HDFC Two Wheeler Loan

HDFC Two-Wheeler Loan	Details
HDFC Two-Wheeler Loan Interest Rates	14.50%* p.a onwards (11.99% p.a. onwards for Super Bikes)
Maximum Loan Amount	Up to 100% of the vehicle’s on-road price (applicable to HDFC account holders on select models)
Minimum Loan Amount	Determined by the bank’s terms and policies
Minimum Income Requirement	For Salaried Persons: ₹10,000 per month For Self-Employed Persons: ₹10,000 per month.
Repayment Tenor	12-48 months
Processing Fee	Up to 2.5% of the loan amount (for regular two-wheelers) Up to 1.5% of the loan amount (for Super Bikes)

*Subject to change with the type of two-wheeler selected and the customer’s credit score

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:

 

• 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.

• 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 Processing Fees and Charges

Here’s a list of additional fees and charges associated with an HDFC two-wheeler loan.