Idbi Two Wheeler Loan Eligibility

Idbi Two Wheeler Loan Eligibility

Bank Finance Amount Interest Rate Tenor Processing Fee Advance Part Payment Action
1,20,000 9.95 84 0 NILL Check eligibility

Two-wheelers are more handy and east to carry – so are two-wheeler loans. IDBI offers best in class two-wheeler loans for purchase of high end two-wheeler especially the ones starting from Rs. 1.20 Lakhs.

Various Features of IDBI Two-Wheeler Loan

  • Maximum Loan Amount: The bank offers finance for high end two-wheeler which starts from the range of Rs.1.20 Lakhs. The bank ensures that you get maximum loan depending on your eligibility to borrow loan. The bank offers a large coverage of high-range bikes you would like to purchase.
  • EMI: The bank offers loans on reducing balance basis. You can make use of Letzbank EMI calculator to know your monthly EMI by entering Loan Amount, Loan Tenure and, Rate of interest being levied on the two-wheeler loan.
  • Loan tenure: You can borrow a two-wheeler loan for maximum loan tenure of 7 years. Longer tenures ensure that your EMIs are affordable.
  • IDBI’s Tie-up with Manufacturers: IDBI has direct tie-up with leading manufacturers which eases the facilitation of two-wheeler loans as and when the customer wants.

Eligibility Criteria

For Salaried

  • Age 18 years and maximum 70 years.
  • Annual Income must be Rs.1,80,000/-

For Self-Employed

  • Age 18 years and maximum 70 years.
  • Annual Income must be Rs.1,80,000/-

Documents Required

For Salaried

  • Identity Proof
  • Address Proof
  • Three Month’s Salary slip
  • Income Tax Return Certificate
  • 6 Months Bank Statement

For Self-Employed

  • Identity Proof
  • Address Proof
  • Business Continuity Proof
  • Income Tax Return Certificate
  • Balance Sheet
  • P&L Statement

You can apply for any two-wheeler loan at Letzbank portal by comparing various two-wheeler loan offers being offered by leading partner banks in India. Once you visit the website you will be able to view all the two-wheeler deals in a comparative format and all you will be required to do is to choose the best deal suiting your budget. Once you finalize the deal all you will be required to do is to submit your applications online through Letzbank portal and avail a 100% waiver of service fee for all online applicants.