Hdfc Bank Se Two Wheeler Loan Kaise Le: HDFC Bank is one of the trusted financial institutions which has always satisfied its clients with the services. It offers various types of loans to its customers so that they can fulfill their dreams. There are some people who want to buy a two wheeler but are unable to do so due to lack of money. In such a situation, you can apply for HDFC Two Wheeler Loan, here you get the loan at the lowest interest rate. HDFC Two Wheeler Loan gives a repayment tenure of 48 months. Hence you should explore the various details of this loan and see how it will help you in buying the bike or scooter of your dreams.
HDFC Bank Two Wheeler Loan Interest Rate & Other Details
|HDFC Details||Key Facts|
|interest rate for two wheeler||11.85% to 31.54% p.a.|
|interest rate for super bike||9.28% to 16.16% p.a.|
|loan repayment period||12 months to 48 months|
|principal amount||100% loan for certain types of models|
|processing fee||Maximum 3% of loan amount|
|documentation fee||Maximum 3% of loan amount|
HDFC Bank Two Wheeler Loan Loan Charges
|prepayment fee||10% of the principal if done within 4 months to 6 months. |
6% of the principal amount if it is done within 7 months to 12 months. 5% of the principal amount if it is done within 13 months to 24 months.
3% of the principal amount if done after 24 months.
|Late EMI interest||2.5% per month for unpaid details.|
|check bounce charges||500 rupees|
|Duplicate NOC Fee||Rs.500 per request|
|loan rebooking charges||1000 rupees|
|ECS swapping charges||500 rupees|
|amortization schedule fee||200 rupees|
Eligibility Criteria for Two Wheeler Loan from HDFC Bank
- Applicant should be a salaried person or self-employed.
- Applicant’s age should be minimum 21 years to apply for Two Wheeler Loan.
- The maximum age of the applicant to apply for this loan is 65 years.
- Salaried individuals should have an annual income of at least Rs.84000.
- The annual income income of self-employed persons should be at least Rs 72000.
- Individuals must have resided at the given residence for at least 1 year.
- Persons who have been working for at least 1 year.
- Must have a telephone / office landline connection.
- A credit score of minimum 750 is considered good.
Documents required for loan
If you are applying for HDFC Two Wheeler Loan then you need to keep the documents which are to be submitted while applying for the loan.
- voter id card
- driving license
- pan card
- Copy of Company ID Card of MNC/Public Limited/PSU/Govt.
- Ration card photo copy is available here
- voter id card
- driving license
- rent agreement
- telephone bill
- electricity bill
- gas connection bill
- Ration card
- property purchase agreement
- Credit Card Bill Details (Latest)
- LIC Policy
- income proof
Salaried : Latest Salary Slip for Government Employees.
For Self-Employed: Photocopy of latest Income Tax Return
HDFC Bank Customer Care Number for Two Wheeler Loan
You can also contact through HDFC Bank customer care numbers in different cities. You can apply for a two-wheeler loan by contacting the customer care executive of the bank.
|city||customer care number|
|Delhi and NCR||011-61606161|
Frequently Asked Questions on Two Wheeler Loan from HDFC Bank
What is the age limit of HDFC Bank applicant?
Minimum age should be 21 years and maximum 65 years at the time of loan maturity.
How Much Financing Can I Get on HDFC Bank Two-Wheeler Loan?
You can get up to 100% of the on-road price of the two-wheeler.
Is there any processing fee for HDFC Bank Two-Wheeler Loan?
Yes, a maximum of 3% of the loan amount will be charged for processing HDFC Bank Two-Wheeler Loan.
Do self-employed individuals guarantee to get bike loan from HDFC Bank
Yes, self-employed individuals with a good credit score need to provide a single guarantor
Can I prepay the loan?
Yes, you can prepay the loan after paying EMI for three months.
How to take Two Wheeler Loan from HDFC Bank?
You can apply for a two wheeler loan through HDFC Bank online banking services. https://apply.hdfcbank.com/vivid/twl_newuiux#TWL_New_Login
If you are an existing customer, you may be eligible to get a Two Wheeler Loan in 10 seconds. You can log in to your NetBanking and get more details. You can also visit the nearest branch of HDFC Bank. However, applying online through HDFC Bank NetBanking is faster and saves resources.
If I do not have an account with HDFC Bank, can I take a two wheeler loan?
Yes, you do not necessarily have to have an account with HDFC, you can get a two wheeler loan from HDFC Bank.
What are the different modes of repayment of HDFC Bank Two Wheeler Loan?
Repayment through Standing Instruction (SI) for HDFC Bank account holders and NACH for external account holders are available. Apart from these digital repayment modes are also available like – Payzapp, Gpay, Billdesk, Paytm etc.
How to reduce the interest rate on HDFC Bank Two-Wheeler Loan?
HDFC Bank offers several ways to lower the interest rate on your two wheeler loan. All you need to do is open a women’s savings account to get the 2% lower interest rate, or a savings maximum account to save Rs 2,375.
How to reduce the processing fee on your HDFC Bank Two Wheeler Loan?
With HDFC Bank you can get the option to reduce your processing fees. Open a Women’s Savings Account or Savings Max Account with HDFC Bank and you can avail a 50% discount on the processing fee of your Two Wheeler Loan.
You can ask questions by opening https://apply.hdfcbank.com/vivid/retailassets or mailing to Loansupport@hdfcbank.com for loan related inquiries.