Best Banks for Two-wheeler Loan in Nagpur
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 Nagpur Features
With ever-growing demands, Two Wheelers have also become a need. Two Wheelers are the best solution for an efficient medium to run errands anytime, anywhere. Now even if your bank balance does not allow you to go out and buy a Two Wheeler, Dialabank got your back, with the easiest answers to all your two-wheeler loan related queries.
Get an instant Two-wheeler Loan from Dialabank in simple, hassle-free steps. Dialabank helps you to avail of a Two Wheeler Loan in Nagpur with a loan tenure of 1 year to 4 years with fringe benefits that include; basic loan documents, lowest EMI, and flexibility to choose a two-wheeler of your own choice.
Here you go on roads with your personal (bike, scooter, superbikes, etc.) on roads with Dialabank since we allow you to go through all options from efficient to luxurious with the most transparent loan procedure. With such a simple procedure acquiring a Two Wheeler is no more a forbidden dream.
Two Wheeler Loan Interest Rates
The interest rate for the Two Wheeler Loan in Nagpur Starts at 11.83% p.a.
To check the Two Wheeler Loan Interest Rate for all central banks, you can visit Two Wheeler Loan Interest Rate.
Two Wheeler Loan Nagpur Documents Required
Click here to know more about Two Wheeler Loan Documents Required
For Salaried:-
- Identity Proof can be any of the following: PAN Card, Voters ID card, Passport copy, Driving License any one of these.
- Compulsory Document: PAN Card is mandatory to submit
- Address Proof can be any of the following: Driving license / Voters card / Passport Copy / Telephone Bill / Ration card / Electricity Bill / Life Insurance Policy can be anyone of these
- Bank Statement is compulsory: Last 6 months of the applicant from Nagpur.
For Self Employed:-
- Identity Proof can be any of the following: PAN Card, Voters ID card, Passport copy, Driving License can be any of these.
- Required Document: PAN Card is mandatory to submit
- Address Proof can be any of the following: Voters card / Passport Copy / Ration card / Telephone Bill / Driving license / Electricity Bill / Life Insurance Policy
- Bank Statement is compulsory: Last 6 months of the applicant from Nagpur.
Two Wheeler Loan Nagpur Eligibility Criteria
Click here to know more about Two Wheeler Loan Eligibility
For Salaried:-
- The applicant should be of at least 21 years of age, and a maximum of 65 years of age is a compulsory criterion.
- The average monthly income of Rs 7000.
- CIBIL Score has a direct impact on your eligibility for the loan. If you have a high CIBIL score, you can get approval for the loan easily.
For Self-Employed:-
- The applicant should be of at least 21 years of age, and a maximum of 65 years of age is strictly required.
- The income average of Rs 6000 on a monthly basis.
- CIBIL Score has a direct impact on your eligibility for the loan. If you have a high CIBIL score, you can get approval for the loan quickly.
Two Wheeler Loan for Top Selling Bikes in Nagpur
Processing Fees / Prepayment Charges on Two Wheeler Loan in Nagpur
- The Processing Fee required for availing Two Wheeler Loan in Nagpur is 3% of the loan amount (maximum).
- The Payment Charges required for availing of a Two-wheeler Loan in Nagpur are simply processed from 3% to 10% of the outstanding principal.
- And Prepayment Charges for Two wheeler loan Nagpur include:
- Within 4 to 6 months – 10% of principal outstanding
- Within 7 to 12 months – 6% of principal outstanding
- 13-24 months – 5% of principal outstanding
- Post 24 months – 3% of principal outstanding
- Prepayment is not allowed within three months of EMI repayment.
Two Wheeler Loan in Nagpur Contact Number
In case of any queries regarding the Two Wheeler Loan in Nagpur, you may contact on the number 9878981166 for any sort of assistance regarding your Two Wheeler Loan, or you can also visit us at Dialabank.
Pre Calculated EMI Table for Two Wheeler Loan Nagpur
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 Nagpur
Nagpur is one of the largest cities in the central Indian state of Maharashtra. The 19th-century Nagpur Central Museum displays items found locally, including fossils, sarcophagi, and Mughal weaponry. The Raman Science Centre has hands-on exhibits and a planetarium. Sitabuldi Fort, in the Sitabuldi Hills, was the site of an 1817 battle. To the southwest, the immense, domed Deekshabhoomi is a Buddhist monument and pilgrimage site. The official language used in Nagpur is Marathi. Nagpur is ranked along with the fastest growing cities with a major population of households.
Two Wheeler Loan EMI Calculator
FAQs for Two Wheeler Loan:
✅ Why should I apply for a Two Wheeler Loan in Nagpur?
Owning a Two Wheeler in Nagpur 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 Nagpur Two Wheeler loan helps you pay for the vehicle through easily affordable monthly payments.
✅ Can a Two Wheeler loan from Nagpur fund my vehicle purchase completely?
Most banks in Nagpur offer to fund up to 85% or even 90% of the vehicle cost. However, few lenders in Nagpur 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 Nagpur cover?
A Two-Wheeler loan from Nagpur will cover the registration charges, insurance, as well as accessories. You can get even more benefits in Nagpur if your bank has a tie-up with a particular Two Wheeler company.
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