Best Banks for Two Wheeler Loan in Hubli
Two Wheeler Loan in Hubli Features
Following are the numerous benefits of a two-wheeler loan
- 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.
- 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
- 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.
- 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.
- 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.
To check Two Wheeler Loan Interest Rate for all major banks, you can visit Two Wheeler Loan Interest Rate.
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:
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.