TVS Credit Two-Wheeler Loan

TVS Credit is a Non-Banking Financial Company (NBFC) that offers two-wheeler loans for consumers. It offers loans at lucrative rates of interest and is based on the discretion of the NBFC.

Applicants can avail loans amounting to up to 95% of the on-road price of the vehicle. Loan repayment tenure goes up to 5 years. TVS Credit also offers quick loan approval and disbursal.  

TVS Credit Two-Wheeler Loan Interest Rate

Category

Details

Interest Rate

Contact the NBFC

Maximum Loan Amount

Up to 95% of on-road price

Minimum Loan Amount

Based on the discretion of the NBFC

Repayment Period

Up to 5 years

Processing Fee

Up to 10% of the loan amount

Prepayment Charges

Up to 5% of the principal amount that is pending

Compare with: Lowest two wheeler loan interest rate

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How to Apply for TVS Credit Two-Wheeler Loan?

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

TVS Credit Two-Wheeler Loan
  1. Visit the official website of TVS Credit
  2. Click on 'Two Wheeler Loan' on the main page
  3. Click on 'Apply Now'.
  4. On the next page, select the model and the loan amount.
  5. Click on 'Select & Proceed'.
  6. Click on 'Next'.
  7. Enter the pin code, state, and city.
  8. Enter your name, email ID, date of birth, and mobile number
  9. Select the preferred time for a TVS customer service representative to contact you.
  10. A TVS customer service representative will contact you to process the request.

TVS Credit Two-Wheeler Loan Eligibility

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

  1. Self-employed or salaried individuals
  2. Public and/or private limited companies
  3. Partnership and/or proprietorship firms

Documents Required

For Self-employed

  1. Proof of address
  2. Proof of identity
  3. Proof of age
  4. Signature proof
  5. Bank statement
  6. Income document: ITR with computation of income

For Salaried Employees

  1. Proof of address
  2. Proof of identity
  3. Proof of age
  4. Signature proof
  5. Bank statement
  6. Salary slip or Form 16
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Features and Benefits

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

  1. 24-hour approval and disbursal
  2. Minimal documentation
  3. Attractive rates of interest
  4. Special schemes offered
  5. 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. 

FAQs on TVS Credit Two-Wheeler Loan

  • Can I apply for a TVS Credit two-wheeler loan online?

    Yes, you can apply for a TVS Credit two-wheeler loan online. 

  • Can self-employed individuals apply for a TVS Credit two-wheeler loan?

    Yes, self-employed individuals can apply for a TVS Credit two-wheeler loan. 

  • Are any charges levied to use TVS Credit two-wheeler loan EMI calculator?

    No charges are levied to use TVS Credit two-wheeler loan EMI calculator. 

  • Will any charges be levied in case I foreclose the TVS Credit two-wheeler?

    Yes, charges may be levied in case you foreclose the TVS Credit two-wheeler. 

  • What is the maximum repayment tenure of the two-wheeler loan offered by TVS Credit?

    The maximum repayment tenure of the two-wheeler loan offered by TVS Credit is five years. 

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