HDFC Bank is an Indian banking and financial services company. It was established in 1994 and their headquarters at Mumbai. It is one of India leading private banks. HDFC Bank offers a wide range of financial products and banking services to customers.
HDFC Bank provides funds for purchasing of fresh superbike i.e. from Benelli to Harley Davidson, Kawasaki to Royal Enfield etc. of any make and model. You can either apply online or visit a nearby HDFC Bank branch for the application. You can also download the superbike loan application form from the HDFC Bank official website, complete the form and submit it to the bank representative. Salaried individuals and self employed individuals are eligible to take superbike loans from HDFC Bank. With the HDFC Bank superbike loan, you will be able to receive up to 85% of funding to buy your dream superbike
1. Flexible repayment tenure from 1 years to 5 years
2. With this superbike loan, you will be able to receive up to 85% of funding to buy your dream superbike
3. Attractive interest rate starts from 9.65% to 15% per annum
4. Easy documentation process
5. Hassle free process and quick loan approvals within 15 minutes
6. Salaried and self employed individuals are eligible to take this loan
7. Loans can be availed from more than 3000 branches across India
8. Easy convenient doorstep services provided
9. Accessory funding up to Rs.2 lakhs
To apply for a superbike loan, you have to pay fees and charges applied by the HDFC Bank. It covers all charges and fees made by a bank to their customers.The following charges are taken from HDFC Bank i.e processing fee, late payments of EMIs, cheque dishonour charges, prepayment / foreclosure charges etc.
|
TYPE |
CHARGES |
|
Loan Processing Charges |
3% of Loan Amount |
|
Documentation Charges |
3% of Loan Amount |
|
Pre-payment charges |
3% to 6% of the outstanding principal |
|
No Due Certificate / No Objection Certificate (NOC) |
NIL |
|
Overdue EMI Interest |
2.5% Per Month on the Unpaid Installment |
|
Stamp Duty |
At actuals as levied by respective State Govt |
|
Cheque Bounce / EMI return charges |
Rs 550/ |
|
Loan cancellation charges |
NIL |
|
Legal, Repossession & Incidental charges |
At actuals |
|
Duplicate NOC |
Rs. 500/- per request |
|
CIBIL Charges (only on request) |
Rs. 50 |
|
PDD Collection Charges |
Up to Rs.450/ |
|
Cheque/ECS swapping Charge |
Rs 500/- |
|
Amortization Schedule Charges |
Rs 200/- |
|
Special NOC Charges |
Rs 500/- |
|
Loan Rebooking/Reschedulement Charges |
Rs 1000/- |
Before applying for a loan for superbike from HDFC Bank, you should fulfil all basic eligibility criteria as prescribed by the bank. For the superbike loan application the Salaried individuals, self employed individuals are eligible to take a loan. You will get your loan amount very soon if you meet all the required eligibility criteria once the documentation is done.
|
ELIGIBLE |
Salaried and self employed individuals |
|
AGE |
21 years to 65 years |
|
INCOME |
For salaried individuals = Minimum gross income is Rs.84000 per year For self employed individuals = Minimum gross income is Rs.72000 per annum |
|
RESIDENCE STABILITY |
Minimum 1 year |
|
WORK EXPERIENCE |
Minimum 1 year |
|
CIBIL SCORE |
Preferred 750 |
Any applicant who is going to avail a loan for superbike from HDFC Bank must have to submit the following documents. These documents are the requirements for the lenders who are providing you the amount of loan.
Filled application form
Proforma Invoice
Passport size photograph
Identity Proof
For salaried individuals = PAN card, voter’s ID, passport, Driving license
For self employed individuals = PAN card, voter’s ID, passport, driving license
Address Proof
For salaried individuals = Utility bills, passport, etc.
For self employed individuals = Utility bills, passport, etc.
Income Proof
For salaried individuals = Salary slips, IT returns, bank statements
For self employed individuals = Bank statements, IT returns, audited financial statements
|
BANKS |
INTEREST RATE |
|
9.15% to 15.90% |
|
|
Start at 10.65% |
|
|
Start at 11.83% |
|
|
9.65% to 15% |
|
|
10% to 18% |
|
|
10% to 26% |
|
|
Start at 11.83% |
|
|
21% to 29% |
|
|
Start at 11.50% |
|
|
7.75% to 8.35% |
|
|
Start at 10.70% |
There are two ways to apply for HDFC Bank Super Bike Loan :
1. Offline Method : By visiting the nearest bank branch
2. Online Method
Firstly visit lenders website or branch from which you want to get loan
Fill the application form and read all the term and conditions
Attach all required documents with an application form
After submitting form lenders will let you know that you eligible or not for the loan
HDFC Bank Super Bike Loan Customer Care
Contact number : 01416160616
Email id : [email protected]
The mathematical formula is used to calculating EMI of HDFC Bank Super Bike Loan
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
Where,
P stands for the loan amount or principal,
R is the interest rate per month and
N is the number of monthly installments.
Financials products offered by Bank
The minimum age must be 21 years and maximum of 65 years old at the time of loan maturity.
The customers can get up to 80% of the on-road price of the vehicle.
Yes, a maximum of 3% of the loan amount will be charged for processing HDFC Bank superbike loan.
Yes, you can prepay the loan after completing three months of repayment.
The interest rate of HDFC Bank two wheeler loan starts at 9.65% to 15% per annum.
Last Updated on : 31/Aug/2020
Know More About
You're eligible for a Hdfc Bank Super Bike Loan if you:
Are legally adult enough to handle it
Have still got it
Get a regular pay check
Make more than a basic buck
Your eligibility depends on:
Earn more than minimum income required
Maximum allowed Two Wheeler Loans is Rs. 10K to Rs. 45 lakhs
EMIs of other loans loweryour eligibility
Boost your eligibility by:
Pay off your credit card bills
Choose longer tenure loan up to 5 years
Nothing gets done without that paperwork (which we'll happily carry over to the bank for you, no sweat). Here's what you'll need:
- 1. Photo ID and age proof
- 2. Signed application form with photograph
- 3. Residence proof
- 4. Last 6 months bank statement
- 5. Documentation for salaried applicants:
- Last 3 months salary - slips
- Form 16 or Income Tax Returns
- 6. Documentation for self-employed applicants:
- Last 3 years Income Tax Returns with computation of Income
- Last 3 years CA Certified / Audited Balance Sheet and Profit & Loss Account
Updated on 25 Nov 2017
| Hdfc Bank Super Bike Loan Details | |
|---|---|
| Interest Rate (Monthly reducing balance) | 9.65% - 15% |
| Processing Fees | 3% of loan amount |
| Loan Tenure | 1 year to 5 years |
| Pre-closure Charges | Varies with bank |
| Guarantor Requirement | Varies with bank |
Two Wheeler Loans EMI Calculator