Two-Wheeler Loan
Dreaming of owning a Two-Wheeler? IDFC FIRST Bank presents best in market, Two-Wheeler loans for fulfilling your dreams with an attractive interest rate.
Key Features
Instant approval
Best Turn-around-time in market
(disbursement within 2 hours)
Flexible tenure up to 60 months
Up to 100%* funding on On Road Price
*With valid income proofHassle free loans through digital Processing
Easy & less Documentation
Eligibility
-
Who can apply?
- • Indian resident
- • Age above 21 years
- • Age b/w 18-21 years with mandatory co-applicant
Documents required
- • Any valid identity/address proof such as Passport, Aadhaar card, Driver’s license, Voter Id
- • Property Ownership proof (Depending upon the scheme)
Frequently Asked Questions
What is a Two-Wheeler Loan and how can I get one?
A Two-Wheeler Loan helps you to purchase a new Motorcycle or a Scooter of your choice, and repayment shall be made in Equated Monthly Instalments (EMIs). Our loans are available for both salaried and self-employed individuals.
What is the Two-Wheeler Loan repayment process?
You will need to repay your Two-Wheeler Loan through Equated Monthly Instalments or EMIs, wherein you pay a fixed amount each month, until your loan is repaid. Every instalment of the loan that you repay will be partly made up of principal repayment and partly of interest payment. Once you complete your loan repayment, you can apply for the removal of hypothecation on your vehicle and you will gain complete ownership.
How can I avail a Two-Wheeler Loan from IDFC FIRST Bharat?
Just make a call to our branch office and our staff will get in touch with you shortly for further processing. Alternatively, you can also walk into any of our partner Two-Wheeler showrooms.