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IndusInd Bank Two Wheeler Loan

IndusInd Bank offers bike loans at interest rates ranging up to 20% p.a. with a flexible repayment tenure of up to 3 years. The two-wheeler loans offered by the bank comes with various benefits and features.

IndusInd Bank Two-Wheeler Loan Interest Rate

Interest Rate Up to 20% p.a.
Maximum Loan Amount Contact the bank
Minimum Loan Amount Rs.15,000 onwards
Income
  • Salaried Employees: Rs.10,000 per month
  • Self-Employed Individuals: Contact the bank
Repayment Tenure Up to 36 months
Processing Fee At the discretion of the bank
Pre-closure Charges At the discretion of the bank

How to Apply for an IndusInd Bank Two-Wheeler Loan?

The process to apply for an IndusInd Bank two-wheeler loan is mentioned below:

  • Visit IndusInd Bank official website.
  • Click on ‘Apply Now’.
  • Enter your name, mobile number, alternate number, email address, and pin code.
  • Click on ‘Generate OTP’.
  • Enter the OTP.
  • Click on ‘Submit’.
  • An IndusInd Bank executive will call you to process the request.

IndusInd Bank Two-Wheeler Loan Eligibility

Salaried Employees

  • Individuals between the ages of 21 years and 60 years can avail the loan.
  • You must have a stable current employment.
  • Your minimum salary must be at least Rs.10,000 per month.

Self-Employed Individuals

  • Individuals between the ages of 21 years and 65 years can avail the loan.
  • You must have business experience of at least 3 years.
  • The Income Tax Returns (ITR) for the last 2 years must be provided.

Documents Required

The list of documents that must be submitted are mentioned below:

Salaried Employees

  • Application form
  • Passport-size photographs
  • Proof of identity
  • Proof of address
  • Income proof such as Income Tax Returns (ITR), Form 16, or last three months' salary slips.
  • Bank statement

Self-Employed Individuals

  • Application form
  • Passport-size photographs
  • Proof of identity
  • Proof of address
  • Bank statement
  • ITR
  • Repayment track
  • Owned residence proof

IndusInd Bank Two-Wheeler Loan EMI Calculator

You can use the two-wheeler loan EMI calculator offered by IndusInd Bank or BankBazaar to check the monthly payments. Once details such as the loan amount, tenure, and rate of interest are entered, click on ‘Calculate Now’ to get the results. Apart from the monthly payments, the principal amount, interest that is paid, and the total amount will be displayed. The calculator is easy to use and saves time when compared to manual calculations.

Features and Benefits

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

  • The bank offers bike loans at attractive interest rates.
  • Wide network coverage.
  • Repayment tenure of up to 36 months.
  • Easy documentation.
  • Fast loan processing.
  • Avail loan from Rs.15,000 onwards.

FAQ's

  1. Does IndusInd Bank offer refinanced two-wheeler loans?

    Yes, IndusInd Bank offers refinanced two-wheeler loans.

  2. Will there be any stamping charges levied?

    Yes, IndusInd Bank levies stamping charges.

  3. I wish to purchase a high-end bike. What will be the repayment tenure offered by the bank?
  4. The maximum repayment tenure offered by the bank is 5 years.

  5. Can I avail the two-wheeler loan EMI calculator facility on the bank’s official website?
  6. Yes, you can avail the two-wheeler loan EMI calculator facility on the bank’s official website.

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