Get on road with your favorite bike in the city of dreams – Mumbai; with Two wheeler Loan in Mumbai. All you need is to do is to choose the best bike in market and get the best possible quote for the bike of your choice from the nearest showroom and we will assist you with best two-wheeler loans in Mumbai. Do not forget to take a quote on the bike prices from a couple of dealers
Two wheeler loan in Mumbai
Information about two-wheeler loans in Mumbai
- Loan Amount: You can avail two-wheeler loans upto Rupees 1,50,000/- from our partner banks to buy the two-wheeler of your choice.
- Loan Sanction & Down payments: The loan amount usually offered is upto 80% of the ex-show room price of your two-wheeler which means you will have to make a down-payment of at least 20% while purchasing a bike.
- Rate of Interest: Rate of Interest applicable on this loan type is approximately 22% p.a.
- Loan Tenure: The loan tenor for purchasing two-wheeler will be up to 3 years.
- Fore Closure Charges: Normally, a Foreclosure charge of 5% is applicable if you choose to close the loan before the loan tenure.
- Processing Fee: A processing fee of Rs. 400 is charged with an additional charge for documentation as applicable.
Check your eligibility for availing Two-wheeler loans
- Age:You should be at least 21 years of age at the time of applying for the two-wheeler loan or less than or equal to 65 years of age at the end of the loan tenor.
- For salaried individuals: At least 1 year working experience is must to apply for two- wheeler loan.
- For self-employed individuals : You should be resident of Mumbai city for a minimum period of one year or should have a land line number either at residence or workplace.
Necessary Documentation required to obtain two-wheeler Loan
- Identity Proof
- Address proof
- Income proof
- Passport Sized Photograph
- Application form
Where and How to apply for your Two-Wheeler Loans?
- Two-wheeler loans in Mumbai can be easily applied at Letzbank which is a one-stop-shop for all kinds of loans including two-wheeler loans
- At Letzbank you get to choose from “The Best – Car Loan offers” being offered by leading banks in Mumbai.
- Letzbank never charges you any service fee for its services which are absolutely free for all online applicants.
- Our website letzbank; will assist you in planning your EMI and ROI in a highly accurate and efficient manner with the help of tools and services available for free on the website.
- You can also check your loan costs at various stages through our online tools absolutely free of cost.
- Once you submit your application for purchase of two wheeler allow us to assist you further in availing two wheeler loan your choice.