Two Wheeler Loan Rourkela

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Best Banks for Two Wheeler Loan in Rourkela

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 Rourkela Features

Sometimes making a choice regarding different bikes is difficult due to the money barrier?

Facing the same situation?

Two Wheeler Loan Rourkela

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.

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

However, the cost of Two Wheelers is growing rapidly. This is where a Two Wheeler loan comes into play and fulfills your desire to be the owner of your dream Two Wheeler. The main features of a Two Wheeler Loan are:

Two Wheeler loans are available at low-interest rates
Almost all major banks and NBFCs offer Two Wheeler loans in Rourkela
Easy and simple processing
Loan amount disbursed quickly
Two Wheeler Loans are available at a reasonable interest rate
Easy repayment options are available for you
Fulfill your desire for buying a new two-wheeler
Two Wheeler Loans are easily available through Dialabank

Get Two Wheeler Loan Rourkela 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 Rourkela 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

Know more about Two Wheeler Loan Interest Rates.

Two Wheeler Loan Rourkela Documents Required

Salaried Individual

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.

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.

Know more about Two Wheeler Loan documents required.

Two Wheeler Loan Rourkela Eligibility Criteria

The following criteria are must and should be met by the applicant in order to get a two-wheeler loan approved:

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 (salaried) and Rs 6000 (self-employed).
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.

Know more about Two Wheeler Loan eligibility criteria.

Two Wheeler Loan for Top Selling Bikes in Rourkela

Processing Fees / Prepayment Charges on Two Wheeler Loan in Rourkela

Processing Fee: Up to 3% of the loan amount (maximum)
Prepayment Charges: From 3% to 10% of the outstanding principal
Pre-payment charges: Within 4 to 6 months – 10% of principal outstanding.
Within 7 to 12 months – 6% of principal outstanding.
Within 13 to 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 Rourkela Contact Number

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

Pre Calculated EMI Table for Two Wheeler Loan Rourkela

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 Rourkela

Rourkela is a strategically planned city located in the northern part of Odisha in India. The city is also the headquarter of the Sundargarh district and it is the third-largest Urban Agglomeration in Odisha state.

Two Wheeler Loan EMI Calculator

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