Apply for Two Wheeler Loan Online in HDFC Bank

Two Wheeler Loan  Updated date : December 6, 2017 100

Everything you want from a Two wheeler loan, is right here. Get up to 100% financing options, easy and fast disbursal's, pocket-friendly rates, and a 5-minute eligibility check to round it off.

✔ 2% Lower Interest Rates
✔ Two Wheeler Loan Flexible Repayment Tenure
✔ Flexible Repayment Tenure
✔ Two Wheeler Loan Speedy Loan Approval
✔ Speedy Loan Approval
✔ Two Wheeler Loan Savings up to Rs. 2,375/-
✔ Savings up to Rs. 2,375/-

Two Wheeler Loan Features

  • Flexible Repayment Tenure
    Decide whether you'd like your loan tenure to be just 12 months, or 48 months, with our pocket-friendly EMI repayment options.
  • Fulfil Your Every Need
    Get up to 100% finance in you're an HDFC Bank account holder for specific models, and repay the money at attractive interest rates.
  • Online Application
    Enjoy convenient doorstep service and skip the queues when you log a request online.
  • Competitive Rates
    We offer a 2% lower rate of interest, and a 50% lower processing rate for existing HDFC Bank account holders, allowing you to enjoy savings of up to Rs. 2,375/-*.

    *Conditions Apply. Savings calculated on loan amount of Rs. 50,000/-. Approval TAT from the time of submission of relevant documents at branch with no address change applicable for account holders.

  • Easy Repayment Schemes
    Easily calculate your EMI and pay through ECS/Standing Instructions/post-dated cheques.
  • Quick Loans
    Check your loan eligibility in just 5 minutes, get quick approvals, and find your loan application status in just 15 minutes. You can avail of an HDFC Bank Two Wheeler Loan at any one of over 3000 branches across India.

Two Wheeler Loan Eligibility Criteria

The following people are eligible to apply for a Two Wheeler Loan:

  • A salaried or self-employed individual
  • Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure
  • Those who earn a minimum gross income of Rs. 84,000 per year for a salaried profile, and Rs. 72,000/- per year for a self-employed profile
  • Individuals who have been residing at the given residence for a minimum of 1 year (in case of transfer from another location with less than 1 year at the current location, kindly provide relevant documents to the bank during loan approval stage)
  • Those who have been working for a minimum of 1 year
  • Individuals who have a telephone/office landline connection

Two Wheeler Loan Documentation

  • A copy of any of the following identity proof documents:
    • Passport
    • Photo Credit Card (front & reverse)
    • Voters ID Card
    • Driving License
    • PAN card
    • Copy of Company ID card of MNC/Public Ltd./PSU/Govt. Company
    • Ration Card (if photo is provided)
  • A copy of any of the following documents as address proof:
    • Passport
    • Voter's ID Card
    • Driving License
    • Rental Agreement
    • Telephone Bill
    • Electricity Bill
    • Gas Connection Bills
    • Ration Card
    • Sale Deed
    • Property Purchase Agreement
    • Credit Card Billing Statement (latest)
    • LIC Policy
    • Letter from Company or Company Provided Accomodation (List of the company's as per the Banks List – ID card of MNC/Public Ltd./PSU/Govt. Company, containing the residence address)
  • The following Income Proof:
    • Salaried: Latest salary slip for Govt. employees. If Salary slip is not available, only salary certificate to be accepted with deductions. For Partnership/Proprietary firms & Pvt. Ltd. Co's – Salary Certificate to be accepted with the following mitigants: Salary Certificate to clearly state the deductions, and Name & Designation of the authorised signatory.
    • For Self Employed: Copy of the latest Income Tax Return

Two Wheeler Loan Rates & Fees

Enclosed below are HDFC Bank Two Wheeler Loan Interest Rates & Charges

Here is the list of all the charges applicable to your Two Wheeler Loans.

Description of ChargesTwo Wheeler Loans
Loan Processing ChargesMaximum - 3% of Loan Amount
Documentation ChargesMaximum - 3% of Loan Amount
Pre-payment charges
  • Within 4 months to 6 months from the 1st EMI – 10% of principal outstanding
  • Within 7 months to 12 months from the 1st EMI - 6% of principal outstanding
  • 13-24 months from 1st EMI - 5% of principal outstanding
  • Post 24 months from 1st EMI - 3% of principal outstanding
  • Prepayment is not allowed within three months of EMI repayment
No Due Certificate / No Objection Certificate (NOC)Nil
EMI Late payment penalty2.5% Per Month on the Unpaid Installment
Stamp DutyAt actuals as levied by respective State Govt.
Cheque Bounce / EMI return chargesRs 500/-
Loan cancellation charges:NIL (However client would be charged interest for the interim period between date of loan disbursement to loan cancellation and Processing fees, Documentation charges & Stamp Dutystamp duty applies to documents like cheques, receipts, licenses and transaction records. would be retained.)
Legal, Repossession & Incidental chargesAt actuals
Duplicate NOCRs. 500/- per request
CIBIL Charges (only on request)Rs. 50
PDD Collection ChargesUp to Rs.450/-
Cheque/ECS swapping ChargesRs 500/-
Amortization Schedule ChargesRs 200/-
Special NOC ChargesRs 500/-
Loan Rebooking/Reschedulement ChargesRs 1000/-

Rates offered to customer during the period of July'17 to Sept'17

ProductAverage
Min IRRMax IRRAvg IRR
SUPER BIKE TWO WHEELER LOAN8.65%14.65%10.81%
TWO WHEELER LOAN10.35%29.01%20.74%

Annual Percentage Rate offered to customer during the period of July'17 to Sept'17

ProductAverage
Min APRMax APRAvg IRR
SUPER BIKE TWO WHEELER LOAN8.66%15.51%10.98%
TWO WHEELER LOAN10.50%33.26%21.89%

Note: The above charges are the maximum charges applicable for each type of charge.

* Charges which are in nature of fees are Exclusive of applicable Government taxes and other levies.
Applicable Government taxes and other levies, would be charged additionally.

Loan Processing fees, Documentation charges and Stamp Duty applies to documents like cheques, receipts, licenses and transaction records.is non-refundable.

PDD Collection Charges are refundable in case of loan cancellation.

You can also use the Two Wheeler Loan EMI calculator to know how much EMI you will have to pay for your Two Wheeler Loan.

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