HDFC Bank Two-Wheeler Loan

HDFC is one of the biggest private banking chains that offers two-wheeler loans to thousands of applicants across the nation. The HDFC Bank Two-Wheeler Loan interest rate is minimal and starts at 14.50% per annum.

 

The best aspect about this loan is that you can get a loan amount of up to 100% of the vehicle's on-road price. You can repay the HDFC Bank Two-Wheeler Loan over 48 months or 4 years.

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:

Disclaimer: The above rates, charges, and terms are subject to change at the bank’s discretion.

The HDFC Bike Loan has several attractive features, making it a sought-after option. Here are its features:

• You can choose from flexible tenures ranging from 12 months (1 year) to 48 months (4 years)

• You can easily pay the EMIs through ECS post-dated cheques or online applications

• You can get it at affordable interest rates, starting from just 14.50% per annum

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

• You can enjoy doorstep service and an easy documentation process 

You need to fulfil certain conditions to apply for the loan. Here are the HDFC Bike Loan eligibility criteria:

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

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

• You must have a minimum monthly income of ₹10,000

• Private companies, partnership firms, limited companies, etc., can also apply

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

• Address Proof:

Voter ID, passport, Aadhaar card, driving licence, ration card, electricity bill, recent credit card bill, tax receipt, etc.

• Identification Proof:

Voter ID, PAN card, driving licence, company ID, etc.

• Income Proof:

3 months’ salary slip, 3 months’ bank statement, Form 16, latest ITR 

• Signature Verification:

Signed loan application of the applicant

• Photographs:

Latest passport-size photographs

• Business Proof:

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

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

• Step 1: Visit the bank's official website www.hdfcbank.com

• Step 2: Click on the option ‘Borrow’ on the main tab and select two-wheeler loan

• Step 3: Check your eligibility by providing your contact number and other details

• Step 4: Click on the 'Proceed' tab once you enter all the necessary details

• Step 5: If you are already an HDFC Bank customer, you can apply by simply filling up your customer ID or net banking ID

• Step 6: If you are not an HDFC Bank customer, you need to register yourself to obtain the customer ID or net banking ID with your registered contact number and a captcha code

• Step 7: In both cases, the bank will provide you with an authentication code on your provided registered contact number

• Step 8: Log in, and you will be all set to apply online

Now that you know all about HDFC Bank Two-Wheeler Loans, compare a host of other two-wheeler loan options from top lenders available on Bajaj Markets. This platform offers a host of other benefits, including a simple application process and minimal documentation requirements. As such, you can have a hassle-free borrowing experience.