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  • TVS Credit Two Wheeler Loan

     4.5 / 5.0   by 1509 users
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    Overview:

    TVS group is one of the country’s largest industrial entities with more than thirty companies and over 40,000 employers all around the world. TVS is a major player in the manufacture of two wheelers, computer peripherals and vehicle parts. TVSCS (TVS Credit Services Limited) is a company promoted by the TVS Group and is spread across 16 states in the country, serving over a million customers.

    By opting for a two wheeler loan from TVS Credit, you can choose the two wheeler of your choice at flexible terms and attractive rates. TVS credit offers loans for TVS vehicles at best market rates available.

    Also Read: Two Wheeler Insurance.

    TVS Credit Two Wheeler Loan Eligibility:

    The following eligibility criteria must be fulfilled in order to apply for a two wheeler loan from TVS Credit Services:

    • Applicant or borrower should be salaried or self-employed.
    • Borrower should belong to a partnership or proprietorship firm.
    • Public or private limited companies can also apply.

    Perfect Personal Loan Deals for you

    TVS Credit Two Wheeler Loan Features:

    • Loan Amount: TVS Credit Services provides a loan amount of up to 90% of the on-road value of the two wheeler. Hence, the total loan amount will vary according to the choice of the vehicle you are planning to purchase.
    • Rate of Interest: The current rate of interest being offered on the two wheeler loans is in the range of 15% per annum to 29% per annum. Borrowers taking a loan for the purchase of any vehicle in the TVS Scooty range can avail lower and more attractive interest rates with special discounts and deals.
    • Loan Repayment: TVS Credit gives borrowers loan repayment tenure options from 12 to 48 months.
    • Apart from attractive interest rates, the company has a hassle-free documentation process.
    • Fast Track Loan Disbursal: The most difficult step in taking a loan is the approval process which takes a long time as the bank or lender checks the eligibility of the borrower first. The bank calculates the repayment capacity of the applicant by analysing income, expenditure and credit record from his or her bank statements. One of the key features of a TVS Credit two wheeler loan is that it can be approved within 24 hours, owing to its easy processing and quick approval process.
    • Cash King: TVS Credit allows its borrowers an easier option to make monthly repayments towards the loan, in cash. You do not even have to go to the trouble of opting for a post-dated cheques system, all you have to do is visit a TVS dealership and choose the Cash-king option.
    • Business Booster: TVS Credit Services offers special discounted rates on two wheeler loans for small entrepreneurs and agriculturists for the purchase of utility two-wheelers such as Max 4R or a moped.
    • Women on Wheels: Women borrowers planning to take a two wheeler loan for the purchase of any of the TVS Scooty models can avail loans at special offers with highly competitive rate of interests.
    Apply for Personal Loan

    TVS Credit Two Wheeler Loan Documents Required:

    The following documents need to be submitted along with the duly filled application form for a two wheeler loan from TVS Credit Services:

    • Identity proof such as Passport, Driving License or any government issued IDs.
    • Address proof such as electricity bill, telephone bill, etc.
    • Signature proof.
    • Latest bank statement of borrower. This indicates the spending pattern of the applicant, allowing TVSCS to determine the repayment capacity.
    • Income proof such as salary slip of applicant, Latest ITR (Income Tax Returns) filed or Form -16.
    • If private or public limited company, MOA or AOA with resolution from the board.
    • If a partnership firm, a declaration with partnership deed.
    • All documents should be valid and genuine and supported by adequate proof.

    FAQs:

    1. I am an agriculturist looking to take a two wheeler loan from TVS Credit for purchasing a Max 4R, am I eligible to apply?

      Yes, TVS Credit Services provides two wheeler loans to agriculturists for purchase of any kind of utility two-wheeler.

    2. What is the best loan repayment option offered by TVSCS for a two wheeler loan?

      TVSCS allows you to opt for the Cash-King option where you can directly go to the TVS dealer and make your loan repayment in cash.

    3. What is the maximum loan tenure that I can avail on a two wheeler loan from TVS Credit Services?

      TVSCS provides a maximum loan tenure of up to 48 months for a two wheeler loan.

    4. What is the maximum percentage of financing I can get from TVSCS for buying a two wheeler for personal use?

      The maximum loan amount that you can avail is 90% of the vehicle’s on-road price.

    5. How much time does it take to get a two wheeler loan approved at TVSCS?

      A two wheeler loan at TVSCS can be approved within 24 hours of applying owing to its easy documentation and quick approval process.

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    Two Wheeler Loan by Other Banks
    Two Wheeler Loan

    TVS Credit Two Wheeler Loan Reviews

  • Page 1 of 50 1 2 3 4 5
    • review Two Wheeler Loan
      "Not a good experience"
      INDUSIND BANK LTD
      0.5 3.0/5 "Satisfactory"
      This is one of the worst Bank to get a loan from, they have a huge interest rate of about 2% per month. Also the policies are too much against Pre closure and fore closure. Last month I closed off the whole loan, I believe it was something which could have affected me very badly.
      Was this review helpful? 0
      , faridabad
      Reviewed on Oct 17, 2017
    • review Two Wheeler Loan
      "Need proper response"
      TVS FINANCE
      0.5 1.0/5 "Really Bad"
      Customer service was not satisfactory from the TVS finance for the 2 wheeler loan i took from them .They don't have ECS option for the EMI payment. The rate of interest was average which i got from the TVS side . There were no proper statement on the loan.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 17, 2017
    • review Two Wheeler Loan
      "Good Service"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      Couple of months back only i took a 2 wheeler loan from Bajaj Finserv and its a good customer service they providing . The rate of interest is very low and the processing fee was zero the whole process maximum took total 3 days . Rest everything went on in a very smooth way . It was an ok experience I would say.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 16, 2017
    • review Two Wheeler Loan
      "Good"
      TVS FINANCE
      0.5 5.0/5 "Blown Away!"
      Customer service was good from the TVS finance side for the 2 wheeler loan i took from them . I took it four years back from them . They called me and gave all the required information for the process . The rate of interest was very low which i got from the TVS side . I actually paid extra amount of rupees six thousand for closing everything .
      Was this review helpful? 0
      , indore
      Reviewed on Oct 16, 2017
    • review Two Wheeler Loan
      "Payment option is good"
      BAJAJ AUTO FINANCE
      0.5 5.0/5 "Blown Away!"
      This was my second two wheeler loan, and to my surprise unlike the first one this was far more impressive. This Financial services had lot of payment option and everything happened with real smoothness. I haven't had any issue with their loan until now.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 16, 2017
    • HDFC Bank Two Wheeler Loan
      "Agent issue"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I felt the whole loan experience was good, I got the loan when I required and was pretty much easy to get it. But the issue started when I came to know one of the Agent, who has been collecting my money hasn't been putting the money in account. This has caused a great damage to my credit score.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 16, 2017
    • L&T Finance Two Wheeler Loan
      "GOOD SERVICE"
      L&T FINANCE LIMITED
      0.5 4.0/5 "Great!"
      It was a simple and quick process with L&T finance limited. I had taken a two wheeler loan from them and the process was very professional and I liked the way they handled the whole thing. The rate of interest and processing charges was normal to me as long as the services has been good.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 16, 2017
    • HDFC Bank Two Wheeler Loan
      "Average service"
      HDFC BANK
      0.5 3.0/5 "Satisfactory"
      I had a two wheeler loan from HDFC it was an average service from HDFC. I have taken the HDFC two wheeler loan before 3 years the staffs of HDFC is very good but it was very long so I don't remember about the rate of interest they offered ,I would say the service of HDFC is average.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 16, 2017
    • HDFC Bank Two Wheeler Loan
      "High on charges but very good customer service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      HDFC Bank has offered me a two wheeler loan and the customer support is excellent. The process was fine and I was kept updated about my status on a regular basis. The after loan services are also good. The interest rate and processing charges is high.
      Was this review helpful? 0
      , jaipur
      Reviewed on Oct 15, 2017
    • review Two Wheeler Loan
      "EXCELLENT"
      FULLERTON
      0.5 4.5/5 "Excellent!"
      Response given by HDFC bank for my two wheeler loan process was very fast. They approved the loan with simple documents collection. Customer service is really good.This bank offered the loan to me at the minimum interest of rate which i don't recall now.It was on 2013.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 15, 2017
    • HDFC Bank Two Wheeler Loan
      "good service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      It was a about 6 years I have taken a two wheeler loan from HDFC for my honda activa ,I use to pay my payments through check for HDFC for my two wheeler loan process the staff where very good in responding I could say the service is good from HDFC for my two wheeler loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 15, 2017
    • Shriram City Two Wheeler Loan
      "good service"
      SHRIRAM CITY UNION FINANCE
      0.5 4.0/5 "Great!"
      I had taken a two wheeler loan from SRIRAM finance the customer service is good but the rate of interest was little high I use to pay my emi payment every month of rupees 1900 for 11 months I don't find any difficulty with SRIRAM service it was a very excellent experience with SRIRAM for my two wheeler loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 15, 2017
    • L&T Finance Two Wheeler Loan
      "excellent service"
      L&T FINANCE LIMITED
      0.5 5.0/5 "Blown Away!"
      I had a two wheeler loan for my hero mastero bike with LNT two wheeler loan. This was taken through the direct bank this was taken through the dealer and the dealer has got tie up with the bank. The process would get completed within 2 days. Initially I paid around 8k.
      Was this review helpful? 0
      , chennai
      Reviewed on Oct 15, 2017
    • HDFC Bank Two Wheeler Loan
      "Faster process"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have taken Two wheeler loan with HDFC before 10 months. Every month Rs.2202 emi will be debited directly from my savings account. I had very good response and they have disbursed the loan of 60,000 within 6 to 7 hours. The rate of interest was nominal.
      Was this review helpful? 0
      , howrah
      Reviewed on Oct 14, 2017
    • review Two Wheeler Loan
      "Average Service"
      TVS FINANCE
      0.5 3.0/5 "Satisfactory"
      I have taken an two wheeler loan with TVS Finance. I took this loan 1 year ago. I don't exactly remember the rate of interest they offered me but it was low only when compared with others. But they were slow in processing my two wheeler loan which is only I don't like with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 14, 2017
    • Corporation Bank Two Wheeler Loan
      "EXCELLENT"
      CORPORATION BANK
      0.5 5.0/5 "Blown Away!"
      The service provided was very good with corporation bank related to the business loan process.Which was offered by our honorable prime minister of India,which was really helpful, I have taken this loan on January and i have closed it in April, Customer service is good with the corporation bank.
      Was this review helpful? 0
      , pune
      Reviewed on Oct 13, 2017
    • review Two Wheeler Loan
      "Its Good"
      BAJAJ AUTO FINANCE
      0.5 5.0/5 "Blown Away!"
      Bajaj Auto Finance gave me good service and their loan procedure was very easy to avail it, But in term of interest they gave 16% it was average as per the market standard and also they haven't provide me satisfactory principal amount, but I am fine with that.
      Was this review helpful? 0
      , bangalore
      Reviewed on Oct 12, 2017
    • HDFC Bank Two Wheeler Loan
      "Satisfactory"
      HDFC BANK
      0.5 4.5/5 "Excellent!"
      The process for the two wheeler loan was also a good experience with HDFC Bank. The customer services was on time and I being an existing customer had to hassles in this loan too. It was timely and their charges are also minimal. The bank also sent me the loan letter on time too.
      Was this review helpful? 0
      , jaipur
      Reviewed on Oct 11, 2017
    • L&T Finance Two Wheeler Loan
      "Its very good"
      L&T FINANCE LIMITED
      0.5 5.0/5 "Blown Away!"
      In L & T Finance, I done a low documentation procedure and they done fast process, I took the bike loan of Rs. 40,000 to purchase Activa for the tenure of two year, I have paid all the dues, just two EMI are pending. They offered me the loan with good interest rate.
      Was this review helpful? 0
      , vadodara
      Reviewed on Oct 11, 2017
    • review Two Wheeler Loan
      "Good service"
      BAJAJ FINSERV
      0.5 4.5/5 "Excellent!"
      The BAJAJ FINSERV has approved My 2 wheeler loan around a year ago. The required loan amount has been disbursed and happy about it. The customer service is good with BAJAJ finserv. This loan has the tenure of 3years. They have disbursed the loan amount in a day time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 10, 2017
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