Two Wheeler Loan
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- Two Wheeler Loan
Why choose this product?
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Flexi-Repay options, ranging from 12-48 months
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Hassle free and speedy loans - No guarantorA guarantor is a person who guarantees payment by another. It is also known as a suretyOne who has contracted to be responsible for another, especially one who assumes responsibilities or debts in the event of default.. A guarantor becomes a co-endorser and assumes liability in event of default. required
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Get special schemes for Harley Davidson Motorcycles
Calculate your EMI
Our EMI (Equated Monthly Instalment) calculator helps you calculate how much you need to pay every month towards your loan repayment, based on the Loan Amount, Tenor and Interest Rate.
Click here to Calculate your EMI
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What’s the Two Wheeler Loan all about
You will get some exclusive features and benefits with your HDFC Bank
- Get flexible repayment options, ranging from 12 to 48 months available even at the point of purchase.
- Repay through post-dated cheques with easy EMIs.
- Calculate your EMI.
- Get hassle free loans
- No need for a guarantorA guarantor is a person who guarantees payment by another. It is also known as a suretyOne who has contracted to be responsible for another, especially one who assumes responsibilities or debts in the event of default.. A guarantor becomes a co-endorser and assumes liability in event of default..
- Get a speedy loan approval.
- We provide loans for almost all models at attractive interest rates.
- Get free gifts from time to time on approval of your Two Wheeler Loan. (Watch this space for more details on the free gift promotion).
- We offer Special Schemes to suit your needs
How to get it?
To be eligible for a HDFC Two Wheeler loan, you need to:
- Be a salaried or self-employed individual.
- Be between the age of 21 years (at the time of application) and <= 65 years (at the end of the loan tenor).
- Earn a minimum gross income of Rs. 54,000/- p.a., if you reside in Mumbai, Delhi, Chennai, Bangalore, Calcutta, Pune and Rs. 42,000/- p.a. for all other cities.
- Reside for at least 1 year in the city.
- Reside for at least 1 year at the given residence address (in case of transfer from other location with less than 1 year at current location - please provide relevant documents to the bank during loan approval stage).
- Be working for at least 1 year.
- Have a phone at your residence or office.
If you are eligible for a HDFC Bank Two Wheeler Loan, you can apply simply by submitting just the following documents:
- Proof of Identity:
Any one of Passport Copy/ Photo Credit card- front & reverse/ Voters ID card/ Driving License/ PAN card/ Copy of Company ID card of MNC/ Public Ltd./ PSU/ Govt. company/ Ration Card (If Photo is given). - Address Proof:
Any one of Passport Copy/ Voters ID card/ Driving License/ Rental agreement/ Telephone Bill/ Electricity bill/ Gas Connection Bills/ Ration Card/ Sale deed/ Property purchase agreement/ Credit Card billing statement (latest)/ LIC policy/ Letter from Company or Company provided Accommodation (List of the company's as per the Banks List- ID card of MNC/ Public Ltd.,/ PSU/ Govt. Company Containing the residence address), Address proof in the name of the applicant's Spouse or parents name is acceptable. - Income Proof:
For Salaried : Latest Salary slip for Govt. employees; If Salary slip is not available, Only salary certificate to be accepted with deductions, For Partnership/ Proprietary firms & Pvt. Ltd. Co's- Salary Certificate to be accepted with the following mitigants: Salary Certificate to clearly state the deductions, Name & Designation of the authorized signatory.
For Self-Employed: Copy of the latest I. T. return.
What are the Special Schemes available?
We have special Two Wheeler loan schemes for you that suit your needs.
- Harley Davidson Motorcycles:
We provide a Super-Bike Finance scheme for Harley Davidson Motorcycles. For more details of the scheme, SMS to 5676712 or write to tw.support@hdfcbank.com - FastTrack:
If a spot approval is what you need, this highly flexible scheme gets you a loan of up to 60% with minimum interest rates. - EasyLoan:
This great scheme gets you a loan of up to 85% with minimal documentation. All you need as a Surrogate Income proof is:- A copy of credit card and credit card billing statement for the last 2 months OR
- A repayment track record OR
- Last 3 months bank statements
What are the fees and charges you must pay?
Here is the list of all the charges applicable to your Two Wheeler Loans.
| Description of Charges | Two Wheeler Loans |
|---|---|
| Two Wheeler Loans |
Between 14.50% to 30.00% IRR |
| Loan Processing Charges | Maximum - 4% of Loan Amount or Rs.600/- whichever is higher |
| Pre-payment charges |
|
| No Due Certificate / No Objection Certificate (NOC) | Nil |
| Duplicate no due certificate / NOC | Rs 500/- |
| Solvency Certificate | NA |
| Charges for late payment of EMI | 2.5% Per Month on the Unpaid Installment |
| Charges for changing from fixed to floating rateAn interest rate that is allowed to move up and down with the rest of the market or along with an index. of interest | NA |
| Charges for changing from floating to fixed rateAn interest rate that will remain at a predetermined rate for the entire term of the loan. of interest | NA |
| Stamp Duty & other charges | As per applicable laws of the state |
| Credit assessment charges | Up to Rs.750/- |
| Non standard repayment charges | Rs 250/- |
| Outstation clearing charges | Rs 25/- per cheque |
| Cheque swapping charges | Rs 500/- |
| Loan cancellation / re-booking charges | Rs 1000/- |
| Bounce Cheque Charges | Rs 450/- |
| Duplicate Repayment Schedule charges | Rs 500/- |
| Legal, Repossession & Incidental chargesIncidental charges are those expenses that are not budgeted or specified but are incurred by the bank on behalf of the customer. | At actuals |
| Direct Sourcing Charges | Up to Rs.750/- per vehicle |
| Transaction Fee for Suraksha Kavach | Rs 100/- per Cover Note Issued |
| Service Charges | Rs 50/- |
| Special NOC | Rs. 500/- per request |
| PDD Charges | Up to Rs.125/- |
| CIBIL Charges (only on request) | Rs. 50 |
Note: The above charges are the maximum charges applicable for each type of charge.
Have questions?
In which other ways can I get in touch with the bank for details on Two Wheeler Loans?
You can Call us or Visit our branch. Alternatively, for more details on our Two Wheeler Loans, SMS to 5676712 or write to tw.support@hdfcbank.com.
What is Grahak Seva Kendra?
Our Grahak Seva Kendra addresses your queries pertaining to Two-Wheeler Loans.
Contact our Grahak Seva Kendra on 020-39401010 between 10:00 AM and 05:30 PM from Monday to Friday, and 10:00 AM and 01:30 PM on Saturday.
Alternatively you can also contact our PhoneBanking number for customer support.
Do I have the option to pre-pay the entire loan amount?
Yes, you can pre-pay the loan any time after six months of availing of the loan at a nominal charge.
Do I need a guarantor?
No, but in case if you don't meet the Bank's norms then you may be required to have a guarantorA guarantor is a person who guarantees payment by another. It is also known as a suretyOne who has contracted to be responsible for another, especially one who assumes responsibilities or debts in the event of default.. A guarantor becomes a co-endorser and assumes liability in event of default. suretyOne who has contracted to be responsible for another, especially one who assumes responsibilities or debts in the event of default.. A guarantorA guarantor is a person who guarantees payment by another. It is also known as a suretyOne who has contracted to be responsible for another, especially one who assumes responsibilities or debts in the event of default.. A guarantor becomes a co-endorser and assumes liability in event of default. becomes a co-endorser and assumes liability in event of default. To stand suretyOne who has contracted to be responsible for another, especially one who assumes responsibilities or debts in the event of default. for your loan.
How long will it take to process the loan?
The loan gets processed within 48 hours of completing documentation.
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What can you do online?
- To avail a Two Wheeler Loan, you can log a request online and get convenient door step service.
Special Offers
- Freecharge.in - Get Double than what you pay! Offer for Mastercard Debit Cardholders
- Bookmyshow - Get 25% off on ticket bookings with your HDFC Bank Visa Platinum Debit Cards
- Big Bazaar - Visa Super Saver Offers(Get 5% instant discount on select ‘Super Saver’ offers)
- Starwood Hotels & Resorts - Everyday at Starwood. Everyday for Less.
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Get started with your Two Wheeler Loan
Have you got your Welcome Kit? Inside your welcome kit you should find a:
- Welcome Letter – This is to welcome you as an HDFC Bank Two Wheeler Loan customer to enjoy various privileges and services.
- Repayment Schedule – This is to help you with the repayment pattern applicable to your Two Wheeler Loan.
Fees and Charges
Here is the list of all the charges applicable to your Business Gold Credit Card.
| Description of Charges | Two Wheeler Loans |
|---|---|
| Loan Processing Charges | Maximum - 4% of Loan Amount or Rs.600/- whichever is higher |
| Pre-payment charges |
|
| No Due Certificate / No Objection Certificate (NOC) | Nil |
| Duplicate no due certificate / NOC | Rs 500/- |
| Solvency Certificate | NA |
| Charges for late payment of EMI | 2.5% Per Month on the Unpaid Installment |
| Charges for changing from fixed to floating rateAn interest rate that is allowed to move up and down with the rest of the market or along with an index. of interest | NA |
| Charges for changing from floating to fixed rateAn interest rate that will remain at a predetermined rate for the entire term of the loan. of interest | NA |
| Stamp Duty & other charges | As per applicable laws of the state |
| Credit assessment charges | Up to Rs.750/- |
| Non standard repayment charges | Rs 250/- |
| Outstation clearing charges | Rs 25/- per cheque |
| Cheque swapping charges | Rs 500/- |
| Loan cancellation / re-booking charges | Rs 1000/- |
| Bounce Cheque Charges | Rs 450/- |
| Duplicate Repayment Schedule charges | Rs 500/- |
| Legal, Repossession & Incidental chargesIncidental charges are those expenses that are not budgeted or specified but are incurred by the bank on behalf of the customer. | At actuals |
| Direct Sourcing Charges | Up to Rs.750/- per vehicle |
| Transaction Fee for Suraksha Kavach | Rs 100/- per Cover Note Issued |
| Service Charges | Rs 50/- |
| Special NOC | Rs. 500/- per request |
| PDD Charges | Up to Rs.125/- |
| CIBIL Charges (only on request) | Rs. 50 |
Note: The above charges are the maximum charges applicable for each type of charge.
Have questions?
What are the Conditions in which Form-35 is withheld/ not-issued by the Bank?
- Copy of RC Book is not submitted
- The same vehicle is encumbered to the Bank for any other loan facility
- Any notice from a competent authority restraining the Bank from release of hypothecation
- If there are existing any over dues, direct or otherwise, in your name
How should I apply for a duplicate NOC/ closure letter?
We request you to visit our nearest Retail Asset Branch along with the written request for duplicate No Objection Certificate (NOC) and your photo identity proof.
This service is charged @ Rs.500.00 per request for NOCs, for removal of hypothecation, and Rs. 250.00 for closure letter for a personal/business loan.
You may refer the charges details by clicking here
You need to submit the cheque favouring "HDFC Bank Ltd. Loan A/c - XXXX" at the nearest Retail Asset Branch.
What will be done with the post-dated cheques if I request to change the mode of repayment/ account for my loan?
Post-dated cheques / security cheques submitted earlier will be dispatched to your mailing address within 15 days provided the revised instructions are verified and found to be in order.
How much time will it take to change the mode of repayment/ account for repayment of my loan?
It will take 25 working days to activate the revised instructions. In case your next instalment falls due prior to the said date, instruction already lodged with us will be presented for payment.
In which other ways can I get in touch with the bank for details on Two Wheeler Loans?
You can Call us or Visit our branch. Alternatively, for more details on our Two Wheeler Loans, SMS to 5676712 or write to tw.support@hdfcbank.com.
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Special offers
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- Freecharge.in - Get Double than what you pay! Offer for Mastercard Debit Cardholders
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