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HDFC Bank Two Wheeler Loan

Loanmani- HDFC Bank

The loan amount for HDFC Bank's two wheeler loan can be up to 100% of the on-road price of the vehicle. The loan amount, interest rate, and repayment tenure are determined based on the customer's eligibility, creditworthiness, and the cost of the vehicle.

The repayment period for an HDFC Bank two wheeler loan ranges from 12 months to 48 months. The bank also offers flexible repayment options, including EMIs (Equated Monthly Installments), ECS (Electronic Clearing Service), and PDCs (Post-Dated Cheques).

The interest rate for an HDFC Bank two wheeler loan is competitive, and the bank offers various benefits such as quick loan processing, minimal documentation, and doorstep service. HDFC Bank also offers an online loan calculator that can help customers determine the loan amount, EMI, and other details of the loan.

Overall, HDFC Bank's two wheeler loan is a convenient and flexible option for customers who want to purchase a motorcycle or scooter without putting a strain on their finances.

9.00 %

Advertised Rate

1 - 3 Years

Available Terms

750

Credit Score

1 L - 3 L

Loan Amount

Why Choose HDFC Bank

  • Quick and hassle-free loan processing
  • Competitive interest rates
  • No foreclosure charges
  • Online loan account access
  • Flexible repayment tenure of up to 48 months


HDFC Bank Eligibility Criteria

  • Age: The borrower should be at least 21 years old and no older than 65 years old.
  • Income: The borrower should have a minimum monthly income of Rs. 10,000.
  • Credit score: A good credit score is preferred, but the bank may consider borrowers with a lower credit score on a case-by-case basis.
  • Residential status: The borrower should be a resident of India.


HDFC Bank Fees & Charges

  • Processing fee: Up to 3% of the loan amount, subject to a minimum of Rs. 2,000 and a maximum of Rs. 10,000.
  • Prepayment charges: No prepayment charges for loans up to Rs. 20,000. For loans above Rs. 20,000, prepayment charges are 3% of the outstanding principal.
  • Late payment charges: 2% per month on the outstanding amount.
  • EMI bounce charges: Rs. 500 per bounce.


HDFC Bank Features & Benefits

  • Loan amount: HDFC Bank offers two-wheeler loans starting from Rs. 5,000 and going up to Rs. 1.5 lakh.
  • Flexible repayment tenure: The loan can be repaid over a period of 12 to 48 months.
  • Quick and hassle-free processing: The loan can be processed and disbursed quickly, with minimal documentation.
  • Attractive interest rates: The interest rates on HDFC Bank two-wheeler loans start at 10.40% per annum.
  • No foreclosure charges: Borrowers can choose to foreclose their loan at any time without any additional charges.
  • Online loan account access: Borrowers can track their loan status, view their loan account statements, and make payments online through the HDFC Bank website or mobile app.


HDFC Bank Required Documents

  • Proof of identity (such as Aadhaar card, passport, or driving license)
  • Proof of address (such as Aadhaar card, passport, or utility bill)
  • Proof of income (such as salary slips, bank statements, or ITR documents)
  • Photographs (passport size)
  • Two-wheeler registration certificate (in case of a used vehicle)


FAQs on HDFC Bank Two Wheeler Loan

1.What is a HDFC Bank Two Wheeler Loan? 

A: HDFC Bank Two Wheeler Loan is a type of loan provided by HDFC Bank to help customers purchase a two-wheeler, such as a motorcycle or scooter. The loan can be used to purchase new or used two-wheelers.

2.What is the interest rate for HDFC Bank Two Wheeler Loan? 

A: The interest rate for HDFC Bank Two Wheeler Loan varies based on factors such as the loan amount, the customer's credit history, and the cost of the vehicle. The interest rate can range from 9.99% to 27% per annum.

3.What is the maximum loan amount I can get for HDFC Bank Two Wheeler Loan? 

A: The maximum loan amount for HDFC Bank Two Wheeler Loan is up to 100% of the on-road price of the vehicle. However, the loan amount may be lower based on the customer's eligibility and other factors.

4.What is the repayment period for HDFC Bank Two Wheeler Loan? 

A: The repayment period for HDFC Bank Two Wheeler Loan can range from 12 months to 48 months, depending on the customer's preference and eligibility.

5.Can I prepay my HDFC Bank Two Wheeler Loan? 

A: Yes, you can prepay your HDFC Bank Two Wheeler Loan. However, there may be prepayment charges, which will depend on the terms and conditions of the loan.

6.What documents are required to apply for HDFC Bank Two Wheeler Loan? 

A: The documents required to apply for HDFC Bank Two Wheeler Loan may include identity proof, address proof, income proof, and vehicle-related documents such as registration certificate and insurance.

7.How can I apply for HDFC Bank Two Wheeler Loan? 

A: You can apply for HDFC Bank Two Wheeler Loan online by visiting the bank's website or by visiting any HDFC Bank branch. You can also apply through a dealer if you are purchasing a vehicle from a dealer.

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