Best Banks for Two Wheeler Loan in Kanpur
|
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 Kanpur Features
If you are planning to buy a bike, then availing of a two-wheeler loan is the best way to go. It is a loan that offers the money required for buying a bike. You can use the loan amount to buy a new as well as a used bike according to your requirement.
Features of Two Wheeler Loan Kanpur
- Affordable
- Flexibility of payment
- Simple and Hassle-free
- Minimum Documentation
- Easy to payback
Two Wheeler Loan Kanpur 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 Kanpur 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 Kanpur 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 Kanpur
Processing Fees / Prepayment Charges on Two Wheeler Loan in Kanpur
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 Kanpur Contact Number
In case of any queries regarding the two-wheeler loan in Kanpur, 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 Kanpur
| 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 Kanpur
Two Wheeler Loan EMI Calculator Kanpur
FAQs on Two Wheeler Loan in Kanpur
✅ What is the maximum loan amount I can get for a Two Wheeler Loan?
The maximum loan amount granted to you depends on your credit profile and existing obligations. The maximum loan amount sanctioned for pre-approved Two Wheeler Loans can be up to Rs.3 lakhs. It can vary from bank to bank.
✅ What are the tenure options for a Two Wheeler Loan?
The tenure for a Two Wheeler loan typically ranges from 6 months to 60 months depending on the loan amount. You can choose the loan tenure at your convenience.
✅ Does credit score impact a Two Wheeler Loan approval?
Yes, your credit score may be considered when you apply for a Two Wheeler Loan. It helps banks in determining your financial position. A score of 750 or above will help you to attain a loan easily and for a larger amount.
