This Article is based on HDFC Bank’s offers Loan on Two Wheeler Bike Loan. HDFC Bank is the best loan bank for a two-wheeler, Bike loan &other loans services like HDFC Home Loan, HDFC Car Loan, HDFC Business Loan, HDFC Credit Card Loan, HDFC Instant loan, & HDFC Personal Loans.
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HDFC Bank Two-wheeler Loan| Bike Loan |
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| 1 | HDFC Bank Bike Loan Interest Rate – 14.50% based on EMI |
| 2 | Processing fee – Up to 2.5% of the Loan Amount |
| 3 | Loan Amount – Rs.20,000 to Rs.2 Lakh |
About Two Wheeler Loan
Table of Contents
Every middle class dreams of buying a bike or a scooty but they cannot afford it because of their financial problems. To solve this problem the Bank comes with a Bike Loan like Business Loan, Home Loan.
HDFC Bank offers Loan on Two Wheeler | Bike Loan
If you are a customer of HDFC Bank, enjoy a 2% lower interest rate and a 50% discount on the processing fee. Without any hidden charges and experience, you will get Loan Approval within 15 minutes.
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HDFC Bank Bike Loan – How to apply online?
- Open HDFC Bank official Website.
- The Go-to Loan Section, and Click on Two-Wheeler Loan under Personal Section.
- Then got to the Two Wheeler Loan webpage, Click on APPLY ONLINE.
- After that, if you are new, Register your Mobile Number and Check the Policy Box and Click on PROCEED. Or, if you are an existing customer, Kindly Login.
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Pre-approved Bike loan offer in HDFC Bank
The minimum requirement of a pre-approved personal document is documentation with no documentation and/or minimum processing time. It is often provided by banks to existing customers who have a clear credit record. Preliminary analysis of their financial condition and credibility is done to verify the track record of payment of old dues and existing payments.
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What is the Eligibility for a Bike Loan in HDFC Bank?
- Applicants’ age must be greater than 21 and less than 65.
- You can get up to 100% financing on the on-road price of the Bike.
- The applicant must be a salaried or self-employed person and must have worked for at least 1 year and reside in the current residence for 1 year.
- For a salaried person, HDFC Bank set for a net monthly income of Rs.7000.
- A maximum of 3% of the processing fee will be taken as a processing fee of the loan.
How to get two Wheeler loans from HDFC Bank?
Every Eligible applicant can apply for this Two Wheeler or Bike Loan From HDFC Bank in 2 ways.
Online:
You can apply for your two-wheeler through our online banking service through HDFC Bank’s official website. If you are an existing customer, you may be eligible to receive a pre-approved two-wheeler in 10 seconds! Log in to your NetBanking and proceed with the further process
Offline:
You can go to the nearest branch of HDFC Bank. Then, discuss Bike Loan with the manager or Loan Department Officer. According to me, this is the best option because here you will know everything regarding the loan from the real person.
What is the Interest Rate on Two Wheeler Loan in HDFC Bank?
The interest rate of the HDFC Bank Bike loan is 14.50% based on EMI. Although, The interest rate depends on the applicants’ portfolio and credit score.
What are the documents required for Bike Loan in HDFC Bank
Here are the following documents you need to attach with the Bike Loan application.
For Salaried Person:
- Identity Proof (Aadhaar Card/Voter ID Card/ Driving Licence)
- Address Proof(Voter ID Card/Aadhaar Card/Electricity Bill/Passport/ Driving Licence)
- Age Proof
- Photographs
- Bank Statements
- Signature Verification
- Last 3-month Salary Slip / Form 16
- Employment Stability Proof
For Self-Employed Professional:
- Application form
- Identity Proof (Aadhaar Card/Voter ID Card/ Driving Licence)
- Address Proof(Voter ID Card/Aadhaar Card/Electricity Bill/Passport/ Driving Licence)
- Age Proof
- Photographs
- Bank Statements
- Signature Verification
- Latest Income Tax Return File
- Business existence proof such as VAT/ service tax registration
HDFC Bank Two Wheeler Loan – Features & benefits
- HDFC Bank Provides to account for up to 100% amount for their Bike with a specific model and attractive interest rates.
- HDFC Bank Deliver to the preferred dealer within 10 seconds via our pre-approved.
- HDFC Bank has a flexible Repayment tenure Policy. You can pay the loan amount with an interest rate UP to 48 months.
Content Reference: Offical Website HDFC Bank
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