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HDFC Two wheeler Loan Interest Rate

Current HDFC Bank Two wheeler Loan Interest Rates India May 2021

Last Updated 07th May 2021

Interest Rates 9.10%
Maximum Loan Amount Eligibility 85% of On Road Price
Maximum Loan Tenure 4 years
Lowest EMI per ₹ Ten Thousand Loan Amount ₹ 249
Processing Fee 3% of Loan Amount with Minimum ₹ 600
Prepayment Charges 3%-10%, after 3 EMIs
Interest Calculation EMI on a monthly reducing balance
Age Between 21 years and 65 years
Apply for Two Wheeler Loan @ 11.60%*

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HDFC Bank Two wheeler Loan

HDFC Bike Loan Interest Rates

HDFC Bank bike loan Interest rate calculator works on various inputs like:

  • Salary - Higher salary bracket individuals are offered loans at lower interest rates. HDFC Bank auto loan rate varies with your net monthly income.
  • Employer category – Employer category of the borrower is a major deciding factor in order to determine his/her rate of interest. HDFC Bank has a list of company categories of salaried individuals to which they avail two wheeler loans. So, higher company category leads to low rate of interest.
  • Type of two wheeler - HDFC interest rate depends upon the type of bike you want to buy. If you have applied loan for a high value two wheeler, then the bank offer low interest rate on your two wheeler.
  • Relationship with the Bank – HDFC Bank offers special rates, offers and charges to the salary account holders of the bank. Those who have managed their accounts low HDFC Bank 2 wheeler interest rate.
Compare Two Wheeler Loan Rates of All Banks in India

HDFC Two wheeler Loan Eligibility

Eligibility of 2 wheeler loan in HDFC Bank relies upon different factors but the most important factor is your ability to repay the loan. Two wheeler loan calculator calculates eligibility of an applicant depending upon various factors like

  • Age: Age plays an important role to know your eligibility and repayment capacity. HDFC Bank offers two wheeler loan to individuals who are atleast 21 years old at the time of loan approval and maximum 65 years at the time of loan maturity.
  • Income: HDFC Bank bike loan calculator calculates your eligibility based upon your income. Usually bank set minimum levels of income to apply for two wheeler loan. HDFC Bank asks for net monthly income of ₹ 7,000 from salaried professionals.
  • CIBIL Score: Your past CIBIL history and repayment record of existing loans and credit cards has direct impact on your two wheeler loan eligibility. If you have a poor repayment record, then you may not get the loan but on the other side, a regular repayment record increases your two wheeler loan eligibility.

HDFC Two wheeler Loan EMI

Two wheeler Loan EMI of HDFC Bank is a fixed amount that you pay each month towards the repayment of your bike loan till the end of tenure. Lowest EMI offered by HDFC Bank is ₹ 249 per ten thousand loan amount at lowest two wheeler loan interest rate of 9.10%. HDFC Bank bike loan EMI calculator depends on factors like:

  • Auto Loan HDFC interest is an important factor which affects your EMI. Higher the interest rate, higher will be the EMI
  • Loan tenure matters equally as longer tenure reduces your monthly EMI per lakh
  • Your EMI depends upon the amount of loan you are going to borrow. Loan EMI will be high if you apply for a high loan amount
  • Two wheeler loan EMI calculation varies from bank to bank depending upon the method of calculation

HDFC 2 Wheeler Loan Apply

HDFC Bank gives the facility of bike loan to the people who want to fulfil their dream of having their own 2 wheeler. There are some features and benefits of taking auto loan from HDFC Bank:

  • Convenient and hassle free process
  • Speedy loan approval
  • Competitive pricing

Documents Required for HDFC 2 wheeler Loan

Two wheeler loan HDFC Bank documents for salaried employees

  • Signed loan application form
  • Photographs
  • Income Tax PAN Copy
  • Identity Proof – Driving License/ PAN/ Passport/ Voter ID
  • Address Proof - Registered Rent Agreement/ Passport/ Leave and License/ Utility Bill
  • Income Documents – Form 16, last 3 months pay slip, bank statement of 3 months showing salary credit and any EMI debit

Two wheeler loan HDFC Bank documents for Self-Employed

  • Signed loan application form
  • Photographs
  • Income Tax PAN Copy
  • Identity Proof - Driving License/ PAN/ Passport/ Voter ID
  • Address Proof - Registered Rent Agreement/ Passport/ Leave and License/ Utility Bill
  • Income Documents – Last 2 years ITR
  • Business existence proof such as VAT/ service tax registration, business address proof, incorporation details in case of companies

FAQs

✅How much interest is charged by HDFC Bank on two wheeler loan?

HDFC Bank bike loan interest rates today are 9.10% to 25.99%.

✅What is the lowest EMI for ten thousand amount on HDFC Bank two wheeler loan?

If you apply for a 2 wheeler loan from HDFC Bank, your lowest EMI for ten thousand amount will be ₹ 249.

✅What is the maximum tenure of HDFC bike loan?

You can repay your bike loan from HDFC Bank in a flexible period of maximum 4 years.

✅How much auto loan I can borrow from HDFC Bank?

HDFC Bank offers you 85% of On Road Price of two wheeler as loan.

✅How much processing fee is charged by HDFC Bank on bike loan?

HDFC Bank charge a processing fee of 3% of Loan Amount with Minimum ₹ 600 with applicable service tax.

✅Is age an eligibility factor to get two wheeler loan from HDFC Bank?

Yes, age is an important eligibility factor to get HDFC Bank two wheeler loan as you should be at least 21 years old at loan approval time and 65 years old at loan maturity time.

✅Are there any prepayment charges on HDFC Bank two wheeler loan?

You can foreclose your two wheeler loan from HDFC Bank with 3%-10%, after 3 EMIs.

Related Topics
Apply Two Wheeler Loan OnlineTwo Wheeler Loan Interest RatesSBI Two Wheeler LoanPNB Two Wheeler LoanIndusInd Bank Two Wheeler LoanMore BanksUsed Bike LoanTwo Wheeler Insurance Super Bike LoansBike Loan EMI Calculator
HDFC Two Wheeler Loan News - May 2021
  • 2021-04-19 : HDFC Bank Q4 net profit rises 18% YoY to Rs 8,186.5 crore
    In Q3FY21, HDFC Bank had reported a net profit of Rs 8,758.3 crore and an operating profit of Rs 15,186 crore. The bank advances which include home, LAP, personal, two-wheeler, car, gold, education and doctor loan along with business and mudra loans aggregated to Rs 11,320 billion. Further, The bank’s deposits which include fixed and recurring deposits grew 16.3% at approximately Rs 13,350 billion as of March 31, 2021, as compared to Rs 11,475 billion year-on-year (YoY).
  • 2021-01-18 : HDFC Bank net profit rose by 18%
    HDFC Bank net profit grew by 18% over a year ago in the December-ended quarter on the back of improved net interest income. Advances which include home, personal, car, two-wheeler and gold loans along with business and mudra loans during the quarter rose 15.6% year-on-year to Rs 10.82 lakh crore. Deposits which includes FD and RD grew by 19% from last year to Rs 12.7 lakh crore. Further, The CASA ratio for the bank stood at 43%.
  • 2021-01-08 : HDFC Bank posted a double-digit increase in deposits and advances
    HDFC Bank reported a double-digit increase in deposits and advances in the third quarter of the fiscal year. The bank advances which include home, personal, car, two-wheeler, gold and education loan along with business and mudra loans hiked by 16% to Rs 10.82-lakh crore as on December 31, 2020. Further, the bank’s deposits rose by 19% in the third quarter of the fiscal to Rs 12.71-lakh crore. The CASA ratio is reported at around 43% as of December 31, 2020.
  • 2020-11-12 : HDFC Bank launched SmartHub Merchant Solutions 3.0
    HDFC Bank has launched a comprehensive banking and payment solution for merchants, SmartHub Merchant Solutions 3.0. The product offers the facility of instant account opening and merchant setup, applying for a loan like home, personal, car, two-wheeler, and gold loan along with business and mudra loans. In addition to this, it also offers credit cards.
  • 2020-10-12 : HDFC Bank introduced festive offers for rural India
    HDFC Bank is offering special festive offers for its rural and semi-urban markets. Customers will get special deals on all banking products from loans to bank accounts. This includes home loans, 2-wheeler loans, car loans, tractor loans, gold loans or business growth loans. Customers can avail of flat 5% to 15% off in various categories of products.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
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