Gwalior is one of the most preferred cities in India to reside. It is being surrounded by three industrial areas and many administrative offices. It is known for different types of architectural buildings like Italian, Chinese, Russian, Maratha, Mughal, and Rajput. Commercial establishments are on the rise, and the government is also working on metro train projects. Most of the residents of Gwalior prefer to commute using two-wheeler vehicles only to avoid being standing long on the roads of Gwalior.
But everyone can’t afford to buy a dream bike with their savings, sometimes one feels in need of financial assistance. If you are looking for 2-wheeler loans in Gwalior to get that dream bike to ride, then read on.
Features and benefits of Two-wheeler loan in Gwalior
The eligibility criteria to apply for Two-wheeler loans in Gwalior
The documents required to apply for Two-wheeler loans in Gwalior
Two-wheeler loan interest rates in Gwalior
|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%|
The easiest modes to apply for two-wheeler loans in Gwalior
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 Gwalior 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 Gwalior. 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 Gwalior
The Processing Fee required for availing Two Wheeler Loan in Gwalior 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.
How to apply for Two-wheeler loans in Gwalior