Interested in financial products
Processing

Features

nil*

Pricing

nil*

Documents Required

nil*

Processing Fee

3%

Max Tenure

3 yrs

Best Rate

10%

Processing Fee

15.50%

Max Tenure

NA

Best Rate

15.5%

Processing Fee

10.20

Max Tenure

NA

Best Rate

10.2%

Processing Fee

6.5%

Max Tenure

NA

Best Rate

6.5%

Processing Fee

10.50%

Max Tenure

NA

Best Rate

10.5%

Processing Fee

N/H

Max Tenure

NA

Best Rate

N/H

Processing Fee

N/H

Max Tenure

NA

Best Rate

N/H

Processing Fee

8.50%

Max Tenure

NA

Best Rate

8.5%

Processing Fee

N/H

Max Tenure

NA

Best Rate

N/H

Processing Fee

10.50%

Max Tenure

NA

Best Rate

10.5%

Processing Fee

N/H

Max Tenure

NA

Best Rate

N/H

Processing Fee

10.99%

Max Tenure

NA

Best Rate

10.99%

Processing Fee

8.4%

Max Tenure

NA

Best Rate

8.4%

Processing Fee

N/H

Max Tenure

NA

Best Rate

N/H

Processing Fee

12.75%

Max Tenure

NA

Best Rate

12.75%

Processing Fee

10.05%

Max Tenure

NA

Best Rate

10.05%

Processing Fee

10.75%

Max Tenure

NA

Best Rate

10.75%

Processing Fee

10%

Max Tenure

NA

Best Rate

10%

Processing Fee

11%

Max Tenure

NA

Best Rate

11%

Processing Fee

10%

Max Tenure

NA

Best Rate

10%

Processing Fee

10%

Max Tenure

NA

Best Rate

10%

Processing Fee

12%

Max Tenure

NA

Best Rate

12%

Processing Fee

N/H

Max Tenure

NA

Best Rate

N/H

Processing Fee

10.6%

Max Tenure

NA

Best Rate

10.6%

Processing Fee

15%

Max Tenure

NA

Best Rate

15%

Processing Fee

N/H

Max Tenure

NA

Best Rate

N/H

Processing Fee

11%

Max Tenure

NA

Best Rate

11%

Processing Fee

11.65%

Max Tenure

NA

Best Rate

11.65%

Processing Fee

9.25%

Max Tenure

NA

Best Rate

9.25%

Processing Fee

12%

Max Tenure

NA

Best Rate

12%

Processing Fee

9.5%

Max Tenure

NA

Best Rate

9.35%

Processing Fee

N/H

Max Tenure

NA

Best Rate

N/H

Processing Fee

N/H

Max Tenure

NA

Best Rate

N/H%

Processing Fee

8.5

Max Tenure

NA

Best Rate

8.5%

Processing Fee

9.75%

Max Tenure

NA

Best Rate

9.75%

Sorry! We couldn't find any offer matching this category.

Two-wheeler loan in Agartala

The city of Agartala recalls the serenity of temples, palaces, and the rich history of the Manikya kings. Noted for bamboo handicrafts, local hand-woven shawls and textiles, Agartala can be a beautiful place to live in.If you are looking for 2-wheeler loans in Agartala to get that dream bike to ride, then read on.

What is a two-wheeler loan?

A two-wheeler loan or bike loan is a secured loan taken by the borrower to buy a bike of their choice with the two-wheeler as collateral. The two-wheeler thus purchased will initially have the ownership under the banks name, once the loan repayment has been completed the bank will send a No Objection Certificate(NOC) which needs to be used by the borrower to convert the owner of the bike to your name.

Features: two-wheeler loan in Agartala

1. Two-wheeler loans are easy to get and easier to pay off.

2. The resale value of motor cycles is high and once you complete a loan you can start thinking of a new bike immediately

3. When paid off consistently affects your credit score positively and helps you build a credit profile.

4. Some banks also provide zero down payment bike loans, where you don’t have to put up your own money to buy the bike

Eligibility: two-wheeler loan in Agartala

AgeMinimum 21 years
Maximum 65 years
NationalityIndian
Employment typeSalaried or Self-employed
Employment statusEmployed/In-business for at least 1 yrs. and at least 6 months with current employer/business
Minimum incomeRs. 50,000 per annum
Maximum loan amountOn an average financial institution pay up to 90% of the loan
TenureMinimum – 12 months
Maximum – 60 months
Credit scorePreferred 750

Fees and Charges: Two-Wheeler Loan in Agartala

Loan processing charges1% to 3% of loan amount
Documentation charges0.5% to 3% of loan amount
Pre-payment charges

Will vary from bank to bank for example

Fixed Prepayment charges

Prepayment at any given time – 1% to 3% (or)

Varying prepayment Charges based on repayment cycle

  • Within 4 months to 6 months from the 1st EMI – 10% of principal outstanding
  • Within 7 months to 12 months from the 1st EMI - 6% of principal outstanding
  • 13-24 months from 1st EMI - 5% of principal outstanding
  • Post 24 months from 1st EMI - 3% of principal outstanding
No Due Certificate / No Objection Certificate (NOC)Varies across lenders mostly NIL
EMI Late payment penalty1% to 3% Per Month on the Unpaid Installment
Stamp dutyAt actuals as levied by respective State Govt.
Cheque bounce / EMI return chargesRs.100 to Rs 500/-
Loan cancellation charges:Varies across lenders
Legal, repossession & incidental chargesAt actuals
Duplicate NOCRs. 500/- onwards
PDD collection chargesUp to Rs.450/-
Cheque/ECS swapping chargesRs 250/- onwards
Amortization schedule chargesRs 200/- onwards
Special NOC chargesRs 250/- onwards
Loan rebooking/reschedule chargesRs 500/- onwards

Documentation: two-wheeler loan in Agartala

Important documents to be submitted while applying for two-wheeler loans in Agartala

  • Completed loan application
  • 3 Passport size photographs
  • Statement of Bank Account/ Pass Book for last six months
  • Proof of residence (photo copies of recent Telephone Bills/ Electricity Bill)
  • Proof of identify (photo copies of Voters ID card/ Passport/ Driving license/ IT PAN card)
  • IT returns for the three years for self-employed professionals
  • Form 16/IT returns for the last two financial years for salaried employees

How to apply for two-wheeler loan in Agartala?

There many ways one can apply for a bike loan in Agartala

1. The dealer

Most showroom owners or two-wheeler dealers have tie ups with NBFCs and Banks whose representatives you can meet at the showroom itself through whom the process and the documents required to get the loan can be ascertained.

2. Bike manufacturer

Bike manufacturers like Hero and Bajaj have their own lending services through which they provide loans for their customers at competitive interest rates

3. Bank/NBFC website

You can go online and visit any of the banks or NBFC that provide two-wheeler loan and apply for it. You will need to fill up the necessary details asked on the website. A bank/NBFC representative will come to your home to collect the necessary documents. The loan amount will be disbursed after document verification. This the best way to get an instant eligibility check.

4. Bank/NBFC branch

This a type of offline mode where the borrower can visit any bank or NBFCs branch in Agartala to meet with a representative who will give all the details of their two-wheeler loan scheme. You can also ask any queries you might have to get a complete understanding of what you are agreeing to in taking their loan.

5. Customer care

A potential borrower can also call a bank/NBFC customer care with whom they can get the details and also apply for the two-wheeler loan. A bank/NDFC representative will come and collect the necessary documents from your home. Once the verification process is completed your loan will be disbursed.

6. Applying through CreditMantri

You can check your eligibility and apply for a Two-Wheeler Loan by signing up with CreditMantri. It is quick, simple and above all, free.

CreditMantri matches your credit and demographic profile to the lender's lending criteria and presents you a shortlist of only those lenders willing to lend to you based on your unique credit profile. In effect, we pre-screen your application to make sure you are likely to qualify as per the lender’s credit criteria. Hence, the chances of your two-wheeler loan application getting approved is higher.

How to choose a two-wheeler loan in Agartala

When choosing a two-wheeler loan in Agartala, a person needs to first analyze their income and expense to see how much they make and how much they spend each month. Next, he/she needs to check their credit score if they had taken loans before or if they own a credit card. If the credit score is low the person needs to improve it before applying for the loan to make sure they get the best offer.

Then he/she needs to decide what bike they want. This because in two-wheeler loans there are separate criteria for superbikes and other bikes. After choosing the bike you need to decide how much you are going to pay and how much loan amount you are going to take. Never take a loan beyond your means. Choose a loan and EMI which you can pay comfortably.

Which Is the best bank for two-wheeler loan in Agartala?

There are many banks and NBFCs which offer two-wheeler loans in Agartala like HDFC, ICICI, SBI etc. The best lender is one where you can get the loan amount you want at an interest rate that is comfortable for you and who can disburse the funds as early as possible. You should not choose a bank just because you know it, you need to choose the bank that provides the best benefits for you.

Two-wheeler loan EMI calculator

To get a better understanding of your loan requirement and how much EMI you will pay, you can use the EMI calculator available on CreditMantri website and on the bank/NBFC website. By inputting the tenure, interest rate and loan amount you will get to know how much EMI you will pay. You can vary the inputs for various scenarios and know the EMI in each case. This will help you plan for the loan you want.

Two-wheeler loans for senior citizens

In India usually, the retirement age Is 60 years, while banks provide loans for a maximum age criterion of 65 years. It is above this age that getting a two-wheeler loan is difficult. Many banks provide bike loans for senior citizens if they can show that they have paying capability. Some banks might also ask for a guarantor with a good credit score. The loan tenure might be very high as banks feel that the risk will be higher.

Two-wheeler loan for bad credit

To get a two-wheeler loan with bad credit is quite difficult. Even if you do get one it will be at unfavorable terms. The ideal option for people with bad credit is to improve their credit score before taking a loan.

Two-wheeler loan in Agartala – FAQs

1. Where can I get the cheapest two-wheeler loan interest rates in Agartala?

The interest rate depends on your salary, the loan amount you require, credit score and the tenure you opt for. You can negotiate for good terms with a good credit score.

2. How to get instant e-approval on 2-wheeler loans?

You need to visit the website of lenders be it banks or NBFCs and apply on their website. After inputting the details asked the bank will immediately give you an update if your loan application is approved or not.

3. Where can I find a two-wheeler loan interest calculator?

You can visit CreditMantri website or the lending bank website where you will find the option of EMI calculator. Input various interest rates to get the respective EMIs. The interest rate can be obtained by applying for the loan where you will submit basic information like salary, company and job experience details based on which interest rates will be displayed.

4. Two-wheeler loan interest rates in all banks in Agartala

Interest rate subject to change, kindly check with the lender for the latest rates

BankInterest rate
Allahabad BankMCLR + 3.25%
Axis BankStarts from 10.50%
Bajaj FinservDepends on borrower’s credit profile
Bandhan BankDepends on borrower’s credit profile
Bank of Barodaone-year MCLR + strategic premium + 4.00%
Bank of Indiaone-year MCLR + 0.85%
Bank of Maharashtraone-year MCLR + 0.75%
Capital FirstDepends on borrower’s credit profile
Central Bank of IndiaMCLR + 0.40%
City Union Bank3-year MCLR + 4.80%.
Corporation Bank12.25%
Dena Bank9.60%
Fullerton BankDepends on borrower’s credit profile
HDFC BankStarts from 10.50%
Hero FinCorpDepends on borrower’s credit profile
ICICI BankStarts from 10.50%
Indian Bank9.45%
IndusInd Bank8.55%
Indian Overseas Bank (IOB)8.40%
Jammu & Kashmir BankStarts from MCLR+ 1.00%
Karur Vysya BankOne-year MCLR + 5.35%
L&T FinanceInterest rate starting at 10.75%
Mahindra FinanceStarts from 10 % onwards
Muthoot Capital Services11% onwards
Nainital Bank0.25% over base rate to 0.70% over MCLR
Oriental Bank of CommerceUp to 36 months BR + 0.50% = 10.20%
Up to 84 months BR + 0.75% = 10.45%
Punjab and Sind Bank10% per annum
Punjab National Bank (PNB)Starts from MCLR+3.25%
Saraswat Bank12.00 %
State Bank of India (SBI)17.20%
Shriram City Union FinanceMCLR + 3.25%
Syndicate Bank10.60%
Tamilnad Mercantile Bank (TMB)9.75% to 13.95%
TVS Credit15% to 29%
UCO BankMCLR of 1 Year + 4.40%
United BankStarts from 11.00%
Vijaya Bank11.65%
TATA CapitalStarting at 10%

Customer Reviews

5 / 5 (3 Reviews)
10 May 2019

good

10 May 2019

EXCELLENT

×Thank you! Your comment will be reviewed and posted shortly.

Write a review

CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf.