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Top Banks Two Wheeler Loan Lowest Interest Rate Starting at 9.90% p.a. as on 20 Jun 2021

Top Bank Loan Interest Rate (updated on 20 Jun 2021)

BankInterest RateTenureExplore
Axis BankN/AMax. 3 Years Explore
Bandhan Bank LimitedN/AMax. 3 Years Explore
Dhanalakshmi BankN/AMax. 5 Years Explore
Hdfc BankN/AMax. 5 Years Explore
Icici Bank LimitedN/AMax. 5 Years Explore
Idfc Bank LimitedN/AMax. 5 Years Explore
Corporation BankN/AMax. 36 Months Explore
Indian Overseas BankN/AMax. 72 Months Explore
Dcb Bank Limited11.01% to 19.19%Max. 36 Months Explore
Federal Bank11% to 15%Max. 48 Months Explore
Laxmi Vilas Bank12.80%Max. 36 Months Explore
Karnataka Bank Limited13.20%Max. 60 Months Explore
Union Bank Of India14.40%Max. 36 Months Explore
Tamilnad Mercantile Bank Limited15.80%Max. 35 Months Explore
Indusind Bank21% to 29%Max. 5 Years Explore
Idbi Bank9.90% to 9.95%Max. 84 Months Explore
Oriental Bank Of CommerceBR + 0.50% i.e. 10.20% to BR + 0.75% i.e. 10.45%Max. 84 Months Explore
Indian BankBR+2.75% i.e. 12.40%Max. 60 Months Explore
Rbl Bank LimitedContact your bank branchMax. 5 Years Explore
City Union Bank LimitedLoan amount Max. 35,000 - BR plus 7.00 i.e. 17.50%Max. 36 months Explore
Jammu And Kashmir Bank LimitedLoan Period upto 3 years - MCLR+1% i.e. 9.70% Loan Period above 3 years - MCLR+1.25% i.e. 9.95%Max. 5 Years Explore
The Nainital Bank LimitedMCLR + 0.25% i.e. 8.75% to MCLR + 0.70% i.e. 9.20%Max. 84 Months Explore
Central Bank Of IndiaMCLR + 0.40% i.e. 8.80%Max. 60 Months Explore
Bank Of IndiaMCLR + 0.85% i.e. 9.35%Max. 60 Months Explore
United Bank Of IndiaMCLR + 1.40% i.e. 10.20% to MCLR + 1.90% i.e. 10.70%Max. 60 Months Explore

Two Wheeler Loan

Two wheeler Loan in India Starting at 9.95% as on 20 Jun 2021, is called the vehicle of a common man. Now-a-days owning a two wheeler has become very easy with the help of Two-Wheeler Loan which makes it possible to purchase a two-wheeler of your own choice and pay back the loan in easy monthly instalments and reduces your burden of a one-time payment.

A Home loan in India is offered by several banks at a lower interest rate starting at 9.95% as on 20 Jun 2021. These loans allow you to repay them in maximum of 5 Years. Banks offer the best Home loan schemes and you can repay the loan through easy EMIs.

Two Wheeler Loan has made your ride easier. Now you can minimize your dependency on public transport. Banks offer the best Two Wheeler loan schemes and you can repay the loan through ECS, Standing Instructions or post-dated cheques with easy EMIs.

How to Choose Right Lender for Two-Wheeler Loan?

There are many lenders available in the market which offer two-wheeler loan. It is suggested that before applying for a two-wheeler loan, you should do the homework of research of right lender properly. With the help of points mentioned below, you can choose right lender for two-wheeler loan:

  1. Compare Interest Rate offered for Two-Wheeler Loan. You can take help of lender's website or loan aggregators. Further, the interest rate differs based upon your income, market variations and the price of two-wheeler
  2. Enquire other kinds of Fees & Charges such as processing fee, insurance charges, etc. involved in Two-Wheeler Loan
  3. Check whether you can get required loan amount from the lender. This can be checked through loan eligibility calculator
  4. Ask Turnaround Time. This will tell you how quickly can you get the loan
  5. What is the Loan Repayment Tenure provided by the Lender?
  6. Whether there are any charges/ penalty, if you make Pre-payment of your Two-Wheeler Loan
  7. How is the Customer Service provided by the lender?
  8. Read all the terms and conditions mentioned in the loan agreement very carefully. This is very important step and in case of any dispute, this document is referred to to resolve the dispute