HDFC Bank Super Bike Loan: Interest Rate, Eligibility, Processing & Customer Care

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HDFC BANK SUPER BIKE LOAN

HDFC Bank Super Bike Loan Details

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

 Benefits of HDFC Bank Super Bike Loan

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

Fee and Charges of HDFC Bank Super Bike Loan

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/-

Eligibility Criteria for HDFC Bank Super Bike Loan

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

Documents Required for HDFC Bank Super Bike Loan

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.

  1. Filled application form

  2. Proforma Invoice

  3. Passport size photograph

  4. 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

  1. Address Proof

  • For salaried individuals = Utility bills, passport, etc.

  • For self employed individuals = Utility bills, passport, etc.

  1. Income Proof

  • For salaried individuals = Salary slips, IT returns, bank statements

  • For self employed individuals = Bank statements, IT returns, audited financial statements

Compare other banks Super Bike Loan Interest Rates

BANKS 

INTEREST RATE 

AXIS Bank Super Bike Loan

9.15% to 15.90%

SBI Super Bike Loan 

Start at 10.65%

HDFC Bank Two Wheeler Loan 

Start at 11.83%

HDFC Bank Super Bike Loan

9.65% to 15%

YES Bank Bike Loan 

10% to 18%

ICICI Bank Two Wheeler Loan 

10% to 26%

IDBI Bank Two Wheeler Loan 

Start at 11.83%

Indusind Bank Two Wheeler Loan 

21% to 29%

Bank of Baroda Two Wheeler Loan 

Start at 11.50%

Bank of India Two Wheeler Loan 

7.75% to 8.35%

Punjab National Bank Two Wheeler Loan

Start at 10.70%

Other products of HDFC Bank 

1. HDFC Bank Car Loan

2. HDFC Bank Business Loan 

3. HDFC Bank Credit Card

4. HDFC Bank Used Car Loan 

How to Apply for HDFC Bank Super Bike Loan

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 : customerservices.loans@hdfcbank.com

How to calculate EMI of HDFC Bank Super Bike Loan

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 

BUSINESS LOAN

CAR LOAN

COMMERCIAL LOAN 

EDUCATION LOAN

GOLD LOAN

HOLIDAY LOAN 

HOME LOAN 

LOAN AGAINST PROPERTIES 

LOAN AGAINST SECURITIES

PERSONAL LOAN

PROFESSIONAL LOAN

TWO WHEELER LOAN

HDFC Bank Super Bike Loan Frequently Asked Questions

1. What are the age limits of applicants for HDFC Bank?

The minimum age must be 21 years and maximum of 65 years old at the time of loan maturity.

2. How much financing do I get on an HDFC Bank superbike loan?

The customers can get up to 80% of the on-road price of the vehicle.

3. Are there any processing fees for HDFC Bank superbike loans?

Yes, a maximum of 3% of the loan amount will be charged for processing HDFC Bank superbike loan.

4. Can I prepay the loan?

Yes, you can prepay the loan after completing three months of repayment.

5. What is the interest rate of HDFC Bank superbike loan?

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

Hdfc Bank Super Bike Loan

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

Hdfc Bank Super Bike Loan Interest Rates

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

Loan Amount

|
1L
|
50L
|
100L
|
150L
|
2Cr

Interest Rate

%
|
5
|
10
|
12.5
|
17.5

Loan Tenure

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1
|
10
|
20
|
25
|
0
|
120
|
240
|
300


Your Monthly Loan EMI


₹24,959