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Bandhan bank Two Wheeler Loan: Hello friends, in today’s article we will get information about Bandhan Bank Two-Wheeler Loan. If you also want to know how to get two-wheeler loan from Bandhan Bank? So read this article till the end. In this post, all those factors related to Bandhan Bank Two Wheeler Loan have been discussed which is very important for you to know before taking two wheeler loan.
Bandhan Bank Two-Wheeler Loan
Bandhan Bank Limited is an Indian banking and financial services company that was started in 2001 as a micro-finance company in Kolkata. Bandhan Bank is the best and trusted bank in India. This bank provides various services to the customers like banking, loan, microfinance.
Bandhan Bank offers two wheeler loans at interest rates starting from 16.50% per annum. You can get a loan amount up to Rs 5 lakh from the bank and to repay this loan amount, the bank gives you a repayment period of up to 4 years. Provides so that you can pay your Bike Loan EMI without any stress.
Bandhan Bank Two-Wheeler Loan Interest Rate
Bandhan Bank Two Wheeler Loan interest rates start from 16.50% per annum and go up to 22.00% per annum. However, Bandhan Bank Two Wheeler Loan interest rates depend on factors such as the credit history of the applicant, loan amount, tenure, etc.
Do Read: PNB Se Personal Loan Kaise Le?
Bandhan Bank Two-Wheeler Loan EMI Calculator
Whenever we take a loan, the first thing we do is find out the EMI of that loan. To find EMI we use EMI Calculator. EMI calculator is a tool that helps you know the amount that you have to pay as loan installments on a fixed date of every month.
If you are taking a loan to buy a bike, you can use Loan Shiksha’s Two Wheeler EMI Calculator to calculate the monthly payment. You just need to enter the loan amount, interest rate and tenure. EMI Calculator will calculate and show the EMI of your Bandhan Bank Two-Wheeler Loan.
Bandhan Bank Two-Wheeler Loan Eligibility Criteria
To apply for Bandhan Bank Two Wheeler Loan you must fulfill the following eligibility criteria given below:
Age:
- Minimum: 21 years (up to 18 years with co-applicant)
- Maximum: 60 years or retirement age, whichever is earlier for salaried customer and 65 years for self-employed customers.
- Employment Type: Salaried, self-employed professionals, self-employed non-professionals can apply for this loan.
- Citizenship: Applicant must be an Indian citizen.
Documents required for Bandhan Bank Two-Wheeler Loan Application
The documents required to apply for Bandhan Bank Bike Loan are given below:
- Photo: Passport size photograph of the applicant.
- Application Form: Duly filled application form.
- Proof of Identity: Aadhar Card, Voter ID Card, Driving License, Passport etc.
- Proof of address: Driving license, passport, rent agreement, utility bills like electricity bill, water bill, telephone bill etc.
- Bank Statement: Operative Bank Account Statement of last 6 months.
- Quotation/Proforma Invoice: Quotation/Proforma Invoice of the vehicle proposed to be purchased by the applicant.
- For salaried individuals:
- Income Proof: Salary slip for last 3 months and Form-16 for 1 year.
- For self-employed persons:
- Income Proof: Balance Sheet and Profit and Loss Account calculations, Income Tax Return (ITR).
Features of Bandhan Bank Bike Loan
Following are the features of Bandhan Bank Bike Loan:
- Attractive Interest Rates: The bank offers Bike Loan at interest rates starting from 16.50% per annum.
- Loan Amount: Bandhan Bank offers up to 85% of the on-road price of the bike as loan.
- Flexible Repayment Tenure: The bank offers you a flexible repayment tenure up to 4 years, choose as per your convenience and pay in easy monthly instalments.
- Life and Non-Life Insurance: With Bandhan Bank you can avail life and non-life insurance options.
- Minimum Documentation: You can get a two wheeler loan from Bandhan Bank with minimum documentation.
- Door Step: Bandhan Bank provides door step document pick up process.
How to apply for Bandhan Bank Two-Wheeler Loan?
You can apply for Bandhan Bank Two Wheeler Loan both online and offline. The procedure to apply is given below:
Bandhan Bank Two-Wheeler Loan Apply Online
To apply online for Bandhan Bank Bike Loan, follow the steps given below:
- Visit the official website of Bandhan Bank.
- Click on ‘Personal’.
- After clicking on ‘Personal’, click on ‘Loans’.
- The complete list of Bandhan Bank loans will appear in front of you, click on ‘Two-Wheeler Loans’ in the list.
- You will get information related to two wheeler loan.
- Now click on the ‘Apply Now’ button or scroll down the page.
- Enter your name, email, mobile number, pin code in the application form and select your city.
- After entering everything, click on ‘Submit’.
- A representative of the bank will contact you and help you proceed with your loan application.
Offline Bandhan Bank Two-Wheeler Loan
To apply for Bandhan Bank Two-Wheeler Loan offline, follow the steps given below:
- You go to your nearest Bandhan Bank branch.
- Tell the bank employee that you want to apply for a bike loan.
- The bank employee will provide you all the information related to bike loan or two-wheeler loan.
- Necessary documents will be taken from you and they will be verified.
- If you are found eligible, your loan will be approved and the money will be credited to your account.
How to log in to the Bandhan Bank portal?
To login to Bandhan Bank portal follow the steps given below:
- Visit the official website of Bandhan Bank.
- On the top right corner of the page, click on ‘Login’.
- Choose your option between ‘Internet Banking’ and ‘Corporate Internet Banking’.
- Use your User ID and Password to login to ‘Internet Banking’.
- To login to ‘Corporate Internet Banking’, login using your ‘Corporate ID’ and ‘Net Banking ID’.
Bandhan Bank Important Aspects
Before applying for Bandhan Bank two-wheeler loan, understand its interest rates and charges carefully.
Be sure to check your credit score before applying for any loan. Your credit score reflects your loan repayment ability. If your credit score is low, you may be charged a higher interest rate or your loan application may be rejected. Click here to check your credit score.
To get a good bike loan, be sure to compare various interest rates and charges before applying for a two-wheeler loan.
FAQs (Bandhan bank Two Wheeler Loan)
Question. How much loan can I get from Bandhan Bank?
Answer. 85% of the on-road price of the bike can be provided as loan.
Question. What is the maximum loan amount I can avail?
Answer. The maximum amount that you can get for a two-wheeler loan from Bandhan Bank is Rs 5 lakh.
Question. What are the repayment tenures of Bandhan Bank Bike Loan?
Answer. Bandhan Bank offers various repayment tenures on two-wheeler loan from 12 months, 18 months, 24 months 36 months and 48 months.
Question. Do I need to have a savings account in Bandhan Bank to avail a two-wheeler loan?
Answer. Yes, to avail loan in Bandhan Bank you must have a current or savings account
conclusion
Bandhan Bank Two-Wheeler Loan offers an easy and hassle-free way to buy your dream two-wheeler. With attractive interest rates, flexible repayment options and minimal documents required, this loan offers a simple solution for those who want to finance their new bike without putting a strain on their pockets. If you have any question in your mind, you can contact Bandhan Bank Customer Care or you can ask by commenting. Hope you liked this article. Do share this with your friends.
