Tata Capital Two Wheeler Loan

If you’re a bike lover and have been eyeing that expensive bike for yourself, now is the right time! More and more banks have started offering two-wheeler loans for premium bikes and scooters that are on a higher end than usual two-wheelers.

The two wheeler industry in India has been booming with the introduction of premium bikes getting launched everyday. India is now a fast growing market for bikes and more and more international companies are cashing on this growth and offering premium bikes to Indian bike enthusiasts

Banks and independent financial institutions have also realized the potential in two-wheelers which is why getting a two-wheeler loan is much easier these days. You can expect to get a two-wheeler loan for even premium bikes that are over a lakh in cost.

Overview Of Tata Capital Two Wheeler Loan

Tata Capital two-wheeler loans are designed to offer the maximum advantage to the consumers. You can expect to get a two-wheeler loan approved for upto 95% of the on-road price of a two-wheeler. Tata Capital two-wheeler loans offer quicker loan processing with minimal documentation.

Why Pick Tata Capital Two Wheeler Loan?

Tata Capital two-wheeler loans are popular because:

✔ Loan Tenure – You can extend the loan tenure for upto five years that provides you greater flexibility.

✔ Simple Loan Processing – Tata Capital offers a hassle-free way of processing loans with minimal paperwork.

✔ Faster Loan Disbursal – Tata Capital approves two-wheeler loans in a swift manner so that you get that favorite bike of yours in no time.

✔ Maximum Funding – You can expect to get upto 95% funding of the on-road price of your two-wheeler.

Features of Tata Capital Two Wheeler Loan

Tata Capital two-wheeler loans offer the following features:

1. Easy Documentation – Tata Capital offers a simple documentation process that allows you to get finance for a two-wheeler in no time.
2. Maximum Funding – Get finance for your two-wheeler for upto 95% of the on-road price of your bike with the help of Tata Capital two-wheeler loans.
3. Extended Loan Tenure – You can get a longer loan tenure for upto five years only at Tata Capital.
4. On the spot approvals – Tata Capital’s presence in various bike showrooms makes it easily accessible for on the spot approvals based on your credit history, etc.
5. Competitive Interest Rate – Tata Capital offers one of the lowest interest rates in the two-wheeler loan segment.

Benefits of Tata Capital Two Wheeler Loan on Letzbank.com

Letzbank is a leading website for all loans and offers many attractive benefits to its customers. Here are the benefits of getting a two wheeler loan at Letzbank:

✔ Loan Comparison – Letzbank offers two wheeler loans from all the leading banks and presents them in one single page to allow comparisons. It is a hassle-free way to choose the best loan option quickly.

✔ Additional Services – You can apply for any loan with any bank at Letzbank website and need not pay any fee.

✔ Service Charge Waiver – Letzbank waives off the service fee applicable on all loan applications as a goodwill gesture.

✔ Instant Quotes – Letzbank works directly with banks to give you instant access to two-wheeler loan quotes from your choice of bank.

✔ Online Form Application – You can simply submit the two-wheeler loan application from the comfort of your home and let us handle the application process.

✔ Determine Eligibility Online – Determine your eligibility for a two-wheeler loan at Letzbank within seconds in the most hassle-free manner.

Tata Capital Two Wheeler Loan Eligibility

Tata Capital has different criteria for standard bikes and super bikes:

Standard Bikes:

✔ Age – Minimum age should be 21 years while maximum age should be 65 years (at loan maturity).

✔ Loan Amount – The minimum loan amount is Rs. 10,000 and the maximum is Rs. 1.5 lakhs.

✔ Loan Tenure – The minimum loan tenure is one year and the maximum is five years.

✔ Residence – You must be staying at the current residence for more than a year.

✔ Employment – You must be working at the current organization for atleast an year.

✔ Loan amount approved for upto 95% of the vehicle value.

Super Bikes:

✔ Age – Minimum age should be 21 years while maximum age should be 65 years (at loan maturity).

✔ Loan Amount – The minimum loan amount is Rs. 10 lakhs and the maximum is Rs. 40 lakhs.

✔ Loan Tenure – The minimum loan tenure is one year and the maximum is three years.

✔ Residence –Must reside at own house or parent’s house.

✔ Employment – Must be employed with the same company for atleast two years.

✔ Income – Minimum income must be Rs. 15 lakhs per annum for salaried and Rs. 5 lakhs for self-employed.

✔ Loan amount approved for upto 65% of the vehicle value.

Tata Capital Two Wheeler Documents Required

Standard Bikes:

1. Proof of Address – Any valid government Id.
2. Proof of Identification – Any valid government Id.
3. Proof of Income –Salaried - Form 16/Salary slips for the past 3 months/last 3 months bank statement. Self-Employed – Latest Income Tax Return.
4. Bank Statement – Last three months’ statement.

Super Bikes:

1. Proof of Address – Any valid government Id.
2. Proof of Identification – Any valid government Id.
3. Proof of Income – Salaried - Form 16/Salary slips for the past 3 months/last 3 months bank statement. Self-Employed – Latest Income Tax Return.
4. Bank Statement – Last six months’ statement.

Tata Capital Two Wheeler Loan Interest Rates At Letzbank

Tata Capital two-wheeler loans are available at Letzbank for upto Rs.1.5 lakhs at an interest rate of 22% and a loan tenure of three years. The processing fees is set at 4% and advance part payment is allowed. The foreclosure charges are set at 5 percent and the document charges are as applicable.