Introduction
Get your dream two-wheeler now with minimal paperwork and hassle-free financing options. Your perfect ride is closer than ever!
Loan Details
- Loan Amount: Up to ₹10,00,000
- Tenure: Up to 60 months
- Serviceable Region: Bangalore
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Total Credit Given
Features and Benefits of Two-Wheeler with KreditBee
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Quick Loan Disbursal
Quick disbursal of two-wheeler loan to provide speedy delivery of the vehicle.
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Hassle-free Documentation
Experience a streamlined application process with hassle-free documentation.
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Loans ranging from ₹8,000 to ₹10 Lakhs
Choose a loan amount that aligns with your two-wheeler needs.
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Available 24x7
Apply for a loan anytime, anywhere, at your convenience.
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Interest Rates of up to 28.5% p.a
Enjoy competitive business loan interest rates tailored to your profile and loan amount.
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Flexible Repayment Tenure ranging from 6 months - 60 months
Select a repayment tenure that matches your cash flow and business cycle.
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Competitive Processing Fee
Enjoy processing fees tailored to your profile and loan amount.
Two-Wheeler Loan Eligibility Criteria and Documentation
Features
- Loan amount from ₹8,000 to ₹10 Lakhs
- Interest Rates ranging from 10% to 28.5% per annum
- Tenure ranging from 6 months to 60 months
- Processing fee up to 5.1% + GST
- Loan amount based on the vehicle pricing received from the vehicle dealership/manufacturer
- Secured against hypothecated vehicle
Eligibility Criteria
- Indian Citizen
- Age to be 21 years and above
- Minimum monthly personal income of ₹15,000
- Monthly household income more than ₹25,000
- Possess Government approved Valid Identity Proof & Address Proof
- Aadhaar-linked mobile number
Documents Required
- Photograph
- PAN
- Address Proof (Permanent & Current Address)
- Income Proof (Bank Statements reflecting Monthly Income)
- Vehicle invoice (provided by dealer)
- Downpayment receipt (provided by dealer)
- Insurance Papers (provided by dealer)
- RTO Details paper (signed by customer)
Other Fee & Charges
- Foreclosure charges
- Foreclosure charges of 2% of principal outstanding* + GST will be charged in case Foreclosure is opted
- Part-Prepayment Charges
- Part Prepayment Charges of 3% of principal prepaid* + GST will be charged in case Part-Prepayment is opted
- Penal Charges
- 1. EMI bounce charge (1st day): 4% of principal overdue* or ₹500, whichever is lower
- 2. Penal charges for 2-180 days: 36% per annum on principal overdue
- Other Charges
- Maximum amount of up to ₹2754 + GST will be charged
- PDD Charges
- Maximum amount of up to ₹466 + GST will be charged
- Retained Processing Fees in case of cool-off
- 1. A percentage of the one-time processing fees may be retained as the cool off fee if the customer exits the loan during the cooling-off period.
- 2. The exact amount of the cool off fees is disclosed upfront in the KFS (Key Fact Statement).
- Stamp Duty
- 1. Stamp duty charges as per actuals shall be applied based on the disbursement office / branch.
- 2. The exact amount of the Stamp duty charges is disclosed upfront in the KFS (Key Fact Statement).
- Maintenance & Procurement Cost
- 1. Maintenance & Procurement Cost may be applied based on the disbursement office / branch.
- 2. The exact amount of the Maintenance & Procurement Cost is disclosed upfront in the KFS (Key Fact Statement).
- *round to the nearest rupee
Application Requirements
- Mobile Number
- First & Last name
- Date of Birth
- Gender
- PAN
- Employment Type
- Monthly Income
- Address Proof
- PAN Photo
- Selfie
- Permanent Address
- Current Address
- Education
- Profession
- Marital Status
- Father/Mother/Spouse Name
- Reference Contact
- Co-Applicant Details
- Religion
- Income proof (for both salaried & business owners)
- Employment proof for salaried applicants
- Business ownership proof for business applicants
- Vehicle Brand, Model & On-Road Price
- Dealer Name & Details
- Dealer Disbursement Bank Account
- Downpayment Amount
- eNACH/UPI e-mandate
- Vehicle invoice (provided by dealer)
- Downpayment receipt (provided by dealer)
- Insurance Papers (provided by dealer)
- RTO Details paper (signed by customer)
How to Apply for a Two-Wheeler Loan Online on KreditBee?
Purpose and Uses of Two-Wheeler Loans
Frequently Asked Questions
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1. Who can apply for a Two-Wheeler Loan?
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2. What is the maximum loan amount?
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3. How long is the loan tenure?
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4. What documents are required to apply?
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5. What are the interest rates and fees?
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6. How can I apply for the loan?
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