IndusInd Bank Two-wheeler loans

The IndusInd bank is one of the premier new-generation private sector banks in India.  The bank has a nationwide presence with more than 745 branches in 392 locations. IndusInd Bank provides a wide range of financial services such as loans, accounts, and deposits for its diverse customers who belong to different profiles such as NRIs, corporates, government, and other individuals. Among all, one of the popular services offered by IndusInd Bank is a Two-wheeler loan. Under this, a customer can buy a vehicle for both personal and commercial use. The interest rate starts at @21%.

Features and benefits of applying for IndusInd Bank Two-wheeler loans:

• A customer can purchase a two-wheeler of any brand and model through an IndusInd two-wheeler loan.
• Simple documentation and quick approval.
• The bank ensures complete transparency in the loan process with no hidden costs.
• One can apply for a two-wheeler loan online also.
• Borrowers get the leverage to choose a repayment tenure that ranges from 12 to 60 months and the customized repayment schemes for customers.
• The repayment tenure of IndusInd Bank's two-wheeler loan is up to 3 years.

IndusInd Bank Loan interest rates

The eligibility criteria to apply for IndusInd Bank Two-wheeler loan

• The bank offer two-wheeler loans to customers of a minimum of 18 years of age. This loan is provided to individuals, businesses, and MSMEs.
• The requirement of documents differs on the basis of the employment and income source of the applicant. 
• The minimum monthly salary requirement is Rs 10000
  

Documents required to apply for IndusInd Bank Two-wheeler loan

For Self-employed 

• Passport-sized photographs.
• PAN details
• Application forms should be signed by the applicants.
• Identity Proof - PAN/ Voter ID/ Passport/ Driving License.
• Address proof - Passport/ license/ utility bill/ Registered rent agreement.
• Income documents- ITR of last two years
• Business existence proof- Under this you can submit VAT/ Service tax registration/ incorporation details if having companies/ Business address proof.
  

For salaried 

• Passport-sized photographs.
• PAN Details
• Application forms should be signed by the applicants.
• Identity Proof - PAN/ Voter ID/ Passport/ Driving License.
• Address proof - Passport/ license/ utility bill/ Registered rent agreement.
• Income documents- Form 16 or latest 3-month bank statements

How to apply for IndusInd Bank Two-wheeler loan

• Visit IndusInd Bank's official website.
• Click on ‘Apply Now.
• Enter your name, mobile number, alternate number, email address, and pin code.
• Click on ‘Generate OTP’.
• Enter the OTP.
• Click on ‘Submit’.
• An IndusInd Bank executive will call you to process the request.