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Learn about the features, eligibility criteria, fees, and the simple application process for an HDFC Bank Two-wheeler Loan.
HDFC Bank, one of India’s largest private sector banks, offers two-wheeler loans with competitive interest rates starting at 14.50% p.a. The loan features flexible repayment tenures ranging from 12 to 48 months, allowing borrowers to plan their EMIs conveniently.
Additionally, HDFC Bank finances up to 100% of the vehicle's on-road price, covering expenses like road tax and insurance. With quick approvals and minimal documentation, the HDFC Bank Two-wheeler Loan is designed to make bike ownership easy and accessible for both salaried and self-employed individuals.
Knowing the interest rate is important while taking any loan. HDFC Bike Loan interest rate starts at only 14.50% p.a., making it an affordable choice. Here are the HDFC Bike Loan interest rate and other details:
Particulars |
Details |
|---|---|
Interest Rate |
Starting at 14.50% p.a. |
Maximum Loan Amount |
Up to 100% of the vehicle’s on-road price (applicable to HDFC account holders on select models) |
Minimum Income Requirement |
₹10,000 per month (for both salaried and self-employed applicants) |
Repayment Tenure |
Flexible options ranging from 1 to 4 years (12 to 48 months) |
Processing Fee |
|
Prepayment Charges |
|
Disclaimer: The rates, charges, and terms mentioned above are subject to change at the sole discretion of the bank.
The loan comes with attractive interest rates, starting at 14.50% p.a., making two-wheeler financing affordable.
Borrowers can get up to 100% funding of the vehicle’s on-road price (available for HDFC account holders on select models).
Choose repayment tenures ranging from 12 to 48 months to suit your financial convenience.
Pay EMIs easily through ECS, post-dated cheques, or online methods for a hassle-free repayment experience.
The loan process involves simple and easy documentation, ensuring quick approvals and stress-free processing.
Micro and small enterprises can get loans of up to ₹5 Lakhs without processing fees.
Borrowers can prepay the loan early with applicable prepayment charges.
Enjoy fast loan processing and approval, allowing you to purchase your two-wheeler without delays
HDFC Bank provides two-wheeler loans to suit your financial needs. Here are the eligibility criteria you need to meet:
You must be either salaried or self-employed
Your age should be between 21 and 65 years at the time of loan maturity
You need to have a minimum monthly income of ₹10,000
If you represent a business, private companies, partnership firms, and limited companies are also eligible to apply
HDFC Bank requires minimal documentation to process your two-wheeler loan application quickly and efficiently. Here are the documents you need to provide:
Voter ID
Aadhaar Card
Passport
Driving License
Ration Card
Electricity Bill
Property Tax Receipt
PAN Card
Voter ID
Driving Licence
Passport
Company ID
Salaried applicants need to provide 3 months' salary slips or Form 16
Self-employed applicants need to provide the latest ITR or 3 months' bank statements
Signed loan application or signature matching your ID proof.
Recent passport-size photographs
You can easily apply for an HDFC Bank two-wheeler loan online by following these steps:
Visit the official HDFC Bank website at www.hdfcbank.com
Navigate to the ‘Borrow’ section on the main menu and select ‘Two-wheeler Loan’
Check your eligibility by entering your contact details and other required information
Once all the details are entered, click on the ‘Proceed’ button
If you are an existing HDFC Bank customer, you can directly apply by entering your customer ID or NetBanking ID
If you are not an HDFC Bank customer, register yourself by providing your contact number and completing the verification using a captcha code
In both cases, you will receive an authentication code on your registered contact number for verification
Use the authentication code to log in and complete the application process online
Having learned about HDFC Bank Two-wheeler Loans, you can explore other two-wheeler loan options from leading lenders on Bajaj Markets. The platform provides benefits such as a simple application process and minimal documentation requirements, ensuring a smooth borrowing experience.
HDFC Bank Two-wheeler Loans come with transparent fees and charges to ensure clarity for borrowers. Here are the details of the applicable fees and charges:
Fee/Charge Type |
Details |
|---|---|
Processing Fee |
Up to 2.5% of the loan amount (NIL for micro and small enterprises for loans up to ₹5 Lakhs) |
Prepayment Charges |
|
Stamp Duty |
As per applicable state laws |
Cheque Bounce Charges |
₹550 per instance |
Loan Cancellation Charges |
₹1,000 (plus applicable interest for the interim period, if the loan is disbursed) |
Charges for Duplicate NOC |
₹250 per request |
Penalty for Late EMI Payment |
2% per month on the overdue EMI amount |
Loan Rescheduling Charges |
₹ 1,000 |
No Due Certificate / No Objection Certificate (NOC) |
NIL |
Amortisation Schedule Charges |
₹50 per schedule |
Documentation Charges |
Up to 2.25% of the loan amount |
Registration Certificate (RC) Collection Fees |
₹885 (including GST) |
RTO Charges |
At actuals |
Disclaimer: The fees and charges mentioned are subject to change at the bank's discretion.
The HDFC Bank Two-wheeler Loan interest rate starts at 14.50% per annum.
Yes, age is an important eligibility criterion for the HDFC Bank Two-wheeler Loan. You must be between 21 and 65 years of age to apply.
The processing fee for an HDFC Bank Bike Loan is up to 2.5% of the loan amount.
You can pay your HDFC Bank Two-wheeler Loan EMIs online using any online payment method or application.
No, self-employed individuals do not need to provide a guarantee. You simply need to meet the eligibility criteria and submit required documents, including bank statements for the last three months and your latest income tax returns.
You can apply for an HDFC Bank Two-wheeler Loan online through their official website or offline by visiting the nearest branch. Provide the necessary details, complete the application, and submit the required documents.
The minimum credit score requirement is not explicitly mentioned by HDFC Bank, but a good credit score (generally 700 or above) improves your chances of approval.
The loan tenure ranges from 12 months (1 year) to 48 months (4 years).
HDFC Bank typically processes two-wheeler loans quickly, often within 24 to 48 hours, provided all documents are in order.
Yes, you can still apply for a bike loan from HDFC Bank even if you are not an existing customer.
You can repay your bike loan EMIs through ECS, post-dated cheques, or online payment methods.
To get a lower interest rate, maintain a good credit score, choose a shorter repayment tenure, and negotiate with the bank if you have a good financial track record.
Processing fees are fixed by the bank, but micro and small enterprises may be eligible for NIL processing fees for loans up to ₹5 Lakhs.
Yes, a penalty of 2% per month is charged on the overdue EMI amount if you fail to make your payment on time.
To obtain an NOC, clear all your dues, and then request the certificate by contacting HDFC Bank through their website, customer care, or visiting the branch.
