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Bandhan Bank Two Wheeler Loan

Bandhan Bank offers two-wheeler loans with interest rates ranging between 15.50% and 19.07% and a repayment tenure of up to 3 years. You can apply for the bike loan online and the processing time is fast.

Bandhan Bank Two-Wheeler Loan Interest Rate

Interest Rate 15.50% - 19.07%
Maximum Loan Amount Rs.1,50,000
Minimum Loan Amount Rs.10,000
Income Contact the bank
Repayment Period 12 months – 36 months
Processing Fee 2% of loan the amount plus GST
Prepayment Charges Contact the bank

Browse two-wheeler loan interest rate here.

How to Apply for a Bandhan Bank Two-Wheeler Loan

The step-by-step procedure to apply for a bike loan from Bandhan Bank is mentioned below:

  • Visit Bandhan Bank .
  • Click on ‘Products’.
  • On the next page, click on ‘Explore’. The option can be found under the ‘Loans’ section.
  • Next, click on ‘Explore’. The option can be found under the ‘Two-Wheeler Loan’ section.
  • Click on ‘Apply Now’.
  • Enter details such as your name, mobile number, email ID, city, and pin code.
  • Click on ‘Submit’.
  • A Bandhan Bank executive will contact you to process the request.

Bandhan Bank Two-Wheeler Loan Calculator

In case you are availing a loan to purchase a bike, you can use BankBazaar’s two-wheeler loan EMI calculator to calculate the monthly payments. Apart from being easy to use, the calculator helps in saving time as the results are displayed immediately. Accurate results are provided for the details that are given. You will need to enter basic details such as the processing fee, loan amount, rate of interest, and tenure.

Bandhan Bank Two-Wheeler Loan Eligibility

  • You must be at least 21 years to avail the loan.
  • You must not be more than the retirement age or 57 years, whichever is lesser, when the loan matures.

Documents Required

For Self-Employed Individuals:

  • Application form
  • Proof of residence (owned)
  • Repayment track record
  • Bank statement
  • Income Tax Returns (ITR)
  • Proof of identity
  • Proof of address
  • Passport-size photographs
  • Quotation provided by a recognised dealer

For Salaried Employees

  • Application form
  • Bank statement
  • Proof of income such as salary slips (three months), Form 16, or ITR
  • Proof of address
  • Proof of identity
  • Passport-size photographs

Features and Benefits

The main benefits and features of the two-wheeler loan offered by Bandhan Bank are mentioned below:

  • The interest rates range between 15.50% and 19.07%.
  • Documentation charges are at actual.
  • Minimal documentation.
  • The disbursement time is fast.
  • Repayment tenure of up to 3 years.
  • Life and non-life insurance options can be availed.
  • Doorstep assistance is provided.
  • Up to 85% of the on-road price of the bike may be provided as a loan.

FAQ's

  1. How much loan can I avail from Bandhan Bank?

    85% of the on-road price of the bike may be provided as a loan.

  2. What are the different repayment tenures that are available?

    The different repayment tenures that are available are 12 months, 18 months, 24 months, and 36 months.

  3. Do I need to have a savings account with Bandhan Bank to avail a loan?

    Yes, you will need to have a current/savings account will Bandhan Bank to avail the loan.

  4. What is the maximum amount of loan that I can avail?

    The maximum amount of loan that can be availed is Rs.1,50,000.

  5. What is the minimum amount of loan that I can avail?

    The minimum amount of loan that can be availed is Rs.10,000.

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