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Axis Bank Two Wheeler Loan

Loanmani- Axis Bank

Axis Bank offers two-wheeler loans to help you finance the purchase of a motorcycle, scooter, or moped. With a two-wheeler loan from Axis Bank, you can get the funding you need to buy the vehicle you want, while making affordable monthly payments over time.

Axis Bank provides flexible loan terms ranging from 12 to 36 months, and loan amounts ranging from ₹10,000 to ₹2,00,000. The bank also offers competitive interest rates that are tailored to your individual circumstances, such as your credit score, income, and the value of the two-wheeler you want to purchase.

With a two-wheeler loan from Axis Bank, you can get behind the handlebars of your dream motorcycle, scooter, or moped and enjoy the freedom and convenience that comes with owning your own vehicle.

8.00 %

Advertised Rate

1 - 3 Years

Available Terms

750

Credit Score

1 L - 50 L

Loan Amount

Why Choose Axis Bank

  1. Quick and easy processing with minimal documentation.
  2. High loan to value ratio up to 95% of the on-road price of the vehicle.
  3. Flexible repayment tenure ranging from 1 year to 3 years.
  4. No prepayment or foreclosure charges.
  5. Option to avail of top-up loans on existing loans.
  6. Doorstep service for loan disbursement.


Axis Bank Eligibility Criteria

  1. The applicant must be an Indian citizen.
  2. The minimum age of the applicant should be 21 years and the maximum age should be 65 years.
  3. The applicant should have a minimum gross income of Rs. 25,000 per month.


Axis Bank Fees & Charges

  1. Processing fee: Up to Rs. 3,500 or 1% of the loan amount (whichever is higher).
  2. Late payment charges: 2% per month on the overdue amount.
  3. Foreclosure charges: Nil.
  4. Prepayment charges: Nil.
  5. Stamp duty and other statutory charges as applicable.


Axis Bank Features & Benefits

  1. High loan to value (LTV) ratio up to 95% of the on-road price of the vehicle.
  2. Flexible repayment tenure ranging from 1 year to 3 years.
  3. Minimal documentation and quick processing.
  4. No prepayment charges or foreclosure charges.
  5. Option to avail of top-up loans on existing loans.
  6. Doorstep service for loan disbursement.


Axis Bank Required Documents

  1. Proof of identity (Aadhaar card, PAN card, Voter ID, Passport, etc.)
  2. Proof of address (electricity bill, telephone bill, etc.)
  3. Income proof (salary slips, bank statements, ITR, etc.)
  4. Two Wheeler insurance copy
  5. Photographs


FAQs on Axis Bank Two Wheeler Loan

1.What is a two-wheeler loan? 

A two-wheeler loan is a type of loan provided by a bank or financial institution to help you purchase a two-wheeler vehicle, such as a motorcycle, scooter or moped. You borrow a certain amount of money from the lender, and then pay it back over time with interest.

2.What types of two-wheelers can I purchase with a two-wheeler loan from Axis Bank? 

Axis Bank provides two-wheeler loans for the purchase of motorcycles, scooters, and mopeds.

3.How much money can I borrow with a two-wheeler loan from Axis Bank? 

The amount you can borrow will depend on your individual circumstances, such as your income, credit score, and the cost of the two-wheeler you want to purchase. Axis Bank offers two-wheeler loans ranging from ₹10,000 to ₹2,00,000.

4.What are the interest rates on two-wheeler loans from Axis Bank? 

The interest rates on two-wheeler loans from Axis Bank vary depending on your individual circumstances, such as your income, credit score, and the cost of the two-wheeler you want to purchase. It's best to contact Axis Bank directly for more information.

5.How long do I have to pay back my two-wheeler loan? 

The length of your loan term will depend on your individual circumstances and the amount of money you borrow. Axis Bank offers two-wheeler loan terms ranging from 12 to 36 months.

6.Can I pay off my two-wheeler loan early? 

Yes, you can pay off your two-wheeler loan early without incurring any penalties or fees. In fact, paying off your loan early can help you save money on interest.

7.How do I apply for a two-wheeler loan from Axis Bank? 

You can apply for a two-wheeler loan from Axis Bank by visiting their website or by visiting one of their branches. You will need to provide information about your income, employment status, and the two-wheeler you want to purchase. The bank will then review your application and let you know if you have been approved.

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