Indian Bank Limited is an Indian new generation bank in Pune, established in 1994. The Bank offers commercial, transactional and electronic banking products and services. Indusind Bank inaugurates its first solar powered ATM in Mumbai.
The two wheeler loan helps you to purchase a motorcycle or a scooter of your choice and pay it in equated Monthly Installments EMIs. Two wheeler loan is available for both salaried and self employed individuals. With Indusind bank two wheeler loan, the customer can purchase motorcycles of any brand and make. Indusind Bank provides funds for purchasing of fresh 2 wheelers i.e. Scooters, Motor Cycles, Mopeds, Battery-Operated Scooters etc. of any make and model. You can either apply online or visit a nearby Indian Bank branch for the application. You can also download the 2-wheeler loan application form from the Indian Bank official website, complete the form and submit it to the bank representative.
1. Hassle free documentation
2. Easy loan processing
3. Customer can be guaranteed of complete transparency
4. No hidden costs
5. Fast track loan processing is also available
6. Flexibility of tenure upto 5 years
7. Paper free easy online application
8. Special offers to existing customer of Indusind Bank
9. Low interest rate start from 21% to 29% per annum
To apply for a two wheeler loan, you have to pay fees and charges applied by the Indusind Bank. It covers all charges and fees made by a bank to their customers.The following charges are taken from Indusind Bank i.e processing fee, prepayment / foreclosure charges etc.
1. Processing fee = Upto 5% of the loan amount with applicable tax
2. Foreclosure charges = NIL
3. Tenure period = 1 year to 5 years
4. Loan amount = On the average finance institution pay upto 90% of the loan
Before applying for a loan for two wheeler from Indusind Bank, you should fulfil all basic eligibility criteria as prescribed by the bank. For the two wheeler 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.
Salaried individuals, self employed individuals
For salaried individuals = 21 years to 60 years
For self employed individuals = 21 years to 65 years
For salaried net monthly income = Rs.10000 p.m.
For self employed individuals minimum annual profit = Rs.1 lakh
For salaried individuals = 1 year
For self employed individuals = 3 years of experience and 1 year in current business
Any applicant who is going to avail a loan for two wheeler from Indusind 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
Passport size photograph
For salaried individuals = PAN card, voter’s ID, passport, Driving license
For self employed individuals = PAN card, voter’s ID, passport, driving license
For salaried individuals = Utility bills, passport, etc.
For self employed individuals = Utility bills, passport, etc.
For salaried individuals = Salary slips, IT returns, bank statements
For self employed individuals = Bank statements, IT returns, audited financial statements
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 Indusind Bank Two Wheeler 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
Indusind Bank Two Wheeler Loan Customer Care
Contact number : 18605005004
Email id : email@example.com
The mathematical formula is used to calculating EMI of Indusind Bank Two Wheeler Loan
EMI = [P x R x (1+R)^N]/[(1+R)^N-1]
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 loan amount of HDFC Bank Two Wheeler Loan is On the average finance institution pay upto 90% of the loan
For salaried individuals the age of the customer is 21 years to 60 years and for self employed individuals the age of the customer is 21 years to 60 years is required to take a two wheeler loan from Indusind bank..
There is no pre-closure and part payment charges are applied to take a two wheeler loan from Indusind Bank.
The maximum tenure period provided by Indusind Bank is 5 years to take a two wheeler loan.
The salaried person, self employed individuals are eligible to take a two wheeler loan from Indusind Bank.
The interest rate provided by Indusind Bank to take a two wheeler loan starts from 21% to 26% per annum.
Last Updated on : 01/Sep/2020
Know More About
You're eligible for a Indusind Bank Two Wheeler 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
|Indusind Bank Two Wheeler Loan Details|
|Interest Rate (Monthly reducing balance)||21% - 29%|
|Processing Fees||Upto 5% of the loan amount with applicable tax|
|Loan Tenure||1 year to 5 years|
|Pre-closure Charges||Varies with bank|
|Guarantor Requirement||Varies with bank|
Two Wheeler Loans EMI Calculator