Two Wheeler Loan in Ranchi

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Two Wheeler Loan in Ranchi

Best Banks for Two Wheeler Loan in Ranchi

Features of Two Wheeler Loan in Ranchi

  1. Two Wheeler LoanTwo Wheeler Loan in Ranchi in Ranchi is available easily online.
  2. You can buy any Two wheelers with the help of a Two-wheeler loan.
  3. The loan is quickly approved and easily disbursed.
  4. You can pay your loan amounts in EMI’s.
  5. You can return the loan within1 to 3 years.
  6. You can get Two wheeler loans all over India.
Two Wheeler Loan Ranchi Interest Rates

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%
Private Bank Car Loan
0.25% to 1.50%
2%, Nil foreclosure charges after 36 months
SBI Car Loan
500/- to 0.50%
Kotak Car Loan
1% to 2%
2.25% of foreclosure amount if closed 1 month ahead of the tenure.
IIFL Car Loan
Muthoot Car Loan
Manappauram Car Loan
PNB Car Loan
0.70% to 1%
Canara Bank Car Loan
Andhra Bank Car Loan

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Know More – Two wheeler Loan interest rate

Two Wheeler Loan Ranchi Documents Required

Documents required for a two wheeler loan are as followed:

For Salaried:-

  • Address Proof: Driving license / Voters card / Passport Copy / Aadhaar Card
  • Compulsory Documents: PAN Card
  • Identity Proof: Aadhaar Card, Voters ID card, Passport, Driving License
  • Bank Statement: Last 3 months.

For Self Employed:-

  • Identity Proof: PAN Card, Voters ID card, Passport copy, Driving License
  • Address Proof: Voters card / Passport Copy / Driving license / Aadhaar Card
  • Bank Statement: Last 3 months.
  • Required Documents: PAN Card

Two Wheeler Loan Ranchi 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 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 Ranchi

Processing Fees / Prepayment Charges on Two Wheeler Loan in Ranchi

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 Ranchi Contact Number

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

Visit Dialabank to know more.

Pre Calculated EMI Table for Two Wheeler Loan Ranchi

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 Ranchi

Ranchi is the capital of the Indian state of Jharkhand and the fourth largest city of India by population. Ranchi was the hub of the Jharkhand movement, calling for separate state for the tribal regions of South Bihar, northern Orissa, western Bengal, and eastern Chattisgarh of today.

Two Wheeler Loan EMI Calculator Ranchi

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FAQs for Two Wheeler Loan:

✅ Why should I apply for a Two Wheeler Loan in Ranchi?

Owning a Two Wheeler in Ranchi can make you feel confident and independent. However, paying for it out of your pocket can make it a financial burden for you, and the Ranchi Two Wheeler loan helps you pay for the vehicle through easily affordable monthly payments.

✅ Can a Two Wheeler Loan in Ranchi fund my vehicle purchase completely?

Most banks in Ranchi offer to fund up to 85% or even 90% of the vehicle cost. However, few lenders in Ranchi 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 Ranchi cover?

A Two Wheeler loan in Ranchi will cover the registration charges, insurance, as well as accessories. You can get even more benefits in Ranchi if your bank has a tie-up with a particular Two Wheeler company.