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IndusInd Bank Two Wheeler Loan

Loanmani- IndusInd Bank

IndusInd Bank is a leading private sector bank in India that offers a range of financial products and services, including Two Wheeler Loans. A Two Wheeler Loan from IndusInd Bank enables individuals to purchase a two-wheeler vehicle such as a motorcycle or a scooter with ease by providing them with the required funds to make the purchase.

IndusInd Bank offers competitive interest rates and flexible repayment options, making it easier for customers to manage their finances. The bank has a simple and hassle-free loan application process, with loan disbursal typically taking place within 2 to 4 working days of the loan application being approved.

IndusInd Bank's Two Wheeler Loans are available to salaried and self-employed individuals who meet the eligibility criteria, including having a good credit score, a valid driving license, and a minimum income of Rs. 25,000 per month. With a maximum loan amount of Rs. 1.5 lakhs and a repayment tenure of up to 36 months, IndusInd Bank's Two Wheeler Loans offer customers the flexibility and convenience they need to make their two-wheeler dreams a reality.

13.00 %

Advertised Rate

12 - 36 Month

Available Terms

750

Credit Score

1 L - 10 L

Loan Amount

Why Choose IndusInd Bank

  • Competitive interest rates.
  • Easy and hassle-free loan disbursal.
  • Flexible repayment tenure.
  • No prepayment charges.
  • Online loan application.


IndusInd Bank Eligibility Criteria

  • The applicant must be a salaried individual or a self-employed individual with a regular income.
  • The minimum age of the applicant should be 21 years.
  • The maximum age of the applicant at the time of loan maturity should not exceed 65 years.
  • The applicant should have a good credit score and a stable employment/business history.


IndusInd Bank Fees & Charges

  • Processing fees: Up to 3% of the loan amount.
  • Foreclosure charges: No charges for foreclosure or prepayment.
  • Late payment charges: 3% per month on the overdue amount.


IndusInd Bank Features & Benefits

  • Loan amount: IndusInd Bank offers loans ranging from Rs.10,000 to Rs.1,00,000.
  • Flexible repayment tenure: The repayment tenure for IndusInd Bank Two Wheeler Loan ranges from 12 months to 36 months.
  • Quick and easy loan disbursal: IndusInd Bank ensures quick and hassle-free disbursal of the loan amount.
  • No prepayment charges: The borrower can prepay the loan amount without incurring any additional charges.
  • Online loan application: The loan application process can be completed online on the bank's website.


IndusInd Bank Required Documents

  • Duly filled loan application form.
  • Identity proof (Aadhaar Card, Passport, Voter ID, etc.).
  • Address proof (Driving license, Passport, Electricity bill, etc.).
  • Income proof (Salary slips, Income Tax Returns, bank statements, etc.).
  • Two wheeler quotation.


FAQs on IndusInd Bank Two Wheeler Loan

Q: What is a Two Wheeler Loan?

A: A Two Wheeler Loan is a type of loan offered by lenders to help individuals finance the purchase of a two-wheeler vehicle such as a motorcycle or a scooter. These loans typically have a fixed interest rate and a predetermined repayment schedule.

Q: Who is eligible for a Two Wheeler Loan from IndusInd Bank?

A: IndusInd Bank offers Two Wheeler Loans to salaried individuals and self-employed individuals who meet the following eligibility criteria:

  • The applicant must be between the ages of 21 and 65 years.
  • The applicant must have a minimum income of Rs. 25,000 per month.
  • The applicant must have a good credit score.
  • The applicant must have a valid driving license.

Q: What is the maximum loan amount that can be availed for a Two Wheeler Loan from IndusInd Bank?

A: The maximum loan amount that can be availed for a Two Wheeler Loan from IndusInd Bank is Rs. 1.5 lakhs, subject to the applicant's eligibility criteria.

Q: What is the repayment tenure for a Two Wheeler Loan from IndusInd Bank?

A: The repayment tenure for a Two Wheeler Loan from IndusInd Bank ranges from 12 months to 36 months, depending on the loan amount and the applicant's eligibility.

Q: How long does it take for IndusInd Bank to disburse the loan amount?

A: IndusInd Bank typically disburses the loan amount within 2 to 4 working days of the loan application being approved, subject to the completion of all documentation and verification processes.

Q: What are the documents required to apply for a Two Wheeler Loan from IndusInd Bank?

A: The documents required to apply for a Two Wheeler Loan from IndusInd Bank include:

  • Application form with photograph
  • Identity proof (such as Aadhaar card, PAN card, or passport)
  • Address proof (such as Aadhaar card, passport, or utility bill)
  • Income proof (such as salary slips, bank statements, or income tax returns)
  • Bank account statements for the past six months
  • Proof of age (such as a birth certificate or school leaving certificate)
  • Vehicle quotation or proforma invoice

Q: Can I prepay my Two Wheeler Loan from IndusInd Bank?

A: Yes, you can prepay your Two Wheeler Loan from IndusInd Bank at any time during the loan tenure, subject to the payment of applicable prepayment charges as per the bank's terms and conditions.

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