Two Wheeler Loan in Vishakhapatnam

Best Banks for Two Wheeler Loan in Vishakhapatnam

Two Wheeler Loan in Vishakhapatnam 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 Vishakhapatnam 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 in Vishakhapatnam

The interest rate for the Two Wheeler Loan in Vishakhapatnam Starts at 11.83% p.a.

Know More – Two-wheeler Loan interest rate

Two Wheeler Loan in Vishakhapatnam Documents Required

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

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 Vishakhapatnam.

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 Viar.

Two Wheeler Loan in Vishakhapatnam Eligibility Criteria

The two-wheeler loan eligibility requirements are as followed:

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 the 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 monthly basis.
• CIBIL Score has a direct impact on your eligibility for the loan. If you have a high CIBIL score, you can get the approval for the loan easily.

Two Wheeler Loan for Top Selling Bikes in Vishakhapatnam

Processing Fees / Prepayment Charges on Two Wheeler Loan in Vishakhapatnam

The Processing Fee required for availing Two Wheeler Loan in Vishakhapatnam is 3% of the loan amount (maximum). The Payment Charges required for availing of Two wheeler Loan in Vishakhapatnam are simply processed from 3% to 10% of the outstanding principal.

And Prepayment Charges for Two wheeler loan in Vishakhapatnam 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 Vishakhapatnam Contact Number

In case of any queries regarding the Two Wheeler Loan in Vishakhapatnam, you may contact us on the number 9878981166 for any sort of assistance or you can also visit us at Dialabank.

Pre Calculated EMI Table for Two Wheeler Loan in Vishakhapatnam

About Vishakhapatnam

Visakhapatnam is also known as Vizag and Viśākha is the executive capital and the largest city of the Indian state of Andhra Pradesh. Vishakhapatnam lies between the Eastern Ghats and the coast of the Bay of Bengal. Major landmarks in the city include Dolphin’s Nose, lighthouse, Kailasagiri, Beach Road, VMRDA Park, Visakha Museum, and Matsyadarsini. Telugu is the official language used in Vishakhapatnam.

Two Wheeler Loan EMI Calculator

FAQs on Bike Loan in Visakhapatnam

✅ Can I pre-pay a Two Wheeler Loan?

Yes, you can generally pre-pay a Two Wheeler Loan if you wish to. However, the bank may charge a prepayment fee when you do so.

✅ Can a two-wheeler loan fund my vehicle purchase completely?

Most banks offer to fund up to 85% or even 90% of the vehicle cost. However, some lenders may even fund 100% of the amount while charging some additional costs and adding some conditions to it.

✅ What if I’m not able to repay my loan on time?

If you are not able to repay your loan amount on time, the bank will get the authority to sell off your bike to recover the lost debt. Your CIBIL score will be impacted negatively making it difficult for you to avail of loans in the future.

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