Two Wheeler Loan Ludhiana

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Best Banks for Two Wheeler Loan in Ludhiana

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 Ludhiana Features

If you are planning to buy a bike, then availing of a two-wheeler loan is the best way to go. It is a loan that offers the money required for buying a bike. You can use the loan amount to buy a new as well as a used bike according to your requirement.

Features of Two Wheeler Loan Ludhiana

Affordable
Simple and Hassle-free
Easy to payback
Flexibility of payment
Speedy Approval in 4 hours
Minimum Documentation
Attractive Interest Rates

Two Wheeler Loan Ludhiana Interest Rates

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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Two Wheeler Loan Ludhiana Documents Required

For Salaried:-

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

For Self Employed:-

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

Two Wheeler Loan Ludhiana Eligibility Criteria

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 a 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 Ludhiana

Processing Fees / Prepayment Charges on Two Wheeler Loan in Ludhiana

Processing Fees– Up to 3% of the loan amount (maximum)

Pre-payment 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 Ludhiana Contact Number

In case of any queries regarding the two-wheeler loan in Ludhiana, you may contact on the number 9878981166 for any sort of assistance. Visit Dialabank to know more.

Pre Calculated EMI Table for Two Wheeler Loan Ludhiana

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 Ludhiana

Ludhiana is a town and a municipal corporation in the district of Ludhiana, in the Punjab Indian state. Ludhiana is the largest town in Punjab and the largest town in north Delhi.

As of the 2011 census, the town has an area of 311 km2 (120 sq mi) and an approximate population of 1,618,879.

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Two Wheeler Loan EMI Calculator Ludhiana

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