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IDBI Bank Two-Wheeler Loan

IDBI Bank offers the two-wheeler loan facility at attractive interest rates and flexible repayment tenure. The process to apply for a loan is simple and can be completed online.

IDBI Bank Two-Wheeler Loan Interest Rate

IDBI Bank Two-Wheeler Loan Details
Rate of Interest
  • Existing Customers (minimum relationship of 3 months): 9.80%
  • New Customers: 9.90%
Minimum Loan Amount Rs.1.20 lakh
Maximum Loan Amount Maximum funding
Minimum Income Requirement Rs.2.40 lakh

Features and Benefits

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

  • Loans are provided for high-end bikes.
  • Loans are provided at attractive interest rates.
  • Maximum funding is provided.
  • The cost of the bike must be at least Rs.1.20 lakh.
  • Flexible repayment tenure.
  • The bank has tied up with several manufacturers and dealers to provide loans.

Process to Apply for a Two-Wheeler Loan

The procedure to apply for a bike loan from IDBI Bank is mentioned below:

  • Visit https://www.idbibank.in/auto-loan.aspx#homeOverview.
  • Click on ‘Apply Now’.
  • Click on ‘Apply Online’.
  • Next, select ‘Auto Loan’.
  • Next, select whether you have an account with IDBI Bank.
  • Entered the required details on the next page.
  • Click on ‘Submit’.
  • An IDBI Bank executive will contact you to process the request.

Eligibility Criteria

The eligibility criteria that must be met by self-employed individuals and salaried employees are mentioned below:

Self-Employed Individuals

  • You must be at least 18 years of age.
  • You cannot be more than 70 years old when the loan matures.
  • You must be in your profession for at least 2 years.
  • Your minimum annual income must be at least Rs.2.40 lakh.

FAQs

  1. What is the minimum loan amount that can be availed from IDBI Bank?
  2. In case you wish to purchase a two-wheeler, the minimum loan amount that can be availed is Rs.1.20 lakh.

  3. Is it mandatory to provide proof of income to avail a two-wheeler loan from IDBI Bank?
  4. Yes, it is mandatory to provide proof of income to avail a two-wheeler loan from IDBI Bank.

  5. Is it possible to apply for a two-wheeler loan offered by IDBI Bank online?
  6. Yes, you can avail a two-wheeler loan offered by IDBI Bank online.

  7. What should my annual income be to avail a two-wheeler loan from IDBI Bank?
  8. Your annual income must be at least Rs.2.40 lakh to avail a two-wheeler loan from IDBI Bank.

  9. Who can avail a two-wheeler loan from IDBI Bank?
  10. Salaried employees and self-employed individuals can avail a bike loan from IDBI Bank.

Two Wheeler Loan Pages
Two Wheeler Loan by Bank
Two Wheeler Loan by Institutions
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