Introduction
Why wait to own your two-wheeler? With loans up to ₹5,00,000 and flexible tenures,
KreditBee makes your dreams come true effortlessly.
Get your dream two-wheeler now with minimal paperwork and hassle-free financing
options. Your perfect ride is closer than ever!
Loan Details
- Loan Amount: Up to ₹5,00,000
- Tenure: Up to 48 months
- Serviceable Region: Bangalore
Features and Benefits of Two-Wheeler with KreditBee
The best features for a smooth credit experience
Quick Loan Disbursal
Quick disbursal of two-wheeler loan to provide speedy delivery of the vehicle.
Hassle-free Documentation
Experience a streamlined application process with hassle-free documentation.
Loans ranging from ₹10,000 to ₹5 Lakhs
Choose a loan amount that aligns with your two-wheeler needs.
Available 24x7
Apply for a loan anytime, anywhere, at your convenience.
Interest Rates of up to 28.5% p.a
Enjoy competitive business loan interest rates tailored to your profile and loan amount.
Flexible Repayment Tenure ranging from 16 months - 48 months
Select a repayment tenure that matches your cash flow and business cycle.
Competitive Processing Fee
Enjoy processing fees tailored to your profile and loan amount.
Two-Wheeler Loan Eligibility Criteria and Documentation
To apply for a Two-Wheeler Loan, you must meet the following criteria:
Features
- Loan amount from ₹10,000 to ₹5 Lakhs
- Interest Rates ranging from 10% to 28.5% per annum
- Tenure ranging from 16 months to 48 months
- Processing fee up to 5.1% + GST
- Loan amount based on the vehicle pricing received from the vehicle dealership/manufacturer
- Secured against hypothecated vehicle
Eligibility Criteria
- Indian Citizen
- Age to be 21 years and above
- Minimum monthly personal income of ₹15,000
- Monthly household income more than ₹25,000
- Possess Government approved Valid Identity Proof & Address Proof
- Aadhaar-linked mobile number
Documents Required
- Photograph
- PAN
- Address Proof (Permanent & Current Address)
- Income Proof (Bank Statements reflecting Monthly Income)
- Vehicle invoice (provided by dealer)
- Downpayment receipt (provided by dealer)
- Insurance Papers (provided by dealer)
- RTO Details paper (signed by customer)
Other Fee & Charges
- Foreclosure charges
- Foreclosure charges of 2% of principal outstanding* + GST will be charged in case Foreclosure is opted
- Part-Prepayment Charges
- Part Prepayment Charges of 3% of principal prepaid* + GST will be charged in case Part-Prepayment is opted
- Penal Charges
- 1. EMI bounce charge (1st day): 4% of principal overdue* or ₹500, whichever is lower
- 2. Penal charges for 2-180 days: 36% per annum on principal overdue (+ GST if applicable on penal charges)
- Other Charges
- Maximum amount of up to ₹2754 + GST will be charged
- PDD Charges
- Maximum amount of up to ₹466 + GST will be charged
- Retained Processing Fees in case of cool-off
- 1. A percentage of the one-time processing fees may be retained as the cool off fee if the customer exits the loan during the cooling-off period.
- 2. The exact amount of the cool off fees is disclosed upfront in the KFS (Key Fact Statement).
- Stamp Duty
- 1. Stamp duty charges as per actuals shall be applied based on the disbursement office / branch.
- 2. The exact amount of the Stamp duty charges is disclosed upfront in the KFS (Key Fact Statement).
- Maintenance & Procurement Cost
- 1. Maintenance & Procurement Cost may be applied based on the disbursement office / branch.
- 2. The exact amount of the Maintenance & Procurement Cost is disclosed upfront in the KFS (Key Fact Statement).
- *round to the nearest rupee
Application Requirements
- Mobile Number
- First & Last name
- Date of Birth
- Gender
- PAN
- Employment Type
- Monthly Income
- Address Proof
- PAN Photo
- Selfie
- Permanent Address
- Current Address
- Education
- Profession
- Marital Status
- Father/Mother/Spouse Name
- Reference Contact
- Co-Applicant Details
- Religion
- Income proof (for both salaried & business owners)
- Employment proof for salaried applicants
- Business ownership proof for business applicants
- Vehicle Brand, Model & On-Road Price
- Dealer Name & Details
- Dealer Disbursement Bank Account
- Downpayment Amount
- eNACH/UPI e-mandate
- Vehicle invoice (provided by dealer)
- Downpayment receipt (provided by dealer)
- Insurance Papers (provided by dealer)
- RTO Details paper (signed by customer)
How to Apply for a Two-Wheeler Loan Online on KreditBee?
Follow these simple steps to apply for a Two-Wheeler loan on KreditBee and get the funds you need to fuel your dreams:
Purpose and Uses of Two-Wheeler Loans
Empowering you to fulfil your two-wheeler dreams effortlessly with KreditBee!
Frequently Asked Questions
1. Who can apply for a Two-Wheeler Loan?
2. What is the maximum loan amount?
3. How long is the loan tenure?
4. What documents are required to apply?
5. What are the interest rates and fees?
6. How can I apply for the loan?
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