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  • TVS Credit Two Wheeler Loan

    Bankbazaar TVS Credit Two Wheeler Loan
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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.

    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.

    Two Wheeler Loan by Other Banks
    Two Wheeler Loan

    TVS Credit Two Wheeler Loan Reviews

  • Page 1 of 50 1 2 3 4 5
    • Shriram City Two Wheeler Loan
      "Good Service"
      SHRIRAM CITY UNION FINANCE
      0.5 4.0/5 "Great!"
      In the year of 2014, I had taken two wheeler loan from Shriram Finance. Also I cleared the loan and received NOC from them as well. I do not remember the rate of interest for two wheeler loan. As per my experience Shriram finance is recommendable for the loan.
      Was this review helpful? 0
      , haldwani
      Reviewed on May 24, 2017
    • IOB Two Wheeler Loan
      "Good Response"
      INDIAN OVERSEAS BANK
      0.5 5.0/5 "Blown Away!"
      Interest rate for two wheeler loan is of 10.2%. It was quite easy to take the loan from Indian Overseas Bank. The entire process went good with no issues. The bank delivered good customer service as well and I got proper response for my loan application.
      Was this review helpful? 0
      , thrissur
      Reviewed on May 24, 2017
    • ICICI Two Wheeler Loan
      "Good Service"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      Long back I had taken two wheeler loan from ICICI bank. The loan process went smooth and it was very easy to approach the bank for the loan. They had done with the loan process within a day. It was hassles free service with ICICI bank.
      Was this review helpful? 0
      , salem
      Reviewed on May 24, 2017
    • L&T Finance Two Wheeler Loan
      "Fair"
      L&T FINANCE LIMITED
      0.5 3.0/5 "Satisfactory"
      Currently, I am having the two wheeler loan with the L&T finance limited and the loan amount got credited within an hour of time. They have provided around 80% of cost of the vehicle as loan and the processing charges were nil with them. They did not provide the ECS option for me till now.
      Was this review helpful? 0
      , siliguri
      Reviewed on May 23, 2017
    • review Two Wheeler Loan
      "Good Service"
      BAJAJ FINSERV
      0.5 4.0/5 "Great!"
      I had taken the bike loan from bajaj finance i just waked into bajaj they explained me everything which includes the bike value is rupees one laks the total loan amount including emi is 1.20 thousand next month the loan is getting completed EMI is 3200 and this is for a tenure of 2.5 years.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 22, 2017
    • review Two Wheeler Loan
      "Happy banking"
      KARNATAKA BANK
      0.5 5.0/5 "Blown Away!"
      Actually I had taken two wheeler loan every year with Karnataka bank. Till date, I had take four two wheeler loan with the same bank for my family members. I feel more comfortable with Karnataka bank. Actually I had given the proposal to the bank at 3:30 PM and I got loan DD in the evening, so such a fast service they had delivered my loan application. I used to pay double the EMI to close the loan earlier. I am more than happy with Karnataka bank and its services.
      Was this review helpful? 0
      , chennai
      Reviewed on May 22, 2017
    • HDFC Bank Two Wheeler Loan
      "Helpful Service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      Long back ago I had taken a two wheeler loan from HDFC bank. At that time, the interest rate was very normal and affordable. Also the process went smooth without any hassles. Moreover it was very easy to avail the loan from HDFC bank as they are supportive.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 20, 2017
    • review Two Wheeler Loan
      "Good service"
      UNION BANK OF INDIA
      0.5 5.0/5 "Blown Away!"
      It was very good service with Union bank of India. I got a good 2 wheeler loan experience with Union bank during the year 2005. The rate of interest and processing fee is nominal with Union bank. This Two-wheeler loan has the tenure of 3 years. Overall it was a very good service provided by them.
      Was this review helpful? 0
      , asansol
      Reviewed on May 19, 2017
    • review Two Wheeler Loan
      "Wonderful "
      INDUSIND BANK LTD
      0.5 4.0/5 "Great!"
      I have closed the two wheeler loan with the Indusind bank and the interest rate was lesser one with them on that time. I got the NOC paper within one to two months of time and there are no issues with them. I got the loan amount within two weeks of time.
      Was this review helpful? 1
      , chennai
      Reviewed on May 17, 2017
    • HDFC Bank Two Wheeler Loan
      "Good Bank"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      In the year of 2013, I had taken two wheeler loan from HDFC bank. At that time, the interest rate is normal and I do not remember the exact rate of interest. Also they processed the loan in a very good manner. They have standard customer service. Their overall service is good.
      Was this review helpful? 1
      , pune
      Reviewed on May 17, 2017
    • review Two Wheeler Loan
      "The Best Service"
      BAJAJ FINSERV
      0.5 5.0/5 "Blown Away!"
      I took two wheeler loan from Bajaj in the year of 2009. The process went smooth. Actually it is very easy to avail any kind of loan from Bajaj but the only thing we have to be conscious on the rate of interest. Sometimes it will be on higher end with them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 17, 2017
    • review Two Wheeler Loan
      "Hassle Free Experience"
      BAJAJ AUTO FINANCE
      0.5 4.0/5 "Great!"
      Bajaj auto finance is really great, they had processed the bike loan within a day on other next day I got my bike delivery. I requested Bajaj customer service to process my two wheeler immediately due to some emergency purpose, hence they considered and the process was compelted very fast.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 16, 2017
    • HDFC Bank Two Wheeler Loan
      "The Best Bank"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I had taken two wheeler loan from HDFC bank. The rate of interest was very normal for my two wheeler loan, which was 11.25%. It was easy to avail the loan from HDFC bank, even the documentation process was very simple. There was no hassles with the bank for loan services.
      Was this review helpful? 1
      , mumbai
      Reviewed on May 16, 2017
    • review Two Wheeler Loan
      "Good. Can be lesser in rates"
      BAJAJ FINSERV
      0.5 3.5/5 "Pretty good"
      I have taken a two wheeler loan from Bajaj Finserv. It is a flexible process to get this loan as I am a existing customer. But the institution is pretty high on the interest when I compare them with other banks. There are high charges taken a well.
      Was this review helpful? 2
      , hyderabad
      Reviewed on May 15, 2017
    • HDFC Bank Two Wheeler Loan
      "Very prompt in charges"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      HDFC bank is very prompt in charges. I took two wheeler loan from them. Their rate of interest is normal. They will charge what they committed in the beginning while taking the loan. Even they showed me about EMI calculations. They do not make the customer suffer in any way.
      Was this review helpful? 1
      , hyderabad
      Reviewed on May 13, 2017
    • ICICI Two Wheeler Loan
      "Recommendable Loan Products"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      There was nothing delayed on my two wheeler loan with ICICI, everything was on time. I approached the loan showroom, so the process was quick I got my bike delivery on time. I had taken the loan amount around Rs.60,000 from ICICI, they all have done a very good job.
      Was this review helpful? 0
      , bangalore
      Reviewed on May 12, 2017
    • ICICI Two Wheeler Loan
      "ICICI TWO Wheelerloan"
      ICICI BANK
      0.5 4.5/5 "Excellent!"
      Best rate of interast and fast process. It was totally a hassle free experience with ICICI Bank on my bike loan, I had taken this loan in Dec 2016 at the loan amount I have opted for 30k approximately and they charges me minimal.I have preclosed loan as i got the money.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 10, 2017
    • HDFC Bank Two Wheeler Loan
      "Good service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I got the 2 wheeler loan within 3 days of time with HDFC bank. The rate of interest is nominal with Hdfc 2 wheeler loan. The documentation process was done smooth and easy, but I have faced hassle while doing my endorsement clearance of the vehicles, still they can make it easy, because they do charge for the documentation process.
      Was this review helpful? 2
      , pondicherry
      Reviewed on May 10, 2017
    • L&T Finance Two Wheeler Loan
      "Excellent service"
      L&T FINANCE LIMITED
      0.5 5.0/5 "Blown Away!"
      It was totally a hassle free experience with L&T on my bike loan I did get a good assistance and they contacted me at the right time. They were very polite in their service and really good they were completely in touch with me throughout the process Initially I tried applying in India bulls but they rejected my application but same documents I submitted in L&T they approved it,
      Was this review helpful? 0
      , hyderabad
      Reviewed on May 09, 2017
    • review Two Wheeler Loan
      "Better Service"
      BANK OF BARODA
      0.5 4.0/5 "Great!"
      I had taken two wheeler loan from Bank of Baroda and that was during the year 2014. I got spot loan from the bank with the help of Bajaj showroom. But the interest rate is higher when compared with any other banks. Other than interest rate, they provided a spot loan too.
      Was this review helpful? 1
      , bangalore
      Reviewed on May 09, 2017
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