One of the new-generation private financial institutions in India, IndusInd Bank was established in the year 1994. Established with a capital of Rs.1 billion, IndusInd bank now boasts of over 745 branches in 392 location across the country. IndusInd bank offers a wide array of services including loans, accounts and deposits for a diverse range of customers including corporates, NRIs, Government and individuals.
IndusInd Bank bike loan is offered under the portfolio of loans for vehicles and MSME financial services. A customer can purchase machinery and plant required for business and also a vehicle for commercial usage including a two-wheeler.
Features and Benefits of IndusInd Bank Two Wheeler Loan:
IndusInd Two-wheeler loan come with the following benefits that makes it one of the best loan products in the market.
With IndusInd two-wheeler loan, the customer can purchase motorcycles of any brand and make.
IndusInd ensures hassle-free documentation and easy loan processing when it comes to two-wheeler loans.
Customers can be guaranteed of complete transparency and no hidden costs.
Fast track loan processing is also available for the benefit of customers.
Borrowers can choose a suitable repayment option with tenures spread from 12 to 60 months and tailor made repayment schemes for customers.
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Eligibility and Documentation for IndusInd Bank Bike Loan
IndusInd bank two-wheeler loans are offered to customers over 18 years of age. This loan is offered to individuals, businesses and MSME’s.
The documentation required will vary depending on the nature of employment and source of income of the applicant. Have required like ID proof, address proof and proof of income ready to speed-up the two-wheeler loan application process.
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I took my two wheeler loan from Indusind bank because the dealer where i got the bike, they have a tied with this bank. Purchased the loan amount of Rs. 50000 and the provided interest rate is 12%. I have been paying the EMI amount of Rs. 2770 for the tenure period of 23 months. They have provided me the loan immediately.
I have never contacted the customer service for two wheeler loan taken from INDUSIND bank. When i buy a bike, they have offered a two loan provider from that I had chosen this bank because its a good brand. I bought the bike worth of Rs. 63,000 in that I had pay the down payment of Rs. 5,000 and the balance amount has converted into EMI. On one year before I had closed the loan.
Rate of interest is very high in INDUSIND bank when I taken the two wheeler loan. I have paid the down payment of Rs. 32,000 and the remaining amount has been converted into EMI. Suzuki showroom people had a tie up with this bank that is the reason I opted the loan from them. I have selected the tenure period of 23 months in that I have already 9 months.
I have chosen two wheeler loan from Indusind bank and the loan process was quite easy. In the showroom, my friend is working and he suggested me about the two wheeler loan with this bank and the documentation was minimal. I have no idea about the interest rates and they have approved on immediately. I made the down payment of Rs. 20,000.
I have taken vehicle loan in 2013, and i yet to collect ownership transfer letter from the bank, when i call to the customer care of loan dept, they don't even bother to respond and at times the number is switched off too, so i am tired of calling them. I am expecting a call back from customer care asap.
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Baddam sujatha
, hyderabad
Reviewed on Nov 29, 2019
I had a availability with Indusind bank in the particular showroom where I bought my bike. They had provided loan amount of Rs. 45,000 and I have paid the down payment of Rs. 15000. I have selected the loan duration of 2 years in that I'm yet to pay for 5 months. I pay the EMI amount of Rs. 2500.
In the Yamaha Showroom only, Indusind bank executive was available to process my Two wheeler loan. They have sanctioned the loan in 30 days and it was delayed. Since its a new model bike i have done the pre-order even though the loan got not approved. I personally went to the showroom and forced the sales executive after that i got approved in 2 days. For the Emergency purpose, if i am unable to pay the loan, they were keep on calling to the customer and the way of communication is not good. They charged me late fee as well. Their staffs should be professional when dealing the customer.
I have chosen a two wheeler loan from INDUSIND bank because my showroom was tied up with this bank. They provided a interest rate of 6.5%. I have paid the down payment of Rs. 15,000 and I am paying the EMI amount of Rs. 2500. I have chosen the tenure period of 29 months. They have sanctioned the loan immediately.
I have taken two wheeler loan with INDUSIND bank on one year before which was applied directly to them. The loan amount is 35 thousands tenure period of 18 months. Rate of interest was okay and there is no processing fee. EMI payment I need to pay 3,563 rupees. The bike model which I bought HONDA activa. I use to get remainder messages from their end.
The customer service of INDUSIND is no proper response whenever try to contact them. I had taken a two wheeler loan on one year before. Through showroom I got an offer for this loan for the amount of 62K for the tenure period of 3 years. The rate of interest was 14% high for this loan. There is an option for a pre closure. The bike model is HONDA DIO.
My two wheeler loan was taken from Indusind bank. Since the service is good, i have chosen them. I have paid the down payment of Rs. 26000 and i have paid the monthly EMI of Rs. 2900. I got the loan amount of Rs. 40000. I had chosen the tenure period of 24 months. They have sanctioned the loan on the spot itself.
I had taken two wheeler loan with INDUSIND BANK LTD on 3 years before which was processed through a showroom. The amount given for 40 thousands for the tenure period of 2 years. Within one day they have sanctioned a loan. I bought a bike for Fashion Pro. I am yet to receive NOC letter.
I had taken two wheeler loan with INDUSIND BANK LTD on 2 years before which was processed through a showroom. The amount given for 50 thousands for the tenure period of 2 years. Within one day they have sanctioned a loan. I bought a bike for ZERO Glamour.
I took my two wheeler loan from Indusind bank. Every month 7th date, they will deduct the money but this time, even though i kept the balance on my account they have not taken. After that 11th, they came to place and asking me the late fee charges along with the loan amount. Due to this, i have pre-closed the loan and surrender the vehicle.
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AZHAKASAN
, tiruchirapalli
Reviewed on Oct 13, 2019
They have provided me a interest rate of 24%. My Honda activa bike was purchased in the showroom where they have referred me about the indusind bank loan. I paid the down payment of Rs. 35000 and the loan amount was Rs. 50000 for the tenure period of 24 months. Documentation process was average.
I don't like this Indusind credit card, the response is not upto the mark I couldn't reach them for any queries. I am using this credit card more than 2 years so far I didn't get any benefits from their end interms of limit or offers, they focus on the beneficial part.
Bought my two wheeler loan from Indusind bank. 1 year ago, i got this loan. Total bike amount is Rs. 1.80 lakhs and i have made a down payment of Rs. 80000 balance amount converted into EMI. I paid the EMI amount of Rs. 10500 for the tenure period of 11 months. Within a week, they have sanctioned the loan. I was asking about the repayment schedule but they haven't responded well.
I am working in Honda Showroom so have chosen Indusind Bank Ltd because of lesser down payment and the interest rate. I have purchased Honda Activa and made a payment of 10,000rupees. There is no processing fee because am a honda dealer. They should improve the service.
I had a credit score problem in that time no one were ready to give the loan hence Indusind bank provided me a two wheeler loan to me. I have taken the loan amount of Rs.48000 for the activa bike. Before 3 years i bought the loan. I paid the dues on time. I have made a down payment of Rs. 15000
Before 1.5 year I took two wheeler loan from Indusind, the loan experience was hassle free. I took the loan and I paid all the emi so soon it got completed. They sanctioned 50% of loan remaining amount I paid as a down payment, the interest rate is nominal with them.
Two Wheeler Loan
