Two Wheeler Loan Interest Rate in India
| Bank | Two Wheeler Loan Interest Rates* | Lowest EMI per ? 10 Thousand for Max Tenure |
|---|---|---|
| SBI | 16.05% | ? 352 for 3 years |
| HDFC Bank | 9.10% | ? 249 for 4 years |
| PNB | 9.55% | ? 210 for 5 years |
| Bajaj Auto Finance | 13.26% | ? 338 for 3 years |
Also, does Bajaj Finserv provide bike loan?
Bajaj Finserv Two-wheeler loan can be availed only when a buyer purchases Bajaj Bikes only. The financial company does not provide loan on other bike makes and models from other manufacturers.
Keeping this in consideration, what is UCO float rate?
Rate of Interest
| CIBIL Score (Up to Rs. 5Crs) | Spread over UCO Float Rate | Effective Rate |
|---|---|---|
| 775 & Above | – | UCO Float Rate @ 6.90% |
| Above 750 | 0.25% | UCO Float Rate+ 0.25% |
| Up to 750 | 0.35% | UCO Float Rate + 0.35% |
Which bank is best for 2 wheeler loan?
Two wheeler Loan Interest Rates 2020
| Bank | Lowest Interest Rate | Processing fee |
|---|---|---|
| Union Bank of India | 10.30% p.a. | 0.50% of the loan amount |
| Canara Bank | 10.45% p.a. | Rs.1,000 to Rs.5,000 |
| L&T Finance | 10.75% p.a. | At L&T discretion |
| State Bank of India (SBI) | 16.45% p.a | At SBI discretion |
Can I buy bike on EMI?
Check Eligibility: If you have selected the bike, then you can check bike loan eligibility to buy a bike on EMI. … Calculate EMI: After checking the eligibility, you should calculate EMI. You can use Bajaj Auto Finance Two wheeler loan EMI calculator to get the estimated EMI amount that you have to pay month on month.
How can I check my bike loan eligibility?
determine bike loan eligibility based on the following: 1) The applicant’s nature of employment- whether he/she is salaried or self-employed. 2) The applicant’s age- he/she should be in the age group of 18 to 65 years of age.
What documents are required to buy a bike on EMI?
Self Employed:
- ID Proof: Passport /Pan Card/Driver’s License/Voter’s ID/Aadhaar Card.
- Two recent passport size photographs.
- Address Proof: Passport/Driver’s License /Voter’s ID/Utility Bill/Aadhaar card/Bank account or Post Office savings bank account statement. …
- Latest Income Tax Return (ITR)
How can I check my bike loan status?
Through SMS:
The number 97177 52222 is their self-service call number. After giving a call to this number, it instantly gets disconnected. You then immediately receive the details regarding your loan application status on the mobile number listed with the company.