Two Wheeler Loan in Rajkot

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Best Banks for Two Wheeler Loan in Rajkot

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 Rajkot Features

Thinking of purchasing a new two-wheeler? But don’t have the required funds for it? Do not worry! A Two-Wheeler Loan is here for you. A Two-wheeler loan is a means of funding or financial help provided by banks and NBFCs to the applicants at an affordable rate of interest to aid them in buying a two-wheeler, whether new or used.

Two-wheelers have become a necessity for everyone, but the cost of two-wheelers is growing rapidly daily. This is where a two-wheeler loan comes into play and fulfils your desire to be the owner of your dream two-wheeler. The main features of a two-wheeler loan in Rajkot are:

Two-wheeler loans are available at low interest rates
Almost all major banks and NBFCs offer two-wheeler loans in Rajkot
The documentation process is quick and hassle-free
Two-wheeler loans are easily available through Dialabank

Two Wheeler Loan in Rajkot Interest Rate

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

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Know More – Two-wheeler Loan interest rate

Two Wheeler Loan in Rajkot Documents Required

Documents required for a two-wheeler loan are as followed:

For Salaried:-

Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
Income Proof: Latest 3-month salary slip with form 16
Address Proof: Driving license / Voters card / Passport Copy / Telephone Bill / Ration card / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last 6 months.

For Self Employed:-

Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
Income Proof: Latest ITR
Address Proof: Voters card / Passport Copy / Ration card / Telephone Bill / Driving license / Electricity Bill / Life Insurance Policy /PAN Card
Bank Statement: Last 6 months.

Two Wheeler Loan in Rajkot Eligibility Criteria

For Salaried:-

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: 1 year in current employment and a minimum of 2 years of employment
Minimum Annual Income: Rs 1,00,000 net annual income

For Self-Employed:-

Minimum age: 21 years
Maximum age at loan maturity: 65 years
Minimum employment: at smallest 3 years in sales
Minimum Annual Income: Net profit Rs. 60,000 p.a for regular cars and Rs.1,00,000 p.a. for mid-sized and superior cars

Two-wheeler loan for Top selling bikes in Rajkot

Processing Fees / Prepayment Charges on Two-wheeler Loan Rajkot

The processing fee charges on a two-wheeler loan in Rajkot are Up to 3% of the loan amount (maximum). Prepayment Charges are 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.

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Two Wheeler Loan in Rajkot Contact Number

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

Pre Calculated EMI Table for Two Wheeler Loan in Rajkot

Rate	5 Yrs	4 Yrs	3 Yrs
10.50%	2149	2560	3250
11.00%	2174	2584	3273
11.50%	2199	2608	3297
12.00%	2224	2633	3321
12.50%	2249	2658	3345
13.00%	2275	2682	3369
13.50%	2300	2707	3393
14.00%	2326	2732	3417
14.50%	2352	2757	3442
15.00%	2378	2783	3466