Buy Your Dream Two-Wheeler with IDFC First Bank Two-Wheeler Loan

IDFC Two Wheeler Loan

IDFC Two Wheeler Loan

IDFC First Bank Two-Wheeler Loan

IDFC is a two-wheeler loan that provides everyone in the country to own their own scooter or motorcycle with more ease and less hassle. The bank also offers flexible EMI payment options with a low processing fee. With an interest rate beginning at 9.99% p.a., you can avail loan and get your dream two-wheeler. 

Loan Amount Rate of Interest
Up to Rs.1.25 lakh 18.99% p.a.
Rs.1.25 lakh to Rs.3 lakh 14.99% p.a.
Rs.3 lakh and above 9.99% p.a.

IDFC First Bank Two-Wheeler Loan EMI Calculator

IDFC First Bank explains that getting a two wheeler is very nerve wracking , if you consider higher maintenance rates with hike in fuel prices along issues like parking . The bank can assist you get a two – wheeler for ease of use. IDFC First Bank has also introduced a new  two-wheeler loan to make sure that  each Indian who wants to get a scooter or bike can buy it with utmost ease.

EMI calculator is an online facility  that the bank provides to you to span and plan your payments. As an EMI calculator, you should be able to check your estimated EMI amount for a two-wheeler loan. You just need to type in the essential details of your loan along with getting your EMI immediately. Now, you  can  also visit the IDFC First Bank website to monitor your EMI two-wheeler loan.

Now Apply for IDFC First Bank Bike Loan?

Step 1: Fill in the Application Online

IDFC First Bank enables,  easily, to get your new bike on EMI with minimum documentation along with a fast and smoothest application process. Once you have submitted the  form,  then the bank representative can contact you .

Step 2: Submit the Documents

The representative from which  the bank contacts you, shall guide you with the documentation process. The representative will show how to upload the documents.

Step 3: Buy the Two-Wheeler

The representative can also run you through the process and  then your two-wheeler loan application reaches the processing level, you can also get your loan and then purchase the two-wheeler of your choice.

Loan Eligibility And Documents Required For IDFC First Bank Two-Wheeler Loan

Eligibility
  • You should be over 21 years and between 18-21 years in case of a co-applicant.
  • You should be a resident of India.
Documents Required
  • Photograph
  • Proof of identity
  • Proof of address
  • Application form

Major Features and Benefits of IDFC First Bank

Two-wheeler Loan

Chaos free Application Process

Fill in an application online  to start the application process for your two-wheeler loan. After you upload the form a representative from the bank will follow up

After you  upload the form , a representative from the bank will contact you to help to take the process forward.

Transparency is provided the priority

Financing and loan process of your two-wheeler has to be transparent and open. You have to meet the IDFC bank eligibility criteria and the documents for your loan that is verified, the bank  sanctions loan for the bike on EMI.

Get up to 95% of the Cost by the Bank

IDFC bank will usually finance up to 95% of the entire cost of the new two-wheeler.  But now you will also  have to upfront pay 5%. Now  the tenure of the two-wheeler loan is up to 4 years.

Zero Processing Fee

Availing a two-wheeler loan without paying any processing fee whatsoever.

Quick Sanction

Now apply for a loan from IDFC Bank online and submit minimum documents. The time taken to sanction your loan application is very quick and instant .

Attractive Interest Rates

Avail a two-wheeler loan with attractive interest rates that ranges between 9.99% p.a. and 18.99% p.a.

FAQ’s

  • Are you a business owner, and will you get the permission to get an IDFC First Bank two-wheeler loan?

Yes, you can definitely avail the IDFC first bank two – wheeler ,  if you are a self employed employee or a business owner. You should also have to be in the business for two the latest for two years to meet the eligibility criteria . Also note that you are also at least 18 years of age which is the actual time of applying for the two wheeler loan.

  • Do you have margin money or down payment?

Yes, if the down payment is of lesser amount then you will have to initiate this payment at the vehicle dealership.  Usually the amount is different between the amount of loan sanctioning along with  the on-road price of the two-wheeler.

  • Do you need to visit the IDFC First Bank branch to borrow a two-wheeler loan?

Please ensure  that you can also apply for the two-wheeler loan easily by visiting any dealership. The bank has dealerships available in 65 locations across India.

  • What is the process of loan repayment?

You can also repay the loan amount with EMIs. Also you can pay a fixed amount every month along with the interest.

  • Shall the whole application process for the loan be online, or do you have to visit the bank to get the application form?

Going for a two-wheeler loan online via the IDFC First Bank website or mobile app. The bank will also check if you meet the needed  eligibility criteria and then approve the loan after the documents have been verified and your application has been approved.

  • Can You Apply Online for IDFC First Bank two-wheeler loan?

Now get an IDFC First Bank two-wheeler loan approved online. You need to make a loan application on the IDFC website or mobile app to get onl9ne approval,

Summing Up

In order to get the quick IDFC First Bank Two-Wheeler Loan, you have to makes sure that you fulfill all the requirements mentioned in the article. Now that you know the benefits of IDFC First Bank Two-Wheeler Loan, it should be easier for you apply for the loan.