Two Wheeler Loan Rates & Fees

Two Wheeler Loan

Apply Now

Enclosed below are HDFC Bank Two Wheeler Loan Interest Rates & Charges

Here is the list of all the charges applicable to your Two Wheeler Loans.

Description of Charges Two Wheeler Loans
Loan Processing Charges Maximum - 3% of Loan Amount
Documentation Charges Maximum - 3% of Loan Amount
Pre-payment charges
  • Within 4 months to 6 months from the 1st EMI – 10% of principal outstanding
  • Within 7 months to 12 months from the 1st EMI - 6% of principal outstanding
  • 13-24 months from 1st EMI - 5% of principal outstanding
  • Post 24 months from 1st EMI - 3% of principal outstanding
  • Prepayment is not allowed within three months of EMI repayment
No Due Certificate / No Objection Certificate (NOC) Nil
Overdue EMI Interest 2.5% Per Month on the Unpaid Installment
Stamp Duty At actuals as levied by respective State Govt.
Cheque Bounce / EMI return charges Rs 500/-
Loan cancellation charges: NIL (However client would be charged interest for the interim period between date of loan disbursement to loan cancellation and Processing fees, Documentation charges & Stamp Dutystamp duty (A tax levied on documents, stamp duty applies to documents like cheques, receipts, licenses and transaction records.) applies to documents like cheques, receipts, licenses and transaction records. would be retained.)
Legal, Repossession & Incidental charges (Incidental charges are those expenses that are not budgeted or specified but are incurred by the bank on behalf of the customer.) At actuals
Duplicate NOC Rs. 500/- per request
CIBIL Charges (only on request) Rs. 50
PDD Collection Charges Up to Rs.450/-
Cheque/ECS swapping Charges Rs 500/-
Amortization Schedule Charges Rs 200/-
Special NOC Charges Rs 500/-
Loan Rebooking/Reschedulement Charges Rs 1000/-

Rates offered to customer during the period of Jul'20 to Sept'20

Product Average
Min APR Max APR Avg IRR
SUPER BIKE TWO WHEELER LOAN
9.15% 15.05% 12.11%
TWO WHEELER LOAN 11.66% 26.34% 20.72%

Annual Percentage Rate offered to customer during the period of Jul'20 to Sept'20

Product Average
Min APR Max APR Avg IRR
SUPER BIKE TWO WHEELER LOAN
9.28% 16.16% 12.30%
TWO WHEELER LOAN 11.85% 31.54% 21.77%

Note: The above charges are the maximum charges applicable for each type of charge.

* Charges which are in nature of fees are Exclusive of applicable Government taxes and other levies.
Applicable Government taxes and other levies, would be charged additionally.

Loan Processing fees, Documentation charges and Stamp Duty applies to documents like cheques, receipts, licenses and transaction records.is non-refundable.

PDD Collection Charges are refundable in case of loan cancellation.

Two Wheeler Loan Benefits

  • Flexible Repayment Tenure

  • Fulfil Your Every Need

  • Online Application

  • Competitive Rates

Overview Eligibility Criteria Documentation Rates & Fees

Two Wheeler Loan Articles

What are the documents required for a Two Wheeler Loan?

When you have zeroed in on the dream bike you have always wanted, or the utility scooter to move around in, the obvious next step is to look at financing.

Read More

How to get a Two Wheeler Loan

If you have been thinking of reclaiming your independence to move around, there is no better time than now to buy your dream bike or scooter at affordable interest rates. You can avail up to 100% finance at flexible tenures and easy repayment options.

Read More

What is a Super Bike Loan?

You have been dreaming of owning a super bike but are held back due to paucity of funds.Have you considered financing options for your purchase? A Super Bike Loan may be just the right option for you. But what is a Super Bike Loan?

Read More

People also looked at

Education Loan Car loan Business Loan Home Loan
Apply Now