Axis Bank offers Loan on Two Wheeler

Axis Bank offers Loan on Two Wheeler | Bike Loan 

Are you looking for a Bike loan, this article is based on “Axis Bank offers Loan on Two Wheeler”.

 

Axis Bank offers Loan on Two Wheeler / Bike Loan 

1 Interest Rate – 10.80% to 28.30% p.a.
2 Processing fee –  Up to 8% of the loan amount.
3 Loan Amount – Minimum loan amount under this scheme is Rs. 1 lakh

 

Axis Bank offers Loan on Two Wheeler

Axis Bank offers Loan on Two Wheeler | Bike Loan 

Axis Bank provides two-wheeler loans at an interest rate of 10.80% to 28.30% p.a.with a Processing fee go up to 8% of the loan amount. The minimum loan amount under this scheme is Rs. 1 lakh and the loan repayment period is 12 months to 60 months. 

Loan Offer – Get an Instant Loan from MoneyTap

Axis Bank Bike Loan – How to apply online?

Here is the step by step process of applying for a Bike Loan in Axis Bank:

  • Step #1: Go to the official website of the Axis bank
  • Step #2: Select ‘Two-wheeler Loans’ under the Loans section
  • Step #3: After that, Click on ‘Apply Online’
  • Step #4: After doing this, you will be redirected to the Registration or Login Web Webpage
  • Step #5: Enter name, email id, mobile number, state, and city name details with captcha code
  • Step #6: Next, accept the terms and click on the ‘Submit’ button
  • Step #7: Next, proceed according to the instructions displayed on the screen.

What are the Eligibility Criteria for Bike loan in Axis Bank?

These are eligibility criteria for both Salaried and Self-employed Person for Two Wheeler or Bike Loan in Axis Bank:

For salaried persons:

  • Applicants age must be over 21 but under 58
  • Applicants must have at least 1-year experience of their current work
  • Applicants’ minimum annual income must be above Rs. 1.44 lakhs
  • Last 3 months Bank Statements

For self-employed people:

  • Applicants age must be over 21 but under 65 
  • Applicants must have completed at least one year in the current line of business or any type of work
  • Applicants’ minimum annual income must be above Rs. 2.5 lakhs
  • Last 3 months Bank Statements

How to apply new Bike loan in Axis Bank?

Applicants can apply for these Bike Loans from Axis Bank in 2 ways.

Online: You can apply for your two-wheeler through our online banking service through Axis Bank’s official website. Which I have already shared in this article.

Offline: You can go to the nearest branch of Axis Bank. Then, discuss the bike loan with the manager or other department officials. My recommendation is Offline mode.

 

What is the Interest Rate on Two Wheeler Loan in Axis Bank?

The interest rate on two-wheelers starts from 10.80% to 28.30%. By the way, Rates depend on various factors including the applicant’s portfolio, credit score, loan amount, and duration of the loan. 

However, these interest rates are subject to periodic changes at the discretion of the bank. Basically, the interest rate depends on Applicant’s Credit Score and the Applicants’ portfolio.

 

What are the documents required for a Bike Loan in Axis Bank?

Here are the following documents you need to attach with the Axis Bank Bike Loan application.

Axis Bank Bike Loan for Salaried Person

  • Identity Proof (Aadhaar Card/Voter ID Card/ Driving Licence)
  • Address Proof(Voter ID Card/Aadhaar Card/Driving Licence/Electricity Bill/Passport)
  • Photographs
  • Bank Statements
  • Last 3-month Salary Slip / Form 16
  • Employment Stability Proof

 

Axis Bank Bike Loan for Self-Employed Professional

  • Identity Proof (Aadhaar Card/Voter ID Card/ Driving Licence)
  • Address Proof (Voter ID Card/Aadhaar Card/ Driving Licence/Electricity Bill/Passport)
  • Photographs
  • Bank Statements
  • PAN Card of Business
  • Last 2 years Income Tax Return File
  • Business Registration Proof

Axis Bank Two Wheeler Loan – Features & benefits

Here are some features and benefits of  two-wheeler loan of Axis Bank:

For Two wheeler or Bike loan:

  • The loan amount starts from Rs 25001
  • Brings flexible payment terms
  • Minimum documentation
  • A quick loan is processed
  • 100%  Road Funding

For Superbike loan:

  • The loan amount starts from 1 Lakh
  • Quick loan disbursement
  • Loan tenures up to 60 months
  • 85%  Road Funding

Other loan Offer –  Home Loans, Car Loans, Bike Loans, Gold Loan, Business Loans & Personal Loans.

Reference of Content: Official website Axis Bank offers Loans on Two Wheeler.

 

 

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