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The HDFC bank provides a great platform for commuters to buy their own choice of vehicle with flexible two-wheeler loans at an interest rate starting from 9.15% onwards. HDFC Bank has invested heavily in technology and online platforms to provide the customers with quick online application procedures for availing the two-wheeler loans along with all the other banking facilities.
| HDFC Two Wheeler Loan Interest Rates 2019 | |
| Superbike Two Wheeler Loan | 9.15% – 16.00% |
| Two Wheeler Loan | 11.00% – 28.39% |
Note: The mentioned interest rates, fees, and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges.
Step 1: Visit Paisabazaar.com at this link https://www.paisabazaar.com/two-wheeler-loan/apply-online/ and select the employment type: Salaried or Self-employed.
Step 2: Provide your monthly income and current residence pin code.
Step 3: Select the manufacturer and model of the desired two-wheeler.
Step 4: Fill in the desired loan amount.
Step 5: Select the desired bank.
Step 6: Type in the registered mobile number with the bank and click on ‘Continue’.
Step 7: Submit the OTP delivered to your registered mobile.
Step 8: From the marketplace, check and compare from the banks and click on APPLY NOW.
Step 9: Code will be generated, take the generated code along with the KYC documents to the nearest outlet for verification.
Step 10: Once documents get verified, ride back on your new two-wheeler.
The HDFC bank has made an extensive online web and application platform to provide quick and convenient online financial assistance including loan processing and payments etc. Some of the salient benefits and procedures of online application are.
Mode of Application: Applicants need to create an individual online account through the online web portal of the HDFC bank or the mobile application of the HDFC bank.
Quick and Easy: Applicant can get quick loans by the input of all the correct details along with the submission of all the required soft copies for documentation and verification.
Convenient Payment Options: Applicant can easily pay the EMI’s through the online account at any time from anyplace thus saving a lot of effort and time using the majority of different available payment modes.
Better Accessibility: The status of the loan application along with all the payment-related information can be availed online from the place itself after online documentation and authentication.
Transparency and Clarity: The processing details of the loan along with the payment status and the EMI status can be checked anytime within seconds.
The HDFC bank has upheld a fixed set of eligibility criteria:
The HDFC bank provides all the customers and applicants with various online and offline modes for application of the two-wheeler loans along with the processing time and complete payment status and updates.
The HDFC bank makes it compulsory to submit all the required documentation either through offline or the online medium. Nowadays it is mandatory for the applicant to submit all the necessary documents in the online form through scanned soft copies.
The HDFC bank has the provision of three well-known techniques for you to check your loan application online.
However, if you are existing HDFC bank customer then you are eligible for pre-approved two-wheeler loan from the bank. You may need to check the eligibility by contacting the bank’s representative at the respective store or dealership.