Hdfc Bank Two Wheeler Loan:
Bank extends loan at HDFC Bank Two Wheeler Loan rate to all applicants who are found to be suitable as per HDFC Bank Two Wheeler Loan eligibility criteria for determination of eligibility.
HDFC Bank Two Wheeler Loan Interest Rate:
Funding is offered at HDFC Bank Two Wheeler Loan rate, based on base rate to all applicants found suitable as per HDFC Bank Two Wheeler Loan eligibility conditions: ROI is at 15% per annum.
HDFC Bank Two Wheeler Loan Eligibility Norms:
As per bank norms, following are persons eligible for loan as per under HDFC Bank Two Wheeler Loan eligibility criteria:
Loan is available at HDFC Bank Two Wheeler Loan interest rate for both salaried and non-salaried borrowers:
a) Age limit allowed: minimum of 21 years at the time of application and maximum of 65 years at maturity
b) Minimum income should be at least Rs.54, 000 per annum, in case of residence in Mumbai, Delhi, Chennai, Bangalore, Kolkata and Pune.
c) Applicant should have been a resident of stated city for at last the past 1 year.
d) A minimum of 1 year should have been completed at the residential address stated in application form.
e) Minimum period of service or employment should have been at least 1 year.
Quantum Of HDFC Bank Two Wheeler Loan:
Finance is allowed in the proportion equivalent to:
- A minimum of Rs.7000 and a maximum of Rs.1 lac
- Actual amount disbursed at HDFC Bank Two Wheeler Loan rate is equivalent to 85% of value at invoice price.
Procedure To Be Followed While Applying For Loan:
- Applicants may avail of loan by either:
a) Online: visiting official website and filling up application form
b) Offline: visiting nearest bank branch or calling at any of the toll-free numbers.
- Applicants can choose from any of available options for finance:
a) Fast-track loan: that finances up to 70% of value of vehicle
b) Easy loan scheme: designed to cover 85% of value
- Documents required to be submitted are:
a) Identity proof
b) Residential proof: documents in the name of spouse and parents’ name are also allowed as proof.
c) Salary / income proof as applicable:
- Non-salaried borrowers: ITR filed for last one year (minimum)
- Salaried borrowers: Salary slip / certificate
- Salary certificate, stating designation and name of signatory acting as authority.
- Further, bank charges a processing fee that is over and above HDFC Bank Two Wheeler Loan interest rate, at 4% of loan amount or Rs.600, whichever is higher of the two.
Tenure Of HDFC Bank Two Wheeler Loan:
- Range of permissible tenure for repayment of loan is at HDFC Bank Two Wheeler Loan rate is 1 year to over 4 years.
- All applicants eligible as per HDFC Bank Two Wheeler Loan eligibility conditions and were extended loan, should ensure that entire amount is repaid within stipulated time.
Repayment Of HDFC Bank Two Wheeler Loan:
- Borrowers are free to choose from a range of options, namely 12 months, 24, 36 and 48 months for the purpose of repayment of loan.
- Mode of repayment is through post-dated cheques of amount of equated monthly installments, inclusive of interest at HDFC Bank Two Wheeler Loan interest rate.
Prepayment Charges Of HDFC Bank Two Wheeler Loan:
- Following is prepayment fee charged, should borrowers choose to pre-close loan account;
a) If pre-closure with-in 1 year of tenure: 6%
b) If pre-closure is after 1 year and before end of 2nd year: 5%
c) If pre-closure after end of 2nd year: 3%
- Above rates are applicable on amount of principal outstanding and does not include interest at HDFC Bank Two Wheeler Loan rate.
- Prepayment is not allowed before end of first 6 months, after payment of first EMI.
- Above charges are over and above HDFC Bank Two Wheeler Loan interest rate.
Default In Payment Of EMI Of HDFC Bank Two Wheeler Loan:
A late payment fee is charged at 2.5% per month on amount of loan left outstanding. It is levied independent of interest at HDFC Bank Two Wheeler Loan rate.
Product Page URL Of HDFC Bank Two Wheeler Loan: you may avail of further information about product, by logging on to official website at:http://www.hdfcbank.com/personal/loans/two_wheeler_loans/two_wheeler.htm
Branch Office Address (In Table):
City | Branch | Address | Phone number |
Delhi | VASANT VIHAR | D-1, SHOPPING CENTRE NO 2VASANT VIHAR, NEW DELHI 110057 | 011-26154601 |
Mumbai | KHAR (WEST) | SWAGATAM,OPP. KHAR POLICE STATION,S.V.ROAD, KHAR (WEST), MUMBAI 400052 | 022-28561818 |
Kolkata | CENTRAL PLAZA | 2/6 SARAT BOSE ROAD,CENTRAL PLAZA, KOLKATA - 700020 | 033-44012906 |
Chennai | SHASTRI NAGAR | T-31,7TH AVENUE,MG ROAD,BEASANT NAGAR, CHENNAI - 600090 | 044-24461341 |
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