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TVS Credit Two Wheeler Loan

TVS Credit two-wheeler loans offer attractive interest rates and up to 95% of the on-road price. Loans can be processed in 48 hours if all documentation is complete. The processing fee is nominal and there are also options for foreclosure of the loan.

SBI Two-Wheeler Loan Interest Rate

Interest Rate Based on the discretion of the NBFC
Maximum Loan Amount Up to 95% of on-road price
Minimum Loan Amount Based on the discretion of the NBFC
Income Rs. Min Income Required
Repayment Period Up to 2 years
Processing Fee Based on the discretion of the NBFC
Prepayment Charges Based on the discretion of the NBFC

Compare with: Lowest two wheeler loan interest rate

Features and Benefits

There are many unique features and benefits of TVS Credit bike loan. Some of the salient features are:

  • 24-hour approval and disbursal
  • Minimal documentation
  • Attractive rates of interest
  • Special schemes offered
  • Prepayments are permitted

TVS Credit Two-Wheeler Loan EMI Calculator

Having a clear idea of what your Equated Monthly Instalment (EMI) will be before you make the loan application will help you better plan and budget your finances. It will also ensure that you take a loan that you can pay back in a hassle-free and regular manner without any delays in payments.

It is very easy to know how much EMI you will have to pay on your TVS Credit two-wheeler loan. All you have to do is visit the official website of TVS Credit and navigate to the page for two-wheeler loans. There is an online free EMI calculator which is easy to use and displays the accurate and precise EMI you have to pay.

This two wheeler loan emi calculator makes it even easier for you to know the details of your loan because it gives you the price of the bike you want to buy according to the variant and state. All you have to do is select the bike variant and state you want to buy it from using the dropdown menu. Also select the tenure that you wish to take. Using the slider, adjust your loan amount and interest rate. Also enter the amount of down-payment you will be able to afford. Click on the button for ‘Calculate EMI’. Your EMI will now be displayed on the page.

TVS Credit Two-Wheeler Loan Eligibility

The following are eligible for a two-wheeler loan from TVS Credit:

  • Self-employed or salaried individuals
  • Public and/or private limited companies
  • Partnership and/or proprietorship firms

Find: Two Wheeler Loan Eligibility

How to Apply for TVS Credit Loan?

Apply for a TVS Credit bike loan by following the steps given below:

  • Visit the official website of TVS Credit
  • Click on ‘'Two-Wheeler Loan’' on the main page
  • You will be directed to the next page where you can click on ‘'Apply for Loan’'
  • Two options will be displayed for you:
  • Get an instant online approval
  • Get a call back from our executive
  • If you click on the first option, you will be directed to a page where you can select the variant of bike you want to buy and fill in the required details. Your loan approval will be informed as soon as documentation is verified.
  • If you choose the second option, you will be directed to a page where you can fill in your contact details for the bank’s representative to call you and take the application process forward

Documents Required

For Self-employed

  • Proof of address
  • Proof of identity
  • Proof of age
  • Signature proof
  • Bank statement
  • Income document: ITR with computation of income

For Salaried Employees

  • Proof of address
  • Proof of identity
  • Proof of age
  • Signature proof
  • Bank statement
  • Salary slip or Form 16

FAQs

1. Can I change my loan amount or loan tenure after the loan has been disbursed?

While you can make changes in your loan amount or loan tenure during the application process by getting in touch with the bank representative, you are not allowed to make changes in the loan repayment tenure or loan amount after the loan has been disbursed.

2. Is there an option to pay my EMIs online?

TVS Credit has an option for online payment of EMI on the official website which you can use to easily make online payments at your convenience.

3. Is there any collateral or security that have to be submitted for the loan to be approved?

No, for the loan to be approved, all you need to submit are your KYC documents. Once the loan has been disbursed, your vehicle will be hypothecated to TVS Credit and will remain that way until the loan has been fully repaid by you.

4. How much down-payment should I pay?

Your down-payment, or margin money, is the difference between the loan amount that is sanctioned to you and the on-road price of the bike that you have chosen. Since TVS Credit offers up to 95% of the on-road price of the bike as the loan amount, this will not be a huge amount for you to pay.

5. Can I change my bank account or mode of payment after the loan has been disbursed and I have already submitted post-dated cheques?

Yes, you can request for a change in your mode of payment or bank account afterwards. However, the cheques you have submitted will be retained by TVS Credit after defacing them. Cheques can be returned on request for which you will have to get in touch with customer service.

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