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  • TVS Credit Two Wheeler Loan

     4.5 / 5.0   by 1360 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
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    TVS Credit Two Wheeler Loan Reviews

  • Page 1 of 50 1 2 3 4 5
    • HDFC Bank Two Wheeler Loan
      "Convenient and Good"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have bike loan with HDFC, I took the loan amount around Rs. 66,000. I have purchased the Honda unicorn HDFC offered 100% loan with the interest rate of 11.5% for the tenure of three years. I am very happy with their service, I didn't face any hassles.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • review Two Wheeler Loan
      "Excellent"
      INDUSIND BANK LTD
      0.5 5.0/5 "Blown Away!"
      I had applied for a bike loan with INDUSIND Bank. The response was good. They contacted me and informed me the details they have offered me the normal rate of interest and the EMI is for 2750 and it is for twenty three months and still three EMI is pending.
      Was this review helpful? 0
      , mumbai
      Reviewed on Jun 22, 2017
    • review Two Wheeler Loan
      "Nice Service"
      INDUSIND BANK LTD
      0.5 5.0/5 "Blown Away!"
      I got Activa with the help of the two wheeler loan from Indusind Bank. They offered me this loan and they had given some suggestions for the loan process. Interest rate is margeable which is not high and not low. The tenure for the loan is 20 to 23 months. The services of Indusind bank is good especially for the loan which I had taken.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jun 22, 2017
    • Shriram City Two Wheeler Loan
      "Excellent services"
      SHRIRAM CITY UNION FINANCE
      0.5 4.0/5 "Great!"
      Shriram city union finance was perfect when I got my two wheeler loan from them. The customer services and response was excellent and the after loan services was good. The loan is closed as well. I had no issues during the process and the interest rate and charges were very much normal.
      Was this review helpful? 1
      , salem
      Reviewed on Jun 22, 2017
    • HDFC Bank Two Wheeler Loan
      "Excellent "
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have taken the bike loan with the HDFC bank and the response is also very good like I got it without any formalities. Customer service is quite good one for me and they have provided around 100% cost of the bike as loan. I am happy with the HDFC bank.
      Was this review helpful? 0
      , guwahati
      Reviewed on Jun 21, 2017
    • HDFC Bank Two Wheeler Loan
      "User friendly "
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I had a 2 wheeler loan with Hdfc bank around 2 years ago. It has 3 years of tenure. Already I finished paying for 2years 6 months, another 6 months is left to finish the loan. Within 3 days of time I got the loan from HDFC bank. The rate of interest is nominal with HDFC. The HDFC bank has satisfied me with their wonderful service.
      Was this review helpful? 1
      , mysore
      Reviewed on Jun 20, 2017
    • review Two Wheeler Loan
      "Excellent services"
      BAJAJ FINSERV
      0.5 5.0/5 "Blown Away!"
      I got my two wheeler loan within 48 hours from Bajaj Finserv. The process was a super fast one and I am happy with the experience. The loan was taken two years back and completed as well. I had no issues from the start to the finish and even at the closure.
      Was this review helpful? 1
      , varanasi
      Reviewed on Jun 20, 2017
    • HDFC Bank Two Wheeler Loan
      "Extreme"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I am very much happy with HDFC bank for the two wheeler loan which I had availed from the bank. Interest rate is 12% which is nominal and it is better than the other banks. Customer service is really superb. They had done the loan process extremely well.
      Was this review helpful? 1
      , lucknow
      Reviewed on Jun 20, 2017
    • HDFC Bank Two Wheeler Loan
      "Good Service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      About eight years ago, I had taken two wheeler loan from HDFC bank. The bank is good in processing the loan and they done with the process in a proper way. Interest rate was around 12% and the HDFC people who were in the showroom, they had done all the formalities within a day. I am quite happy with the services of HDFC bank.
      Was this review helpful? 2
      , paradip
      Reviewed on Jun 19, 2017
    • HDFC Bank Two Wheeler Loan
      "Satisfactory services"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      HDFC Bank has been really good in the two wheeler loan process. They collected my documents on time and processed my details as well. The interest rate and processing charges was normal and the after loan services was also smooth and pretty easy.
      Was this review helpful? 1
      , visakhapatnam
      Reviewed on Jun 19, 2017
    • HDFC Bank Two Wheeler Loan
      "Very good experience"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I got a 2 wheeler loan with HDFC bank. The process was quite easy and it just took a day time. They have directly disbursed the loan amount to the dealer and I got the 2 wheeler in a same day. The paid back the loan amount through the ECS mode. I have paid the loan amount and cleared within the assigned period. The rate of interest is nominal with HDFC bank.
      Was this review helpful? 2
      , chennai
      Reviewed on Jun 17, 2017
    • HDFC Bank Two Wheeler Loan
      "Good Process"
      HDFC BANK
      0.5 3.0/5 "Satisfactory"
      One year ago, I availed two wheeler loan with HDFC bank. For the loan, they provided good service. They never caused any trouble and done with the process in a smooth manner. Their responses are good. Still the loan is running, I am paying the emi regularly. The entire process is good.
      Was this review helpful? 4
      , madurai
      Reviewed on Jun 15, 2017
    • HDFC Bank Two Wheeler Loan
      "Good Service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I am with HDFC bank for more than nine years. I had availed two wheeler loan from the bank. The loan process went smooth and their marketing executives are good in addressing the customers. I am happy with the bank for my two wheeler loan process.
      Was this review helpful? 3
      , visakhapatnam
      Reviewed on Jun 15, 2017
    • Hero fincorp Two Wheeler Loan
      "Good Response"
      HERO FINCORP LIMITED
      0.5 3.5/5 "Pretty good"
      Hero Fincorp provided better service for the two wheeler loan, which had done already. I received better services from them with a better interest rate. I went to the showroom where they assisted me well and they were good in providing the service.
      Was this review helpful? 1
      , visakhapatnam
      Reviewed on Jun 15, 2017
    • ICICI Two Wheeler Loan
      "Good Process"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      I am a customer of ICICI bank for past ten years. I had taken loans and credit card. The bank is good for the all the services. I had taken two wheeler loan as well. The interest rate is good and I am happy with the services of ICICI bank for two wheeler loan.
      Was this review helpful? 1
      , coimbatore
      Reviewed on Jun 13, 2017
    • HDFC Bank Two Wheeler Loan
      "Good Service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      Last year I had taken two wheeler loan from HDFC bank. The loan process went good with them. I had taken this loan for two years, I almost completed one and a half years. I had no issues with the bank for the two wheeler loan as it is going smooth till date.
      Was this review helpful? 2
      , mumbai
      Reviewed on Jun 13, 2017
    • HDFC Bank Two Wheeler Loan
      "Good in services"
      HDFC BANK
      0.5 4.0/5 "Great!"
      I have an earlier experience with HDFC Bank for a two wheeler loan. The customer services was smooth and I got the loan on time. I even closed the loan when I had five to six EMI pending before the tenure could end. It was a easy process to close it as well.
      Was this review helpful? 4
      , hyderabad
      Reviewed on Jun 10, 2017
    • Shriram City Two Wheeler Loan
      "Better "
      SHRIRAM CITY UNION FINANCE
      0.5 4.0/5 "Great!"
      I have closed two wheeler loan by last December and it was with Shriram city union finance limited. The EMI was around 3000 Rupees for 24 months of time and they have provided the loan amount within two days of time, also it was arranged by dealer. I have asked only 40% of cost of bike as loan.
      Was this review helpful? 1
      , chennai
      Reviewed on Jun 10, 2017
    • Shriram City Two Wheeler Loan
      "Good Service"
      SHRIRAM CITY UNION FINANCE
      0.5 4.0/5 "Great!"
      The process is very quick with SHRIRAM CITY UNION FINANCE. Within 7 days of time, they have disbursed my 2 wheeler loan . The rate of interest is very high , when compared with others . This loan has the tenure of 17 months and Within 3 years I had for- closed this loan.
      Was this review helpful? 3
      , new delhi
      Reviewed on Jun 09, 2017
    • review Two Wheeler Loan
      "Good"
      INDUSIND BANK LTD
      0.5 5.0/5 "Blown Away!"
      I have closed the two wheeler loan with the Indusind bank and the EMI was around 4000 Rupees per month and the tenure is around one year of time. The cost of the vehicle is around 89000 Rupees and they have provided 60% of cost of the vehicle as loan.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 08, 2017
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