HDFC Bank Two-wheeler loans

Get instant two-wheeler loans at competitive interest rates and processing fees from HDFC Bank. If you are an HDFC Bank pre-approved customer, you can also enjoy 2% lower interest rates and a flat processing fee.

What are the types of HDFC bank Two-wheeler loans?

The HDFC bank offers mainly two options in a two-wheeler, you can select anyone as per the two-wheeler vehicle requirement.

Two Wheeler mortgage

If you want to purchase a two-wheeler and want to finance it, then HDFC would have the highest offer for you. You will use this loan at a reasonable interest rate of 12.50%

Super Bike Two Wheeler Loan –

If you are planning to purchase a superbike, with HDFC, you can the best offers available to you at enticing interest rates starting at 8.50%.

HDFC Bank Two-wheeler loan interest rate

ProductMinimum IRRMaximum IRRAverage IRR
Super Bike loan8.50%15.08%11.54%
Two-wheeler loan 

The Two-wheeler loan eligibility of HDFC bank

  • The minimum age to apply for a two-wheeler loan with HDFC bank is 21 years and the maximum is 65 years.
  • The minimum monthly income requirement to apply for a Two-wheeler loan is Rs 7000 for salaried and Rs 6000 for self-employed.
  • Must be having a credit score of 700, or above to apply for a Two-wheeler loan.

The benefits of applying for HDFC Two-wheeler loans

  • Hassle-free online and offline procedure to apply for two-wheeler loans
  • Fast loan disbursals with minimal documentation
  • Appealing Two-wheeler interest Rate
  • Convenient transaction and direct debit method.
  • Get financing 80-90% of the on-road price of the vehicle.
  • The repayment tenure ranges from 12 months to 48 months. These are flexible repayment options. This facility is available even at the point of purchase.
  • Loans can be availed from more than 3000 branches across India.

The documents required to apply for HDFC bank Two-wheeler loan

Identity proof:

  • Election /Voter’s card issued by Election Commission of India 
  • Permanent Driving license [not expired] 
  • Passport [not expired]
  • Proof of possession of Aadhaar / printout of e-Aadhaar (not older than 30 days) / e-KYC (Biometric / OTP based) 
  • Job card issued by NREGA duly signed by an officer of the State Government 
  • Letter issued by the National Population Register containing details of name & address 

Address proof to be separately provided if different from Identity proof

  • Utility bill, in the name of customer, which is not more than two months old of any service provider (electricity, telephone, post-paid mobile phone, piped gas/gas passbook, water bill); 
  • Property or Municipal Tax receipt, in the name of the customer. 
  • Letter of allotment of accommodation from employer issued by State Government or Central Government Departments, statutory or regulatory bodies, public sector undertakings, scheduled commercial banks, financial institutions, and listed companies and leave and license agreements with such employers allotting official accommodation.

Income Proof, if applicable

  • 3 months Bank Statement / Latest ITR for Self Employed
  • 3 months’ salary slip/ 3 months bank statement with salary credit/ Form 16 for Salaried

HDFC Bank offers an EMI calculator on the official website which can be used by any user for calculating the EMI for the prospective loan amount chosen by them. The EMI calculator is available on the product page of two-wheeler loans. In this two-wheeler loan EMI calculator, the user will be required to enter the details of the loan such as the loan amount, the annual rate of interest, and the loan repayment tenure in months.

How to apply for HDFC Two-wheeler loans in India

  • To apply for a two-wheeler loan with HDFC bank, you are required to register a two-wheeler loan online either at the third party lender’s platform or direct visit the bank’s website.
  • Fill out the standard application form for HDFC Two Wheeler Loan.
  • Patiently hold for the bank’s representative’s call.
  • Get customized assistance and select the most appropriate deal depending on your needs.
  • Enjoy the Two Wheeler.