Best Banks for Two Wheeler Loan in Hyderabad
|
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 Hyderabad Features
Apply for a Two Wheeler Loan
Thinking of purchasing a new bike? But do not have the required finances for it? Do not worry! A Two Wheeler Loan is convenient for you. A Two Wheeler Loan is a means of funding or financial assistance offered by banks and NBFCs to the individuals at a reasonable rate of interest.
A Two Wheeler Loan in Hyderabad helps you in buying a bike or scooter with your choice. Two Wheeler Loan in Hyderabad 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 Hyderabad are:
- Processing is easy and hassle-free
- Disbursal of Loan amount faster
- Two Wheeler Loans are accessible at a reasonable interest rate
- Easy repayment choices are available for you
- Fulfill your desire and aspirations for buying a new two-wheeler
- Two Wheeler Loans are easily convenient through Dialabank
Two Wheeler Loan in Hyderabad 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 Hyderabad Documents Required
Documents required for a two wheeler loan are as followed:
For Salaried:-
- Self Evidence: PAN Card, Voters ID card, Passport copy, Driving License
- Salary Proof: Latest 3-month salary slip with form 16
- House Evidence: 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
- Address Proof(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 Hyderabad 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 Hyderabad
Processing Fees / Prepayment Charges on Two Wheeler Loan in Hyderabad
The processing fee is the fee taken by the bank for the procedure of a two wheeler loan. This varies from bank to bank and depends on the amount of loan. The processing fee charges for a two wheeler loan in Hyderabad is up to 3% of the loan amount (maximum).
Prepayment charges are the charges you will pay to the bank if you wish to pay the loan amount before the time for lowering your interest burden. Prepayment charges vary from 3% to 10% of the outstanding principal for getting a two wheeler loan from Hyderabad.
Two Wheeler Loan in Hyderabad Contact Number
Dialabank is the most trustworthy agent who will assist and serve you in the entire processing of two wheeler loan.
You can apply online with Dialabank and avail of the best offers on a two wheeler loan with approval faster or you can contact on this number for any queries about the two wheeler loan in Hyderabad 9878981166.
Our customer care representative will provide you guidance and assistance to solve your queries regarding a two wheeler loan.
Pre Calculated EMI Table for Two Wheeler Loan in Hyderabad
| 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 Hyderabad
About Hyderabad
Hyderabad is the capital and the largest of Telangana state, India. It is established by Muhammad Quli Qutb Shah. According to the 2011 census, it is the 4th most populous in India.
It has three National parks as Mrugavani National Park, Mahavir Harina Vanasthali National Park, and Kasu Brahmananda Reddy National Park.
Other Cities For Two Wheeler Loan
