HDFC Bank - HDFC Bank Two Wheeler Loan - mymoneykarma

Features of HDFC Bank Two Wheeler Loan

HDFC two-wheeler loans come with a wide range of lucrative features that are listed below:

• The interest rate of the loan is 2% less, and the processing fees are 50% less for HDFC account holders.
• The bank has an online facility where the applicant can check the loan eligibility and status of application anytime.
• The time limit for repayment option ranges from 12 to 48 months. The repayment options are very flexible and can be availed even at the time of purchase.
• The EMIs of the loan can be paid through auto debit payments or post-dated cheques.
• Interest rates are very reasonable.
• Around 3000 branches across India provides this facility.
• Payment process of the loan is streamlined without any hiccups.
• The documentation procedure is simple and can be availed through a doorstep service.
• For some specific two-wheeler models, lucrative loans are provided to HDFC account holders
• All the loan charges are mentioned in writing along with the loan quotation.

Eligibility Criteria

The applicant of HDFC two wheeler loan has to be –

• Minimum 21 years old during the application, and should be less than 65 years when the tenure ends.
• Either a salaried or self-employed professional.
• Salaried individuals with a minimum yearly income of Rs. 84,000, and self-employed individuals with an annual salary of at least Rs. 72,000.
• Working for more than a year before applying for the loan.
• Have a landline phone either at their office, or at home.
• The applicant must reside for at least a year at the given address before applying.