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Citi Bank Two Wheeler Loan

Loanmani- Citi Bank

Citibank offers two wheeler loans to help customers purchase a new or used motorcycle, scooter, or moped. The loan is designed to provide customers with convenient and affordable financing options, with competitive interest rates and flexible repayment terms.

Customers can apply for a Citibank two wheeler loan online or in-person at a Citibank branch. The loan amount, interest rate, and repayment terms will vary based on factors such as the customer's credit history, income, and the cost of the vehicle.

Citibank offers two types of two wheeler loans: secured and unsecured. A secured loan requires the customer to provide collateral, such as the vehicle being purchased, while an unsecured loan does not require collateral. The interest rate for a secured loan may be lower than that of an unsecured loan, but the customer risks losing the collateral if they are unable to repay the loan.

Citibank also offers additional benefits such as extended warranty, insurance, and roadside assistance with its two wheeler loans. Overall, Citibank's two wheeler loan is a convenient and flexible option for customers looking to purchase a new or used motorcycle or scooter.

7.00 %

Advertised Rate

12 - 60 Months

Available Terms

750

Credit Score

1 L - 2 L

Loan Amount

Why Choose Citi Bank

  • Attractive interest rates
  • Simple and hassle-free documentation process
  • Quick loan disbursal
  • Wide network of branches and ATMs for easy access and repayment options.


Citi Bank Eligibility Criteria

  • Age: 18-65 years
  • Employment: Salaried or self-employed
  • Income: Minimum net monthly income of Rs. 20,000 for salaried and Rs. 6,000 for self-employed individuals
  • Credit score: A good credit score


Citi Bank Fees & Charges

  • Processing fees: Up to 3% of the loan amount
  • Prepayment charges: 5% of the outstanding loan amount
  • Late payment charges: 3% per month on the overdue amount


Citi Bank Features & Benefits

  • Loan amounts up to 100% of the ex-showroom price of the two-wheeler
  • Flexible repayment options ranging from 12 to 36 months
  • No collateral or guarantor required
  • Hassle-free documentation process
  • Quick loan disbursal


Citi Bank Required Documents

  • Identity proof: Aadhaar card, Passport, Voter ID, Driving License
  • Address proof: Aadhaar card, Passport, Voter ID, Driving License, utility bill
  • Income proof: Salary slips, bank statements, ITR


FAQs on Citi Bank Two Wheeler Loan

Q: What is a Citibank two wheeler loan account?

A: A Citibank two wheeler loan account is a type of loan account that allows you to finance the purchase of a two-wheeler vehicle, such as a motorcycle or scooter.

Q: What is the eligibility criteria to apply for a Citibank two wheeler loan account? 

A: The eligibility criteria to apply for a Citibank two wheeler loan account may vary depending on various factors like the applicant's age, income, employment status, credit score, etc. However, typically, an applicant must be at least 18 years old and should have a stable source of income to be eligible for the loan.

Q: What is the maximum loan amount that I can get for a Citibank two wheeler loan account? 

A: The maximum loan amount that you can get for a Citibank two wheeler loan account may vary depending on various factors like the type of two-wheeler you want to purchase, your income, credit score, etc. However, typically, you can get a loan amount of up to 100% of the two-wheeler's on-road price.

Q: What is the repayment period for a Citibank two wheeler loan account? 

A: The repayment period for a Citibank two wheeler loan account may vary depending on the loan amount and the terms and conditions of the loan. However, typically, the repayment period can range from 12 months to 60 months.

Q: Can I prepay my Citibank two wheeler loan account? 

A: Yes, you can prepay your Citibank two wheeler loan account. However, prepayment charges may apply, and the exact charges may vary depending on the terms and conditions of the loan.

Q: Can I track my Citibank two wheeler loan account online? 

A: Yes, you can track your Citibank two wheeler loan account online using Citibank's internet banking or mobile banking facilities.

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