubballi. It is a city that lies in south India in the state of Karnataka. Hills named Nrupatunga beta offers pleasing sunset and great city views. In the name of Lord Shiva, the centuries-old Chandramouleshwara Temple has magnificent black granite pillars and carvings of ornate. Gardens surrounded by Unkal Lake features a statue of great monk Swami Vivekananda in the centre. Utsav Rock Garden is home to sculptures depicting the local folk culture in the south of the city.

Two Wheeler Loan EMI Calculator Hubli

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FAQs for Two Wheeler Loan in Hubli:

✅ Why should I apply for a Two Wheeler Loan in Hubli?

Owning a Two Wheeler Loan in Hubli can make you feel confident and independent. However, paying for it out of your own pocket can make it a financial burden for you, and the Hubli Two Wheeler Loan loan helps you pay for the vehicle through easily affordable monthly payments.

✅ Can a Two Wheeler Loan loan from Hubli fund my vehicle purchase completely?

Most banks in Hubli offer to fund up to 85% or even 90% of the vehicle cost. However, few lenders in Hubli even fund for the 100% amount but charge some additional costs and add some conditions to it.

✅ What costs will a Two Wheeler Loan in Hubli cover?

A Two Wheeler Loan loan from Hubli will cover the registration charges, insurance, as well as accessories. You can get even more benefits in Hubli if your bank has a tie-up with a particular Two Wheeler Loan company.