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GIGA Savings Account

Two Wheeler Loan by HDFC Bank

Book your ticket to a dream ride with Two Wheeler Loan by HDFC Bank

Book your ticket to a dream ride with Two Wheeler Loan by HDFC Bank

Making two wheeler purchase an easy gig for you

Perfect two-wheeler loan product for the gig worker/freelancer/self-employed

Perfect two-wheeler loan product for the gig worker/freelancer/self-employed

Loan eligibility starts with one year of gig work experience

Loan eligibility starts with one year of gig work experience

Attractive interest rates and convenient repayment terms

Attractive interest rates and convenient repayment terms

Loan amount - starting at ₹30,000 to up to ₹2 lakhs

Loan Amount- From ₹26,000 upto ₹4 lakh (for commuter lifestyle vehicle) and upto ₹50 lakh for Premium Superbike.

Get up to 100% finance on specific models if you are an HDFC Bank account holder, and avail attractive interest rates.

Flexible repayment tenures range from 12 to 48 months

ELIGIBILITY CRITERIA
  • Individual must be an Indian resident

    Individual must be an Indian resident

  • A gigster or a self-employed professional

    A gigster or a self-employed professional

  • Minimum 1 year of freelancing/gig experience and overall 2 years of work experience

    Minimum 1 year of freelancing/gig experience and overall 2 years of work experience

  • Age between 21 and 70 (at the end of loan tenure)

    Age between 21 and 70 (at the end of loan tenure)

DOCUMENTS REQUIRED

A. Identity proof: Any one of the following:

  • Election/Voter’s card issued by the Election Commission of India
  • Valid permanent driving license
  • Passport
  • Aadhaar/printout of e-Aadhaar (not older than 30 days)/e-KYC (biometric/OTP based)

B. Income proof (if applicable): Any one document out of the following:

  • 12 months Bank Statement
  • IT Return for the past 2 years
  • Form 16 of past 2 years
  • GST Registration
  • Udyam Registration Certificate 

How to apply for the loan

  • You can apply for Two Wheeler Loan by clicking here
  • Existing HDFC Bank GIGA customers can log in to HDFC NetBanking (LINK) using their HDFC Bank login credentials and enjoy fast processing and disbursals
  • Apply for Two Wheeler Loan today!

FREQUENTLY ASKED QUESTIONS

HDFC Bank offers up to 100% on-road funding. It is applicable for both existing customers as well as new customers based on customer profiles.

At HDFC Bank, we have not specified a minimum credit score for getting Two Wheeler Loan. However, a lower credit score may lead to the approval of lower loan amounts. A credit score more than 750 is generally considered excellent.

HDFC Bank offers flexible tenures on their Two Wheeler Loan. The minimum and maximum tenure are from 12 to 48 months.

No, but in case you don’t meet the bank’s norms, then you may be required to have a guarantor surety. A guarantor becomes a co-endorser and assumes liability in the event of default to stand surety for your loan.

Loan processing and disbursement will take at least 7 working days post submission of all requisite documents and information as may be required by the bank as per bank’s criteria.

Yes, you can get Two Wheeler Loan. It is not mandatory to have an account with us.

Repayments are enabled through Standing Instructions (SI) for HDFC bank account holders and through NACH for external account holders. If the repayment through these instruments is not cleared, there are alternate digital repayment modes, viz. PayZapp, GPay, BillDesk, Paytm etc.

Yes, you can pre-pay the loan any time after three months of availing of the loan at a nominal charge.

Kindly note: Cash Payment up to Rs 49,000 will be accepted towards pre-payment of the loan, and DD/MC/Cheques are also accepted.