HDFC Bank Two Wheeler Loan | Interest rates | Documents | Eligibility

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
  • Savings upto Rs 2375/-*
  • Loan approval in 4 hours**
  • 100% Finance on select models for Banks Pre-approved customers
  • Loan available across 3000+ branches Pan India
  • Preferential rates with longer tenure on SuperBike Loans

Disclaimer : ** from the time of submission relevant documents at branch with address matching the Bank records . * Savings calculated on loan amount of Rs 50,000.


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

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:

  • Proof of Identity:
    Any one of Passport Copy/ Photo Credit card- front & reverse/ Voters ID card/ Driving License/ PAN card/ Copy of Company ID card of MNC/ Public Ltd./ PSU/ Govt. company/ Ration Card (If Photo is given).
  • Address Proof: 
    Any one of Passport Copy/ Voters ID card/ Driving License/ Rental agreement/ Telephone Bill/ Electricity bill/ Gas Connection Bills/ Ration Card/ Sale deed/ Property purchase agreement/ Credit Card billing statement (latest)/ LIC policy/ Letter from Company or Company provided Accommodation (List of the company’s as per the Banks List- ID card of MNC/ Public Ltd.,/ PSU/ Govt. Company Containing the residence address), Address proof in the name of the applicant’s Spouse or parents name is acceptable.
  • Income Proof:
    For Salaried : Latest Salary slip for Govt. employees; If Salary slip is not available, Only salary certificate to be accepted with deductions, For Partnership/ Proprietary firms & Pvt. Ltd. Co’s- Salary Certificate to be accepted with the following mitigants: Salary Certificate to clearly state the deductions, Name & Designation of the authorized signatory.
    For Self-Employed: Copy of the latest I. T. return.

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 – 2% of Loan Amount
Documentation Charges Maximum – 2.5% 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

 

You might find these relevant:


Tags: , ,


Disclaimer: This information is sourced from Bank's Website to help customers to gain information on Banks product.
    Home     Product Articles    Help Articles     Advertise With Us    Site Map     Terms of Use     Testimonials     Privacy Policy  Do Not Disturb
Disclaimer: Information is sourced from respective Banks websites. We don't provide Loans on our own but ensures your information is sent to bank/agent which you have opted for. We don't do short term loans. Deal4loans has no sales team on its own and we just help you to compare loans .All loans are on discretion of the associated Banks/Agents. Read More
DMCA.com
© Copyright 2014, Deal4loans, India
Address: E-32, Ground Floor, Sector - 8,
Noida, Uttar Pradesh, India - 201301
Phone: 1800 3000 1500
Email: contactus@deal4loans.com