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  • Tatacapital Two Wheeler Loan

    Tata Capital Two Wheeler Loan
     4.0 / 5.0   by 28 users
    Used this product? Write a review >>

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Overview:

    In the year 2007, Tata Capital Limited, a subsidiary of the renowned Tata Sons Limited, was established. The main aim of this venture was to provide customers with the best financial solutions possible, one that would live up to the name of Tata Sons Limited. The company functions across numerous areas of business specifically the Consumer Loans, Wealth Management, Commercial Finance, Infrastructure Finance etc. Tata Capital Financial Services Limited has grown to over hundred branches currently, and shows no signs of slowing down.

    Tata Capital Financial Services Limited began with the idea of meeting all the financial needs of customers. The various services include all kinds of insurance, mutual fund, leasing solutions, credit cards, securities as well as loans for various purposes including for two wheelers.

    Perfect Personal Loan Deals for you

    Eligibility Criteria and Documentation:

    For Standard Bikes:

    • You must be at least 21 Years to apply for a two wheeler loan. You cannot be over 65 years at loan maturity.
    • The minimum amount that you can borrow from TATA Capital for a standard bike is Rs.10,000 and the maximum is Rs.1,50,000.
    • The minimum tenor period is 12 months and the maximum is 60 months.
    • You should be living at the same residence for over a year to show Residential Stability.
    • You should be working at the same organization for over a year to show Employment Stability.
    • It is not necessary that you have an income.
    • Up to 95% Loan To Value (LTV)
    • Also Read: Two Wheeler Insurance.

      Documents Required

      Salaried

      Self Employed

      Address Proof

      Driver's License/ Utility Bill/ Bank statement/ Passport/ Voter's ID/ Aadhar card

      Driver's License/ Utility Bill/ Bank statement/ Passport/ Voter's ID/ Aadhar card

      ID Proof

      Driver's License/ Bank statement/ Passport/ Voter's ID/ Aadhar card and recent passport size photos

      Driver's License/ Bank statement/ Passport/ Voter's ID/ Aadhar card and recent passport size photos

      Income Proof if required

      Form 16/ Last 3 month's salary slips/ Salary Certificate/ Last 3 month's bank statement reflecting salary credits

      Latest Income Tax Return (ITR)

      Bank Statement

      Last 3 month's statement is mandatory

      Last 3 month's statement is mandatory

      Residence Ownership Proof

      Not mandatory

      Not mandatory

    For High-end Bikes:

    • You must be at least 21 Years to apply for a two wheeler loan. You cannot be over 65 years at loan maturity.
    • The minimum amount that you can borrow from TATA Capital for a high-end bike is Rs.10,00,000 and the maximum is Rs.40,00,000.
    • The minimum tenor period is 12 months and the maximum is 36 months.
    • The residence that the applicant is staying at must be self-owned or owned by his/her parents.
    • Applicant must be working in the same place for at least two years.
    • If you are Salaried individual, you must be earning at least Rs.15,00,000 to apply for this loan. If you are Self Employed, the business income should be at least Rs.5,00,000.
    • Up to 65% Loan To Value (LTV)
    • Documents Required

      ID Proof

      Driver's License/ Bank statement/ Passport/ Voter's ID/ Aadhar card and recent passport size photos

      Address Proof

      Utility Bill/ Voter's ID/ Driver's License/ Passport

      Income Proof if required

      Last 3 month's bank statement reflecting salary credits/ Form 16/ Last 3 month's salary slips/ 3 year's ITR

      Bank Statement

      Last 6 month's statement is mandatory

      Residence Ownership Proof

      The residence that the applicant is staying at must be self-owned or owned by his/her parents or spouse.

    Tata Capital Bike Loan Features & Benefits:

    • Simple, hassle-free Documentation
    • Spot approvals so there is no waiting and wondering
    • Swift processing and minimal paperwork
    • You can get a tenor up to 5 years
    • You can get up to 95% funding of the on-road price
    • Special Reduce rates

    FAQs:

    1. I am already a customer of TATA Capital, can I apply for another loan?
    2. Yes you can apply for another loan.

    3. Can I prepay my loan?
    4. Yes, you can prepay your loan after 6 months.

    5. Once I have submitted my documents and finished the application, how long does it take for me to get the loan?
    6. It will only take two days to get a two wheeler loan in general.

    7. Who can be a co-applicant for my two wheeler loan?
    8. Either a blood relative who stays at the same residence as you or your spouse can be a co-applicant.

    9. Is it possible for me to change the loan amount or tenure once the loan amount has been disbursed?
    10. No. It's not possible to change the loan amount or tenure once the loan amount has been disbursed.

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    Tatacapital Two Wheeler Loan Reviews

  • Page 1 of 2 1 2
    • Tata capital Two Wheeler Loan
      "Excellent"
      TATA CAPITAL LIMITED
      0.5 5.0/5 "Blown Away!"
      My bike loan was from TATA CAPITAL. This process was also smooth and it was completed as per my requirement. The rate of interest 12% and charges was nominal and I have done the down payment of 72k My loan amount was 1.50laks,My loan amount got disbursed in 3 to 4 days and I did not face any hassles and it was a good overall.
      Was this review helpful? 6
      , mumbai
      Reviewed on Mar 27, 2017
    • Tata capital Two Wheeler Loan
      "Good for Financial Service"
      TATA CAPITAL LIMITED
      0.5 4.0/5 "Great!"
      According to my experience, Tata Capital is the best one for two wheeler loan. Because I got the loan with the least interest rate. Even the procedures followed by them was very simple. I had not submitted too much of documents, with the limited documents, they were able to provide the loan.
      Was this review helpful? 2
      , mumbai
      Reviewed on Mar 18, 2017
    • Tata capital Two Wheeler Loan
      "Dissatisfied Service"
      TATA CAPITAL LIMITED
      0.5 1.0/5 "Really Bad"
      I am unhappy with TATA Capital bike loan service, My EMI date got changed to Jan 15 after that every month my EMI falls on 15th. During the month of march my ECS amount was not cleared from my account because it was on Sunday. But TATA Capital charged some late fee on my bill, without informing they charged around Rs. 1200. I had raised the complaint because it was not my mistake, but till now I didn't receive any response its almost three months now and this in turn is affecting my credit score.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Mar 08, 2017
    • Tata capital Two Wheeler Loan
      "Little difficult"
      TATA CAPITAL LIMITED
      0.5 2.0/5 "Expected more"
      Little difficult to take the two wheeler loan from TATA CAPITAL. I will not recommend this to others. They had completed the process for me. In terms of documents they were asking different set of documents time and again which I find it really difficult to submit though the person was in touch with me.
      Was this review helpful? 5
      , mumbai
      Reviewed on Nov 02, 2016
    • Tata capital Two Wheeler Loan
      "Good one "
      TATA CAPITAL LIMITED
      0.5 3.0/5 "Satisfactory"
      In the recent past, I had taken a two wheeler loan from TATA Capital. My feedback would be they are dead slow in processing the request. They took nearly 2weeks of time to process the loan. They had simply asked for Aadhar card, gas bill as the address proof it was so simple.
      Was this review helpful? 11
      , hyderabad
      Reviewed on Oct 14, 2016
    • Tata capital Two Wheeler Loan
      "Good"
      TATA CAPITAL LIMITED
      0.5 4.0/5 "Great!"
      Tata capital Limited, provides very good customer service as they called immediately and finished the job with hours of time. The overall experience was very good. The best part was they gave the delivery on the same day and the interest rate offered is very less.
      Was this review helpful? 15
      , jaipur
      Reviewed on Jul 19, 2016
    • Tata capital Two Wheeler Loan
      "Satisfactory"
      TATA CAPITAL LIMITED
      0.5 3.0/5 "Satisfactory"
      I took the two wheeler loan with Tata capital limited and I would like to say that their services are better. Interest rate with the Tata capital limit limited was around 12%, which I guess. The loan amount got disbursed to my account within ten days of time.
      Was this review helpful? 5
      , bangalore
      Reviewed on Jun 29, 2016
    • Tata capital Two Wheeler Loan
      "Very good experience"
      TATA CAPITAL LIMITED
      0.5 4.0/5 "Great!"
      I had taken a two wheeler loan from Tata Capital few years back. It was a good and comfortable experience. They offered me an interest rate of 11.85% and the processing fee was waived off which was very nice. The processing and documentation was pretty easy and smooth and the loan got approved and disbursed in a day.
      Was this review helpful? 1
      , chennai
      Reviewed on Apr 05, 2016
    • Tata capital Two Wheeler Loan
      "high rate of interest and charges"
      TATA CAPITAL LIMITED
      0.5 4.0/5 "Great!"
      Tata capital was good in their services. I have taken my two wheeler loan from them. The process was very good. It was completed within an hour. The rate of interest was very high. The processing charges was high too. Overall it was good.
      Was this review helpful? 6
      , chennai
      Reviewed on Mar 11, 2016
    • Tata capital Two Wheeler Loan
      "It is good...."
      TATA CAPITAL LIMITED
      0.5 3.5/5 "Pretty good"
      Tata Capital has processed the two wheeler loan on basis my credit history and that was a nice experience. Two wheeler loan interest is affordable and less. EMI date is very comfortable to make payments as that is actually 5th of every month. As they are giving reminders before the payment date. I aware Tata Capital when I was taking the two wheeler loan.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Feb 17, 2016
    • Tata capital Two Wheeler Loan
      "Huge charges!"
      TATA CAPITAL LIMITED
      0.5 5.0/5 "Blown Away!"
      I visited the showroom and applied for the two wheeler loan with the help of the executive in the showroom. I felt that the interest rate was pretty high with Tata Capital. Loan was processed within 3 days and I paid a huge amount as down payment.
      Was this review helpful? 3
      , hyderabad
      Reviewed on Feb 17, 2016
    • Tata capital Two Wheeler Loan
      "Excellent !!!!!"
      TATA CAPITAL LIMITED
      0.5 5.0/5 "Blown Away!"
      Tata Capital provided the two wheeler loan with 1% interest rate which was very amazing . They took only maximum four days to disburse the amount. The down payment paid was 50% on the product and there was no any processing fee and other charges.
      Was this review helpful? 5
      , pune
      Reviewed on Feb 09, 2016
    • Tata capital Two Wheeler Loan
      "Little trichy on charge.."
      TATA CAPITAL LIMITED
      0.5 3.0/5 "Satisfactory"
      I got good interest rate with Tata capital as 11.5% for the two wheeler loan. They are completely different and it was not that great and not so bad as they are fine. I had to move here and there for few documents. At that point of time the rate was less and the charge was very high. Charge was little tricky.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Nov 23, 2015
    • Tata capital Two Wheeler Loan
      "Responsive..."
      TATA CAPITAL LIMITED
      0.5 4.0/5 "Great!"
      I have taken Two wheeler loan form Tata capital. I had a very good experience with them. It will close in the month of jun. Their service was really good. On 2nd month I had ecs issue with them but finally they resolved it. I will recommend to others also.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 30, 2015
    • Tata capital Two Wheeler Loan
      "Not recommended "
      TATA CAPITAL LIMITED
      0.5 2.5/5 "Just OK"
      It was a long process to get a Two Wheeler loan with Tata Capital.The interest rate applied for the loan was quite nominal and the interest rate is quite high.I donâ??t have any issue with the service provided by them.I will not recommend about Tata Capital for a Two Wheeler loan.
      Was this review helpful? 0
      , mumbai
      Reviewed on Oct 29, 2015
    • Tata capital Two Wheeler Loan
      "Good"
      TATA CAPITAL LIMITED
      0.5 4.0/5 "Great!"
      TATA capital is offering 12% interest rate for two wheeler loan and there was 0% processing fee. They took one week for the loan to get disbursed. I am very comfortable with the document collection process.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 14, 2015
    • Tata capital Two Wheeler Loan
      "Very good.."
      TATA CAPITAL LIMITED
      0.5 4.0/5 "Great!"
      I did not apply directly with Tata Capital Limited as gone through the dealer. Two wheeler loan process was fast in Tata and they are too good in rate of interest. Due to best rate of interest I have accepted to avail a loan. Also charges are nominal.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 28, 2015
    • Tata capital Two Wheeler Loan
      "Good one"
      TATA CAPITAL LIMITED
      0.5 4.0/5 "Great!"
      My feedback for TATA Capital two wheeler loan is good. The most interesting part is the service. Processing was very fast and they managed to offer the loan with in 7 days of time. Interest rate and processing fee charged by them is on the higher side.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 20, 2015
    • Tata capital Two Wheeler Loan
      "Average service"
      TATA CAPITAL LIMITED
      0.5 3.0/5 "Satisfactory"
      TATA Capital Two wheeler loan is neither good nor bad. Customer service offered by them was okay. The best part was loan was disbursed immediately within 3 days of time. They have provided the cheque to my dealer directly. They have kept their commitment level and this loan was closed.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 03, 2015
    • Tata capital Two Wheeler Loan
      "Very good"
      TATA CAPITAL LIMITED
      0.5 5.0/5 "Blown Away!"
      TATA Capital two wheeler loan is fine. Within 48 hours of time the loan was approved. The funds were disbursed on the time. I have got all the papers works and its a brand new one. This loan was approved by June last week. I pay by ECS and I am very much comfortable with the ECS date and there is no issue or hassle with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jul 24, 2015
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