Two Wheeler Loan Jabalpur

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Two Wheeler Loan Jabalpur

Best Banks for Two Wheeler Loan in Jabalpur

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 Jabalpur Features

Two Wheeler Loan Jabalpur

Sometimes choosing different bikes is difficult due to the money barrier?

Facing the same situation?

Do not worry! A Two Wheeler loan is here for you. A Two Wheeler loan Jabalpur 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.

The loan can be availed for new or used Two Wheeler. Two Wheelers have become a necessity for everyone.

Apply For Two Wheeler Loan

However, the cost of Two Wheelers is growing rapidly. 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 are:

  1. Two Wheeler loans are available at low-interest rates
  2. Almost all major banks and NBFCs offer Two Wheeler loans in Jabalpur
  3. Easy and simple processing
  4. Loan amount disbursed quickly
  5. Two Wheeler Loans are available at a reasonable interest rate
  6. Easy repayment options are available for you
  7. Fulfil your desire for buying a new Two Wheeler
  8. Two Wheeler Loans are easily available through Dialabank

Get Two Wheeler Loan Jabalpur by visiting us at Dialabank, to ensure your loan gets approved fast, safe, and without any complications. We have already worked with thousands of loan seekers and they have rated our service as one of the best!

Two Wheeler Loan Jabalpur 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

To check Two Wheeler Loan Interest Rate for all major banks you can visit: Two Wheeler Loan Interest Rate

Two Wheeler Loan Jabalpur Documents Required

Click here to know more about Two Wheeler Loan Documents Required

For Salaried:

  • Required Documents: Pan Card
  • Identity Proof (Any 1):  Voters ID Card / Passport copy / Driving License / Aadhaar Card
  • Income Proof: Latest 3-month salary slip with form 16.
  • Address Proof (Any 1): Driving license / Voters ID Card / Passport Copy / Telephone Bill /  Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statement: Last 6 months.

 For Self Employed Individual:

  • Required Documents: Pan Card
  • Identity Proof (Any 1): Voters ID Card / Passport copy / Driving License / Aadhaar Card
  • Income Proof: Latest ITR
  • Address Proof(Any 1): Driving license / Voters ID Card / Passport Copy / Telephone Bill /  Electricity Bill / Life Insurance Policy /PAN Card
  • Bank Statement: Last 6 months.

Two Wheeler Loan Jabalpur Eligibility Criteria

The following criteria are must and should be met by the applicant to get a Two Wheeler loan approved:

For salaried:

  • Age Group: The applicant should be of at least 21 years of age and a maximum of 65 years of age.
  • Minimum Monthly Income: The average monthly income of the applicant should be no less than Rs 7000.
  • CIBIL Score: 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. Usually, a CIBIL score of 750 and above is considered by the banks.

For self-employed individual:

  • Age Group: The applicant should be of at least 21 years of age and a maximum of 65 years of age.
  • Minimum Monthly Income: The average monthly income of the applicant should be no less than Rs 6000.
  • CIBIL Score: 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. Usually, a CIBIL score of 750 and above is considered by the banks.

Click here to know more about Two Wheeler Loan Eligibility

Two Wheeler Loan for Top Selling Bikes in Jabalpur

Processing Fees / Prepayment Charges on Two Wheeler Loan in Jabalpur

The processing fee charges on a Two Wheeler loan in Jabalpur 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 Jabalpur Contact Number

In case of any queries regarding the Two Wheeler loan in Jabalpur, you may dial to contact on +919878981166 for any sort of assistance.

Pre Calculated EMI Table for Two Wheeler Loan Jabalpur

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 Jabalpur

Jabalpur is a city in the middle Indian state of Madhya Pradesh. On a rugged hilltop on the western outskirts of the city is the Madan Mahal Fort, established-in 1116. Farther west, the centuries-old Pisanhari Ki Madiya Jain temple gives views of the city.

Two Wheeler Loan EMI Calculator

FAQs for Two Wheeler Loan:

✅ Why should I apply for a Two Wheeler Loan Jabalpur?

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

✅ Can a Two Wheeler loan from Jabalpur fund my vehicle purchase completely?

Most banks in Jabalpur offer to fund up to 85% or even 90% of the vehicle cost. However, few lenders in Jabalpur even fund for the 100% amount but charge some additional costs and add some conditions to it.

✅ What costs will a Two Wheeler Loan Jabalpur cover?

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