HDFC Two Wheeler Loan | Interest Rates | Documents | Eligibility

Get Quotes on HDFC Bank Two Wheeler Loans: Eligibility, Emi Calculator, Per Month EMI, Lowest Interest Rates, Processing Fee, Loan Approval time & process.

Why to Choose HDFC Bank Two wheeler loans?
Special offer: Enjoy 2% lower interest rate with 50% discount on processing fee exclusively for HDFC Bank account holders
✓ Check eligibility in 1 minute. Approval in 15 minutes.
✓ Up to 100%* finance on selected models
✓ Upto 4 Years Repayment Period.
✓ All brands superbikes are financed through hdfc bank (Savings of Rs.12500/- on loan amount of Rs.7 Lakh for 5 years repayment period)
✓ Special rates at 12.90% (reducing) for account holders
✓ Loan available across 3000+ branches Pan India

Latest Update – August 2016: 2% lower rate and 50% lower Processing Fees for A/c holders. Savings upto Rs 2375/-*

Get Instant Quotes on Best Two Wheeler Loans from Top Banks in India
Professional Details
Loan Amount:
Occupation:
Annual Income:
City:

✓ Minimum gross income of Rs. 84,000/- p.a. for salaried profile and Rs. 72,000/- p.a. for self-employed profile.

Interest Rates of HDFC Bank Two wheeler loans – Updated as on 06 Aug 2016

✓ Two Wheeler Loan: 11.01% – 24.00% (APR)
✓ SUPER BIKE TWO WHEELER LOAN: 9.95% – 15.50%
✓ HDFC Bank offers loans for all Superbikes that includes Harley Davidson, Ducati, Hyosung, Honda, Suzuki, BMW, Yamaha, Kawasaki Ninja and KTM with quick approvals, flexible payment and easy repayment options.

Eligibility and Documents Required For HDFC Bank Two Wheeler Loan:

To be eligible for a HDFC Bank Two Wheeler loan, you need to:

  • Be a salaried or self-employed individual.
  • Be between the age of 21 years (at the time of application) and <= 65 years (at the end of the loan tenor).
  • Earn a minimum gross income of Rs. 84,000/- p.a., for salaried profile and Rs. 72,000/- p.a. or self-employed profile.
  • Reside for at least 1 year in the city.
  • Reside for at least 1 year at the given residence address (in case of transfer from other location with less than 1 year at current location – please provide relevant documents to the bank during loan approval stage).
  • Be working for at least 1 year.
  • Have a phone at your residence or office.

If you are eligible for a HDFC Bank Two Wheeler Loan, you can apply simply by submitting just the following documents:

Identity Proof with Photo
Valid Address Proof
Income Proof like Salary Slip / ITR / form 16

What are the fees and charges you must pay?

Here is the list of all the charges applicable to your Two Wheeler Loans.

Description of Charges Two Wheeler Loans
Loan Processing Charges Maximum – 3% of Loan Amount
Documentation Charges Maximum – 3% of Loan Amount
Pre-payment charges
  • Within 7 months to 12 months from the 1st EMI – 6% of principal outstanding
  • 13-24 months from 1st EMI – 5% of principal outstanding
  • Post 24 months from 1st EMI – 3% of principal outstanding
  • Prepayment is not allowed within six months of EMI repayment
No Due Certificate / No Objection Certificate (NOC) Nil
EMI Late payment penalty 2.5% Per Month on the Unpaid Installment
Stamp Duty At actuals as levied by respective State Govt.
Cheque Bounce / EMI return charges Rs 450/-
Legal, Repossession & Incidental charges At actuals
Duplicate NOC Rs. 500/- per request
CIBIL Charges (only on request) Rs. 50
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