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✓ Attractive Interest Rates ✓ Repayment Tenure of up to 3 Years ✓ Smooth Online Process 

**Disclaimer: HDFC Bank is not a Finserv MARKETS’ partner. Offers would be from partner Banks/NBFCs only.

 

HDFC is one of the biggest private banking chains that offers two wheeler loans to thousands of applicants across the nation. The HDFC Two Wheeler Loan interest rate is minimal and starts at 20.90% per annum. The best aspect about this loan is that you can avail of a loan amount up to 100% of the vehicle's on-road price. The HDFC Bank Two Wheeler Loan repayment can be made over  48 months or 4 years.

Let us dig deeper to look at what HDFC 2 Wheeler Loan has to offer, including its benefits and key features that you can avail of.

HDFC Two Wheeler Loan Interest Rate

The rate of interest is an important factor to keep an eye on while taking any kind of loan. You've no reason to worry as the HDFC Bike Loan interest rate is only 20.90% per annum, making it quite an affordable choice. The HDFC Bike Loan interest rate details are mentioned down below:

HDFC Two Wheeler Loan Interest Rate

20.90% per annum

Loan Tenure

12 months to 48 months

Maximum Amount of Loan

100% of the vehicle's on-road price

Processing Charges

2.5% of the maximum loan amount

HDFC Bike Loan Interest Rate Calculation

EMI reducing every month

Prepayment Charges

3% to 10%, post 3 EMIs

Minimum Income Requirement

Depending on HDFC Bank's eligibility criteria

Minimum Loan Amount

Depending on the bank's terms and conditions

 

Key Features and Benefits of HDFC Two Wheeler Loan

HDFC Bike Loan comes with several benefits and key features which make it more exciting and sought-after than any other in the market. The advantages of availing of the HDFC 2 Wheeler Loan are as follows:

  • The HDFC 2 Wheeler Loan repayment comes with flexible tenures that range from a minimum of 12 months (1 year) to a maximum of 48 months (4 years). It gives you the freedom to choose the tenure according to your suitability.

  • EMIs of the HDFC Bike Loan can be easily paid through ECS post-dated cheques or online applications.

  • HDFC Bank 2 Wheeler Loan interest rate starts from just 20.90% per annum.

  • HDFC Bank Bike Loan can be availed from over 3,000 branches that are spread across the nation.

  • These loans come with quick sanctioning and hassle-free processing.

  • You are provided with doorstep service and an easy process of documentation.

  • Every loan charge is communicated in written drafts along with the quotation of the loan.

HDFC Two Wheeler Loan EMI Calculator

To better understand the EMI (Easy Monthly Installments) for the HDFC Two Wheeler Loan, the HDFC Bank provides an HDFC Bike Loan EMI Calculator on the official website, which anyone can use to calculate the EMI amount easily.

To make use of the HDFC Two Wheeler Loan EMI calculator, you need to just fill up details like the total amount, loan repayment tenure, and the annual interest rate. And after filling them up, click on the 'Calculate', and the EMI calculator will calculate the EMI amount in no time. Remember, the calculation would be made completely based on the details provided by you. So, fill up the details carefully to get accurate results.

HDFC Two Wheeler Loan Eligibility Criteria

You are required to fulfill certain conditions to apply for the loan. The HDFC Bank Two Wheeler Loan eligibility check needs to be made before applying for the loan. Remember that the first step in having your loan sanctioned is fulfilling every HDFC Two Wheeler Loan eligibility criteria. The HDFC Bike Loan eligibility criteria are as follows:

  • You must be a salaried employee or a self-employed individual.

  • You must be between the age group of 21 to 65 years.

  • Another important HDFC Bike Loan eligibility criteria include your income. Your monthly income should be a minimum of Rs. 10,000.

  • Private companies, partnership firms, limited companies, etc., can also apply for two wheeler loans from the HDFC Bank.

HDFC Two Wheeler Loan Apply Online

You can avail of the HDFC bike finance online by simply following the steps mentioned below:

  • Visit the bank's official website www.hdfcbank.com.

  • Select the type of loan or product you're interested in (in this case, the two wheeler loan) and apply online.

  • You will be asked for your contact number along with some verification details.

  • After filling up all the necessary details, click on 'Proceed'.

  • If you are already an HDFC Bank customer, you can apply by simply filling up your customer ID or NetBanking ID.

  • If you are not an HDFC Bank customer, you need to register yourself to obtain the customer ID or NetBanking ID with your registered contact number and a captcha.

  • In both cases, the bank will provide you with an authentication code on your provided registered contact number.

  • Then log in, and you will be all set to apply online.

Documentation Required for HDFC Two Wheeler Loan

HDFC Bank requires nominal documentation to sanction your loan application. Borrowers are categorized under salaried employees and self-employed individuals. Documents required to apply for the loan are as follows:

1. Salaried Employees

  1. Address Proof - Any proof of address such as Voters ID, passport, Aadhaar card, Driving License, ration card, electricity bill, recent credit card bill, etc.
  2. Identification Proof - Any proof of identification such as Voters ID, Pan Card, Driving Licence, Company ID Card, etc.

  3. Income Proof - 3 months’ salary slip, bank statement for the last 3 months, or Form 16.

  4. Latest Photographs

  5. Signature Verification - Signed loan application of the applicant.

2. Self-employed Individuals

  1. Address Proof - Any proof of address such as Voters ID, passport, Aadhar card, Driving License, ration card, electricity bill, recent credit card bill, etc.
  2. Identification Proof- Any proof of identification such as Voters ID, Pan Card, Driving Licence, Company ID Card, etc.

  3. Income Proof- 3 months of bank statements and income tax returns of the last 2 years.

  4. Latest Photographs

  5. Signature Verification - Signed Loan Application of the Applicant.

  6. Business Proof - VAT or service tax registration, address proof of business, incorporation details (in the case of companies).

HDFC Two Wheeler Loan FAQs

✔️How much interest is charged by HDFC Bank on a two wheeler loan?

The HDFC Bank Two Wheeler Loan interest rate starts at 20.90% per annum.

✔️Is age an eligibility factor to get HDFC bike finance?

Yes, age is a crucial eligibility factor to get an HDFC Bank 2 Wheeler Loan. If you belong to the age group of 21 to 65 years old, only you can apply for the HDFC Two Wheeler Loan.

✔️How much is the processing fee charged on the HDFC Bank Bike Loan?

The processing fee charged on the HDFC Bike Loan is 2.5% of the maximum loan amount.

✔️How can I make HDFC Bank Two Wheeler Loan EMI payment online?

You can make the HDFC Bank Two Wheeler Loan EMI payment online via any online payment application.

✔️Do self-employed individuals provide a guarantee to get a bike loan from HDFC Bank?

No, the self-employed individuals do not need to offer a guarantee to avail of a Two Wheeler Loan from HDFC Bank. All you need to do is meet the eligibility criteria and positively submit the last three months of bank statements and your latest income tax returns.