Ahmedabad, the capital city of Gujarat is the industrial and economic hub in India. The city has become the base of several business activities. Being the second-largest cotton producer in the country, textile is the major business that brings considerable revenue to the city. If you are looking for 2-wheeler loans in Ahmedabad to get that dream bike to ride, then read on.
Features and benefits of Two-wheeler loans in Ahmedabad
The eligibility criteria to apply for Two-wheeler loans in Ahmedabad
The documents required to apply for Two-wheeler loans in Ahmedabad
Most showroom owners or two-wheeler dealers have collaborated with the best of NBFCs and Banks to make the process of applying for two-wheeler loans in Ahmedabad hassle-free.
Bike manufacturers like Hero, TVS, and Bajaj have their own lending services through which they provide loans for their customers at competitive interest rates.
Online there are many lenders available including banks and NBFCs, with whom one can apply for Two-wheeler loans in Ahmedabad. You will need to fill up the required details like address proof, Income proof, and identity proof as asked on the website. A bank/NBFC representative will come to your home to collect the necessary documents. The loan amount will be disbursed after document verification. This is the best way to get an instant eligibility check.
Fees / Prepayment Charges on Two Wheeler Loans in Ahmedabad
The Processing Fee required for availing Two Wheeler Loan in Ahmedabad is 3% of the loan amount (maximum).
The Payment Charges are simply processed from 3% to 10% of the outstanding principal.
And Prepayment Charges include:
Prepayment is not allowed within three months of EMI repayment.
Top banks and NBFCs offering Two-wheeler loans in Ahmedabad
|Axis Bank||Starts from 10.50%|
|Bajaj FinServ||Based on the borrower’s credit profile|
|Bank of Baroda||one-year MCLR + strategic premium + 4.00%|
|HDFC Bank||Starts from 10.50%|
|Hero FinCorp||Based on the borrower’s credit profile|
|IndusInd Bank||Starts at 8.50%|
|Mahindra Finance||Starts from 10%|
|Muthoot Capital||11% onwards|
|State bank of India||17.20%|
|Tata Capital||Starts at 10%|
|Shriram City Union Finance||MCLR+3.25%|
|ICICI Bank||Starts from 10.50%|
|L&T Finance||Interest rate starting from 10.75%|
|Punjab National Bank||Starts from MCLR+3.25%|
|TVS Credit||10.65% to 29%|
How to apply for Two-wheeler loans in Ahmedabad