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Standard Chartered Bank Two Wheeler Loan

Loanmani- Standard Chartered Bank

Standard Chartered Bank is a leading international banking group that offers a wide range of financial products and services, including two-wheeler loans. Two-wheeler loans are a type of loan that are used to finance the purchase of a two-wheeler vehicle, such as a motorcycle or scooter.

Standard Chartered Bank's two-wheeler loans are designed to be convenient and affordable, and are available to a wide range of customers, including salaried employees and self-employed individuals. These loans typically offer flexible repayment terms, competitive interest rates, and fast approval times.

10.00 %

Advertised Rate

12 - 60 Months

Available Terms

750

Credit Score

1 L - 10 L

Loan Amount

Why Choose Standard Chartered Bank

  1. Quick loan approval and disbursal
  2. Loan up to 100% of the on-road price of the two-wheeler
  3. Flexible repayment tenure
  4. Part-payment and foreclosure facility available
  5. Minimal documentation


Standard Chartered Bank Eligibility Criteria

  1. The applicant should be at least 21 years old.
  2. The applicant should be a salaried or self-employed individual.
  3. The minimum income of the applicant should be Rs. 15,000 per month.


Standard Chartered Bank Fees & Charges

  1. Processing fee: Up to 2% of the loan amount
  2. Documentation charges: Up to Rs. 500
  3. Penal interest: 3% per month on overdue EMI
  4. Prepayment charges: Up to 5% of the outstanding loan amount
  5. Stamp duty and other statutory charges as applicable


Standard Chartered Bank Features & Benefits

  1. Quick loan approval and disbursal
  2. Loan up to 100% of the on-road price of the two-wheeler
  3. Flexible repayment tenure ranging from 12 months to 60 months
  4. Part-payment and foreclosure facility available
  5. Minimal documentation
  6. Competitive interest rates
  7. No hidden charges


Standard Chartered Bank Required Documents

  1. Identity proof (Aadhaar card, PAN card, passport, driving license, or voter ID)
  2. Address proof (Aadhaar card, passport, driving license, or voter ID)
  3. Income proof (salary slips, bank statements, income tax returns, or Form 16)
  4. Two-wheeler quotation


FAQs on Standard Chartered Bank Two Wheeler Loan

1.What is a two-wheeler loan? 

A two-wheeler loan is a type of loan that is used to finance the purchase of a two-wheeler vehicle, such as a motorcycle or scooter.

2.Who is eligible to apply for a two-wheeler loan from Standard Chartered Bank? 

To be eligible for a two-wheeler loan from Standard Chartered Bank, you must be a salaried employee or a self-employed individual between the ages of 21 and 65 years old.

3.How much loan can I get for a two-wheeler? 

The loan amount for a two-wheeler loan from Standard Chartered Bank can range from INR 25,000 to INR 10 lakhs, depending on your income and other eligibility criteria.

4.What is the interest rate for a two-wheeler loan from Standard Chartered Bank? 

The interest rate for a two-wheeler loan from Standard Chartered Bank can vary depending on a variety of factors, including the loan amount, loan tenure, and your credit score. It's best to check with the bank directly for current interest rates.

5.What is the repayment period for a two-wheeler loan from Standard Chartered Bank?

 The repayment period for a two-wheeler loan from Standard Chartered Bank can range from 12 to 48 months, depending on your loan amount and other eligibility criteria.

6.What documents are required to apply for a two-wheeler loan from Standard Chartered Bank? 

You will need to provide basic personal and financial documents such as proof of identity, address proof, income proof, bank statements, and photographs.

7.Can I prepay my two-wheeler loan from Standard Chartered Bank? 

Yes, you can prepay your two-wheeler loan from Standard Chartered Bank, but it may be subject to prepayment charges. It's best to check with the bank directly for details on prepayment charges.

8.Can I apply for a two-wheeler loan online from Standard Chartered Bank? 

Yes, you can apply for a two-wheeler loan from Standard Chartered Bank online through their website or mobile app.

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