Whoever said wishes don’t come true hasn’t explored our offers!
  • Two Wheeler Loans for Students

     4.5 / 5.0   by 2247 users
    Used this product? Write a review >>

    Fees & Charges

    Promised Interest Rate

    Plan Benefits

    Policy Coverage

    Customer Service

    Claim Experience

    Responsiveness

    Two Wheeler Loan
    • Easy Processing
    • Attractive interest rates
    • Compare across banks

    The two wheeler is one of the most popular modes of transport in India and has become an almost essential commodity for the average Indian’s daily commute. India is one of the largest manufacturers of two wheelers in the world and is considered one of the best markets for small to medium capacity two wheelers. Many manufacturers from around the world have started operations in the country and have designed many models to suit Indian roads. With these new models entering the markets, many banks have also decided to introduce loans for two wheelers with varying eligibility criteria, so that they will be able to cater to every segment of the market. A demographic among which twowheelers are quite popular are students, but most students do not have the finances to purchase a new two wheeler, for this very purpose, some banks have decided to provide twowheeler loans to students under certain special conditions, as they are not yet earning members of society. In the following paragraphs the various criteria a student will need to fulfill to be eligible for a twowheeler loan have been discussed, along with the applicable interest rate and other charges.

    Perfect Personal Loan Deals for you

    Features

    • The minimum repayment period for a two wheeler loan provided to a student is 3 years.
    • The income requirement for the coapplicant is not very high.
    • The student will need to provide a coapplicant/guarantor to avail this type of loan.
    • Most banks take up to 3 days to process the documents.
    • Two wheelers loans for students are unsecured.
    • There is no restriction on the type of vehicle the student may purchase by availing this type of a loan.

    Eligibility

    There are various factors taken into consideration by the bank before providing a student with a two wheeler loan. The eligibility criteria for student two wheeler loans have been listed below:

    • The minimum age of the applicant should be 18 years.
    • The applicant will need to apply for this loan along with a coborrower/guarantor.
    • The coborrower should have a steady source of income, and should have valid proof of income.
    • The applicant must be a student.
    • The coborrower should have a good CIBIL score. Most banks prefer to transact with individuals who have a CIBIL score of 700 or more.
    • Banks prefer the applicant to have some for of permanent address.

    Documentation

    • Proof of identity (Voter ID, Passport, Aadhaar Card, Driver’s License)
    • Proof of address (Utility bills, Bank passbook, Voter ID, Passport, Aadhaar)
    • Coborrower’s proof of Income:

    You may like to read: Two Wheeler Insurance

    Salaried Coborrower

    • Last 6 months pay slips.
    • 6 months’ bank statements.

    SelfEmployed Coborrower

    • 2 year’s income tax returns.
    • Bank statements for the last 1 year.
    • Proof of business

    News About Two Wheeler Loans for Students

    • Rent-A-Bike Policy Likely to Make a Comeback

      The AAP Government is all set to revive the policy of renting bikes, which came as a great news for most Delhiites. This scheme was operative a few years back, which was followed by its sudden cancellation.

      Recently, the Delhi Government announced that the scheme is making a comeback. Having received multiple proposals from various dealers already, the policy also focuses on decongestion of the already populated city thereby significantly lowering the usage of cars (four-wheelers) and bolstering the last mile connectivity. This measure has also come as a boon for the women residing in Delhi.

      Cities such as Goa, Bangalore, and such have already undertaken this scheme and Delhi is following suit. The main motive here is to promote safety awareness and depopulate the city.

      17 May 2018

    • Hero Super Splendor launched at a price of Rs.57,190 in India

      Hero MotoCorp, the Indian motorcycle manufacturer has launched the Super Splendor bike at Rs.57,190 in India. The Hero Splendor is one of the best-selling bikes in the country. Hero MotoCorp has spruced up the Splendor model for the 2018 launch with cosmetic updates and a more powerful engine. The Super Splendor bike is available in 5 metallic colours - heavy grey, candy blazing red, purple, black with silver, and black with fiery red. The bike is powered by a new air-cooled 125cc one-cylinder engine that generates 11.5 PS power and 11 Nm torque. Hero MotoCorp leads the 125cc segment with more than 55% market share.

      13 March 2018

    Essential Two Wheeler Loan Pages
    Two Wheeler Loan by Banks
    Two Wheeler Loan Articles

    Two Wheeler Loan for Students Reviews

  • Page 1 of 50 1 2 3 4 5
    • HDFC Bank Two Wheeler Loan
      "Very Good Service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      The experience i had in getting this loan has been good and it was taken like six months back, the loan amount which they had provided has been satisfactory as well. The interest rate with them has not been any higher and the processing fee and the one time charges has been nominal.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 11, 2018
    • HDFC Bank Two Wheeler Loan
      "GOOD SERVICE"
      HDFC BANK
      0.5 4.0/5 "Great!"
      The process is good by taking the two wheeler loan with the HDFC BANK where i have used it before three years. The rate of interest what they have charged is of higher when compared. The loan amount is delayed for 3-4 days and i have closed the loan.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 11, 2018
    • HDFC Bank Two Wheeler Loan
      "Average Service"
      HDFC BANK
      0.5 3.0/5 "Satisfactory"
      The experience in getting this loan has been good and the loan amount whcih they had provided has been sufficient. The interest rate whcih they where charging had been a little high when compared with the market rate and there has been a lot of charges which has been made by them as well.
      Was this review helpful? 0
      , bangalore
      Reviewed on Nov 09, 2018
    • review Two Wheeler Loan
      "Good"
      INDUSIND BANK LTD
      0.5 3.5/5 "Pretty good"
      I have taken two wheeler loan with Induslnd Bank before 3 years. The loan duration is 2 year and it was completed in the year of 2015. I have paid the premium through the cheques. The interest rate and processing fee is average. Overall it was a good experience.
      Was this review helpful? 1
      , pune
      Reviewed on Nov 08, 2018
    • HDFC Bank Two Wheeler Loan
      "Good In Need"
      HDFC BANK
      0.5 4.5/5 "Excellent!"
      If you are planning for a two wheeler loan i would say go with HDFC bank. I applied through HDFC and guess what, on the spot i got the approval on instant. It was to my surprise and i hold my favorite bike now. I am thankful to HDFC for their services. Rate of interest is reasonable.
      Was this review helpful? 1
      , aurangabad
      Reviewed on Nov 03, 2018
    • HDFC Bank Two Wheeler Loan
      "GOOD"
      HDFC BANK
      0.5 3.0/5 "Satisfactory"
      I have a good experience by taking the two wheeler loan with the HDFC BANK. I have taken it before 7-8 years where i have got the satisfactory loan amount which is equal to my bike. The EMI i pay 2k per month for this loan also the service is good with this loan.
      Was this review helpful? 1
      , noida
      Reviewed on Nov 03, 2018
    • Corporation Bank Two Wheeler Loan
      "Good Banking Service"
      CORPORATION BANK
      0.5 4.0/5 "Great!"
      I have taken two wheeler loan from Cooperative Bank . They took 10 to 15 days for the approval and documentation. Am satisfied with the promising rate of interest which is nominal one. Their customer service and response is good. They gave the tenure period of 24 months . Making the payment through Ecs online banking.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 02, 2018
    • HDFC Bank Two Wheeler Loan
      "Good Banking Service"
      HDFC BANK
      0.5 4.0/5 "Great!"
      Got my Two wheeler loan from Hdfc . They took some time for approval and documentation. Am satisfied with the promising rate of interest which is nominal one. Their customer service and response is good. They gave the tenure period of 24 months . Making the payment through Ecs online banking.
      Was this review helpful? 1
      , bangalore
      Reviewed on Nov 02, 2018
    • SBI Two Wheeler Loan
      "Good service"
      STATE BANK OF INDIA
      0.5 3.0/5 "Satisfactory"
      My two wheeler loan experience with SBI was good and it was cleared back on 2015 April. I paid a down payment of Rs 30000 and remaining Rs 30000 as a loan. The rate of interest was nominal when compared to others and the tenure period was for 12 months.
      Was this review helpful? 1
      , visakhapatnam
      Reviewed on Nov 01, 2018
    • HDFC Bank Two Wheeler Loan
      "Good service"
      HDFC BANK
      0.5 3.0/5 "Satisfactory"
      I had taken this loan almost seven years and the experience i had has been good. The loan amount which they had provided has been good and the interest rate with them has been nominal. There has not been any sort of additional charges whcih they had made so far.
      Was this review helpful? 1
      , bangalore
      Reviewed on Oct 31, 2018
    • HDFC Bank Two Wheeler Loan
      "Excellent"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have purchased Hero Honda Dio Scooty using HDFC Two wheeler loan. I have to pay EMI near about Rs2083 and making through ECS. The customer service is well and good. The loan duration is 36 months and loan amount is 62 or 64K but have to pay 1L including interest.
      Was this review helpful? 1
      , gurdaspur
      Reviewed on Oct 31, 2018
    • HDFC Bank Two Wheeler Loan
      "Faster loan approval, Good service and behaviour of the exec"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have purchased Royal Enfield bike through HDFC loan. I have paid near about 18,500 including registration fee and insurance the rest was issued by HDFC. Its still on going, I had to pay EMI near about RS.4387 and the loan amount is 1,20,000. The documentation procedure is simple and process is very fast since have a good credit score. The interest rate is nominal.
      Was this review helpful? 2
      , gurdaspur
      Reviewed on Oct 31, 2018
    • Shriram City Two Wheeler Loan
      "Not satisfied with the service"
      SHRIRAM CITY UNION FINANCE
      0.5 2.0/5 "Expected more"
      The whole process in getting this loan has been smooth and easy and the loan amount which they had provided has been satisfactory as well. But the interest rate with them has been high compared with the market rate and they had taken some charges as well. Their customer support also had been helpful as well.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Oct 31, 2018
    • HDFC Bank Two Wheeler Loan
      "Immediate loan & Faster approval"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      I have purchased Bajaj Pulsar bike with the help of HDFC BANK. The loan process was immediate and smooth. I have paid some down payment and the rest was provided by the Bank. The interest rate was 10%, which was nominal. There is no hidden charges. I am paying 2273 rupees through ECS.
      Was this review helpful? 2
      , kolkata
      Reviewed on Oct 30, 2018
    • HDFC Bank Two Wheeler Loan
      "Excellent Service"
      HDFC BANK
      0.5 5.0/5 "Blown Away!"
      The experience i had with this Two wheeler loan had been great and the loan amount which they had provided has been sufficient. The interest rate with them has been comparatively less and there has not been any sort of additional charges which have been made by them.
      Was this review helpful? 2
      , lucknow
      Reviewed on Oct 29, 2018
    • review Two Wheeler Loan
      "Excellent Service"
      TVS FINANCE
      0.5 5.0/5 "Blown Away!"
      The process in getting this loan has been smooth and easy and they had provided me with a loan amount of 30,000. There has only been a charges of 800 and there has not been any additional charges made by them. The interest rate with them also had been nominal when compared with the market rate.
      Was this review helpful? 2
      , chennai
      Reviewed on Oct 27, 2018
    • review Two Wheeler Loan
      "Excellent Service"
      TVS FINANCE
      0.5 5.0/5 "Blown Away!"
      The experience with this loan has been good and the loan amount which they had provided has been sufficient. The interest rate with them has been nominal when compared with the market rate. The tenure period which they had give also had been good as well. There has not been any higher charges levied by them till date.
      Was this review helpful? 1
      , chennai
      Reviewed on Oct 27, 2018
    • Shriram City Two Wheeler Loan
      "Very Good Service"
      SHRIRAM CITY UNION FINANCE
      0.5 4.0/5 "Great!"
      The experience in getting this loan has been good and the loan amount has been good. The interest rate has been good and there has not been any additional charges which they had made. I had pre closed this loan and they had not charged with any charges. Overall it had been a good experience with this loan.
      Was this review helpful? 4
      , bangalore
      Reviewed on Oct 23, 2018
    • ICICI Two Wheeler Loan
      "Excellent Service"
      ICICI BANK
      0.5 5.0/5 "Blown Away!"
      The experience in getting this loan has been good and the loan amount which they had provided has been satisfactory as well. There has not been any sort of additional charges which had been made by them and the processing fee with them has been nominal. Overall I am happy with the experience with this loan.
      Was this review helpful? 5
      , new delhi
      Reviewed on Oct 17, 2018
    • HDFC Bank Two Wheeler Loan
      "Best Financial Service"
      HDFC BANK
      0.5 4.5/5 "Excellent!"
      I have taken two wheeler loan from Hdfc bank. Am satisfied with the rate of interest which is good .They have charged for processing fees which is nominal one and gave the tenure period . Am satisfied with their customer service and response.
      Was this review helpful? 4
      , vadodara
      Reviewed on Oct 17, 2018
    Common Loader Icon
    Page 1 of 50 1 2 3 4 5

    Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

    reTH65gcmBgCJ7k
    This Page is BLOCKED as it is using Iframes.